Life strategy - Get rich

More easy to say than to do. But there is clues about it that one must learn in order to do the right thing.

Ok first lets define what rich means. As per Capgemini firm, someone who's rich is someone who has $1 million or more and that include the house. I don't like this definition. I know people with $500K to $750K houses but they always argue to determine who's turn it is to buy the milk to go in the coffee. I don't consider that rich.

According to their definition, there is 0.5% 0f the world population that are rich. 41% of them live in United-States, 10% in Japan and 3% in China.

So it means that if you want to increase the odds of becoming rich, you have to immigrate to the United-States if you re not already a citizen there?

There is other ways, thanks to the Internet. You can live where ever you are if you are happy there, and settle a business, Internet based or not, that will sell to the american. You can even settle a business on America soil. Just get informed about it and the procedures.

Ok what else? How did those people become rich? According to the study again, most through their own efforts. Only 16% of high-net-worth inherited their money. So this means get your butt out there and like Nike says: Just do it!

Now, a little more specific on how they became rich. The most common way to get rich is to start a business. 47% of the world's wealthy people are entrepreneurs. Now this is interesting if you dream of becoming rich but are a cubicle rat for several years (no hard feeling please, I'm on the pack too). The idea is to break free from the cubicle prison and do it on your own. Nobody got rich by working for someone else. I mean think about it for a second. Reverse the roles: you own a business. You took all the risks in the beginning and put all the hours and efforts. Now that it's working and the money is raking in, do you want to give it to some employees or you want to enjoy the fruit of your labor?

However there is 23% that became rich by paid work. So if you want to put your eggs into the "climb the corporate ladder" way... be my guest. Just remember that your faith will always be in the hands of someone else, rather you like the idea or not.

So to recap, to get rich, stop zapping TV and go out there, start a company, do business in America or with Americans.

As long as you breathe, the game is on. And just as 50 cents has synthesized it: "get rich or die trying."

Oh! And by the way. My definition of rich goes like this: someone who has to answer to no one but himself, that has between 3 months to 6 months of secure money in the bank to ensure his life style if something goes bad, with no or minimal debt including house loan and has a net worth of $500K.

What's your definition?