Three Ways To Get Richer Next Year

Motley Fool:

How are you holding up during the Writers Guild of America strike out in Hollywood? With freshly scripted programming drying up, the next few weeks will be challenging unless you relish a steady diet of reruns, reality television, and reruns of reality television.

I've got a plan. It may or may not make you richer, but it will make you smarter.

See that plug on your television set? Good. Yank it.

I'm hurting for entertainment as much as the next guy, but I've always believed that when life gives you lemons, you open a tequila bar. This is the best time to profit from the lull in programming. If you have spare time now away from the boob tube, use it to brush up on ways to become a better investor.

I have a few tips to get you started. Some will take you less time than the hour you were going to spend watching Desperate Housewives or CSI.

1. Get up to speed with fundamentals
Is your portfolio making promises that your due diligence can't keep? It's perfectly natural. Most investors start out as speculators, running with stock tips before they understand what truly drives the markets or how to value a company.

Read the whole story: Motley Fool

Comments

[mmm611]

I think the best way is to become rich inside. Then you'll truly be rich, not just compensating.

If you're trying to keep up with the Jones' you'll always be poor. Check out www.themiracleinsidemymind.com

[WARisEVIL]

Here is a novel idea. Stop spending 3 times less and watch the savings grow. But DO NOT under any circumstances put it in a mayonaise jar. This is what happens when you do.

http://cryptogon.com/?p=1776

[Kundera]

According to lefties, there is a limited pie.
So when we make more money, others are making less.

[rh654]

How DARE a Liberal site have anything on how to make money.

Don't they know that only the Liberal Elite are allowed to have large buckets of money - the rest of us are only here for the Liberal Elite to wag their fingers at while they lecture us for our horrible consumption, unfair workplace competition and under-taxation.

Of course while one is waging their finger from a multi-million dollar house does tend to cause some of us to take them not too seriously - the True Believers will nod in sincere agreement.

[sparkey]

Another 3 ways to get rich next year:

Go into politics.

Make military equipment.

Become a Mexican drug lord. Don't worry,you won't be stopped at the border.

[Dendroica]

I'd prefer the following:
1) Diversify.
2) Conserve.
3) Live less extravagantly than you really need to, and put as much as you can in your 401K and other savings and investment accounts.

[ohiomark]

3 ways to get rich next year:

1. Capitalism.

2. Capitalism.

3. Become a dictator.