Learning how to become rich with no money is one of the greatest (yet simplest) financial secrets of all time. It’s like producing bunnies out of a hat. At first glance, it seems like an impossible thing. But upon closer inspection, you realize just how easy the trick is.
If you want to know how to become rich with no money, read on!
Wealth Building Tip # 1: A Skillful Trade
Who needs money when you have skills? Don’t sound so surprised. The skill trade has been a part of history since the ancient times! Money isn’t the only thing that runs a nation.
In 19th century Europe, sons and daughters with dwindling accounts were still considered good marriage prospects as long as they came from titled families. Being titled might not exactly be a skill per se, but it was generally sought after by everybody then.
The same principle holds true today. In business, there are those who invest their money and there are those who invest their skills. These skills can range from something like cooking or singing, to something like marketing or managing.
If you want to become rich with no money, make sure you have something of worth to offer.
Wealth Building Tip # 2: Work, Save, Invest
Hard work and patience are two things that can make even a man with no money rich. Even if you’re just a regular employee at a company, you can easily work your way up the ladder of financial success. A lot of people call this investing in your career.
Do your job well and get promoted. However, you also have to learn how to save. To tell you the truth, you probably don’t need half of what you’re spending your wages on anyway. Be frugal with your cash. Set aside money for retirement, for investment and for emergencies.
You need to get yourself some financial education. Learn ways to make the most out of the available cash you have. Read books on investment and growing your money, so that your financial assets can produce good returns instead of just lying around.
Wealth Building Tip # 3: Buy and Sell
A lot of people who became rich with no money started with the buy and sell business. The concept is simple. Buy it cheap and sell it big.
If you’re completely new to this thing, why don’t you start with items that are already inside your house? Did you get two of the same gifts for your birthday? Don’t hesitate to sell one of them on eBay. Do you have a ton of junk in your garage? Hold a garage sale and make money out of your trash.
Now that you know how to become rich with no money involved, I will leave it to you to decide how you’ll get started.
Source by Michael Lee