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How to get RICH!

Discussion in 'BlackHat Lounge' started by rulingim, Feb 17, 2013.

  1. rulingim

    rulingim Newbie

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    I found this video very useful. Thought of sharing it here :)

    youtube.com/watch?v=CV7hAAcApnE [Cant embed it myself here due to restrictions. If someone can do it for me it would be great]
     
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  2. rettaibi

    rettaibi Regular Member

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    What a BS video, too generally
     
    Last edited by a moderator: May 18, 2016
  3. Aaric

    Aaric Elite Member

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    What is RICH?
     
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  4. BrianKade001

    BrianKade001 BANNED BANNED

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    I am doing it for you. But, the simple formula to make money in IM or any business is following:


    1. Get an idea ( A method you believe in and on which you can spend following months without any doubt)
    2. Set a goal.
    3. Amass all the knowledge you need to work on that idea.
    4. Make a plan
    5. Work hard. ( Make it the purpose of your life. Walk, sleep and eat with that idea. )
    6. Assess regularly.
    7. Get in contact with same-minded people and share views.
    8. And again work hard on your goal.

    Here's your video:


     
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    Last edited by a moderator: May 18, 2016
  5. ferma231

    ferma231 Elite Member

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    Stupid video thats all i can say
    Dont really explain anything, just BUY ASSETS And you will be rich, then everyone would do that and become millionaires
    :)
     
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  6. unclemike

    unclemike BANNED BANNED

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    A large part to attaining wealth is living on less than you earn.

    Cheers
     
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  7. rulingim

    rulingim Newbie

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    lol why do you all think its a stupid video. Please explain
     
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  8. Junkfood00

    Junkfood00 Elite Member

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    I wouldn't call it stupid, it just simplified the reality a lot. And acquiring assets is not easy as it sound, you don't always make money with stocks unless you're an expert who can minimize the risks.
     
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  9. rettaibi

    rettaibi Regular Member

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    I think you should explain why you think it is a good video. :p
     
  10. ferma231

    ferma231 Elite Member

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    Kinda, but if you look at it, its just wanna tell : BUY ASSETS.
    If you buy assets without thinking , research etc. im sure you will get poor.

    They should tell that need to buy right things not overall.
     
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  11. unclemike

    unclemike BANNED BANNED

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    Successful people knowing the key to marketing is having people buy assets in which they own.
    So yes your right you can spend money on toilets. Their assets...But what are they worth?
     
  12. BrianKade001

    BrianKade001 BANNED BANNED

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    Rich Dad. Poor Dad talks a lot about buying property and investing on assets. It's a great book and should be made a must-read for kids above 15 age.
     
  13. Norville

    Norville Newbie

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    Uncle Mike, that is so true. As the great writer Charles Dickens said: Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.
     
  14. NProductions

    NProductions Jr. VIP Jr. VIP Premium Member

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    Work hard.. Play Hard. ( success = 10000% $$$$ )
     
  15. rulingim

    rulingim Newbie

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    I know the video is pretty basic but as we all know that kids start spending on useless stuffs nowaday's once they start earning. If they would reinvest the same or part of it in their business or maybe save up for real estate,Gold etc then they could double up the money.

    And ferma is right about investing in right things. You should do proper research before investing and I am sure you won't be that stupid to invest in toilets as unclemike said :p
     
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  16. ferma231

    ferma231 Elite Member

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    I know, i have read that book and few other his books.

    Passive income is road to wealth :)
     
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  17. christianbed

    christianbed Jr. VIP Jr. VIP Premium Member

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    1. Sell a good/service for more than it costs to purchase/create
    2. Spend less than you earn
    3. The more you do it, the richer you become