8.14.2012

How to become a millionaire if you are a Middle Child and likes maths

1. Be interested in mathematics.

2. Be interested in making and saving money.

3. As a child, go door-to-door and sell stuff, like chewing-gum, soft-drinks or magazines.

4. Work in a grocery store.

5. While still in high-school, make some money by selling, for example, newspapers, golf-balls, stamps and detailing cars.

6.  As a 14 year old girl or a boy, invest in a bycycle and a watch. Time is important.

7. Invest in an amusement object, like for example a pinball machine and place it in the barber shop. Invest in more machines and earn money.

8. Visit the Stock Exchange where you live. Be interested in stock exchange. Buy some shares for you and for your siblings.

9. Invest in a business and buy a farm, while still in high-school.

10. By the time you finish collage you must have accumulated more than $90 000 from your investements.

11. Enroll a Business School and get a Bachelor of Science in Business Administration.

12. Continue studying and get a Master of Science in Economics.

13. Work as an investment salesman and after that as a securities analyst.

14. Become a chairman of the same company.

15. In the twenties you must have saved appr. $120, 000 by that time.

16. Work as a Stock-broker.

17. Take a pubic speaking course and teach at a University on How to invest.

18. Try to purchase some investments, but know that they can fail too, so have a margin and don't invest everything on these objects. Try to get a feeling instead and experience of good and bad investments.

19. Marry and have children.

20. Accept a job with $105,000 a year. Work there for four years.

21. Close the partnership and start your own investment partnership. At this point you will have saved up to $1,2 million.

22.. Make more partnerships, up to eleven.

23. Invest in a textile manufacturing firm.

24. Buy and sell private businesses.

25. Acquire some sort of stock of a company and become a member of the board of directors.

26. Invest in a Newspaper company.

27. Purchase a media giant.

28. Begin selling Class A shares.

Some related stuff.


13 Steps on how to become a Millionaire as a Middle Child

1. Take interest in computers at an early age, learn more and explore the computer you have. Learn everything you  are able to learn about computers and try to improve what you know.

2.. Forme a venture with a good friend who is also interested in computers.

3. Take interests in politics and be engaged, somehow, perhaps as a representative, to get more influence and knowledge.

4. Graduate from school.

5. Enroll the Harvard College or another University.

6. Devise an algorithm as a solution to an unsolved problem.

7. Get some publicity in a published paper.

8. Spend a lot of time using the computer and also different kind of computers and learn everything. Again,  try to improve it.

9. Start your own software computer company, but talk the decision over with your parents so that they'll support you. Show how much you want to start the computer company.

10. Co-operate with some other company of software computers to gain more insights, but then, again, be independent.

11. Invest in new ideas that you have.

12. Marry and have children

13. Write a book or two with the help of a co-worker and a journalist on your field of interests.

8.11.2012

16 steps on how to become a millionaire or billionaire as an immigrant

1. Change your name into one of your new country's common names. This is very important, especially as the society has a negative vieew of Muslims today. But choose a name wisely. You don't want to have a name that you don't like for the rest of your life.

2. Be patient. Perhaps it is not you who will benefit of your hard work. Perhaps it is your children and your grand-children.

3. Learn basic business practices as early in life as you can. Perhaps you can start working as early as 12 years old with something, so that you got experience in business. Both theory and practice are important to learn and work during the studies.

4. Study some form of engineering at a good University where you live. Learn also algebra and linear programming.

5. Work as a trader for a while and learn it prudently.

6. Start a brokerage firm. A brokerage is a financial institution that facilitates the buying and selling of financial securities (for example bank notes, commons stocks and options) between a buyer and a seller, usually through the firm's agent stockbrokers. The staff is entrusted with the responsibility of researching the markets to provide appropriate recommendations and in so doing they direct the actions of pension fund managers and portfolio managers. These firms also offer margin loans for certain approved clients to purchase investments on credit, subject to agreed terms and conditions. Traditional brokerage firms have also become a source of up-to-date stock prices and quotes.

7. After you have started a brokerage firm, invest in individual businesses for example construction, manufacturing, retail and restaurants.

8. Marry. If you have started at an early age and kept on going as the list prescribes, then you will at the age of 26 be ready to marry, because you will at this stage already be a millionaire.

9. But don't stop there. Don't you want to be a billionaire? Then, continue by investing in construction, real estate and perhaps mining business.

10. Start another business that rents construction equipments.

11. Buy a printing business or part (60%) of one.

12. Form a business that has interests in industry, construction, mining, retail and food.

13.As you are rich now you can profit from your contry's contracted economy and invest in collapsed businesses, like hotels, food retails etc.

14. Continue where you began your career and start trading. For example cupper and aluminium. You can also trade chemical businesses, but a warning, it must be a chemical business of benefit for everybody including the environment with prospects.

15. Invest in communication companies.

16. Invest in car companies.

8 steps on how to become a Muslim millionaire

Let's start with a goal you CAN achieve easily by following a few guidelines:

1. Earn Income. Choose a University and job-area wisely and pay it with money that you have earnt, not with lended money with interest. The better your Collage Degree is, the better job you can have. The most profitable jobs are in the money area or as a Doctor. The best thing you can do, is to have two or more jobs at the same time. A Warning! Don't earn money from things that are haram. For example, don't work at a bank with interest, don't work with alcohol in a restaurant or a bar, don't become a prostitute to afford your collage degree, don't take off your clothes so that you will have a job as an actress, model or at an office, especially for the girls but also for the boys. It will ruin your reputation and it will lead no-where, only temporarily.

2. Get married. Choose a woman or a man who is volontarily poor for a couple of years. Marriage costs money, so plan that wisely and don't spend too much on the marriage, It is half of your religion to marry early in life. That doesn't mean that you have to have children right away. That could wait. Try to be nice to your parents so that they want to accept that you live with them for a while (years), because if you really want to earn money, then you must not spend any on your family, food or rent. Yet. You could spend the money on other things and make an investment but that is something else because this will generate money for you instead; For example you must help in charity, the poor, your parents and your wife or husband if they are in need, but don't overdo it. You must not give them a car, clothes or furnitures, but you should instead help them with food if you see that they are hungry, a house if they don't have any work that pay off their bills and electricity and water, so that they can stay clean and healthy, and of course also their hospital bills. The best thing to do, is to invest in your parents good health, that will help you later on in life.

3. Change your habits, set a goal and live within your means. You must know that if you want to achieve the goal to become a millionaire, then you can't go out on restaurants, shop everyday, buy books, lend a car, or worse, buy a car. You have to become poor for a while (years), even after you have finished your studies at the University and now earn a lot of money. If you are a Muslim, it is eas to be poor for a while. Fast as much as you can. Two times a week. This will not only decrease your outcome, it also have health-benefits. As a Muslim you don't eat too much either, it is not recommended, you don't drink expensive alcohol, you don't go out an party. All of that is haram. You don't spend any money on vacation or friends, because you don't have time for them, as you are working all the time, but you MUST spend time with your Creator, because it is HE who will give you all your money that you want to have.

4. Pray more. Every penny that you earn is from your Creator. The more you want to have money, the more you have to pray for it. But a warning. Sometimes, when you really want something, Allah will instead sacrifice something else, for example, if you want to be alone with your wife more, perhaps your parents that you live with, die, or you will lose your job. If you want to have money, then you will perhaps lose your religion, or your spouse. So pray wisely.

5. Invest time in your religion. Islam have everything you need to have success in life and in the hereafter. You can be wealthy if you have patience and it is good to be a wealthy Muslim. It is better to be a wealthy Muslim than a poor Muslim, because a good wealthy Muslim can do much good, but a poor only have his or her intentions to do good.

6. Don't take interest and don't give interest. Interest, or Ribah, is haram. Interest is a bad thing. You can be wealthy very quickly and stay wealthy, but in the next life, you will have problems, so chose wisely. Instead, invest your saved money on a portfolio and learn how to manage your portfolio. Invest your money on things that the Qur'an says are good things, like horses, gold, silver, pearls, etc.

7. Invest in a house, land or forests. The only thing that never goes down on the market are these things. But you have to be careful not to buy it with ribah, as mentioned above.

8. Have patience, because patience will be rewarded. Sometimes it takes a couple of years, sometimes 10 years. For certain people it will take 30 years, but the joy are much more. So stay patient and be sure that Allah has made this goal of yours a test for you.

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