The Attitude you Need to Become Rich - Written by me, WOW multi-millionaire.

[Sklug]

Let me start off by saying that this is not the guide that gives you the simple answer to make gold, because there really is no simple answer. This is the guide that tells you the hard truth on how to become rich, and at the end of the day, it's up to you to make it happen. At the end of the day, there is no SILVER BULLET flawless thing to buy and sell to get rich, or to craft and get rich, or to farm and get rich. If you REALLY want to get rich, it's all about attitude and consistency.

My Background

I'll make it short and sweet. I never tried getting rich in WOW until near the end of WOTLK olled around and I realized it sucked not being able to buy everything I wanted. I had been playing since vanilla. I struggled like everyone else to pay for epic riding and flying back in the day. That expensive Traveler's Tundra mount was far out of my grasp in WOTLK at 16000g and I think everyone wanted that beauty. Then, I had an awakening. And, in that awakening I started making money, a lot of it. And, it just kept coming. I hit my first million only 2 months after Cata's release, donated 700k to the guild bank, and started over, to which now I comfortably sit on several million (with my eyes set on 11 million cap!). It is AWESOME!. I'd probably have less if my server actually had decent stuff show up on BMAH but nothing has yet lol.

So, what was my awakening? What did I realize? What is the big secret?

ANSWER: CONSISTENCY!!!!!!!!!!

If you want to learn how to become rich you are going to need to learn this one spiel that I am about to give you.

CONSISTENCY IN ROUTINE!!!

The trick to making money is consistency.

Let's say all you have in your bags is 1500g and you are thinking to yourself, "Oh this guy is only getting rich because he already is rich, and we all know that it's easier to make gold once you have gold, but it's HARD to make gold if you don't have any to start." You are right, these are valid points. HOWEVER!!! You need to open up a little and listen to what I am telling you.

So, let's say you have 1500g right now, nothing else, except maybe a farmer (herb or ore) and that's your main way to make gold, even though the botters have tanked prices to 30g a stack on your server. Let's say now that you FARM for 1 hr p/day, 6 or 7 days a week. In 1 hr, let's say you get 30 stacks, that's about 1000g right there. Or, maybe you check the AH and notice there is no Fel Iron Ore, and since so many are lvling BS right now with patch 5.2 notes, you can farm for an hour in outlands and get Adamantite ore and Fel iron ore and sell for 150g - 200g a stack or more!

This may not seem like very much for that hour you put in, but if you are CONSISTENT and you commit to 1 hr of farming a day for 7 days, all of a sudden you are now selling 7000g of herbs/ore a week minimum, or 28-30k a month, and that's BEFORE even looking at other professions, or other areas, or reselling greens that drop from dungeons or questing, etc... Imagine if you just committed to farming 1000g worth of materials 1 hr each day a week!!! All of a sudden in 2 weeks you are sitting on nearly 15k if you did NOTHING else for a mere 1hr a day. This doesn't include dailies, other drops you might've had in dungeons and sold, or any other rewards.

Now don't limit yourself in thought now and say "YAY, only a year of farming and I can get my spectral tiger mount!" You need to realize that this is just the start of big things to come, but you have to start small, and in starting small, you MUST BE CONSISTENT, you MUST HAVE A ROUTINE, you MUST DO IT DAILY!

STOP SPENDING GOLD NOW!!!

There's a saying, "You don't get rich by spending." (Not referring to INVESTMENT spending in which you do, but referring to buying things that don't have a return). If you want to make a fortune, you need to first gain a small pile of gold. The more gold you have, the easier it will be to make gold. With only 1.5k gold, you would never consider the possibility of buying an item off the AH for 8k gold and reselling for 12k, a 50% profit gain, or let's say, even 10k, just a 25% profit margin. However, when you have 40k gold, that might be a worthwhile risk, if you think it will sell quick. Now, Imagine if you had 250k gold and you could now do that same flipping with 20 items instead of just 1, and all of a sudden, you are now making 50k+ in profit.

BUT, until then, SAVE YOUR GOLD!!! Don't buy toys, don't buy gear off the BMAH, or reg AH. Stop spending gold on pets you don't need yet... I can't believe how many people are like "YES, finally have 15000g, never had this much before!" and then they buy mechano-hog and are back to 500g." The true rich gold makers in the game understand one thing about making money - PATIENCE. Hold out on the fun toys for now, until you can buy them without it hurting your opportunity to use the gold to help you make more.

So, my advice to you is find something you can do consistently but won't burn you out. Farming is not a bad way to start. Set a goal to farm 1000g worth of materials a day and just SELL SELL SELL, no buying. Do that for a week, then 2 weeks.

Eventually, you might be able to buy a few toys here or there and spend it, since it's no fun if you NEVER spend it, but patience and CONSISTENCY. I am telling you right now, the only reason I STILL continue to make money is because I still have a successful money making routine. I have seen guys make 50k, or 100k, or 200k gold and then all of a sudden they hit a wall and stop gaining and wonder what is up, and EVERY time it is because they got complacent, stopped their routine.

NO SILVER BULLET

I will tell you how I made a lot of gold so far in MoP though it may be a little late for you to jump in on this with 5.2 around the corner in DMF trinket sales probably going down a little. Well, I learned that in the BETA, to make DMF cards, they were on a 1 day Cooldown. So, knowing that these trinkets were going to be BiS (regardless of ilvl), I made myself 10 scribes, since inscription is so easy to level. That way I was making 10 cards a day. YES I had to invest a lot of startup gold for the herbs, but it paid off BIG TIME. When the first DMF rolled around I had 18 trinkets, most people were lucky to have 1 or 2. I sold all of them from 50k to 125k gold. Then, I got hungry... I started buying other people's scrolls, realizing the profit margins were high since herbs were so plentiful, and I got it to the point where my costs to make my own cards were 250g, and off of others about 500-550g, easily profitable. This last DMF I managed to craft over 70 trinkets. Now, the supply depresses the value a little, but since the quantity I am selling, it's easily another 300-400k in profit, depending on how the market goes. While it won't sustain like this til the end of MoP, it has been about 50% of my business so far.

However, I know guys that make more money than me by selling glyphs and flipping rares and epics on the AH. I know guys that make TONS of gold on a consistent ORE shuffle. I know people who just buy TCG stuff and flip em successfully at 20k - 50k profit a pop, selling maybe 1 or 2 a week. There is no set way to make your fortune. What you need to find is one thing that makes a small amount of profit, and then just repeat it daily. Before you know it you will have tons of gold. Once you start making LOTS of gold or get yourself a nice pile of it to start investing in more expensive things, you can start finding other ways to make gold.

Originally I spent all the time farming stuff myself. Now I just hire farmers. You ALL need to start somewhere. But I am telling you right now, FIND one area that you can make a small profit in, whether it's just crafting DMF cards once a day consistently with your scribe, or it's transmuting with your alch and working your farm for golden lotus, and just start doing it CONSISTENTLY. Never miss it!

It may seem small at first, but that is how you get rich. CONSISTENT attitude, CONSISTENT behavior, and STOP SPENDING on things you don't need until you actually are rich.

Here are some other things that will help you make gold and manage the activities of your CONSISTENT behavior that I am not including in this guide, since this is more about attitude than actual method. I should also note the best money makers are the ones that are well read on various avenues of money making. I'll give you some places to start:

• ADDONS (Auctionator, Auctioneer, TSM, etc)
• theunderminejournal.com (Read the blogs that are RSS fed there too)
• stormspire.net (a great WOW millionaire hangout for gold making tips)
• Check our very own Ownedcore Guides on ways to make you gold. There's tons of them. Choose one and make it a CONSISTENT daily routine

At the end of the day, there are TONS of ways to make gold, no one person can do them all. The trick is for you to just choose the one you want to do and do it CONSISTENTLY!!! Eventually, as you make more gold, you will find other ways to make gold. Just choose one, and start from there. GOOD LUCK!!!

[ev0]

Commenting here so I can read this tomorrow when i wake up, +rep when I get through it.

[WonderousKeys]

Fantastic guide!! I've been doing a lot of the exact same things you have but on a smaller scale. I was wondering how to make more than 10-15k every couple days since that seemed like chump change to me after getting about 200k. I'll start with the multiple scribes as you mentioned. Thanks for the post! +rep

[Unholyshaman]

I applaud you for the post, it's always good to see other experienced players trying to help those who are still trying to learn without fooling them with "buy this not that" kind of guides. We neeed more people teaching the philosophy of gold making rather than turning them into one-trick ponies.

I look forward to maybe seeing your application for Wind Trader rank in the Stormspire someday?

There's a saying, "You don't get rich by spending." If you want to make a fortune, you need to first gain a small pile of gold. The more gold you have, the easier it will be to make gold. With only 1.5k gold, you would never consider the possibility of buying an item off the AH for 8k gold and reselling for 12k, a 50% profit gain, or let's say, even 10k, just a 25% profit margin. However, when you have 40k gold, that might be a worthwhile risk, if you think it will sell quick. Now, Imagine if you had 250k gold and you could now do that same flipping with 20 items instead of just 1, and all of a sudden, you are now making 50k+ in profit.

For the sake of discussion and thought provocation, I'm going to disagree with this bit here. Although I do acknowledge that I have taken your point a bit out of context.

Sure, if you want to take an entire year to reach 1 million gold then by all means consistency and spending as little as possible works fine. Also it's a good idea to always keep enough gold in reserve to be able to take advantage of an opportunity when it arises.

But, one of the biggest problems that people face when making gold is being TOO SCARED to spend gold. The real truth behind being a multi-millionaire is that you make a profit when you buy, not when you sell.

Gold that is sitting in your bag does nothing for you. It's worth as much as any other few characters of text in the game. On the other hand, gold that is invested in doing something productive is worth twice as much as gold that is serving no purpose other than to inflate ego. Keep a respectable stockpile, purchase anything with a possible profitable future, create and control vertical monopolies, experiment in finding the perfect return on investment methods that require the least amount of effort...

[Sklug]

I applaud you for the post, it's always good to see other experienced players trying to help those who are still trying to learn without fooling them with "buy this not that" kind of guides. We neeed more people teaching the philosophy of gold making rather than turning them into one-trick ponies.

I look forward to maybe seeing your application for Wind Trader rank in the Stormspire someday?



For the sake of discussion and thought provocation, I'm going to disagree with this bit here. Sure, if you want to take an entire year to reach 1 million gold then by all means consistency works fine. Also it's a good idea to always keep enough gold in reserve to be able to take advantage of an opportunity when it arises.

But, one of the biggest problems that people face when making gold is being TOO SCARED to spend gold. The real truth behind being a multi-millionaire is that you make a profit when you buy, not when you sell.

Gold that is sitting in your bag does nothing for you. It's worth as much as any other few characters of text in the game. On the other hand, gold that is invested in doing something productive is worth twice as much as gold that is serving no purpose other than to inflate ego. Keep a respectable stockpile, purchase anything with a possible profitable future, create and control vertical monopolies, experiment in finding the perfect return on investment methods that require the least amount of effort...

Thanks for pointing this out, so I think I will clarify the above post a little. I was not referring to investment spending. which of course is essential to SPEND to make money. I was referring to spending gold on things that don't have a return, like toys, mounts, pets, and so on. At least not until you have enough gold in the future to play with. I will add that little tag to make it a little more obvious. Clearly INVESTMENT spending is how you make money lol. Thanks for pointing that out. And definitely you are right, people get scared and sit on the their gold which doesn't do anything for them.

On the wintrader thing... I am mostly a lurker on stormspire. I have never really contributed or thought of applying. Maybe one day.

I used to live in South Africa too btw, Kempton Park in Joburg area mainly (where the airport is at), but stayed several other smaller places too. Never been to Cape Town.

[Unholyshaman]

I think I will clarify the above post a little. I was not referring to investment spending. which of course is essential to SPEND to make money. I was referring to spending gold on things that don't have a return, like toys, mounts, pets, and so on. At least not until you have enough gold in the future to play with. I will add that little tag to make it a little more obvious. Clearly INVESTMENT spending is how you make money lol. Thanks for pointing that out. And definitely you are right, people get scared and sit on the their gold which doesn't do anything for them.

On the wintrader thing... I am mostly a lurker on stormspire. I have never really contributed or thought of applying. Maybe one day.

I used to live in South Africa too btw, Kempton Park in Joburg area mainly (where the airport is at), but stayed several other smaller places too.

I actually just edited my post right before you replied to acknowledge that I took your point a bit out of context, sorry about that I got a bit ahead of myself.

You are right though about not spending on non-return items. I usually spend a little upon reaching various milestones or in times of great need, but I'm always weighing the pros and cons and considering how much it would set me back. I definitely agree that there is no reason to spend until you are well off enough. Even things like buying cut gems or enchant scrolls, level up those professions and make yourself at half the price while benefiting from having additional gold making resources in your arsenal now.

My mother grew up on Kempton Park right where the airport is too. Small world

[Sklug]

My mother grew up on Kempton Park right where the airport is too. Small world

Haha awesome! yes it is

Thanks for the comments man

[Thaadevil]

Did this but with fortune cards and tcg flipping, made 700k in 2 months (though 3-4 hours/day) and all ny herbs came from my own botters for free Nice written guide for noobs! + rep when, I come home

[Ic3fuzion]

Fantastic, well-written guide, thanks for this!
+rep

[RNDnumbdggr]

Time = Money.

Instead of spending several hours every day doing low profit stuff, get off your lazy ass and abuse the living shit out of high profit markets when they're available.. Remember ICC BoE reserved runs? Firelands farming? X profession post launch? - they were all CRAZY high profitable, but for a limited amount of time! Get as much gold as you can when they're available and stock up gold, even if you don't really see a need for it when you're doing it..

That's just my 2 cents though.. I made insane amounts of gold in no time with barely any effort post MOP launch with the method I posted here, and it took literally no effort compared to browsing the AH for hours each day. Though if you have no gold stocked up and you need it RIGHT NOW, sure, go ahead and do this.. I'd much rather wait for something "better" to come up

[Sklug]

Time = Money.

Instead of spending several hours every day doing low profit stuff, get off your lazy ass and abuse the living shit out of high profit markets when they're available.. Remember ICC BoE reserved runs? Firelands farming? X profession post launch? - they were all CRAZY high profitable, but for a limited amount of time! Get as much gold as you can when they're available and stock up gold, even if you don't really see a need for it when you're doing it..

That's just my 2 cents though.. I made insane amounts of gold in no time with barely any effort post MOP launch with the method I posted here, and it took literally no effort compared to browsing the AH for hours each day. Though if you have no gold stocked up and you need it RIGHT NOW, sure, go ahead and do this.. I'd much rather wait for something "better" to come up

I think you are missing the point of this thread. The point about this thread is not method of making gold, it's that attitude and consistent behavior that you need to be successful. If those specific methods are your way of doing it, then by all means do that, just BE CONSISTENT about it. We could take 100 different ways of making big or small amounts of gold. This is about more the philosophy behind where you need to be mentally to make it. Thanks for contributing though.

[RNDnumbdggr]

I think you are missing the point of this thread. The point about this thread is not method of making gold, it's that attitude and consistent behavior that you need to be successful. If those specific methods are your way of doing it, then by all means do that, just BE CONSISTENT about it. We could take 100 different ways of making big or small amounts of gold. This is about more the philosophy behind where you need to be mentally to make it. Thanks for contributing though.

Ye, I know mate.. Just wanted to throw my own thoughts out there considering i'm much more of the "lean back untill it's something really worthwhile".

OP's guide might suit alot of people, but I feel like my own approach works pretty well, and especially for people who already know of this site where alot of these huge money making schemes are posted every now and again.

[bbmax]

"Time is money Friend!"

Really nice guide! +rep

[Naxos1337]

I like the guide, sure its a good guide to get you pumped up like ''Yeah, I'm going to make tons of cash!''.

But myself and many others are in a different spot, we dont know what make money and what dosen't. For example I go to the auction house and I see that someone undercut a Clockwork Gnome level 25 from 8k to 6k but I personally have no idea if 6k is a respectable price, is it a low price or a super high price for this pet overall.

Now you are going to give me the ''You have to LEARN the market'' but not tell me anything that could help me do that or just say ''Here download this addon, scan the AH every day for 2 weeks and you will see what is a good or a bad price''. Well I've tried the AH Scanners and they just don't cut it, I can never catch a really low price item and if I do, its a really under demanded item.

Just what I think over all about these types of guides

EDIT: I just realized that you now will give me the ''Find your own market and earn cash that way, thats what I do'' Well that dosen't really work since I can't find out what markets are on high demand and low supply, I'm sorry if I sound pessimistic and I also realize that a guide isn't gonna make you a ton of cash, YOU are responsible for that but I can't believe that people give these guides so much credit for, is you ask me, just a bunch of ''You go get them, Tiger!'' Bullshit

-Naxos

[Jaladhjin]

I can't find out what markets are on high demand and low supply,

That's your major obstacle..

If it were easy enough to spoon feed people buy this for this amount or less..sell for this amount & no less..always buy these..never buy these..do these things & you'll get gold forever..so many people would do them they wouldn't be a viable option any longer..

The scanners save you a time & stress giving you a decent tooltip of what's been up in the auction house & what its selling for..

The alternative is doing that yourself..being very active in the game & more specifically in the market..

If you don't endeavor to devote any time to such things & wish there were easier solutions people just aren't sharing because they want their secrets for themselves..there won't be..because if it was that easy..it'd be too easy & that wouldn't work for anyone..