How to become RICH?

HI

tell me how i become a rich man

Win the lottery. It’s common knowledge that we all have a better chance of being hit by a meteorite or struck by lightning than paying for a Tesla with an oversized Powerball check.

Become Instagram famous. At the risk of sounding like a crotchety old man, I remember a time when kids weren’t betting their futures on getting paid for their bad selfies.

Become a pro athlete. Please don’t count on this. Not only are the odds of becoming a pro-athlete incredibly small, but it also requires a lifetime of practice, iteration, and dedication to improvement. Also, who actually likes sports?

The easiest way to become rich is to be born in a family which is already wealthy. Unfortunately none of us can control where we are born. We cannot determine before hand which religion, country and family we will take birth in. Some notable youngsters in India who are born wealthy are Siddharth Mallya, son of Vijay Mallya and Anant Ambani, Son of India’s richest man Mukesh Ambani. This option cannot not work out for the majority of us but your children could be born wealthy if you resolve to get rich quickly.

This has been the preferred option for centuries and has been used by men and women to acquire wealth. In some countries it has become an industry where men and women marry for money and then quickly divorce when they get their share of wealth. Many Hollywood movies have been produced on this topic. Asin Thottumkal, the Kerala born actress last month married the billionaire founder of Micromax Mobiles.

Bollywood actress Karishma Kapoor’s husband recently accused her of marrying him for his wealth at a divorce court in New Delhi. All this shows that there are plenty of men and women who are willing to marry you for the money you have in your bank account. The question is are you ready to do this ?

If you want to become rich but do not have the money to start a business, you could enroll for a job at a company and then save a portion of your earnings monthly. After a few years you can invest your savings to start an online business or even start working from home. There are dozens of bloggers in India who earn more than 10 lakhs every 6 months.

There are many drawbacks of this option, it is very difficult, you have to work hard and there is no guarantee of success. In India, millions of men and women have tried to earn money honestly but only a small percentage has succeeded. Some have made money only to squander it later on because of circumstances and wrong decisions. Making money and holding on to it is far more difficult than what any of you have imagined.

If you want to become rich in one day you can buy lottery tickets or visit gambling casino’s around the world. You can even make money by playing online games like rummy and cricket. This way you might become rich in a short time or you might lose whatever money you already have. This option is for the Baazigars, “jo har ke bhi jeetata hai“. You could even try your hand at mining diamonds in this Chhattisgarh village where you can find diamonds 4-5 feet below the soil. Who knows the next Kohinoor might be waiting for you.

Who says crime doesn’t pay. In India it does and some of the most wealthy men in this country have earned their riches by breaking the laws of the land. You could become a gangster and extort money from the wealthy or you could start a chit fund company and run away with the deposits of your clients.

Take for instance the sordid story of two chit fund companies in West Bengal called Sardha Finance and Rose Valley which duped investors of Rs 2500 Crore and Rs 10,000 Crore with the connivance of politicians. Who said India is a poor country ?

You can even become rich in one day by looting an ATM or a bank but there is a saying that ” The means are as equally important as the End “. If you use the wrong means to make money you will end up in a miserable and wretched condition in the long run. You may enjoy your ill gotten wealth for a few months or even a few years but your karma will catch up with you.

These are the five ways by which anyone can become rich in India. We do not recommend that you follow the first and fifth method. We leave you with a quote from Warren Buffet on life.

Only 20% of millionaires have inherited their wealth. 80% have made it on their own and are first generation millionaires. And the fortune they have will disappear by the second or third generation.

One of my all time favorite books is one the Millionaire Next Door by Thomas Stanley. This book completely revolutionized the way I feel about money and opened my eyes to the true differences between what the main stream perception of wealth is and the actual reality of it.

Rich people are rich because they understand what it takes to become rich and stay rich. There is a saying that goes like this:

People who are proactive and plan out exactly what their money is going to do month in and month out are rich people. These are the same people who tell their money what to do instead of wondering what happened at the end of each week/month/year to all of their money. To put it simply – rich people are in full control of their money and their future.

Set Goals

There is a difference between wishing it were better or simply being better. Rich people are incredible at remaining proactive and setting goals, while poor people are incredible at reacting and wishing things would get better.

If a goal is not clearly defined, written down on paper, and given a time frame, then it is not a goal at all….it is merely a wish. Rich people understand this and this is why the majority of rich people set daily, monthly, yearly, and annual goals. Not only do they know where they want to go, but they know how and when they will get there.

Pay with CASH

Of course rich people pay with cash because they are rich and they have cash, right?

Rich people pay with cash because they are actually very frugal with their money. Poor people make poor decisions with money over time while rich people do just the oppositte – they make very good decisions consistently over long periods of time. This is one of the reasons why rich people love to pay with cash; they’re going to pay less for something than poor people.