Find out the easiest ways to get rich. Everyone wants it, but few people actually know what they need to do in order to get it.
Easy Ways to Get Rich: Win the lottery
Most people dream of hitting the lottery just once, but Las Vegas resident Joan Ginther hit it an unbelievable four times. According to ABC News, Ginther won the Texas lottery four times over the past 17 years, winning $5.4 million in 1993, $2 million in 2006, and $3 million in 2008. Her biggest score came in 2010: a $50 scratch ticket that was worth $10 million. Lucky or just unfair?
Easy Ways to Get Rich: Inherit a fortune
Inheriting wealth can be emotionally difficult (and the feds will come for their share), but it is another way people have gotten rich without much work. Christy Walton—the widow of John Walton, a son of Wal-Mart founder Sam Walton—inherited her husband’s fortune after his death in a plane crash in 2005. Her estimated worth of $22.5 billion makes her one of the world’s richest people, according to Forbes.com.
Easy Ways to Get Rich: Bet on the right horse, with free money
Texas software entrepreneur Glen Fullerton won $900,000 in the Kentucky Derby this year. What’s even better: He didn’t bet his own money. Fullerton, a novice gambler, won a $100,000 sweepstakes sponsored by Churchill Downs and CNBC to bet the lot on any of the horses in the field. His pick, Super Saver, with 8-to-1 odds, earned him the prize, reported nationalpost.com.
Easy Ways to Get Rich: Get a hole-in-one for $1 million
It is a challenge even most pro golfers would fail. Jason Hargett, a restaurant manager and father of four, was a last-minute replacement in a $1 million hole-in-one competition at the Mark Eaton Celebrity Golf Classic in Utah in 2009, and he almost opted out because of a sore wrist, reported ESPN. Fortunately he decided to stay in. Hargett sank the ball with his brother’s 9 iron to win the prize.
Easy Ways to Get Rich: Buy and hold
Long-term stock investments can pay off. Lake Forest (Ill.) resident Grace Groner worked as a secretary at Abbott Labs (ABT) for 43 years. She bought three specially issued shares of the company’s stock for $180 in 1935 and held on to them over the next seven decades, reported wsj.com. The shares split several times, and she reinvested the dividends. By the time Groner passed away this year at age 100, she had 100,000 shares valued at about $7 million.