Question:

How can I become insanely rich?

by  |  earlier

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i'm pretty smart, rather pretty, and have a nice personality and like many other people, want to be rich. Does anyone have any ideas?...i don't really care how outrageous the ideas are

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  1. Seems like the easiest way is to marry someone who is pretty wealthy, if what you say is true you may have enough of the qualities needed.


  2. Of the three, "pretty smart" is most likely to make you rich.

    The other two are not likely to help. There are lots of "rather pretty" people. It doesn't make you special, and it probably won't make you rich. "a nice personality" is great. It will gain you lots of friends (which is more important than money anyway), but it won't make you rich.

    However, only luck will make you "insanely" rich.

  3. Put $500/month, every month, into a Roth IRA.

    Then find 4 mutual funds (one from each category) that have gained an average of 10%+ over the last 10+ years, and park it for 40 years.

    Growth Stock Mutual Fund

    Growth and Income Mutual Fund

    Aggressive Growth Stock Mutual Fund

    International Stock Mutual Fund

    Why the 10/10 rule?

    Because if a mutual fund can turn $10,000 into $25,000, despite:

    The dot.com crash (2000)

    September 11 (2001)

    8 years of doom & gloom (The media vs. Bush's Presidency)

    The housing bubble

    The oil bubble

    The weak dollar,

    etc. etc. etc.

    But it still went from $10,000 to $25,000?

    That's where to park the money, and just let it simmer for 30-40 years.

    ----------------------

    Investing in mutual funds is like cooking great BBQ.

    You can't do it fast.  It has to slow-cook for a long time.

  4. U could go into psychology which could pay a lot or be very good with computers and get into somewhere big.

  5. become a s**t

  6. be a CEO, or try to get a reality show (im hot too, we'll be the next paris & nicole =p)

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