Engineer Your Finances

A Systematic Approach To Money

  • About Us
    • Disclosure
    • Privacy Policy
  • Contact Us
  • Toolkit
  • Security
    • Credit & Debt
    • Banking & Saving
    • Psychology
    • Other
    • Optimization
    • Education
  • Self Discipline
  • Improve Returns

The Ten Roads to Riches Review Pt. 2

Share

The Ten Roads to Riches Review Pt. 2Last week I started a brief review of the book “The Ten Roads to Riches.” Today is part two of the review. I will go over the last ideas that the author goes over.

Steal it legally – no guns necessary

The sixth road to riches is to steal it legally. A lot of businesses do this all the time. They steal or use ideas that other companies have, and they make money off of them. There are hundreds of examples of this happening through the years. I want to go over a recent example. Instagram is a picture sharing app. A few months ago, they added a feature called Instagram stories. That feature is very similar to an app called Snapchat. With Snapchat, people take pictures and stories that you can see for up to 24 hours. The Instagram story feature is the exact same thing. IG took Snapchats’s idea and ran with it.

Capitalize on other people’s money (OPM) – where most of the mega-rich are

This is another tip that makes a lot of sense but isn’t the easiest thing to do. People aren’t just going to give you their money. If that were the case, we’d all be rich or wealthy right now. Starting a business or getting into real estate are two ways that you can capitalize on other people’s money. With real estate, you can rent, lease or sell the property that you have.

Invent an endless future revenue stream – even if you’re not an inventor

Having an endless revenue stream is another thing that can bring wealth. If you can create something that people love, you can make money off it forever. For example, if you write a best-selling book, you could get royalties from it. That is just one example. There are so many things that you can do to generate that endless revenue. Getting something patented or licensed can make you, even more money.

Trump the land barons, by monetizing unrealized real estate wealth

Communities are always growing. Businesses are always expanding. What is the one the thing that isn’t growing or expanding. Land is that thing. People will always need it. Even if they don’t want to buy real estate, people will want to rent. They need it for homes, office space, and businesses. Learning about and then investing into real estates is one of the smartest things that people can do. It’s something that I want to learn more about it in the near future,

Go down the road more traveled – save hard, invest well – forever

The last road to wealth is the safest road. Save hard and invest well. There is nothing wrong with going the safe route, but it could take decades for you to get wealthy this way. If you want your wealth sooner, combine this one with some of the other ideas that the author discussed.

The ten roads to riches is a great read. I believe that everyone should read this book when they get a chance. You should figure out which “road” works for you and get to work.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FOLLOW US

Join Our Newsletter
  Thank you for Signing Up
Please correct the marked field(s) below.

1,true,6,Contact Email,21,false,1,First Name,21,false,1,Last Name,2





Our Favorite Posts

  • How Much Interest Does 1 Million Dollars Earn Per Year? by Trey LaRocca
  • 3-Month Performance Review by Fin Engr
  • Rooting Out The Devil: Kathy Kristof Interview by Fin Engr
  • Money Hackers Carnival #117: Wedding & Marriage Edition by Fin Engr
  • Interview: What’s it all about? More than Money! (Part I) by Fin Engr
  • How to Compare Rates for Mortgage Refinancing by Fin Engr
  • Want To Erase Bad Credit Instantly? 6 Hacks That Work Fast by Trey LaRocca
  • FinEngr Joins The Million Dollar Club by Fin Engr

Blogroll

  • Blonde and Balanced
  • Budget and the Bees
  • Cash Cow Couple
  • Cash the Checks
  • Clever Dude
  • Dinks Finance
  • Enemy of Debt
  • Get Rich Slowly

Categories

Our Friends



Great Investing, Simplified: Get Stock Advisor for Just $99/year!

Need to find a loan? Got a Car? Compare title loan offers near me and get the best rate.

private real estate investors

Order custom essay from professional essay writers.

Visit 123 Term Papers and you’ll receive help from the qualified writers.

Thesis writing help for all the students!

Copyright © 2021 · Runway Pro on Genesis Framework