7 Ways of Becoming Rich Instantly


As I continue reading the teachings of Kiyosaki in its “Rich Dad Guide to Investing”, here are some of his thoughts on ways of becoming rich. I am really motivated to write more quality articles especially when I see a lot of good comments from readers. 

One of this was the previous article entitled “House: Asset or Liability” which so far, as of this writing, was the most commented article. This is one example that not all teachings of Kiyosaki are true. Thank you for all the readers and keep on participating by making comments.

 

Kiyosaki told that there are 7 ways of becoming rich. People who are rich became rich because they did one or several of these ways. Each of these ways has some price that needs to be paid.

Become Rich by marrying a rich person. Marriage ties the knot of two persons because they are bound to live together for the rest of their lives. It does not only mean tying of two lives but also of assets that’s why a couple’s assets are combined and are called “conjugal assets” or “conjugal properties”. While many of us marry a person because we love him or her, some would marry a person for his or her money. And this is where the problem starts. Marrying a person ONLY for his or her money would definitely bring a lot problem. Just imagine spending your life with someone that you don’t love. Definitely, it is a very high price that you need to pay later on in your life.

Become Rich by becoming a cheater or a crook. We all know this because there are a lot of people who became rich by becoming cheaters! And a lot of these cheaters, I must say, are politicians! Why would a candidate spend millions in his campaign where in fact he can only get a meager salary when he was already elected? Is it really because he wants to serve the public? Or because he see his power and authority as a means to amass more wealth, more money that he can definitely recoup all what he spent in his candidacy? I’m not saying all politicians are cheaters but I do think that a lot are. Now, what’s the price of this? You could be put into jail. You could lose your face to your family and friends. If ever you escaped the law, Karma in the long run will hunt you. There is always God that sees our actions. In my opinion, honesty is still the best policy.

Become Rich by inheritance. Not everyone of us are lucky to inherit wealth or money. Becoming rich by inheritance is really indeed a luck. What’s the price of it? I personally think that people who become rich by inheritance tend to easily spend what they inherited by having a lavish lifestyle. They did not work hard to earn it and so they did not know how to value it. I’m not saying all but usually this is what people tend to do when they became rich by inheritance.

Become Rich by winning the lottery. Just as becoming rich by inhertiance is a luck, becoming rich by winning a lottery is indeed also a luck. As a mathematics graduate, winning a lottery is really a gamble. I can compute the probability of winning the lotto by using the principles of counting such as permutations, combinations and factorials. And I would say that it is very very close to zero. In fact, I would continue to say that even a rich person who could probably spend by betting on each and every possible outcome of the winning number just to win the lotto could end up at a loss. He could have probably spent more on betting than the jackpot prize! Living your life with odds of one in probably a hundred million is definitely a high price to pay.

Become Rich by becoming a famous movie star or sports star. I do notice that a lot of shows that makes a person a star are becoming popular nowadays and one of these is the famous American Idol. Here in the Philippines, there are a lot of shows such as Pinoy Big Brother, Fear Factor, Pinoy Dream Academy, etc. What all these shows have in common? They all give exposure to potential stars who could probably become a famous movie star or model in the future earning huge amounts of income in their contracts. I won’t doubt when I see a lot of people lining up on their auditions. What’s the price you have to pay for this? You need to deal with a lot of stress! You have to deal with a lot of people whether good or bad! You need to attend practice and a lot of rehearsals! And if you became famous person, your life would also be an open book to the public open to scrutiny and criticisms which can potentially affect your life as well.

Become Rich by being greedy. I think that greed is an element of human nature. Each and everyone of us wants to have material things in life that we could probably enjoy. But becoming too much greedy is already bad and in fact considered in the bible as one of the capital sins. People greedy with their money and their assets usually means they are also tight with other things. When asked to help other people or to teach other people, they often do not have the time. They always say: “I got mine and I’m not going to share it. I’ll just keep it.” What’s the price of becoming greedy? Kiyosaki refers to the Newton’s Third Law of Motion: “For every action, there is always an equal reaction.” If you want a smile, first give a smile. The same thing goes that if you want money, first give money.

Become Rich by being a cheap. This last way of becoming rich is somewhat contradicting to the idea of frugality. Kiyosaki mentioned that “To live poor and die poor is a tragedy. But to live poor and die rich is insanity.” Basically, from what I understand, you must also give yourself a break by treating yourself once in a while. Money is meant to be enjoyed. You must enjoy the fruits of your labor. What’s the price of this? As Kiyosaki mentioned, you could die rich BUT insane!

These are the 7 ways of becoming rich as mentioned in Rich Dad’s Guide to Investing. But there is one ultimate way of becoming rich and that is to “earn more and desire less”. How could we earn more? By educating ourselves and becoming financially literate. After all, the best things in life does not involve any cost and that is to hear, to see, to feel, to smell, to love, and to laugh.

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Tyrone is a passionate financial literacy advocate. He started this blog on November 2008 when he watched The Secret which talked about Law of Attraction because he wanted to become a millionaire and wanted to know how a millionaire acts. At the age of 26, he achieved his first million. To find out more about him, click here or follow him at Instagram

16 responses on “7 Ways of Becoming Rich Instantly

    • because the topic here is to become rich in an instant, working hard will cause time and determination.

  1. whoa! talk about “desperate ways” perhaps, i have an idea, why dont we have something like ways to increase our cashflow, the best and safer one, something that is popularly done by those successful people out there (“,)

  2. I agree with chardy, definitely desperate ways. Although I would have to disagree with you on becoming a movie star or athlete. That requires years of hard work, determination, and patience. You can’t just do that over night and expect big bucks.

    I found your site from freefrombroke.com and have enjoyed your content I have read. Look forward to getting to know one another.

  3. Thanks everyone for all the comments. To Craig, yeah, you’re right. But the odds are still quite high as compared to say applying a job in a company. For a movie star, in some cases, if you don’t possess the “beautiful face” or “a good body” even if you have the talent, then you’ve got low chances.

  4. If your conscience could take it – one of the ways to get rich quickly is to be a drug lord, gambling lord, sex den lord or to be a politician – sure way to get rich…

  5. I would choose getting rich by being financially smart/literate. I know it will take time and money to have it but once you’ve develop this into a habit, money will become automatic to you. I think our mind is the biggest asset to become rich. There are people who became instant millionaire but after a while they go back on being broke/poor.

    Start small but DREAM and THINK BIG.

  6. yeah, i think when you refer to a movie star or sports star its akin to ‘hard work and talent/genetic blessings’. Basically, it all comes down to you get what you give.

    Its interesting that in all cases there is that element of luck involved; meeting someone rich to marry, being in the right place/time to cheat and payoff, being born wealthy, genetic lottery, lottery itself, greed if you have no liabilities, and cheap if you have no desires.

    Even if you try to make your own luck, it just might not be there on your side. Very interesting. Great blog post!

  7. I would conjure that the reason there is no “being rich by working hard” is that people tend to mix up methods. Correct me if I am wrong but an example would most deffinately be Bill Gates. As many of you know he is the creator of Microsoft. But how did he get rich? Yes he did put in lots of hard work, but overall something we can notice is him getting rich through being cheap. Its not how you earn it in the first place, its how you keep it going and keep it alive and its through him being cheap. Microsoft prices are sky high and he barely ever makes any major spendings for new innovations. He even makes his own lunch or goes to lunch at McDonalds. This was just an example but I believe I got it right.

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