Get Rich
How do the rich get rich young through investing?
It seems that if you invest well then you can retire with an acceptable income.
However I have met people who started poor and yet are rich in their early thirties.
When you ask them how they just smile and say something vague.
So how is it done. Suggestions?
They smile because there is no simple answer. So many options today. I think a major point is diversification . Put small amounts of money in various places. When you visit say, a bank and speak to a rep there and tell them that you want to invest they will have a lot of options for you. Safe, mid safe and risk. As a young person you can take a risk or mid risk and your money will build faster for you in the risk category. The thing is you have to watch it always. Make sure that if there is a downturn in Asia then you move your money to the North America stocks. Have some bonds, debentures, a few stocks and if you can save some money, real estate is always a good investment. Save a down payment, buy a small house and rent it out and the renter pays your mortgage for you basically. Then by the time you are in your 30s you too will be smiling like the people you have asked. Good luck. Ask the people at the bank. You don’t have to make any commitment just get some info. Information ( knowledge) is power.
Goodie Mob – Get Rich to This
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