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szyzygy 01-18-2012 11:57 AM

How do I get rich
 
I want a newer porsche. Those cost more than I can afford. Do I pretty much need to own my own business to get rich? What did you guys do to get rich?
I have very little capital. Plus I'm married with kids and my wife doesn't work.
I'm a numbers guy and credentialed. I do ok, but not for socal.
Thinking of starting my own company. I know how well those annuity wholesalers and reps do, I want a slice of that action. this needs to be something I can do outside of my regular job, at least while I get started.

Any of you rich dudes out there, please share your success stories and advice.

pwd72s 01-18-2012 11:59 AM

6-14-21-33-34-42 Keep trying. :rolleyes:

szyzygy 01-18-2012 12:04 PM

I should be playing the lotto, good advice. I just need to stay away from vegas.

legion 01-18-2012 12:04 PM

You need to produce more economic activity than you consume by a wide-enough gap to cover what you want to buy.

GH85Carrera 01-18-2012 12:05 PM

Just write a great novel that gets made into a hit movie or write and sing a top hit song.

Invent a neat gadget that everyone needs or wants.

Get real good at golf.

asphaltgambler 01-18-2012 12:06 PM

OR .......find a sugar momma.......eeeeeeeeeeaasy way to do it

uncle_scott 01-18-2012 12:09 PM

Sugar Momma. That is my next plan. Screw marrying for love, I am hitching the next one up for money. :)

szyzygy 01-18-2012 12:24 PM

I'm already married. No sugar mama for me.
Although her money would be nice, what if shes really ugly? I wouldn't even be able to get it up to satisfy her and earn my keep

M.D. Holloway 01-18-2012 12:31 PM

thats why your eyes have lids...

RWebb 01-18-2012 12:35 PM

Buy a large warehouse or old church etc. in downtown Detroit.

Fix it up for apts., condos or even an urban hotel.

You will make a LOT of $$

porsche4life 01-18-2012 12:41 PM

I'm planning on using my young looks to find me a good lookin sugar momma... ;)


And no, it hasn't worked yet...


Plan B is to be a ruthless business man and make my millions on the backs of my employees...

vash 01-18-2012 12:49 PM

Make yourself really good looking and smart. Go from there!

szyzygy 01-18-2012 12:51 PM

Quote:

Originally Posted by vash (Post 6502111)
Make yourself really good looking and smart. Go from there!

I need to dress bettet, good point.

targa911S 01-18-2012 12:54 PM

Hookers and blow. Illegal fire arms to mexico. there are lots of ways.

Jrboulder 01-18-2012 12:57 PM

Quote:

Originally Posted by Gordon Gekko
The most valuable commodity I know of is information, wouldn't you agree?

...

HardDrive 01-18-2012 01:17 PM

Your free to borrow my strategy: Knock up an anesthesiologist.

porsche4life 01-18-2012 01:18 PM

You'd think they would be smart enough to not let that happen...

teenerted1 01-18-2012 01:25 PM

put the wife to work for starters

svandamme 01-18-2012 01:26 PM

For one thing you will have to stop thinking about Porsches.. if the goal is to be rich, you gotta focus about thinking about making money... not spending much money, not loosing money, making sure your money turns in to more money.. Basically you gotta be on the case 24/7 and work hard for a bunch of years..

Then at some point in the future, you might end up being rich enough to be able to pay for a Porsche out of pocket.. If you can't do it out of pocket, you are basically impatient and not rich enough to be called "rich".

pavulon 01-18-2012 01:29 PM

law school followed directly by medical school and then an anesthesia residency--->turn expert witness. mo money, mo money, mo money.

Dueller 01-18-2012 01:35 PM

Quote:

Originally Posted by pavulon (Post 6502228)
law school followed directly by medical school and then an anesthesia residency--->turn expert witness. mo money, mo money, mo money.

I was in law school with an anesthesiologist who was there on disability....drawing $13K/mo because he was disabled due to drug addiction. L keed u not.

Shuie 01-18-2012 01:42 PM

Go into Politics.

Amail 01-18-2012 01:48 PM

How To Get Rich
  1. Pick something you absolutely love doing
  2. Learn everything you can about it. Become an expert in it. Get to the point where you are contributing more to the body of knowledge than you take from it.
  3. Be a frequent and active voice in your field. The idea is to build your brand.
  4. Learn business ethics and be ruthless about adhering to it. People must trust your brand.
  5. Do this thing for people, and give them more than they ask for. Be over the top with customer service - it's a dying art, and people are grateful for it.
  6. Once people know your work ethic (or product), and associate it with your brand, you have set the stage to really grow.

I don't care what the product or service is. A guy that kicks ass washing peoples' nasty trash cans will do quite well.

With business, it's not the idea that makes the money - it's the implementation.

scottbombedout 01-18-2012 01:53 PM

Quote:

Originally Posted by szyzygy (Post 6502050)
I'm already married. No sugar mama for me.
Although her money would be nice, what if shes really ugly? I wouldn't even be able to get it up to satisfy her and earn my keep

When you are giving her one use 2 paper bags. One for her head and one for yours in case hers comes off.

pwd72s 01-18-2012 01:53 PM

Quote:

Originally Posted by targa911S (Post 6502128)
Illegal fire arms to mexico.

Seems like the BATF already cornered that market.

pwd72s 01-18-2012 01:55 PM

Quote:

Originally Posted by Dueller (Post 6502265)
I was in law school with an anesthesiologist who was there on disability....drawing $13K/mo because he was disabled due to drug addiction. L keed u not.

Is this a great country, or what???

ForBell 01-18-2012 02:11 PM

stop having kids, to start
get painfully frugal
put your woman to work (day care)
then parlay your money

szyzygy 01-18-2012 02:17 PM

The wife would work for me if I start my own company.

I get requests to be an expert witness all the time. I thought it was a scam.

AirKuhl 01-18-2012 02:17 PM

Easy. List out what you are willing to give up to get rich. The value of what you give up will roughly equal what you get.

szyzygy 01-18-2012 02:18 PM

Quote:

Originally Posted by scottbombedout (Post 6502323)
When you are giving her one use 2 paper bags. One for her head and one for yours in case hers comes off.

Ah, the old arkansas two bagger

szyzygy 01-18-2012 02:19 PM

Quote:

Originally Posted by Shuie (Post 6502282)
Go into Politics.

To many things I've done that I don't want anyone to know about for that.

RSBob 01-18-2012 02:19 PM

Skip getting rich and learn how to steal cars so you can boost a new one at the dealer. (and then drive it like you stole it)

Gogar 01-18-2012 02:24 PM

What do you like doing?

I mean . . . . besides "getting rich?" whatever the fk that is.

tabs 01-18-2012 02:24 PM

Quote:

Originally Posted by porsche4life (Post 6502097)
I'm planning on using my young looks to find me a good lookin sugar momma... ;)


And no, it hasn't worked yet...


Plan B is to be a ruthless business man and make my millions on the backs of my employees...

Pass the Dust he thinks he is Romney

szyzygy 01-18-2012 02:29 PM

Quote:

Originally Posted by RSBob (Post 6502396)
Skip getting rich and learn how to steal cars so you can boost a new one at the dealer. (and then drive it like you stole it)

Like in that other thread?

szyzygy 01-18-2012 02:30 PM

Quote:

Originally Posted by Gogar (Post 6502411)
What do you like doing?

I mean . . . . besides "getting rich?" whatever the fk that is.

I like playing guitar, running, video games, learning about cars.

K9Torro 01-18-2012 02:35 PM

Get elected to Congress or get appointed as a federal judge...

T SmileWavy

ronster 01-18-2012 02:36 PM

Invest in the sins alcohol, tobacco, prostitution, gambling (don't gamble invest in gambling) and last but not least invest in death. Yep, open a mortuary, embalming business or crematory. Everybody gotta die sometime.

Paul K 01-18-2012 02:38 PM

Quote:

Originally Posted by ForBell (Post 6502374)
stop having kids, to start

That will really help. You basically have two options;

1. Go horribly into debt.

2. Be patient.

Both suck.

Depends on how bad you want one!

tabs 01-18-2012 02:39 PM

Quote:

Originally Posted by szyzygy (Post 6501970)
I want a newer porsche. Those cost more than I can afford. Do I pretty much need to own my own business to get rich? What did you guys do to get rich?
I have very little capital. Plus I'm married with kids and my wife doesn't work.
I'm a numbers guy and credentialed. I do ok, but not for socal.
Thinking of starting my own company. I know how well those annuity wholesalers and reps do, I want a slice of that action. this needs to be something I can do outside of my regular job, at least while I get started.

Any of you rich dudes out there, please share your success stories and advice.

First problem is that you don't think like rich folks do...rich folks wnat the money and not the Porsche..Porsche is OVERHEAD EXPENSE...

You got a day job, now you need a part-time business where your wife can contribute. Something you like that can make you some dinero..that you can save (low overhead expense). YOu will need to put in a bunch of years living at the bone..to build up capital. Way below income level. Ten years ago I could have suggested where you could have put that capital, but now...everything is a role of the dice...

All in all I think Big Cap stocks that pay healthy dividends along with Google and Apple are still good bets. Perhaps rental property


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