What are some of your tips on getting rich, or just making some money, and building up wealth?
I realize the importance of saving, and conserving money, and only buying the bikes that are really needed. Not going out to eat so much, etc. Also, it is important to take some extra money and invest it wisely and carefully, and to diversify across bonds, stocks, GIC's, etc.
But how about ways to make money?
Post up some ideas.
How about setting up a tutoring company? Hire 5 undergrads to tutor 5 hours a week for 12 months a year. Charge the customer's parents $25 per hour for your staff to tutor the kids. Pay the tutors $10 per hour. You gross probably $19,500 a year. Then pay taxes, and you get like $10,000 to pocket a year? Maybe invest that the following year?
Then take some time and learn about real estate, and accounting, and do some of that on the side too? Maybe spend like 10 hours a week if you can afford to and build up some extra investing money on the side?
Please, no bashing, only trying to help out.