Comments on: You Can’t Get Rich on a Salary!

By: harvey navarro

harvey navarro — Mon, 10 Oct 2011 20:19:21 +0000

being Rich is being able to do what you want to do when you want to do it

By: raidragon

raidragon — Sun, 02 Oct 2011 10:17:05 +0000

I agree on rich depend on the person….the problem is: I know a lot of “rich” person that have coal mine, oil, gold ,etc and they cbf buying private island or jet just because they can travel in 1st class and concentrate on doing other things except on how they gonna waste their money.

By: Abhishek Goyal

Abhishek Goyal — Mon, 13 Dec 2010 17:40:53 +0000

i am an INDIAN who sees future very unsecured due to having private sector job. actually in india if you are having a govt. sector job you are suppose to be a better than any thing else .

One thing this article has given me Wisdom “i’ll be soon investing in myself”

Regards

Abhishek Goyal

Faridabad INDIA, Delhi NCR region

By: Nishant Sood

Nishant Sood — Thu, 11 Nov 2010 09:21:40 +0000

Very FIne!said THE GREAT! EXAMPLES ARE:
1)David Gaffen (Dreamworks SKG)
2)Li-Ka Shing (IN TOP 10 forbes list)
3)Oprah Winfrey.
4)Many more

By: Chris

Chris — Wed, 30 Jun 2010 02:44:49 +0000

I’m dead broke and want to become well to do.

By: Newton

Newton — Thu, 01 Oct 2009 18:09:26 +0000

There are enough hard working poor MBA’s with “decent salaries” (myself included) while there are persons without even a high school education who operate their own business and live a good life to prove the point.

By: Robert Teshaky

Robert Teshaky — Thu, 01 Oct 2009 18:07:25 +0000

The concept of this should be this way.
Salary is for worker, the boss who pay salary should have more money to do so, so logic say the boss have more salary than worker.

This is a micro and macro concept here, example, worker in company get monthly income less than what company own/earn. And there is another people who buy others company or merge them, that is tycoon type of rich, rare, but on top of all this small circle of worker salary and small company.

Bear in mind that many company lost money and all worker add up may earn more than the boss have.
In that way the strategist suggest use other people money to invest, if success, yours bonus, if not , the other guy lost.

Same as listed company circumtances.

so there is people work their time for company, company get investor money, top tier people give and take and control that investor money.

I think the best way is ” get every sure % of profit from the every $ of salary you pay” this is the only sure rich way.
The more salary you pay, the more you sure earn.
Every investment main concern is “sure/ guarantee yield.”

This happen in many thing, CD business, Michale jackson cd, Amazon e book, credit card business.Government income tax,
hary potter book,…..and you see the wealth come from well risk management , example, Harry potter book, if the cost and sell price is 5 time, than every 1 book sold, 4 book if free of cost, make thing free of cost is a solid foundation of wealth castle.

By: Robert Teshaky

Robert Teshaky — Thu, 01 Oct 2009 17:52:04 +0000

Getting rich by salary is related to how much the salary is, there are people who earn 100 k per per year on salary alone and some one earn 15 k per year.
that is 10 time different,also, salary make a secure start up and less risky platform to implement strategies that work or lose on employer account.
relatively, people with 10 time of salary seem faster 10 time in saving and have more capital to invest side line and also other value increase over time investment on some financial tools.

It is advisible to get “enough capital” by high salary at begining but not for the whole life when have other more higher bottom line income, then invest right investment at much younger time of life that enjoy component interest that surely cause million at 25 years later say the growth rate is 27% per year, that make capital 2 fold in 4-5 years.

By: J

Thu, 01 Oct 2009 03:40:41 +0000

how many people do you know who pay $600/month for all those expenses you listed below…really?

By: Yusri

Yusri — Thu, 01 Oct 2009 00:08:23 +0000

I do agree that we will never be rich solely from our salary unless we are at the top of the organization hierarchy earning at least five figure salary per month and not many people can achieve that. Then again being rich is subjective. For me, being rich does not only encompass on materials things but more importantly our attitude and the feelings we have inside. No satisfaction if I have much money and at the same time being arrogant, ignorant, proud and all those bad habits inside me. Is this not so? Being rich is good if you know how to handle it (just like anything else in our daily lives!). To wrap up, its up to the individual to choose whether he/she wants to become rich or not. The choice is ours!