The secret to accumulation of wealth: Live poor; earn rich. That is, spend well below your means. Comments?
452471
Well, that's a good way to accumulate some wealth, yes.  The better way is to start a business or something that generates wealth at a much faster rate than trying to save from salary.  Real estate is another option if you know what you're doing.  It's not easy.\n\nObviously, though, if you make more than you spend, saving and investing over the long term helps with some accumulation.
763904
Sorry, you have just shown that you do not have what it takes to become rich.  It takes work and time.
561936
I'd rather be happy than rich.  Of course I think I am rich - not monetarily but in LIFE!
811132
"To whom much is given much will be expected."  Remember the story of the poor woman at the Temple who gave her last two pennies?  Her contribution counted far more than the huge donations of the wealthy men.  Also, we are told, "Do not store up for yourselves treasures on earth, where moth and decay destroy, and thieves break in and steal.  But store up treasures in heaven, where neither moth nor decay destroys, nor thieves break in and steal.  For where your treasure is, there also will your heart be."  Finally, Jesus says "the gate is small, and the way is narrow that leads to life, and few are those that find it."  \n\nSo my take on it?  VERY hard for wealthy people to get into heaven.  My reasoning is that these people are unwilling to give away their wealth to those who need it.  When they have the means, they turn their back on the poor.  Yes, I know that frequently the wealthy give huge sums to Church or charity, but this is very little compared to what they posess.  Jesus told the wealthy man - who, remember, was a good Jew who kept the Commandments - to sell off everything he owned and give the proceeds to the poor.  People who cannot do that to the extent that they are still living in luxary are attempting to serve two masters, which is impossible.
584559
If you want stuff, there will be bills.  \n\nWant more stuff? Get ready to pay more, unless you can get someone else to pay for it.  That's what rich people do.\n\nUsually it's the middle class that finances everything.  Get in line; it's milking time.  But sometimes this is worth it.  Somebody's gotta pay.
790893
Who is the wealthy americans and what do people call rich?  I hear a lot of discussion on this topic, but no politician wants to define this.  So be prepared when your tax bill goes up regardless of what you make.  If you make over the poverty level, you are rich.
405756
r u not rich.think again
678818
Education is very important, but that is not how you become wealthy. The secret of the rich is residual income. You cannot become wealthy trading time for dollars. The rich value their time, the not so rich value money. The rich pay us money to work 40 hrs a week while they play, enjoy their families, etc. (You've never seen a bentley stuck in rush hour traffic). While we're at work teed off, they are on the course teeing off. Once I learned their secret, I found a way to get me some and it has changed my life. Only 3% of the population gets paid through residual income, and the other 97% works for them. My residual income with TNI, a home based business I have been with for less than 2 yrs, will surpass my income and pension in the legal profession. I wish I had known about this 3 degrees and $76,000 school loans ago, but I know now. I hope this helps. Stop trading your time to build someone elses dreams. Put your time/effort to work for yourself, leverage off of the work of others, and you will become wealthy. See you at the top.
81678
In Italy where I live we say that "money does not make happiness" and this is true. Rich people usually are selfish and they think that everything is due to them because they pay. They are ready to corrupt people and even to kill, if necessary for their scope. It is much better to be rich inside, rich in our soul and spirit than just rich with money. When you are ready to give all yourself without asking anything in exchange, then you can affirm that you are spiritually rich in the deepest of yourself. Even Jesus Christ in the Gospel (sorry if the translation may not be good but English is not my mother tongue) said that it will be easier for a camel to pass through the eye of a needle than a rich person to go to heaven. There is so much more satisfaction in being poor but helpful to others than rich and trying to buy that love than you cannot obtain in a natural way and that in any case will not give you any satisfaction when obtained without good feelings.
191770
#1  Don't take advise from Broke People.\n\n#2  Seek advise from the wealthy.\n\n#3  http://www.DaveRamsey.com
898239
You need to be poor!!!
677117
The rich people become richer and not the poor, due to rich people's rich luck and Poor people's poor luck. Rich people are born with silver spoon (rather gold spoon) in their mouth, while the poor people are born with empty stomaches of their parents. The rich boy gets a fully established system of his fore-fathers, through which he is able to multiply his waelth. While on the other hand a poor man has to put hard labour on day-to-day basis even to earn his daily bread and butter.\n\nHowever, it is an intelligent question that 'what a poor must do to become rich?' The followings are a must to achieve if a poor man wants to be rich:\n\n(1) Must put sufficient labour to get adequate education somehow or the other;\n(2) Must select some professional or technical/electronic course than to seek a routine type job;\n(3) If he is poor and not able to afford course fee, he must do tuition work even up to his/her own standard. This, besides providing adequate funds for education, also give perfection in learning his/her own course material. No extra revision would be needed for the purpose of examination;\n(4) After acquiring professionalism, try some job even on apprenticeship basis to attain some practical experience. This can be done even during the education period, as theory would be perfected with the practice;\n(5) Don't hesitate to learn even from an illiterate but experience person;\n(6) If you are unable to set up your own business, try to get some good jon. After getting job, devote wholeheartedly to reform the system with the approval of your superiors. You will be able to get early promotions for your positive contribution;\n(7) You should not stick to your old job, must try to change your job with better prospects after every at least 2 years. This provides you more and more opportunities.\n\nHope, you would like some of my suggestions?
1152250
I think money is great when it comes to buying the essentials such as a home, and food, ect., but when it comes to material items I think we should learn to live without it. Some people try to buy other people's love or friendship...and that isn't right.
525622
Open an account on Marketocracy and learn about investing using virtual money - then try it for real. then start helping "poor" people to invest their money.
81065
not the way to get rich...
487846
Money might buy a lot of stuff, but the richness of family and friends, cannot be purchased by money.  I've been both and now I"m poor and happier than I've ever been in my life - my health is gone, but I have peace, joy, hope, a wonderful husband, a great son, and a family that rallies round in prayer and support.  All my past dollars couldn't buy my health, couldn't buy me peace or joy, a good husband, couldn't have turned my son into a great young man, or caused my family to rally - so if you have chosen to leave the money and gain the greater things in life, then you have chosen well!
742466
When I was a lot younger I used to spend all of my money except for a small cushion (anywhere from $100 to $1,000) that I kept in my checking account.\n\nAs I grew older, I began to realize that one day I was going to retire and that was going to require some serious cash because I wouldn't be in a position where I would be able to just go out and earn it if I needed more money.\n\nAnd so I began to save ...  I started small at first with no change in my lifestyle. As that grew, I began to feel more secure and that affected the decisions I made with spending.  The more secure I felt financially, my desire to spend money on just plain "stuff" began to evaporate.  It was a very liberating feeling.  \n\nSaving money can be an enjoyable game.  For instance, I buy frozen weight watchers and lean cuisine entrees in bulk when they go on sale for 1/3 or 1/2 off.  I keep them in the freezer in the office and I have one for lunch every single day with the exception of birthday or celebration lunches.  I keep crystal light or other drink mixes at work and use the water from the cooler.  My total lunch cost averages around $2 a day, when before it was unthinkable that I would spend less than $6 or $7 on lunch every day.  The first time I noticed how quickly that savings added up was after the first 3 weeks or so when I went to make my regular Friday ATM withdrawal and realized that I didn't need more cash because I still had $60 in my wallet.   \n\nYou have to live below your means in order to save.  Most people don't.   Many people realize too late that the time to save money was when they were still making it ... not when they become disabled or are senior citizens.\n\nI honestly think that money management and basic investing should be taught in high school because far too many people these days are growing up in households where extreme credit card debt and poor money management skills are the norm.  If no one teaches them, they will learn the hard way and we all pay when that happens.