Working is described as the obligation to regularly attend and perform a designated task. An obligation that usually consumes 8 or 9 hours of one s daily life. The Rat Race , it is humorously called. Yet, most people must depend on such jobs to finance their basic necessities of life. Often, just barely.
How have some people become wealthy without restricting themselves to work? Some have been lucky enough to inherit a fortune. Others have struck it rich in lotteries or by gambling. A successful business owner, an officer in a large corporation, or a super salesman might acquire wealth through aggressive personal characteristics.
Then there are those who through manipulation, inside knowledge or proper timing have acquired a windfall by investing in the stock or commodity market.
Talented people have become rich as inventors, authors, sports figures, TV and movie stars. Professional people such as lawyers, doctors and bankers, through high fees or salaries, become wealthy.
The above situations, a matter of lick, special talent or timing, are beyond the hope of the average working man or woman. Yet, there are many opportunities for anyone to make a lot of money without relying upon luck, high education or special abilities.
First of all, those who have acquired wealth through their own personal efforts outline this advice for necessary attitudes and desires to acquire a high financial standing:
1. Go where the money is–get your share.
2. Be willing to accept and take business risks.
3. Do something positive in your search for riches.
4. Be willing to start small and grow big.
5. Be ready to jump into million dollar markets if the opportunity presents itself.
6. Use other people s money to help build your own wealth.
7. Diversify to increase your income.
8. Create, locate and market something unique and different.
Long ago, someone with a wise observation noted, working won’t make you rich. So let s review some of the methods others have used to become wealthy, and ways which you, too, can acquire riches that a salaried job will never provide.
BECOME A FINDER.
This is perhaps the easiest way to earn big money. What is a Finder? A finder is a person who brings two parties together on a transaction and collects a fee for arranging the meeting that consummated the deal. The fee may be a percentage of the transaction or a flat determined sum.
Let’s explain your role as a finder. Suppose you learn of someone who is interested in selling a large parcel of land, a building, surplus merchandise, a business, antiques, or dozens of other high-priced items. You contact this person or firm and advise that you can furnish the name of prospective buyer for a finder s fee if the sale is completed. You introduce prospective buyer to the seller by letter and let those two parties come to an agreement on the deal. You are entitled to a commission for locating the parties and arranging the meeting that resulted in completing the transaction.
Where do you find these opportunities? You may be fortunate enough to find them in your own locality. Look and ask around. Note the “For Sale” signs on large acreage or buildings. Check Wanted and For Sale listings in newspaper classified sections. The Wall Street Journal, the Business Opportunities Journal, or subscribe to some of the publications that advertise offers suitable for a finder.
Never contact the seller, except for particulars of his offer, until you have a definite buyer prospect. After your initial contact with both parties, send all correspondence concerning referrals, names and confirmation of finder’s fees by registered mail. Keep a copy of all correspondence should any legal problem arise concerning the receipt of your full and due commission.
In a similar method to the above, thousands of people are looking for money for business and commercial activities; others are seeking areas in which to invest. You can operate as a money agent, on a commission basis, by bringing together a party who seeks money with someone who is willing to lend it. Again, contact may be obtained through the methods outlined above. Don’t overlook foreign investors. The Arabs, particularly, have billions to invest. Seek such leads in publications with foreign circulation.
The fact is that the largest percentage of fortunes were made in real estate dealings… land, housing units and commercial buildings. You are aware of the tremendous growth in real estate values in recent years. This trend is almost a certainty to continue. Population growth, even increased divorce rates, creates a need for more housing, more businesses, more recreational areas, etc.
There is not guarantee that all real estate will rise in value during your lifetime. Be selective in what and where you buy. Anticipate the coming trend based on economic, energy and growth factors. Will the population growth be in the outlying areas or will people move back into urban districts. Run-down or semi-abandoned neighborhoods are often profitably renewed. Beautify a house or two in such areas and other people are anxious to do the same in that locality. Is an industrial, amusement center, or something to draw a large number of people planned for the area? If so, smart operators will begin buying property anticipating that homes and businesses will follow and real estate values rise tremendously.
Considered buying cheap unimproved land? Usually, it would produce nothing but cost you taxes, though modest in amount, until you could sell the property for profit. But, suppose you could develop it for some income producing benefit like pasture land, farming leases, flora for nurserymen, timber, hunting, camping or a recreational area? Unimproved land should be purchased only with the possibility of developing it for some money-making purpose.
OWN A BUSINESS WITH NO CASH INVESTMENT
This could be your first step to riches. Look for a business whose owner, for one or various reasons, desperately wants out but is unable to find a buyer. Perhaps due to disinterest or poor management it isn t making a profit. Offer to pay the book value from a certain percentage of profits. The owner might consider this proposal rather than chance the business failing completely. Have a lawyer draw up the transfer of ownership and the other conditions of the agreement. Most should be to your advantage.
You must, of course, consider only a business with the potential of earning good profits through your ability and efforts. A financing source should be ready to help if you need funds for expansion.
USE OTHER PEOPLE’S MONEY
How often, after you learn of a success story, have you said I wish I got into that. Why didn’t you? If money was considered a problem, it shouldn’t have been. Most wealthy people acquired riches by using other people’s money to finance their money-making opportunities. Surprisingly, money is not hard to get. For speculative endeavors, venture capital firms are receptive to a proposal with good profit potential, even with an element of risk.
BECOME A COLLECTOR
Investors or collectors who deal or trade in items that will multiply in value make big money. Some of the items that have jumped in value through the years are gems (which can be obtained from foreign producers), coins, stamps, old magazines and comic books, baseball trading cards, dolls and toys, rare books, paintings, sculptures, art objects, phonograph records, autographs, guns, etc. Always check current values; buy only at lower price. And, don’t throw out everything your wife considers trash. A piece of today’s junk might be someone’s treasure tomorrow.
You can get rich–if you really crave wealth. You must take a positive step to achieve that goal. The sooner you start, the earlier you can gain the financial rewards you seek.
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