7 Ways to Feel Rich Right Now

In this mercenary world, where everybody is vehemently indulging in money-making spree, numerous get rich quick means have evolved in lieu of traditional methods. There were times when people really had to toil, in order to make extra money, apart from working for fixed salary jobs; however, with online business and transaction schemes being hyped to a great extent, things have become somewhat easy for everyone. Moreover, the modern concept of digital marketing has given a fillip to people’s fictive aspirations of getting rich in reality.
Now, if you too have the urge to become rich fast without any impediments, then here are seven ways to feel rich and abundant right now:

Buy gold: These days, professionals have been deftly handling the gold market, to everyone’s delight! You could safely indulge in gold transactions without getting duped. All you need to do is to forage through the newspapers, or online news to find out gold rates on regular basis. Once the gold prices scale down, make it a point to make investments. Get a BullionVault for safe keeping of gold coins, gold bars, jewelry, mining stocks and certificates. Many people across the globe own BullionVaults these days. In fact, people like you could store more gold than your country’s central bank.

Sell gold: With the financial market continuously rolling, you need to wait for the appropriate time to part with your precious gold bars, coins and jewelry. Wait for the time when the gold price soars maximum in the market, sell your gold, and pocket your dollar bills. You need to be vigilant about the trending gold prices, whether you sell your bullions online, or at a local pawn shop. In the end, your endeavor should be to earn maximum profits, and not to end up in poor deals.

Invest in the stock market: These days, every smart guy wants to get rich quick, and hence invests money in the stock market. Make it a point to buy stocks at feasible prices, and use the dividends in buying more. Be vigilant, and invest in stocks when the prices crash. Stock markets are always known to show unstable trends. Once the stock prices scale high, sell your stocks, and stuff your pockets with dollar bills. You just need to have the right trading mindset to take correct decisions.

Rent out properties: This is an ideal way to make extra money alongside a 9-to-5 job. You could work in an office, save money, buy a number of properties, and rent them out. As a matter of fact, landlords with a good number of rented homes or commercial spaces, are likely to seek early retirement, and relax at home.

Choose tax-free investments: While some investments are followed by taxes, there are numerous others tax-free savings and investments like Children’s Bonus Bonds and pension savings.

Take up difficult assignments: Be bold enough to accept challenging assignments and jobs. People are generally hesitant about accepting jobs in unfavorable geographical terrains, or places where civil and political conditions are rife; however, do not forget that employers in such places are willing to pay six-figure salaries.

Be innovative: Be forthcoming about designing a new product, which is bound to go viral in the market. Acquire licensing rights for your patent, make copies, and sell your product.

Business Ideas With A Small Budget

 

Are you planning to open a business that does not require a large amount of money? If your budget is limited, then here are some great ideas to look at to ensure that your money is channelized in the right way and not spilled in schemes that do not provide a decent return on your investments.

  1. Research , Research and Research – Research your market, do adequate research before you even think of having a business plan.  You may have a great idea. However, would the customers be ready for your idea?  A thorough research would show both the market potential, as well as the limitations of the idea.
  2.  Base your Assumptions on objective analysis –  Often, companies are misled by incorrect interpretations of the market and therefore, they rely on half-truths, or false assumptions. Any business needs to be objectively analyzed based on what could be the opportunities and threats to the business, the possible dependencies and a correct estimate is to be built. Buffers for unaccounted risks are to be considered as well as mitigation strategies for enterprise risks are to be planned.
  3. Keep a control on expenses –  Keep expenses low, be frugal in your spending, till assured of appropriate returns. For a startup, it is important to consider ways that keep the budget low. Adequate cost control measures are to be taken right from day one of business.
  4. Develop a team as you grow business – Do not keep every thing with yourself , even if you are a start-up. Time is crucial, and therefore take help of others, who could deliver work faster and cheaper.
  5. Maintain a financial buffer-  Always have a financial buffer which could help in case of emergencies. Ideally, have  a contingency fund of about 6 to 8 months to take care in case of emergencies. Else, have an alternate source of regular income to meet any eventuality that may precipitate.

Read : Think & Grow Rich by Napoleon Hill