115 wealth building ideas for a good review (or primer) for people who are interested in building wealth today.

Reader assumes all risk and responsibility for attempting to execute these ideas.
Find an idea and immediately take the next step.

  1. Buy stocks with high betas. Run a stock screener, like the one Yahoo offers, and research high beta stocks that you think will do well. For best results, buy during the close of a recession. A stock with a high beta can collapse on you faster than a stock with a low beta.
  2. Buy closed end funds (CEF’s) below their NAV’s. You’ll probably earn high dividends. I doubt you’ll be able to hold CEF’s forever. So, keep an eye on them.
  3. Look into currency trading. Currency trading is more transparent than stocks and interest is higher, and paid more frequently.
  4. Rehab foreclosures. Then rent them out or sell them (to hedge funds or foreign investors).
  5. This one may take a long while… Buy bonds before interest rates are cut. (Look into foreign bonds.)
  6. Go to the CBOE site and learn about options. Remember, 90% of options expire worthless. But you are protecting the bulk of your capital from loss. You can insure big holdings with “long puts.” Or, you can speculate with “Calls” rather than large amounts of cash. One big winner could make all the difference.
  7. If you are really sure about your investment, and if you can afford the risk, consider using (debt) leverage.
  8. Remember, the trend is your friend. What trends help your planned investments and businesses? Look at opportunities with the most trends in their favor. Use math and common sense. Be wary of BS, or Blue Sky thinking.
  9. Determine if you should accept payments in bitcoin or another alternative currency.
  10. Good old value investing. When a good company is temporarily down, determine whether or not to buy shares. Make sure the company isn’t going to go out of business. If the company gets taken over, this should be good for you.
  11. Publish eBooks that answer several commonly asked questions. Ebooks can be turned into audios or videos. Audios, videos, and eBooks can be turned into webinars. Then, you could hire and train coaches to teach your material in other locations. Make sure your product’s value is much higher than its price. Some people offer amazing free content. Most Kindle eBooks that generate revenue tend to be from the erotica and psychological thriller genres.
  12. Outsource small tasks at Upwork or another outsourcing site. Or hire a freelancer outside those sites. You have to understand the task you’re outsourcing. This frees up time for you to work on more valuable tasks. There is the possibility the freelancer will waste your time or constantly try to upsell you. Be clear on the job description and make sure the freelancer agrees and understands.
  13. From the start of your online business, build an opt-in list. Quality freebies and joint ventures build lists. Mail Chimp is a free email list program. You can also use Aweber to manage your list. See if you can ethically find multiple uses for your opt-in list.
  14. Ask yourself if your proposed venture, investment, course of study, etc., is really the most valuable (highest reward) opportunity. Are there better opportunities for you? Make sure you have sufficient demand before you launch.
  15. Optimize your web based business and digital products for smart phone and tablet.
  16. Obey MJ DeMarco’s 5 Commandments for your business. Read the Millionaire Fastlane, if you haven’t already.
  17. If you are at all a manager, ask yourself, what business could you turn around or help turn around? This can lead to fairly rapid wealth. Read about Lee Iacocca and Carl Ichan and other corporate turn-around pros.
  18. Hang out with the best. Work for the best (which hopefully is you). Hire the best. Appreciate and observe the best. Collaborate with the best. Give your best. Become the best you can. You won’t regret it.
  19. Don’t just aim for cash, have specific written goals in mind. What will the cash buy? What kind of person would you like to become in generating a fortune? How long will the cash last? What will be your next source of income?
  20. Seek new perspectives, and realities. This helps build rapport, and good will. This also expands your circles of knowledge. Building rapport leads to greater harmony, and then possibly money. Good will can be as good as cash. Understand people like billionaires, industry leaders, your role models, your target customers and typical customers. See the perspective of people you’d like to do business with.
  21. Remember, Warren Buffet, one of the richest 5 or so people in the world, detests risk. Know what you are doing. Don’t randomly gamble. Ask yourself if it’s possible to overcome the odds. Find out how, if possible.
  22. You will generally perform better, if your health is good. Visit our Health is Wealth page (see Videos tab), and see if that info helps you.
  23. To get rich, you need to get control over your emotions and your behavior.
  24. Non-traditional education, and practical experience will doubtlessly prove more valuable than theory, thought, and indoctrination in school.
  25. Pay attention to your agenda, not the agenda of the news and entertainment media. Be concerned with your balance sheet and income statement more than some crusader’s agenda.
  26. Remember what Kiyosaki says: Rich people build networks.
  27. You might want to avoid advice from people who lose nothing when you lose taking their advice. Make sure your MasterMind is absolutely committed to each other’s success. You might want to learn what your boss and financial advisors know.
  28. Keep in mind you can/could make a huge difference to many people.
  29. Cut losses short. Let winners run. This saying applies to many things in life.
  30. Learn as much about your field or dream field as you can, even if you have no start now. Remember, luck is where preparation meets opportunity.
  31. If you are seriously going to search for the best wealth building opportunities on the planet, bring a friend to the Independent Wealth Yahoo Group.
  32. I saw a sign that said “rent kayaks.” That could be a good idea.
  33. Again, build your list(s) even if you are not completely sure what you will sell or tell your subscribers.
  34. Be very wary of crooks, trolls, and idiots angling for your savings and seed money. Sometimes the scandal is what’s legal.
  35. When everyone, the dumb money, people in hiding…everyone is in on a craze, do two things: 1) get out and 2) determine if, and what you should sell to the people in the craze. And it’s probably a side-business.
  36. Make an app that drives customers to your business location or to your web site. You could also make an app that complements your existing products. A stand-alone app probably won’t make you rich.
  37. Publish your Kindle eBooks to paperback. My paperbacks outsell my kindles 3 to 1.
  38. If investments are your vehicle to sick money, you need to start an investments company, hedge fund or private equity firm. Owning stocks alone will only get you so much wealth. Look at the Forbes 400 and see how many hedge fund managers are billionaires.
  39. Remember there is no honor among thieves.
  40. Your TV leaves you a rat in a cage, so kill it. Do some market research, or ride your bike, or read investment newsletters instead. Watch the movie ‘Idiocracy.”
  41. Establish a cashflowing business before you invest in rental real estate. Getting paid to work is not cashflow. Let employees handle sales, etc, while you look for deals.
  42. Banish all excuses for not starting small.
  43. Keep in mind most penny stocks are a total rip off. Also keep in mind that some mega companies aren’t going to get much bigger.
  44. Pitch your potential business or investment idea to a kid for feedback. Or try the pitch to your MasterMind.
  45. If you read a report or newsletter about a speculative stock, be sure to research the company’s competition. Compare the 10K and 10Q to more widely held or more highly rated companies.
  46. Insider buying is a good sign, not a guarantee, but a good sign. Stock buyback plans and investments by funds are a good sign too. At Guru Focus, you can get a list of stocks with insider buying, guru buying, and a stock buyback plan. Those odds are better than most.
  47. If you’re going to work for someone else, work where there is incentive for excellent performance.
  48. Read about “Growth Hacker Marketing,” especially if you sell digital products.
  49. Don’t invest exclusively for dividends if you have little capital.
  50. Familiarize yourself with financial statements, like company profiles on Yahoo Finance, if you don’t understand them. Know what the price to earnings ratio, price to book ratio and other ratios and figures mean. Read 10K and 10Q reports from your company.
  51. Read articles about new web sites and start-ups. This may help you identify trends, and stimulate ideas you could use.
  52. If you have enough hard to find practical information, publish a book. Charge a premium.
  53. Remember, in real estate, they say your profit is made when you buy.
  54. When deciding between capital gains or cashflow investments (or both), remember your income stream from cashflowing investments could go up nicely over time. That’s an often overlooked concept.
  55. You’ll get far richer selling shares of a business you built than buying shares of a company.
  56. Break Parkinson’s Law, by not spending money or taking on debt in anticipation of future income.
  57. Build (virtual) monopolies. Competition limits profits. (See Zero to One, by Peter Thiel)
  58. Be first or be best (or both) to market. Maybe you can establish the first or best foundation, institute, business, or nonprofit.
  59. Solve bigger problems. There are many problems not limited to affordable education, clean energy, clean water, sanitation, housing, (space travel), earthquake proof buildings, etc.
  60. One day, the system of printing of money and issuance of debt will collapse. But in the meantime, the bears are wrong all the time. I’d invest with the Fed for the time being.
  61. Look for asymmetrical risk/reward. Determine if your business or investments reward is greater than the risk.
  62. Rather than buying an oil stock, why not invest in oil exploration directly?
  63. The race to wealth is a marathon, not a sprint.
  64. For real estate, can you enhance a location?
  65. How could you profit from a debt bubble, a crisis, or an emerging trend? Try to think of more ways than buying shares at the bottom. Determine which shares to buy. Watch your potential picks.
  66. Learn the definition of words related to subjects you want to know. As Kiyosaki says, “Words are tools for the brain.” “Words are free.
  67. During some quiet and reflective time, ask yourself what you’d do if you had to raise capital or start a business or where to invest a windfall.
  68. Ask yourself: How can I serve more people?
  69. Ask yourself: How can I do more with less? (as Kiyosaki says)
  70. Ask yourself: Where do my target customers hang out online and offline? How should you advertise to your target customers?
  71. I know of a guy who sells used medical equipment to hospitals in the 3rd world through EBay.
  72. If you are in a developing nation, what could you sell to U.S., Canadian, and European customers?
  73. Make a video game or a series of video games that complement a business, industry, or academic subject.
  74. Make a list of times when you reaped the biggest windfalls. Strain your brain. Which of your ideas could you do again and again? Compare notes with your MasterMind.
  75. Examine your excuses. Are they lame? What can you change? How would you change? Are you listening to too much idiotic commentary? Can you replace any self-defeating beliefs? Are you spending time with the wrong people?
  76. Farmland, anywhere in the world could/should be an excellent investment. The demand for organic food is growing.
  77. Remember, buy quality investments at bargain prices. This requires patience. This may require a good team. This requires you to look at many deals.
  78. You can learn everything a fund manager or financial writer has learned.
  79. Don’t be reluctant to spend months or years mastering a skill.
  80. Hire a bookkeeper.
  81. Prepare for opportunity (or other events, goals, etc.) while it’s easy.
  82. Are you able to work 60+ hours per week?
  83. Many billionaires have excellent photographic memories.
  84. Taking action and doing good work tends to increase opportunities.
  85. Quit any wealth building strategies that are not helping you financially.
  86. Don’t accept financial advice from angry, frightened, or irrational people. Generally speaking, avoid people who constantly bait or troll honest harmless people.
  87. Patience and self-discipline are key to finding and executing the best deals. (i.e. keep your hands off your emergency fund. Don’t listen to an excited salesman, etc.)
  88. Every mom used to say, “If everyone else jumped off a roof, would you too?” This question applies to personal finance, business, employment, investing, and health.
  89. In Wall Street, Gordon Gekko said, “Money never sleeps, pal.” Robert Kiyosaki’s books say, “Money has velocity.” Study the movement of money. Follow the movement of markets and your theories & hunches.
  90. Warren Buffett said, “Public opinion polls are not a substitute for thought.
  91. Tai Lopez says to invert your thinking. What could you not do in order for your business to fail?
  92. A good question to ask is what would prevent you from being ruined by wealth.
  93. Do not let money control your emotions.
  94. You probably want cash and cash flowing assets more than you want credit, status, recognition, etc.
  95. If you are concerned about being displaced by robots, you could learn one or more robot programming languages (WSFN, EusLisp, Logo, etc.)
  96. Cooperate, collaborate, and share answers with your spouse, MasterMind, forum, team at your work, etc.
  97. Buy large lots of a product, like 100 1 oz silver rounds, and then sell small lots with a mark-up.
  98. Don’t wait for the government with it’s 19 trillion dollar debt to step in and fix everything.
  99. Again, find work you enjoy.
  100. Read Rule #1 Investing.
  101. Get in the habit of making lists of excellent and workable ideas.
  102. Be aware of any type of major change occurring that affects you or your investments or employment
  103. Research new retail chain stores in person and check their financials online.
  104. Determine whether to buy gold/silver miners when said miners are oversold.
  105. Keep in mind technology and economics pretty much will overwhelm and transform politics, labor unions, cultural traditions, and long standing industry, and any resistance these societal segments offer. Keep in mind profiting from investing in disruptive technologies can take several years.
    Using new technology in your business might not take long to implement at all.
  106. If you’ve done your research, guard against being shaken out of a solid investment by commentators or marketers.
  107. Financial markets and math do not care what your demographic make-up is. Your bets just have to be right.
  108. Usually an IPO will rise initially and then cool off. This is usually the best time to buy shares if you were already going to buy.
  109. Just like the ACA, TPP, and Kyoto could never happen, a bail-in (MyIRA) could never happen. So, I’d have cash, bitcoin, and investments outside the U.S.
  110. As Charlie Munger says: increase your worth-a-damn factor. (H/t Tai Lopez).
  111. Never reveal any competitive or unfair advantages you have.
  112. Prevent and point out financial and material waste for your employer. Help your employer save money and stretch their dollars and they may help you in return.
  113. Read this article from 2006.