Will i ever get rich working for someone else?
Answers: You can. Use the job to provide basic income, health insurance and retirement savings (Social security, etc.) In you free time start a small business or study investments. My uncle acquired quite a fortune this way.
Yes you can get rich working for someone else, however, it will take you 30 to 40 years.
Once you understand this, you can have peace of mind.
Depends on the business and how "generous" your bosses are. I know lots of people who work for very good companies & bosses and pull in a six-figure income... I consider that to be decently "rich"
If you want to know if you can become some sort of multi-millionaire working for someone else... that might depend on stock options & investments & eventual partnerships in the company you're working for.
Yes...Be certain..Work for the narcos. The trick is not how long will you live but how intensively you can live your life...
As for me ?...I don't want to be rich... Being just happy is my wealth...
(By the way...If you work, it is always for someone else...)
Yep. It's all connected to what you do with your money, not how you get that money in the first place.
Many people get rich through investments, either the sharemarket, or property. I like property, myself. They use the job that they have (working for someone else) to secure a mortgage on a property, usually their primary home. Then, once they have paid off the mortgage as fast as they can, they use the equity in the home as a downpayment for another house. Owning their primary residence means they only pay council rates and bills, which slices their average cost of living in half, because there is now no 'rent' on their living costs.
This second house they rent out to renters. The rent, plus their own contributions to the new mortgage on the second house, pays it off even faster. When it gets to an acceptable level, they use the equity in that home to buy another home, and rent that out. They use the income from the new renters, and their own small contributions, to pay off the house to an acceptable level, and then buy another house, which they rent out.
Can you see a pattern? Some people do this exponentially. Some people become rich from doing this. Eventually their rental income becomes larger than their take home pay income from their job. To get a mortgage, you need the job to begin with. The rest is good investing practice.
To make money, you need initial cash flow so that you have something to invest. Working for someone else is how most of us get this money. If you use money in a clever way, instead of spending it all on consumer crap like plasma screen televisions, brand new cars and car loans, credit card debt, soft drink, and entertainment, that money earns you money, which later has increased in value so that you could buy as many consumer goods as you like.
That's my plan. I'm paying my house off in 5 years.
Best wishes
In 2009 we will have to pay the money back from the simulus plan ?
Answers: read the article from CNN.com this past Friday and you will see that it is actually an advance on next year's refund. So, the money you will get back this time next year will be reduced by what you get in the stimulus check. The IRS is still considering whether it is taxable
Yep.
Do your accounts enjoy to surrounded by collection or severely delinquent within decree to profile ruin?
I have accumulate alot of debt and I am bearly able to formulate the minimum payments. I have seriously considered collapse. Don't know if credit counseling or debt consolidation would be other options available to me? I am outstandingly frustrated and embarressed.Answers: no
you can file BK any time that your obligation become unbearable [debts greater than assets and/or outflows greater than incoming, or close], as long as you've not file within the statutory interval since your last BK.
a BK attorney can insist on you of the chances that you'll bring back reasonable nouns.
I know the bankruptcy law have changed so I would look into it and possibly get a consultation near a Bankruptcy Attorney. As far as credit counseling It's a good passageway to go and for the most cog it doesn't destroy your credit although next to major purchases it can look similar to a bankruptcy.
I would be enormously careful next to the company that you choose. We went through Consumer Credit Counseling and they did great for us. My sister otherwise used a different agency and by the time she took her stuff back over she be worse than when she started. Be careful and be sure to research the company that you choose should you choose to run this way. Good Luck and God Bless.