How do you plan to be Rich?

[crook]

The secret question each one of us should ask to ourselves! "How do I plan to be Rich?"

Everyone wants to be Rich ! But how? Is there a plan which works for all the Engineers? Would you mind sharing your ideas of making & growing money with others?

Let us discuss!!

[desijays]

Originally Posted by crook

The secret question each one of us should ask to ourselves! "How do I plan to be Rich?"

Everyone wants to be Rich ! But how? Is there a plan which works for all the Engineers? Would you mind sharing your ideas of making & growing money with others?

Let us discuss!!

as an induvidual we are limited by the skills and profeciencies inherent in us.

but as a community we can leverage the skills and profeciencies between ourselves.

And then we can use that power to create something that has never been. To make the world a better place. Im sure this is in line with carved out agenda of 'crazy engineers'.

As a consequence we get rich together.... intellectually and monetarily.

So the way to get rich would be to learn, collaborate and create

[The_Big_K]

@Crook : Yet-another-good-thread, Mr. Crook

@Desijays : Perfect!

Creating wealth is the answer and we @ CrazyEngineers will do that in the coming days.

However, I think crook is looking for something more. Probably, the discussion is about investing, real estate & the techniques of growing money. Crook, correct me if I'm wrong.

As far as my story goes, I have not yet started investing money .

-The Big K-

[integratdbrains]

Investing should always be a priority for eveyone. A penny invested wisely today will yield you dollars in future. So when spending dollars today why not sepnd that penny too in investing?
Be wise and spendthrift also today!

[The_Big_K]

Originally Posted by integratdbrains

Investing should always be a priority for eveyone. A penny invested wisely today will yield you dollars in future. So when spending dollars today why not sepnd that penny too in investing?
Be wise and spendthrift also today!

Let me extend this further. Everyone knows that investing helps. But only a few of us know what to invest in.

As I see, most of us depend on Mutual Funds. I'm yet to meet anyone (there are exceptions) who invested in mutual funds & got rich.

Let me define the 'Rich' here. Anyone who makes an yearly income of USD 1 million can be considered as Rich, say what?

Of course, the definition is different for everyone. But let's have a 1m/annum as our benchmark.

-The Big K-

[integratdbrains]

Let me define the 'Rich' here. Anyone who makes an yearly income of USD 1 million can be considered as Rich, say what?

I would like to add to it,lets get our basics clear that we cannot (for an average general individual even if he slogs) 'earn' USD 1 million so we ought to sought out the others ways i.e. through investments and trading. Mutual funds are an easy way out and just one of the many ways to increase your income (as rightly said by kaustubh).

[integratdbrains]

Let me define the 'Rich' here. Anyone who makes an yearly income of USD 1 million can be considered as Rich, say what?

I would like to add to it,lets get our basics clear that we cannot (for an average general individual even if he slogs) 'earn' USD 1 million so we ought to sought out the others ways i.e. through investments and trading. Mutual funds are an easy way out and just one of the many ways to increase your income (as rightly said by kaustubh).

[Jerry]

If you are good investor, you will seek many ways of good investing. Has anyone among us tried investing in businesses? Its a huge risk investment, but the returns are unbelievable.

I always look out for startups and put my money in them. I've been successful so far, except (of course) in few deals. That's my plan to be Rich

[crazyboy]

Originally Posted by integratdbrains

Let me define the 'Rich' here. Anyone who makes an yearly income of USD 1 million can be considered as Rich, say what?

I would like to add to it,lets get our basics clear that we cannot (for an average general individual even if he slogs) 'earn' USD 1 million so we ought to sought out the others ways i.e. through investments and trading. Mutual funds are an easy way out and just one of the many ways to increase your income (as rightly said by kaustubh).

Rich is a relative term... for you earning 1 million is rich.
Ask Mr mittal do he count 1 million.?

Awaiting answer??

--Crazy

[crook]

Originally Posted by crazyboy

Rich is a relative term... for you earning 1 million is rich.
Ask Mr mittal do he count 1 million.?

Awaiting answer??

--Crazy

1 million is just a benchmark. The idea behind this thread is to seek various ways of generating money or growing money.

As Jerry said, investing in business can be a very good option. It would be nice if Jerry writes about investing in business.