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How to Retire Rich

I made a research on how to retire rich. I got 6 very interesting ideas. While some appeared to be crazy, even ridiculous!

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My research disclosed that the following could be the 6 ways to retire rich:

1. Employment - Get a high paying profession like a banker, an architect, a lawyer or a doctor.

Can you retire rich from a salary or a professional fee? Some people still believe that wages can earn them a fortune. It is true that some have good looking cars and big houses. Nonetheless, most of them spend money on luxury to cover up their life in the rat race. These people have no freedom of time, and they only get paid when they work. This is not a picture of true wealth.

2. Having talent - Become a movie star or a singer; a musician or an inventor.

Having talent is a way to get wealthy. You can retire rich and still earn profits from royalties. However, this option is for people who posses natural talented. Not everybody can pursue this as a simple way on how to become rich.

3. Entrepreneurship - Get a legitimate business opportunity or invest in real estate; build a marketing network or get rich online through internet home businesses.

If you have read Robert Kiyosaki’s “Rich Dad Poor Dad”, that book shows how to retire rich by: “Minding Your Own Business”. Even the young are eager to find a business opportunity at home. They tend to shy away from working for wages. Why? Because it does not work!

Traditional businesses involve huge investments like buying properties or franchises. If you do not have hundred thousands of dollars to start a business, do not despair! There are legitimate work at home opportunities where you can start for a few hundred to a few thousand dollars, and still be financially independent within two to five years!

4. Investing money - Invest in Bank CD’s, mutual funds or REITS; IRA savings, government bonds or share markets.

Are you keen on investing in shares of stocks or Forex? Executives and yuppies go for this option. Yes they can work for some people, but you need a huge capital to have good results. You need to invest amounts like 25,000 US dollars that you can afford to lose. This is for people who are ready for this kind of risks.

5. Retirement plans - Social security, 401k retirement plans or employer sponsored retirement plans.

You cannot really depend so much on social security and 401K anymore. If you get a plan today thinking that you will receive substantial income after 40 years, think again. By that time, its value could already be very small, and you would be 60, weak and broke. You cannot retire quickly with this option. Maybe it is better to find other ways to retire rich, while still young.

6. Get rich fast through luck or illegal activities - Play the lottery or have an online business scam; get a sugar dad or sugar mama; become a drug dealer or a bank robber.

You do not need to think 3 seconds on this idea. In my dictionary, I do not consider this as a smart way. It may work for some people, but they are risky, illegal and really stupid! In fact, they hardly come within the meaning business.

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