There are many ways to become rich. In fact, the are so many ways to make money: a daily job, trade foreign exchange, trade stock, making money investment online, investments in property. Each of these options requires a different level of capital to start with.
Usually, making money online requires little monthly expenses to build and
host a website say 10-20 USD. Other ways such as
stock trading or foreign exchange require a fair capital say $10,000. You may even find a way of earning money online by filling online surveys.
They pay between 5-75 dollars per survey.
The first step in your journey to be rich is to not accumulate debt.
If you intend to have your own business, avoid any debt problems. Avoid the idea of filing a bankruptcy or chapter 11. It will take
you years to have a good credit rating by the credit rating agencies.
Debt problems can never magically disappear from your life.
Accumulating debt is easy and progressive, but getting ride of it is
uphill journey. It all depends on how much debt you have and how much
your income is.
Before starting on how to reduce your debt problems, you should
always aim for no further borrowing. Do you need a car? Just save for it.
Become a saver and cash buyer from now on.
When you have debt problem, it is time to think about increasing your
income as well. Another job or utilize a skill that never though you
have, or starting a business that almost cost nothing is a good start.
Think of starting your website and sell advertisement on it. Tutorials from Earn Money Online Hub should help you start with such an idea.
When you think of applying for a loan, think how much do you need.
Most importantly, think of how much you can afford paying off the loan
using a worst case scenario. You will always need to buy pair of shoes, a
new trouser or something for the person you love. So, avoid having debt
thinking that you can pay off the load quickly because you intend to squeeze your expenses.