I've read hundreds of books and sources over the years in my quest to get rich. I'm still learning, but from from my results so far, here is the best path I have so far discovered in my quest for wealth:
Decide to be rich: Decide what you want from your life. In self-examination, you might find that you don't want to become rich. In that case your quest stops here and you might as well Google "How to be poor". If you don't actively seek money, it is unlikely you will ever find it. If you decide you would like to have some money in your pocket, read on.
Starting books: Go and buy, then read these books: The Richest Man in Babylon, The Millionaire Next Door, The Millionaire Mind, Anyone Can Do It, The Power of Focus, Three Most Important Lessons. The book I follow the most is The Richest Man in Babylon, and I am always re-reading it, if I only chose on book on wealth building, that would be it.
Set goals: If you still want to be rich after reading those books, start setting a goal of how rich you want to be, and how you want to live your life in the future. Write it down, using the SMART method as described in the book The Power of Focus.
Start making money: Get an income (get a job any job, or start a business). Spend less than you earn and save the rest of the money in a Cash ISA. Put excess money into other savings accounts. Then research investing in Stock market, and Housing. I have learned that if you are not making money, you are losing money and sooner or later the financial waters will run dry, then its back to square one.
Continuous wealth research: Every day, or at least once a week, check websites such as Money Saving Expert, and This Is Money. Keep your knowledge of money up to date by looking at these websites. I also read books about rich and successful people, and about economics, every day, as well as looking at relevant YouTube videos, in order to motivate myself. You can get books for free from the library or buy them cheaply secondhand on EBay or Amazon.co.uk. Many older books about any subject are free at Project Gutenberg.
Keep doing this for at least 3 years and then you will start to see bigger and bigger results. Start slowly and steadily. All of this need not take up too much time if you introduce it into your life gradually and keep it simple. I would say that my wealth building plans take up 10% of my day only, as I keep things short, simple and efficient.
Its better to have money and economic freedom than to be poor. Money is a good servant, but a bad master. Once you put yourself on the path to mastering your personal finances you will feel less stressed and more relaxed about life. You will still encounter problems in your life, but by staying interested in your finances, money will be one less problem to worry about.
Many people earn lots of money but have no savings plan, even high earning people find to their shock that they can end up needing government assistance due to their poor financial planning. To qualify for government assistance in the UK you must have less than 8k in savings yet some of the high earners who were made redundant in this article had earned high salaries for years but saved nothing. When hard times hit, they became poor immediately.
To me, getting rich is about building wealth. The same way you can't build a house in one day, you can't amass massive wealth quickly without taking on significant risk. I've tried all the get rich quick schemes, I've tried or know people who have done: pyramid schemes, seminars, multi-level marketing, Internet schemes, special get rich quick courses, none of them worked. Like the story of the tortoise and the hare, slow and steady wins the race. I play my savings and investments extremely safe, avoiding high returns where I could risk losing all of my money. I never put more than 5% of my wealth into any one investment. The credit crisis of 2008 has exposed fraudulent schemes offering high returns when in reality it was all lies. Safety of your investments is always the way forward. Never bet the farm on one big investment, only put fractions of your money into different investments. Billionaire Richard Branson's wealth is invested in many different businesses, so even if one fails, there will be others to keep him wealthy.
Starting a business is a great way to get rich too, but is more risky and you have to make sure that you don't dive into it wildly. The book Wake Up And Change Your Life, is great for gaining insight into how to start a business. If you use your own money to start a business it means less risk and less reliance on bank financing. To get that money, you have to do some saving first.
Once you learn money mastery skills anything is possible, and whether you have £10 or £10,000,000 you will always be wealthy, because you will know how to grow your finances even more.
Seek money, and you will find money.
Have a rich Xmas, and a wealthy New Year!
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