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Top 5 smart ways to make serious money?

Recently I asked a bunch of people I know the top 5 ways they think serious money could be made. The results were these: 1. Good Retirement/Stock Investments 2. Real Estate 3. Picking a home business, and working your butt off at it (even pet rocks made a million bucks!) 4. Going straight focused for a high demand career 5. Buying/selling/trading (jewelry, cars, etc.) What do you think of this list and/or what would you suggest in contrast to it? Any detail you could add?

Public Comments

1. many business, and plans , shares. real estate,gold, petrol, diesel and everything that fetches money
2. Great question! While I like everything you've said, I think you've left out the most important consideration of all: Developing yourself into an expert. Investing in things, technologies, preexisting situations---all are fine ways of "re-selling." Obtain the finest training, reinvent yourself into a a critically important commodity for others seeking to increase their personal wealth and estates---this is key to bringing things together meaningfully. Why? Because it not only spells income for you on a continuing basis, but it also cements relationships that operate on some of the most important levels imaginable. Len
3. Ignore blatant spam like the first two answers. Let's also ignore inheritance since most of us chose the wrong parents. :) I think your list mixes wealth creation and wealth maintenance/growth. Most serious accumulation comes from either entrepreneurship (rarely a home business in my experience) or career. I would consider building a string of car dealerships as entreprenurial rather than a different category. Investing (where real estate is one option) requires some initial capital. It is a great way to maintain and enhance that capital. Check out the Forbes 400 wealthiest people. Very few people are on the list mainly due to investing, with Warren Buffett the notable exception. Lots of entrepreneurs with many company founders. A few real estate empires.
4. The first two you can not do without seed money, so forget them, and playing the stock market is like gambling in Vegas - only do it if you can afford to throw the money away. The third is a fantasy. The last one is a combination or risk, needing serious seed money and a fantasy. That leaves finding an in demand job that pays well. Generally for this kind of job you need a college education.
5. 1. Good Retirement/Stock Investments Huh? For every good stock investment, there's plenty of poor ones. If you don't believe me, look at the record of mutual funds, where there are supposed to be geniuses picking the stocks. There are big-name funds like Vanguard that end up in the bottom 10%. Do you think yo can do better than those hi-falootin stiock pickers? 2. Real Estate Real Estate can go up, but only as long as the population keeps growing and people want large estates. And you buy with extreme care, there are lots of loser properties out there. All it takes is a bad flu epidemic, or a change in human attitudes towards acres of lawn and Real Estate will go on the crapper. 3. Picking a home business, and working your butt off at it (even pet rocks made a million bucks!) Working hard is good. 4. Going straight focused for a high demand career. You're likely to burn out within a year if you're trainng for or working in something you don't like. 5. Buying/selling/trading (jewelry, cars, etc.) Commerce! Trade! What a concept! Buy low, sell higher! Yes.
6. Hey, The first thing you need to remember is that the greater amount of money you make the higher the risk is, this is in general. the first thing you said about stocks I would agree with, there is allot of money to be made in the stock exchange but as I just said the higher the profit is usually the higher the risk is - which means that you may also lose all of your money and that is why I would recommend to put in a number of stocks and not in one, if you decide to try it. The second option is real state I would not recommend it takes years to do and it is also risky as we all can see from what is happening in that department today. and the cases you make allot of money are few. a home business is a good idea but you need a good idea in something that you can make real money, it all depends on how much effort you are also going to put in it. before you approach something like that you need to do allot of research and look at all the aspects possible and have a plan for the beginning and for the long run. a high demand career depends on what exactly you want to do, there are allot of jobs that are high demanding but also require an investment of money and time and not always are worth some much in the long term. If the only thing that you want is money and do not care that is takes all your time and that you do not have personal time you can do it. buy and selling is also an option but you need to be really good at what you are doing and you need to know the market very well. Here it is very important to have good social skills and marketing (selling) skills. I would also maybe recommend you if you want to make nice amounts of money you can become a broker but again you will need some education for that and it will also demand from you allot. Good luck,
7. Most millionaires are extremely frugal. So the best way to get wealthy is to make more money than you spend every month. How you invest that money should come next. Regards, Stang
8. Ways to make serious money in the real world: 1. Rob a bank. 2. Set up a Ponzi scheme. 3. Be a corrupt politician. 4. Sell drugs, firearms, pirated goods. 5. Kill off all your business competitors, by hook or by crook. 6. Be an expert money launderer.
9. Know more about something than most people do. Knowledge is power and money, especially in the collectibles field. Get other people to work for you. In most businesses, you don't make money working, you make money getting other people to work for you. My father is an example of this. He opened an office and got a few jobs, He tried to do it himself and went belly up in about a year. He had the work, but he couldn't keep up everything that had to be done. A few years later he reopened and brought in and trained 5 employees. After they were trained, he went out and got work. They did the work. My father's job was to get the work, keep the workers, and keep them busy. Their job was to make him money. He would bill $100 an hour for his worker and pay them $40. After expenses, he was able to pocket about $10 per employee per hour. The more employees he got, the more he was able to make.