Get rich fairly quick
Poll: Get rich fairly quick
Total Members Polled: 359
Discussion
Rich is such a relative thing. I have never met anyone yet who actually considers themselves rich. Probably because they are ambitious.
To most of the population my family would probably be considered rich. But I look to my school friends and think of them as rich because in there company I’m relatively poor.
It’s basically a point of view there will nearly always be something you want that you can’t afford like an island or fleet of super yachts to go with your fleet of cars.
To most of the population my family would probably be considered rich. But I look to my school friends and think of them as rich because in there company I’m relatively poor.
It’s basically a point of view there will nearly always be something you want that you can’t afford like an island or fleet of super yachts to go with your fleet of cars.
One way and one way only short of crime and lottery winning blind luck... start your own business and grow it into something substantial. In order to do that you need not only some kind of edge or angle that others don't have or haven't seen, but also either have nothing to lose in the first place (unemployed/dead-end job) or be prepared to ignore the colossal risks that are involved with quitting a well-paid job and concomitant lifestyle, and then sinking your savings into that putative enterprise.
Even if you're somehow able to achieve the above it's unlikely you'll be fulfilling the 'quick' part of the thread's title. For the first few years at least you'll almost certainly be ploughing profits back into the business to fuel further growth. Still, bottom line is that I know of no other vaguely realistic way to potentially get seriously rich.
Even if you're somehow able to achieve the above it's unlikely you'll be fulfilling the 'quick' part of the thread's title. For the first few years at least you'll almost certainly be ploughing profits back into the business to fuel further growth. Still, bottom line is that I know of no other vaguely realistic way to potentially get seriously rich.
av185 said:
Although an inheritance does not automatically mean get rich quick(ly).
Depends on the amount.
Five words:
'Born with a silver spoon.'
But I prefer to actually work for my millions.
Really? I'd prefer to be a millionaire with zero effort on my part, and I can then spend my life doing what I please. Depends on the amount.
Five words:
'Born with a silver spoon.'
But I prefer to actually work for my millions.
Sadly it is not the case.
Integroo said:
av185 said:
Although an inheritance does not automatically mean get rich quick(ly).
Depends on the amount.
Five words:
'Born with a silver spoon.'
But I prefer to actually work for my millions.
Really? I'd prefer to be a millionaire with zero effort on my part, and I can then spend my life doing what I please. Depends on the amount.
Five words:
'Born with a silver spoon.'
But I prefer to actually work for my millions.
Sadly it is not the case.
But everyone is different. I never understood why he didn’t find a hobby to occupy his mind. Personally I would have thrown myself into motorsport if I was him.
I'm sure it's been said, but it's rare to get rich by working for someone else.
There are exceptions of course, but you would likely know by now, if you are an exception or not.
So a business it is. If you want to combine with crime, maybe something like VAT fraud?
Otherwise I think easiest way to make money quick in business is to be middle man of some kind. Get in the chain.
There are exceptions of course, but you would likely know by now, if you are an exception or not.
So a business it is. If you want to combine with crime, maybe something like VAT fraud?
Otherwise I think easiest way to make money quick in business is to be middle man of some kind. Get in the chain.
sambucket said:
I'm sure it's been said, but it's rare to get rich by working for someone else.
There are exceptions of course, but you would likely know by now, if you are an exception or not.
So a business it is. If you want to combine with crime, maybe something like VAT fraud?
Otherwise I think easiest way to make money quick in business is to be middle man of some kind. Get in the chain.
Plenty of people work in Banking, and other well-reimbursed industries (at senior levels, admittedly) who’ve got yachts, bought islands and either own megabucks mansions on the Côte d'Azur or $10m apartments just off Fifth. Loads. There are exceptions of course, but you would likely know by now, if you are an exception or not.
So a business it is. If you want to combine with crime, maybe something like VAT fraud?
Otherwise I think easiest way to make money quick in business is to be middle man of some kind. Get in the chain.
But like anything, they’ve worked hard to get there.
Even with crime, a dumb criminal with no plan will only have a narrow chance of making good bucks. The likes of Kenneth Noye or John Gotti didn’t gather riches by one immediate deal when they were in their teens. It’s a life of crime and avoiding the pitfalls to end up like the Adams Family.
Anyone can get some armourer to furnish them with a sawnoff and some women’s tights, but you’ll only likely to bag something like £20k (max) out of your local Nationwide, and then you’re probably hunted down before you’ve bought yourself a Big Mac & shake.
Like watching Heat or The Town, it takes a lot of effort to scout out a job and get paid. Bearer bonds are difficult enough to grab, let alone have a fence to move them. Effort, effort, effort.
Ain’t no substitute for hard work. Your own business, becoming a crime baron, being a senior executive in a hedge fund. Hard work.
Yes 100% there are such exceptions in finance and tech etc. But such 'workers' with planes and islands, I guess are closer to business owners, than employees, in terms of pay structure.
According to the chart, the way to get really rich is "business interests". Plenty of room for interpretation there!
According to the chart, the way to get really rich is "business interests". Plenty of room for interpretation there!
Edited by anonymous-user on Thursday 4th April 17:12
DonkeyApple said:
tigerkoi said:
Ouch! 
It was unbelievable. £20k/month base salaries all gone on lifestyle commitments long before it was ever paid. Needed a loan to be paid back upon receipt of bonus but didn’t understand that they needed collateral and renting an apartment, renting cars etc meant they had nothing and they wanted to keep wearing their jewellery rather than porn it. Some of the thickest people that I’ve ever sat down opposite have been the brightest people I’ve ever met.
The problem with London is that while the salaries are turbo charged the ‘keeping up with the Joneses’ is twin turbo’d.
Also, i think that people who earn good money, 500/600 a day upwards was mentioned often live to their wage with bigger houses in a particular area, car loans, watches etc. Spend spend, whereas I've had a good time, in a lesser house, but had porches n a bit of motor racing, holidays etc., but lived below my salary generally. No kids helps. I semi retired late forties, and now at 56 haven't worked for four years. I'm done. Was selling up and clearing off to my place in the Sun last year. But definitely doing it this year, people on multiples of my salary and age are still going in on Monday. What's all that about?
languagetimothy said:
DonkeyApple said:
tigerkoi said:
Ouch!
It was unbelievable. £20k/month base salaries all gone on lifestyle commitments long before it was ever paid. Needed a loan to be paid back upon receipt of bonus but didn’t understand that they needed collateral and renting an apartment, renting cars etc meant they had nothing and they wanted to keep wearing their jewellery rather than porn it. Some of the thickest people that I’ve ever sat down opposite have been the brightest people I’ve ever met.
The problem with London is that while the salaries are turbo charged the ‘keeping up with the Joneses’ is twin turbo’d.
Also, i think that people who earn good money, 500/600 a day upwards was mentioned often live to their wage with bigger houses in a particular area, car loans, watches etc. Spend spend, whereas I've had a good time, in a lesser house, but had porches n a bit of motor racing, holidays etc., but lived below my salary generally. No kids helps. I semi retired late forties, and now at 56 haven't worked for four years. I'm done. Was selling up and clearing off to my place in the Sun last year. But definitely doing it this year, people on multiples of my salary and age are still going in on Monday. What's all that about?
Jimmy Lee must have been worth $200m+ and after loads of deals and a cushy position at JPMC. Only 62, but dropped dead. He just loved the chase, thrill of the next deal; the money is just to keep score.
The quickest way to riches is to sell the expectation of further riches to someone else.
If I chose to do it via business I wouldn't create a business with the intention of making a nice living in 5-10 years. I'd be looking to be bought out or poached much sooner for much more.
That's basically the foundation of the whole of Silicon Valley. Even after 30-40 years littered with utter failure you can still sell your piece of s
t idea for millions and it'll never be heard of again.
These money moustache people who eat packed lunches for two decades are not on the path to riches. They may well be headed for financial freedom and that must be a great feeling but it's rather different.
If I chose to do it via business I wouldn't create a business with the intention of making a nice living in 5-10 years. I'd be looking to be bought out or poached much sooner for much more.
That's basically the foundation of the whole of Silicon Valley. Even after 30-40 years littered with utter failure you can still sell your piece of s
t idea for millions and it'll never be heard of again. These money moustache people who eat packed lunches for two decades are not on the path to riches. They may well be headed for financial freedom and that must be a great feeling but it's rather different.
Know a bloke who was worth £40m when he retired at 50. Left school at 16, set up his own company selling photocopiers.
Woman I used to work was worth a few million. Her dad was involved in the construction business - made a lot of money in the Middle East in the 80's. Had a house in the South of France, Barbados etc. Owned her own business - in it's 8th year (when I joined) it turned over about £1m. When I left - 5 years' later - it was about £4m. She took home about 33% of that as profit and did about 8 hours work/week.
Ella's Kitchen Baby Food. Set up by an ex-KPMG Accountant, sold it for £66m and made a decent amount of money along the way.
JCB - set up by Anthony Bamford, the family are worth a ridiculous amount of money.
So, find a niche and set up your own company. It's what I'm 6 months in to doing. Unless you work in a field that you can't replicate yourself, it's the way to make serious money.
Mind you, I do know a lad whose trust fund guarantees him £1m/year on his birthday for the rest of his life, so there's always that option.
Woman I used to work was worth a few million. Her dad was involved in the construction business - made a lot of money in the Middle East in the 80's. Had a house in the South of France, Barbados etc. Owned her own business - in it's 8th year (when I joined) it turned over about £1m. When I left - 5 years' later - it was about £4m. She took home about 33% of that as profit and did about 8 hours work/week.
Ella's Kitchen Baby Food. Set up by an ex-KPMG Accountant, sold it for £66m and made a decent amount of money along the way.
JCB - set up by Anthony Bamford, the family are worth a ridiculous amount of money.
So, find a niche and set up your own company. It's what I'm 6 months in to doing. Unless you work in a field that you can't replicate yourself, it's the way to make serious money.
Mind you, I do know a lad whose trust fund guarantees him £1m/year on his birthday for the rest of his life, so there's always that option.
languagetimothy said:
This. I worked in the finance banking industry, not on silly money, but very good, plus (not silly) bonuses, and I see people I worked for getting massive bonuses (6/7figures)and turning up for work on Monday.
Also, i think that people who earn good money, 500/600 a day upwards was mentioned often live to their wage with bigger houses in a particular area, car loans, watches etc. Spend spend, whereas I've had a good time, in a lesser house, but had porches n a bit of motor racing, holidays etc., but lived below my salary generally. No kids helps. I semi retired late forties, and now at 56 haven't worked for four years. I'm done. Was selling up and clearing off to my place in the Sun last year. But definitely doing it this year, people on multiples of my salary and age are still going in on Monday. What's all that about?
No kids is surely the big one. Also, i think that people who earn good money, 500/600 a day upwards was mentioned often live to their wage with bigger houses in a particular area, car loans, watches etc. Spend spend, whereas I've had a good time, in a lesser house, but had porches n a bit of motor racing, holidays etc., but lived below my salary generally. No kids helps. I semi retired late forties, and now at 56 haven't worked for four years. I'm done. Was selling up and clearing off to my place in the Sun last year. But definitely doing it this year, people on multiples of my salary and age are still going in on Monday. What's all that about?
Integroo said:
No kids is surely the big one.
I think it all depends on the attitude you start off with. My brother in law makes well over a million quid a year but if you went in his house you wouldn't know it and his car is such a piece of crap that he was asked to hide it at the last fancy hotel he stayed at. He's able to throw it in whenever he feels like it. His colleagues have bloated their lifestyles to match their salaries and will probably never fully pay for all their tinsel.
bloomen said:
I think it all depends on the attitude you start off with. My brother in law makes well over a million quid a year but if you went in his house you wouldn't know it and his car is such a piece of crap that he was asked to hide it at the last fancy hotel he stayed at.
He's able to throw it in whenever he feels like it. His colleagues have bloated their lifestyles to match their salaries and will probably never fully pay for all their tinsel.
There is a middle ground however. I don't support a lifestyle of spend every penny you earn and more, but equally if you are earning good dosh you should spend it on living a nice life - you can't spend it when you're dead! As long as you prioritise your spending on what is important to you - we like expensive dinners and nice holidays, so that's what I will spend my money on. He's able to throw it in whenever he feels like it. His colleagues have bloated their lifestyles to match their salaries and will probably never fully pay for all their tinsel.
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