FOLLOW THIS RULES TO BECOME RICH

[newwest]

Each and everyone would have their own rules in life in order to manage and grow money. But yes some of the points would be common, like do not invest all in one asset class. Keep saving some and keep investing and be a long term investor. Do not overspend than what you earn etc.

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[Shamm]

FOLLOW THIS RULES TO BECOME RICH

Rule 1
Money is covered only by the words of those who govern those countries.

Rule 2
Monitor your expenses ( Even the tip you give to a stripper)

Rule 3
Don't gamble

Rule 4
Don't invest in women (gold diggers)

Rule 5
A investment is a operation  that allows you to recover the initial amount invested and it will generate you a profit after rigorous/logical/rational analysis
 
Rule 6
Diversify ,but put your eggs only in things you understand and things that gives you pleasure /joy to find out more information and to analyze them.

Rule 7
Invest in things that do not expire or have a long  shelf life and that provide you with a stable income. Example: Land that you can cultivate and build on it at the same time.

Rule 8
Evaluate the things you want to invest in ,and try to buy them at a discount.

Rule 9
Use compound interest as a tool ,and your ROI/yield should be greater then losses caused by taxes,fees and inflation.

Rule 10
Do not enter in conflict with governments,countries you will LOSE.

Rule 11
People can be greedy,power and money corrupts,accounting data can be faked and companies can use different standards to do the math,and people can lie about the things they want to sell or to get rid of .( Why would you want to sell something that is generating income ? )

Rule 12
Create contacts and educate yourself

Rule 13
Do not let inflation corrode your money ,move it but do not move it to much else you will lose it in bank fees,taxes etc ... money is like water.

Rule 14
Get rid of vices (Smoking,drinking,coffee etc)

Rule 15
If interest is compounding,that means inflation is compounding also.

Rule 16
Optimize your expenses when you invest in something ... find how much are the taxes,fees etc on the thing you want to invest..before you invest in it.

Rule 17
To invest you need capital ,you get it in time with work and sacrifices ,drop by drop.

Rule 18
Value of a thing is given by how much someone wants that thing in a moment in time ,
If i am in the Sahara Desert now and if can't find water in a 1000km range and if don't have a car ,water is worth more then  gold.If you live next to a river with clean water ,water is worth zero to you.

Rule 19
Land,Proprieties that are next to intersections/crossroads are worth more then does that are not .

Rule 20
Safe money is more valuable then risky money .

Rule 21
If the investment has a good manager and a low return then the investment is a bad investment .

Rule 22
Invest in people and their skills / qualifications .

Rule 23
Don't invest your money all at once ,life is like a roller coaster.

Rule 24 The Most Important Rule
If your rich,famous,powerful ,beautiful,healthy,loved that does not mean you are smart ,or your parents/family are smart . It's just your fate given to you .


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If i would have  listen at the right time ... i would have been rich now .

  Thank you for all this rule an the most rule I really liked is rule number 24 .This rule thought me so far and I've learned also to the other rule and I won't forget all of this ,cause maybe someday i became of them to.

[Victorycoin]

In addition to the above discussions longterm investments are much easier to get rich with bitcoin will easily get rich by making long term investments in the crypto market cautious risk takers do their homework, they use skills and knowledge to take risks before launching new ideas and ventures into a business. Also you need to do market research not be afraid to take any action sitting or just thinking, you can never be successful earnings will reduce the amount of expenses as well.

[Semar Mesem]

Each and everyone would have their own rules in life in order to manage and grow money. But yes some of the points would be common, like do not invest all in one asset class. Keep saving some and keep investing and be a long term investor. Do not overspend than what you earn etc.

It's a language we have heard before entering school, but in fact it is difficult to apply, I think the thing that makes us rich is the courage to take risks, as long as we are afraid to take risks then never think about being rich, it is a natural law because 100% of people Rich is the one who dares to take risks.

[Obito]

Did someone follow this formulas to the heart and got rich because of it? If not then it's probably not a good thing to follow all of these rules to the heart, maybe just consider them from time to time. There's no fixed rule to getting rich, it's different for other people so you better watch out because this might not work for everyone and most of them anyways are common sense.

[breathlessz]

This is really a good one and I see you cutting across all spheres of life but can you expatiate on this for me "Safe money is more valuable than risky money". I will like to know your definition of risky money

I think risky money is money whose value continues to decline due to many factors such as inflation, most people take the safe way, namely saving in the bank but I think this is very risky because we don't get anything because bank interest is very small compared to inflation.

in saving in the bank, indeed our nominal will not change, but this will be inferior to the inflation rate that occurs. then in my opinion the safest is investment, where we will get a return that is greater than bank interest and greater than the rate of inflation that occurs

[ChiBitCTy]

I hope that no one takes this advice seriously.  I am not saying that some of this information isn't decent info, but the majority of it either isn't true or really doesn't make any sense.  A lot of this information really doesn't add up.  Like for instance one of your rules, or whatever you call it is to not gamble.  A lot of investing is exactly just that..even if it's educated gambling, for instance.

[realcrypto]

The listed rules are necessary to become rich. I will write them out  and adhere to them, I am faulty in some of them though I really want to work on myself. Getting rich needs self discipline.

[Princejebs]

I wanted my words to be harsh but again, this is faceless forum and I don't know whom I am replying his post.
You should that there is no guide about success because what works for you will definitely not work for me. You need to follow what works for you.
Today, I'm graduate and I have focused and put Cryptocurrency in front line as way of putting food on the table because I'm dedicated about the tech and the huge incentives for buying and holding for longer term. Others may take it fun or place where they can learn and not for money, there way of making money is in another place.

[LUCKMCFLY]

This is really a good one and I see you cutting across all spheres of life but can you expatiate on this for me "Safe money is more valuable than risky money". I will like to know your definition of risky money

I think risky money is money whose value continues to decline due to many factors such as inflation, most people take the safe way, namely saving in the bank but I think this is very risky because we don't get anything because bank interest is very small compared to inflation.

in saving in the bank, indeed our nominal will not change, but this will be inferior to the inflation rate that occurs. then in my opinion the safest is investment, where we will get a return that is greater than bank interest and greater than the rate of inflation that occurs

Saving in the bank was in fact one of the best ways to diversify money, however, it was successful for the 1950s until about 1980, this according to Malkil Burton's book, now it is not safe considering that the annual interest does not they reach a 24% profitability.

If, on the other hand, a person who is dedicated to investment or is a BTC trader with a quarterly goal of making 6% of his entire balance would be generating much more annual interest than any bank worldwide.Now, taking into account that if BTC does not rise you can make 6% quarterly dividing it in several ways, some people do it in less than 1 hour, it is a matter of making a good trading plan.

[Luke Briggs]

Will not get rich overnight.
Investment is already gambling, but it is relatively stable.
No one can do all of what you said.
The rich should and will not follow these rules.
You must have knowledge and learn to invest, and you will slowly accumulate wealth.

[19Nov16]

Will not get rich overnight.
Investment is already gambling, but it is relatively stable.
No one can do all of what you said.
The rich should and will not follow these rules.
You must have knowledge and learn to invest, and you will slowly accumulate wealth.

Yes true, no one gets rich overnight or even a year, rich people are always eager to learn and work hard, besides that he needs patience to start wealth, the most important thing is experience and patience, rich people don't care about various theories to get rich but he will have principles strong based on his experience.