How can I become Wealthy?

I am 20 years old. I am living in Norht America right now.(USA) i make 15k a year. I finished High School. I play in a band (for church) i work for a company that i dont think i can grown in. im young and in look for advice on how to become wealthy. My passion is "Music" but in the long run it might not leave me enought to retire...(I will do what i love) I want to go back to school to get an associates or a bachelors but i cant right now because of financial reasons... yup Im not looking for a get rich quick thing...

Public Comments

1. go back to school. get a low cost student loan. it will pay you back forever. there's no quick fix. make the investment while you are young.
2. Work hard stay focus, and save your money. Try your best to stay out of debt.
3. The easiest way for anyone with an income to become wealthy is to save at least 10% of your income in a solid mutual fund. Over time this amount can grow to millions, even if you start out with a $15K per year job. I suggest that you determine what line of work you could do where you can earn a comfortable living and enjoy doing it everyday. Remember "Schoold of Rock", Dewey "Mr. S" Finn wasnt a great performer, but he found his passion in teaching music. Sometimes you have to look at what you love from a different view. Good luck.
4. I found a great opportunity recently. Visit http://sixfigurediva.com This program will help you earn a little extra income on the side, or up to a six figure income! I started a few weeks ago and I am already making a nice income.
5. The only way I see someone like you getting rich is to find some old rich widow and marry her. Are you good looking? Can you sweet talk an old lady out of her money? I hope so cause it don't look good
6. Wealth is _accumulated_ by saving your income. There are generally three types of income - earned income, investment (portfolio) income and passive income. Obviously you'll need a job for earned income. Most people will tell you to save some percentage of that earned income and place it in an investment of some kind -- mutual funds, brokerage, etc. This is an excellent idea. The third type of income, passive income, is the most important one and really the only way to become truely wealthy. Passive income usually takes a great deal of effort up front and, hopefully, almost no effort once you get the ball rolling. Most forms of passive income come from rental/property, license agreements, and royalties. These have the most potential to provide enormous amounts of income over the long run. But you must never forget the first sentence. To be wealthy, no matter how much income you have, you have to be willing and able to SAVE it.
7. It depends how you define wealthy - does it mean having a yacht? not needing to work? being happy? doing what you love? You need to examine your attitude toward money, and set definite goals, before you can focus on a plan for acquiring that wealth. Get down to your local library tonight and start checking out personal finance books - they can be wonderfully empowering and inspiring, and most are written in simple, easy-to-understand terms. -The Complete Idiot's Guide to Personal Finance in your 20s and 30s -The Complete Idiot's Guide to Managing Your Money -“Smart Women Finish Rich” or “The Automatic Millionaire”, by David Bach -any Suzy Orman books