Wealth For Teens
Tips on Making Money, Investing and Personal Growth


Personal Growth

May 3, 2010

How a Homeless Guy Can Become Rich in 7 Steps

I always tell my friends that nothing is impossible, and that if you try hard enough, there will always be a way. Sure it might be extremely difficult, and near impossible, but there is definately a way, if the person want to achieve whatever he or she wants to achieve bad enough.

Today while I was in the city, we passed a homeless guy. Now he doesn’t look like he has any disabilities, and although appearance wise, he looks a bit worse for wear, he looks to be in okay health wise. Now there could be any number of reasons why he is on the streets begging for money, it could be that he was unlucky in business and lost everything, or perhaps he lost it all in gambling or maybe he used his money feeding his drug addiction, we just don’t know. But my friend asked me.

“Will, you say that anybody can be rich and successful if they really want to, now this guy is in a fairly terrible situation, what chance does he have of becoming rich?”.

I resisted temptation to make a smart-ass comment about how he might stumble across a lotto ticket and win (which ofcourse is always a possibility!), but I decided to give it a good thought and see what I can come up with.

Now some of you will probably say what I write below is too farfetched, and I kind of agree, but I also believes that where there is a will (if the guy really wanted to) and a way (he could see defined steps on howto reach his goal), there is definately hope, and sometimes hope is all we have and need.

P.S I wrote this from a first person perspective, I imagined myself to be in his situation, and steps I “Could” take.

  1. Change my sign from ‘Please give me some money’ to ‘Help me change my life, I don’t want your money, give me food and clothes, plus old books you don’t read anymore, I want to improve myself’.
  2. Instead of spending my whole day, say…16 waking hours feeling sorry for myself, I will use these 16 hours to learn and improve myself. It doesn’t matter how much I learn or how much I understand, if I learn just one word a day, thats over 300 words in a year. Which is infinitely better than if I had sat begging and doing nothing for the whole year.
  3. Out of the thousands of people who walk pass me everyday, at least one of these people might find what I am doing inspirational and perhaps worthy of a news story. They might be a journalist, or know somebody who is, or maybe they will just write the story into a newspaper.
  4. A newspaper article would expose my story to thousands of more people, one of which might be particularly wealthy and have a very charitable side. He or she might see me as kind of a potential inspiration for all others in the same situation, that we can all do something, no matter how small, inch by inch, we can crawl out of our hole. They might decide to give me a chance to teach and speak to inspire other homeless people, and get paid in return.
  5. I can use my new status to network with people who know much about personal growth and wealth creation. They can teach me on how-to manage my finances better and avoid getting into the same situation I was.
  6. Having lived through such harsh conditions being homeless, I will likely have a lower expectation of living standards, I can easily adapt to a more frugal (cost effective) lifestyle, and less likely to waste my money on luxuries and instead save the money.
  7. I could then discover the power of compounding, and realise that, if I just put away all the money I don’t need, and invest them for my future, I could end up with a very large sum of money.

So there you have it, 7 steps that a homeless guy could possibility take, to turn his life around and become wealthy in the process.

Now I admit, some of these steps does contain a degree of luck, and it does not factor in many unforseen situations that could effect a homeless person. But my goal was to show that, it doesn’t matter where you are, perhaps your struggling under the burden of debt, maybe someone special in your life has left you, and your struggling to cope. Whatever situation, no matter how low you are, there will always be a way out.

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.



About the Author

William Chen
My name is William Chen, and I'm a 22 year old Student/Businessman/Web Marketer from Australia. I have over 10 years of business experience already under my belt and have founded 2 web companies. My passion is to strive for wealth, success and the ability to make the most of my life. And in sharing my knowledge to help others, as I believe one cannot fully understand something, unless they can teach it. For my full story, read here.




 
 

 
Ted Williams Homeless

4 Amazing Homeless People Saved By The Internet

Tweet 1) Ted Williams, The Man With the Golden Voice Gets a Job, Fame “I have a God given gift of voice. I’m an ex-radio announcer who has fallen on hard times. Please! Any help will be greatfully appreciated. Thank...
by William Chen
3

 
 
mozart

Top 10 Child Geniuses of All Time

Tweet There is not a person more likely to make you feel stupid and lazy than a child genius. Whether these children are born with a superior mind or a keen sense of motivation, it’s hard to tell, but here is a list of some o...
by William Chen
0

 
 
financial-freedom

6 Things You Can Look Forward To When You Have Money

Tweet These who read my blog regularly will know that when I talk about Wealth, I am not always talking about driving a Ferrari, or buying your own Island (Although I plan to do both). Rather, Wealth is achieving what’s...
by William Chen
6

 

 
goals

10 Great Quotes on Goals

When we are motivated by goals that have deep meaning, by dreams that need completion, by pure love that needs expressing, then we truly live life.
by William Chen
1

 
 
conrad_hilton

How they succeeded: Conrad Hilton

Tweet Conrad Hilton was one of eight children and was born in San Antonio, New Mexico. He would eventually go on to form one of the largest and most prestigious hotel chains in the world. His first taste of business began helpi...
by William Chen
1

 




6 Comments


  1. great post as usual!


  2. andy

    This article is horrible. From the perspective of a homeless guy; was very useful.


  3. Haha, yeah, if you were homeless, wouldn’t be very pleasant to start with unfortunately


  4. Krystyl olson

    I can really relate with step #6
    though we are not homeless, my husband and I find ourselves lately in a very tight spot, him being hurt on the job, and finding it hard to find employment, and me being pregnant on Maternity leave (early as I had health issues)
    …plus baby on the way makes it even more stressful!
    though we had thought ourselves VERY frugal before hand (Using Coupons, Buying Locally grown produce, shopping at thrift stores)
    it took us to get to this state to realize just how much money we actually used frivolously. sometimes it just takes experience to realize just how far money can go. yes, some of your steps seem farfetched, but at the same time, realistic.


  5. Donna B.

    Great post, and important for people to realize they need to take action rather than be a victim.



Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

CommentLuv Enabled