Here's a few tips on getting rich:

1.Don't use your overtime money to get a new house/cars - this is trouble when recession happens and you can only spent your basic pay money.

2.Buy only things that you really need - avoid expensive magazines , dresses , shoes or things that u just wanna show off.

please add your own.....

3. make a spend after you save.

1. Live below your means
2. Absolutely Pay Bills Monthly
3. Create an Emergency Reserve
4. Use Credit Only With a Plan
5. Get Family Commitments
6. Reward Results

don't use credit card if its not necessary

The truth is, you may or may not be able to become rich by saving money. The key is to invest the saved money in the right places and at the right time. And only then will the returns be good to make you rich.

Get help from a professional financial planner. Find one here - http://www.respond.com/financial-planners/find.html

You will find some really informed planners and advisors here.

Buy only things that you really need
don't use credit card if its not necessary


My mama and dad teach me that all when I was young!
And your parents not?

Never use a credit card, pay your bills on time, save 20% of your income!

[*]Excellent list...but I would say you don't have to live below your means neither above your means.
[*]Always know your place and be responsible in your expenses (spendings).
[*]Use credit card only if you are planning to pay it off immediately (don't incur / carry over balance only to pay hefty interest to cc company).
[*]Use other people's money to make money.
[*]Finally create wealth like the wealthy, do it in your 'free-time'!

Just saving money would never make you rich.
My parents have always told me that I must be well educated to earn more money. They were right. I always prefered to buy useful books instead of expensive clothes, for example. I finished university and this was great! Good education is a key to wealth!

People, you should earn more money instead of trying to cut your expenses and save small money.

This post has been edited by dyktator: Jan 27 2009, 01:05 AM

I got a question for you dude. Yoy really did get good univerisity education, can you tell me but please try to be ownest, how much money do you make each month?

I agree; saving money alone will never make you rich. You need to invest into something. To make your money grow you will need some investments, it could be cash, bond or trading.

That's right! Don't use credit cards and live only below your means. If you want to be debt-free, follow these two important reminders.

Every body find really hard to manage money. I would like to suggest "Do time to time planning according your budget available" and spend wisely.

Evaluate the income and do not go beyond it and set a certain amount for savings. Expenses should be the difference between income and savings.

What this all really sums up is that you need a budget plan. A budget isn't necessarily a get rich quick scheme, but you'd be surprised at the amount of money that you'll be able to save up every month.

Now something to help you get rich would be to use the money you save up every month and put it in to a stable mutual fund or putting it into another form of business. You can even buy a house and put it up for rent. These things are not out of reach, all you have to remember is that you need security while you spend. So security first, spend later.

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