The rules of staying rich

[MutatedStarDust]

Getting rich isn't that hard. It's staying rich that is.Any fool can rob a bank and have millions but eventually hes gonna get caught and lose all his dough.
so here's how you do it.
#1. Don't do anything illegal if there are possibilities of you getting caught because its very likely you will
#2.Don't spend excessively . your car is just to get you between 2 places not a way to show off
#3.Always put money into assets. things that will make you more from what you already have.. such as FD's, blue chip companies etc
#4.Learn the difference between being rich and being wealthy its crucial
#5.Always try to get more money faster than you did before ie there should be growth at the rate at which you acquire money
#6.Always keep thinking about how you can make more money.
#7.staying rich is like a marathon that lasts your whole life its not a spront of 10 years
#8.Short cuts DO NOT work.
#9.Keep long term goals.
#10.DONT trust anyone. Greed is in everyone.

these are some basic principles of how you could stay rich but in lif nothing is gauranteed.so always keep yours wits abot you and keep looking for oppurtunites. Say a econmic crisis happens in your countryt and real estate hits rock bottom that means its the righttimeto buy.
Dont follow the masses .. theres a reason they arent rich or are poor.never try to spend money you dont have.A small house and a big balance is better than the opposite . Never use your emotions while doing anything financial.
and lastly ask yourself if you are a worker or a businessman

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[dondexter]

Being frugal with your money. Make better decisions. Work hard

[romancheg]

#12 read more about economics and personal finances, because very few people really know what to do with their money.

Btw, speaking of btc investments and trading, what books would you recommend to read? I`, looking for them.
My favorite about trading is "Lizard brain" by Terence C. Burnham.
So, what are your suggestions?

[NeuroticFish]

Getting rich isn't that hard. It's staying rich that is.Any fool can rob a bank and have millions but eventually hes gonna get caught and lose all his dough.
so here's how you do it.
#1. Don't do anything illegal if there are possibilities of you getting caught because its very likely you will

Please teach me how to get rich, I promise that I will make sure I'll stay rich after that.
The two bold things contradict each other. And since your logic was flawed from start, I know for sure that you cannot help me.


Now, I have a family, I have 2 wonderful kids, so I am rich already. I will try to remain rich

[basketcoin]

i can agree with some of the things but not all of them, sometimes in order to remain rich you got to act to gain more money or connections, and you have to trust people and take risks.

[Kiritsugu]

Getting rich isn't that hard. It's staying rich that is.Any fool can rob a bank and have millions but eventually hes gonna get caught and lose all his dough.
so here's how you do it.
#1. Don't do anything illegal if there are possibilities of you getting caught because its very likely you will

Please teach me how to get rich, I promise that I will make sure I'll stay rich after that.
The two bold things contradict each other. And since your logic was flawed from start, I know for sure that you cannot help me.


Now, I have a family, I have 2 wonderful kids, so I am rich already. I will try to remain rich

Evidently you can't read.  The bolded sentiments were two separate parts entirely.  Notice how he said "Any fool can rob a bank and have millions but eventually hes gonna get caught and lose all his dough."

That bolded part is specifically why not doing anything illegal was his first step.

Learn to read before you call someone else's logic flawed.

[Papski]

i can agree with some of the things but not all of them, sometimes in order to remain rich you got to act to gain more money or connections, and you have to trust people and take risks.

Yes, rich people put their trust in contracts and signed papers.
if you are in a business you know how cruel it is, you would see how people can be greedy.

[adidas]

I agree with you except the 2 point of your description. It's true that a car is only a mean of transportation which takes you from point A to point B but my friends in the office are saying it is very important how you make the transportation of yourself from point A to point B. A little bit of showing off is always good for your self estimate.

[NeuroticFish]

Evidently you can't read.  The bolded sentiments were two separate parts entirely.  Notice how he said "Any fool can rob a bank and have millions but eventually hes gonna get caught and lose all his dough."

That bolded part is specifically why not doing anything illegal was his first step.

Learn to read before you call someone else's logic flawed.

I've read it, don't worry.
So it's easy to get rich, but the only easy way presented is illegal; of course, you can get caught, so it's better to stay legal. So, back to step one: how is it so easy to get rich (materially)? From what I see in the world most people find it pretty difficult, me included.

All the steps help indeed to get some more money, but from that to get rich there's still quite a step.
I liked most the "Don't spend excessively . your car is just to get you between 2 places not a way to show off" part, when I use bus mostly.

[sheldonnnn]

Not nough to have a lot of resources. If you want to be really rich, you need to know how to use it really smart, i think.

[kingorbust]

the rule is to make people and things earn money for you and not you working for money. I think rich dad poor dad book explained this nicely.

[oxygen88]

The rules of staying rich - don't gamble and work hard 

[NeuroticFish]

the rule is to make people and things earn money for you and not you working for money. I think rich dad poor dad book explained this nicely.

Yes, this is a good rule.
I just thought on two more:
* Invent something many people will use. Getting a couple of cents on each product resulted from your invention will ensure you a good life.

This one is not that good since you need some money, knowledge and luck.
* Jackpot some assets. This means knowledge and luck. Just imagine that there are surely many people that bought 1-5k BTC when it was under 2$, but there may be enough stocks with similar history.

[oOxenonOo]

Best rule is to make your money work for you and you spend only amount your initial investment generates or little less so you can generate more and more..

[Vasu Dev]

apply best money management tricks as per current market trends.

[inspiring.rai]

To stay rich you have to invest your money in constructive way and not put yourself in illegal activity.

[moonlight]

Dont bet. Dont waste the money you got from betting. Just dont.

[Dizaster2015]

I agree with you except the 2 point of your description. It's true that a car is only a mean of transportation which takes you from point A to point B but my friends in the office are saying it is very important how you make the transportation of yourself from point A to point B. A little bit of showing off is always good for your self estimate.

I also agree with you.
I also have friends like that, who see the car not only as a means of transportation from point A to point B

[boomin]

Work hard and don`t put your live in risk

[mgauffin]

don`t spend your money and you`ll be rich

[FlightyPouch]

I think this rules is just all about being rich and getting richer again. I think that is really wrong, you are being more likely to be a greedy person more than a rich person. Working really is essential even for rich person.
But if you are not still satisfied, on what you have I think that is wrong. Try to change your ways and do not be selfish, all your rules are being greedy and selfish.

[nyanhtet]

Worth to read. Thank.

[ArabianChain]

Getting rich isn't that hard. It's staying rich that is.Any fool can rob a bank and have millions but eventually hes gonna get caught and lose all his dough.
so here's how you do it.
#1. Don't do anything illegal if there are possibilities of you getting caught because its very likely you will
#2.Don't spend excessively . your car is just to get you between 2 places not a way to show off
#3.Always put money into assets. things that will make you more from what you already have.. such as FD's, blue chip companies etc
#4.Learn the difference between being rich and being wealthy its crucial
#5.Always try to get more money faster than you did before ie there should be growth at the rate at which you acquire money
#6.Always keep thinking about how you can make more money.
#7.staying rich is like a marathon that lasts your whole life its not a spront of 10 years
#8.Short cuts DO NOT work.
#9.Keep long term goals.
#10.DONT trust anyone. Greed is in everyone.

these are some basic principles of how you could stay rich but in lif nothing is gauranteed.so always keep yours wits abot you and keep looking for oppurtunites. Say a econmic crisis happens in your countryt and real estate hits rock bottom that means its the righttimeto buy.
Dont follow the masses .. theres a reason they arent rich or are poor.never try to spend money you dont have.A small house and a big balance is better than the opposite . Never use your emotions while doing anything financial.
and lastly ask yourself if you are a worker or a businessman

You make a lot of really good points. Thanks

[Violincoin]

Richness could be found inside your heart. not really money. just be in peace with yourself.

[Boseda]

It's a good list to get started. Anyway there are 2 main problems in it:

1. You didn't say how to make money from scratch.
2. Recognize what is an asset is absolutely not easy! There are lots if things we can think are assets, but actually they're not. This is maybe the most difficult thing to discern

[Lieldoryn]

It's all good rules, but to stay rich you need to first become rich. This requires startup capital, which can not be collected in legal ways. Here's the dilemma turns out.

[spngebob]

Nice post indeed, i like this line:
#6.Always keep thinking about how you can make more money.

[freemind1]

Nice post indeed, i like this line:
#6.Always keep thinking about how you can make more money.

The money that comes easy also goes easy.

[spngebob]

Nice post indeed, i like this line:
#6.Always keep thinking about how you can make more money.

The money that comes easy also goes easy.

What easy money? Where did you read this?

[Veider_lord]

i can agree with some of the things but not all of them, sometimes in order to remain rich you got to act to gain more money or connections, and you have to trust people and take risks.

Right. To achieve wealth, one must constantly act and take risks. You need to develop your strategy and learn from your mistakes.

[Bittzy78]

You should diversify your holdings so that they are hedged against economic downturns and recessions.

People still have to wear clothing, drive cars, eat food, pay electric bill and drink alcohol even during the worst of times.


 

[HarringtonStark]

Yeah I have more money now than before thanks to bitcoin I now do some small freelance work for bitcoins in my freetime.