How to get rich quickly (2/2)

In the last post I talked about getting rich quickly, and showed that it is not the amount of money you have that determines if you are rich or not. It depends more on what you can buy with the money, and even more on what you want to buy with the money.

Quote from somewhere on the internet: "If you earn 300 and only use 150 you are rich, if you earn 600 and use 601 you are poor".

Here are 3 ways to get rich quickly, they all involve pain in one form or another.

Be rich with less money
You do not have to be a millionaire to be rich, some of the riches people in the world have almost no money. Look into yourself and see that true happiness does not come from have a big house, a nice car, the finest clothes and vacations in every corner of the world. Some of the best moments in your life are just small events with friends or a loved one. Those are the things that make you rich. See that life is so much more than material things. Stop competing with your neighbours in having the fines house, car, etc. Live your life to the maximum and do it with good friends. The pain comes from having to adjust your expectations of richness to reality.

Sell yourself to the bank
You can have everything you ever dreamt of and you can have it soon. I am assuming that most of you that read this have university degrees and are currently happy sitting quietly doing research for some university, and complaining that you do not get well paid.
Well there is a way to fix that: Get some education in economics and marked yourself to financial companies. There are people out there in their 20's which are earning million of dollars, and you can be one of them if you work like hell, marked yourself, and be hungry for that promotion. Show that you are a cut above everybody else, if you have the university degree you have the brains that is need you just need to show the world how good you are. You have it in yourself, stop complaining and get off your ass.
Get that job earning yourself over a million dollar, and leverage that income to loan some more millions from the bank. The material dream can be yours, you just have to work like hell.

Inherit your wealth
One of the easiest ways to earn money is to inherit it. We will all be richer one day when our parents die as your children will get rich the day we die. If your family is dirt poor, do not worry, find some old person without any living relatives, make them happy and they will give you the money when their time has come. If you are an attractive girl in your 20's find some old guy in their 80's and marry him. For attractive guys in their 20's there are more single old women out there for you to shower with affection, they are not as likely to marry you, but they might be equally likely to leave you with some money. But from personal experience I would say that this is one of the most painful ways to get rich, not so much when an rich childless uncle of my father died, more when my only living grandmother died, and the most when I lost my only brother.

How to get rich quickly (1/2)

In my post on financial blogs I read Mirca commented "isn't there any advice/magazine/blog about how to get rich QUICKLY?"

This post (and the next one) is my attempt to answer this question. Now I will start off with saying that there is no single way to get rich that can work for everyone, there is also no single way to get rich quickly that is without PAIN. Some will read my articles and still not like my answers, to those I would tell then to go buy a ticket to a lottery and hope it is your lucky day that is their only solution.

We first start out by defining what is it to be rich, most people will tell you that to be rich is to have lots of money. That is a good definition, but it is not correct, because of one little thing we all forget and that is that money is worthless. Money is nothing, money is represented by pieces of paper, or bits representing bank accounts in some computer, but in reality they have no real value in and of themselves. Let me give you an example:


Above is the first note in the newly created national bank of Tord. They are created by a national bank and they are usable as legal tender in the country of Tord (still to be created). They are not counted in kroner or dollar, but in units. For all practical purposes this is money.

What is missing in the previous definition is that to be rich is to have lots of money, money that other people can accept in exchange for goods or services. To really define what it is to be rich we have to go deeper, we have to define it in terms of what you can do with the money.

If you want to be rich quickly, you have to find out what you wanted to do with the money before you get them. So dear reader, what would make you rich, not in terms of an amount of kroner or dollar, but in terms of what you could do with the money? If you cannot define this, then let me give you a million units and you will be rich in a flash.

More on this next post.

Financial blogs I read

There are two ways of getting more money. One is getting paid more, by getting a raise, changing jobs or taking a second job. The other way is using less, or getting more for less money. The second option is usually the better, and you can get a better life using less money. For more on this I follow these two blogs daily: The simple dollar and Get rich slowly .

For an overview of the Danish housing markets we have the following 2 part article (on a Norwegian blog which is highly negative of world markets). I can also add my own observation, when I came to Denmark November 2006, there was a sellers marked, when I left I could count 6-8 for sale signs on my way home, and I only needed 10-15 min to cycle home (downhill).