ONE Strategic WAY to be RICH

Way To Richness - One strategic way to be rich
@whyaskq (7530)
Singapore
December 14, 2007 7:41am CST
is to HAVE 7 children, RAISE them up, make sure they MAKE money and you GET money from them when you are growing old. I am not kidding. Let's just do a simple calculation. Taking the average of JUST 1000 dollars (1K) from each child, you would have 7K and be able to live comfortably every month. You just have to visualize the 7K you can get each month and everything will fall in place. LOL. I learned this from a speaker at a seminar. He had the audience laughing including me. Friends, how about you? Are you laughing at the WAY or Are you laughing at the POTENTIAL 7K you can get each month? OR Are you skeptical like I am? This is not a joke. I know IT IS possible. I know a granny who receive at least 1K from each of her children but she only have 3 children. I know of parents who receive money from their working children. I too gave my parents money. The facts make it seem possible to be RICH when you are old :p Do you think the strategy will work? Or you have already embarked on the strategy? Or has the strategy already work for you? Let's have some fun and share your thoughts :)
5 people like this
14 responses
@I_LUV_U (2519)
• India
14 Dec 07
Hello whyaskq, This reminds me of Indian history. Earlier, in the olden times, in India most people used to be illiterate and uneducated. Their only aim in life would be to have as many children as possible. In each family, each married couple will have at least 6 to 8 children and maximum would be 12 or 14. This is not the talk of centuries old, but only a few generations back. Their plan was to get all their children educated in government schools( where fees are low or no fees) and push them through a college and make them get into a job somehow. As a result, they can suck money monthly from atleast some of their children, if not all. This tyranny and lack of education led to the population explosion in India making it the 2nd most populated nation in the world. As these children grew and became educated, they got to know of their parents' real intention, also found their parents to be illiterate and uncivilised. Once they got a job and subsequently married, they started moving apart from their parents, mainly because their educated wives would feel uncomfortable and don't get along well with their in-laws. Thus their plan failed but the population boomed. Now, though each couple have one or two children, the population growth is formidable. So, I will say that this strategy fails because the children, as they grow older will learn that their parents are only money suckers and start developing bitter feelings towards them. They might even detest and part with them.
3 people like this
@whyaskq (7530)
• Singapore
16 Dec 07
Good analysis, I_LUV_U. Coincidentally, the speaker comes from India and he too left home to seek his fortune :p
• Singapore
15 Dec 07
I think that seminar speaker is brain-fried. He must be too desperate to catch your attention in case you ask for a refund. What a stupid notion. And apparently he doesn't read the papers. Nowadays over here, the trend is that parents are giving children money even AFTER they have started working and earning a decent sum. So instead of 7k a month income, you need to find an extra 7k (make that 14k) to give to your children so that they can pay their car loans or handbag purchases. Go VISUALIZE that. Besides, he apparently is not a father (or a good one). He forgot to calculate the insane sum of money he would have spent on the key. All in all, taking the lifespans of the kids and himself into account, I think he might still be making a loss. Now multiply that loss by 7. VISUALIZE that. And the last thing is what if all 7 are raised to be bums like me? Then multiply the loss another 7 times. Go VISUALIZE that. And now, you can give me my BR and go ask for your seminar fee refund.
2 people like this
@whyaskq (7530)
• Singapore
16 Dec 07
He did succeed in catching our attention not so much for refund. It's free for most people. The key is you must be able to plan and make it happen. lol.
14 Dec 07
well i m laughing at this weired idea.well i know you can earn 1000k from one child but think of that for growing him how many dollars you have already put for atleast 18 yrs. it would be better if you invest that money in bank or property and bring 1 or 2 child from rest of money. i think this is the better idea
2 people like this
@whyaskq (7530)
• Singapore
16 Dec 07
Invest in bank? or fixed deposits you mean? That's the safest and slowest way to be rich giving today's interest rate. Sure, it would be better to invest in property provided one has the money in the first place :P
@ghatozkat (153)
• Nepal
14 Dec 07
Your idea seems to be nice, but let's say if your children turn out to be the bad ones, you will have to be the one handling their expenses. And with having a lot of children means having a lot of problems in itself. You will have to raise 7 of them, expend on 7 children for some 20 years, then only it will start yielding. So there are both pros and cons to your idea.
1 person likes this
@whyaskq (7530)
• Singapore
14 Dec 07
As long as they can make money... Well, little kids today are good at making money too :P
• Singapore
15 Dec 07
Oh yea, they can rob and steal and all. :P
1 person likes this
@whyaskq (7530)
• Singapore
16 Dec 07
Oh yea, wizard, strategy outweighs ethics :P
• Saint Lucia
14 Dec 07
your way is lame dude. did you or this guy at the seminar thought about this more clearly. i mean what if your parents or his parents thought about this same stuff? then neither you or him would exist dude!!! harsh as it may sound i am speaking the truth. you can't put a price on children they are the future, your future seeds. keep that in mind dude
1 person likes this
@whyaskq (7530)
• Singapore
16 Dec 07
isn't it every parents hope the child will grow up well and rich in future?
• Saint Lucia
17 Dec 07
so then who will take care of you when you get older? answer: your children otherwise you will just be sent to some elderly home or something.
@pree70 (525)
• India
14 Dec 07
hello there.. was very amused to go through your discussion. i am sure, people will think better before adopting family planning measures... but i have a doubt... what if those seven children turn out unworthy, and start living off their parents?? or what if they don't look after their parents in their old age? it is good that children value their parents and look after them at their old age. but there are lots who don't look at it that way. haven't you heard of the story of the milkmaid? or of the proverb 'don't count your chickens before they hatch'? i guess it will be really foolish to have children for the sake of getting rich when you are old. after all, with the heavy task of looking after seven children in your youth, what is the guarentee that you will live till then???
1 person likes this
@whyaskq (7530)
• Singapore
14 Dec 07
It's meant to be amusing, Pree. God is kind. No to worry too much. As long as you look at the end result, you will make sure the children turn out worthy :P
@pree70 (525)
• India
14 Dec 07
yes. it is very amusing.... i was just thinking beyond that.
1 person likes this
@biggerb (2028)
• India
15 Dec 07
This was happening earlier.My mother-in-law has 7 children as you say.All were raised well and all are doing well for themselves.Out of the 7 only 2 children,that is my husband and one more brother gives money towards their mother's upkeep.The other 5 just do not do anything.My idea is just provide for your children,better to have just 1 or 2 settle them well.You look into your retirement by putting away money.Dont expect anything from the children,if they give its well and good if not you wont get dissapointed.You will live with dignity.
@whyaskq (7530)
• Singapore
16 Dec 07
You will still live with dignity if the children happily gives you the money :P
• India
15 Dec 07
I am planning to have seven children, and I will keep this in mind. Right from the cradle, I will let them know I am serious about getting 1K per month from each of them each month when they start earning. Oh, I am looking forward to that passive income in my old age ;) Thanks whyaskq!
@whyaskq (7530)
• Singapore
16 Dec 07
Great! You live true to your username. Hope you plan well enough to get that passive income :)
@subha12 (18450)
• India
15 Dec 07
it is unique way of being rich as i guess. I have never heard like anything like this. But raising 7 x=children upto the time they can earn is a big big deal. its also very expensive. In my country now people always try to have 1 or atmost 2 children.its very expensive to raise children
1 person likes this
@whyaskq (7530)
• Singapore
16 Dec 07
Ever heard it's precisely because it is expensive that some parents keep the bills and claim back from their children when they are old?
@coffeeshot (3785)
• Australia
14 Dec 07
Why would your children just hand you $1000 a month? Maybe if you're lucky one of them might be that generous but kids generally don't just hand out money like that-even to their parents. and there's no guarantee they'll all have high paying jobs. and I would also like to add that if a mother even thinks about money while planning her family then that is sick.
1 person likes this
@whyaskq (7530)
• Singapore
16 Dec 07
err.. normally mothers don't think of getting rich from the kids. it's the dad :P
• United States
14 Dec 07
Umm...it really isn't funny! My husband is one of nine and his father plans on getting rich this way. As a wife in such a situation it is frustrating and angering. You see, my father-in-law asks for his support check regularly. He plans on getting 1000 from each of his children. So far it hasn't worked out. He has a 23 year old son who just graduated from college and lives at home. He has a 22 year old son (my husband) who is making about 44k a year + what we make online, but is certainly not in a position to support his father, additionally I don't ever want to do that, and we would have to making really really big money to dish out 1k a month. He has a 20 year old son who just moved out this past year and got married. He works at a deli and dabbles as a photographer. He has an 18 year old daughter going to school for library science. She doesn't plan on working long, once she is married she wants a dozen kids and she is planning on staying home with them. But she none the less will have a masters degree and will have to pay for that degree. errrr....
1 person likes this
@whyaskq (7530)
• Singapore
16 Dec 07
My apologies if it hits your nerves. I never mean to. Perhaps your father-in-law is too hasty in his dream.
14 Dec 07
No offense but I don't like the sound of it. I'd rather earn and work my hardest to achieve a better a life, but I am content with what I have and if something was to suddenly change my life and bring more fortune into my back pocket then I'd make sure to share it. Kudos, ~Joey
1 person likes this
@whyaskq (7530)
• Singapore
16 Dec 07
No offense really, Joey. It is only an open discussion. Hope I get a share of your fortune should that lucky strike materialize :P
@xuyuting (72)
• China
15 Dec 07
first it is very hard to raise 7 childern up second even you raise them up ,you can't assure that they will give you money. third when you are old ,you don't need that much money.
@whyaskq (7530)
• Singapore
16 Dec 07
You are really optimistic, xuyuting :)
@squaretile (3832)
• Singapore
17 Dec 07
haha, this might work in the past, but I won't count on it going ahead. Also, who's gonna want to have 7 kids? probably spend much more than you can 'reap' in future. the way forward would be to be independent. then your kids don't feel that you are a burden and you are free to live your life the way you want. don't have to look at anyone's face colour. :)