what are the formulae to become rich

India
July 10, 2007 3:01pm CST
if you ask me,i will say to do work with presence of mind.what will you say?what is your formulae or mantra?say spontaneously.
1 person likes this
5 responses
• Columbus, Ohio
12 Jul 07
First part of the formula is to spend less than you make. Then you need to invest the rest wisely. Absolutely anyone can become rich if they simply do that. Unfortunately, people try to make more instead. If you never learn to save more your increased income just allows you to spend more instead of making you rich.
@majkel (37)
• Poland
23 Nov 07
The key of being rich is that you can spend the money. The key of making money is to spend it.
• Philippines
5 Jun 08
Bargingirl said it all. There is only one way to get rich and that is as she says "spend less than you earn" Everything we do is dedicated to those 5 words (or should be). It takes commitment, consistency and starting with a goal in mind. Living life by commitment and not by circumstances is an essential part of success. Tim
• United States
24 Nov 07
I would say the only way to get rich is to save more than you spend, get an interest-yielding savings account, and don't buy things you don't need.
• United States
24 Nov 07
I believe the formulae has to be discipline, discipline, discipline. First discipline with attaining the right knowledge to help you succeed. Second, discipline with applying those knowledge and start earning. Third, discipline with not overspending.
@jbrooks0127 (2326)
• United States
10 Jul 07
To begin saving at a young age in a place that will yeald a decent return and never take it out until retirement.