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A plan to acquire high rates of return for a small investment. Also known as 'get rich quick schemes'.
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How to get rich the quick way
1. Make a one hit wonder song! Take for example Hurricane Chris, Asher Roth, or J-Kwon2. Make a product, market it and then sell it. People will buy anything!
3. Start networking and work your way into Hollywood and get into a movie. Remember- its all about who you know.
4. Search for buried treasure
5. Invest in "penny stocks". Stocks that promise up to 13,000% return!
6. Start a blog and get a few suckers to follow you.
7. Click on google ads that promise to make you rich.
8. Become a sports star. With a few weeks practice I'm sure you'll get there!
more to come...
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How to get rich the Slow way
"Step 1: Get a well-paid job This is a reasonable amount of work, and takes a few years, but it's a virtually guaranteed way to make a good income. If they're willing to put in the work, almost any intelligent person can get a job paying $100,000 or more within the space of a few years. While it's not easy, it is by far the easiest and most likely way to secure a good income. In fact, I've already written an entire article on how to get a job paying more than $100,000 a year for those who wish to pursue this avenue.Step 2: Get good tax advice However you make your money, your number one expense is likely to be funding the government. In most developed countries, the average worker pays around 30% of everything they earn straight into the taxman's pocket. If you've taken my job advice, you'll most likely pay even more than that.
While taxation is necessary to fund the good things governments provide, you don't do yourself any favors by paying more than your fair share. If you're serious about building wealth, get a good accountant who understands how to legally minimize your tax bill.
Step 3: Save 20% of everything you ever earn As soon as you get paid, arrange to have 20% of your income removed into a savings account. Many banks can do this automatically for you. Keep your savings account separate from your spending account, and you'll barely miss this money.
There's a saying in economics "expenses rise to meet income". This means money that's easily available to you is certain to be spent. That's why most people's paychecks disappear before their next payday. They get used to having a certain amount to spend, and habitually run down their bank account.
Have your savings moved somewhere it's a hassle to get them out of to avoid this risk. Many high interest accounts require you to give them a few days notice, which is ideal for this purpose.
Step 4: Conservatively invest the funds that build up in your savings account Once a month, go into your savings account and divide the money by investing it into the three core conservative assets: shares, property and cash. Open a mutual fund account for shares, a property fund for property, and a money market fund for cash. Look for share and property funds that invest in a broad range of assets and most importantly charge very low fees. An index fund is ideal for the shares. An index of property funds is ideal for property.
Put an equal amount into each account. This will diversify you against risk in any one particular asset. If you're younger, this rule is a little bit flexible, allowing you to take a little more risk and put more into shares and property if you like.
Step 5: Reinvest any income you get from your assets straight back into buying more assets Mutual funds and property funds pay dividends. Money market accounts pay interest. Don't take this income into your spending account. Instead, select the option to have it reinvested into the fund that generated it.
Step 6: Never touch these funds and do your best to ignore them The business press, like the mainstream press, loves a crisis. "Shares to skyrocket" or "Property to plummet" headlines will sell many more copies than "Things to continue steadily". All markets go up and down. Every day, some speculation will be published about some crisis or opportunity.
Ignore it all.
Just keep putting the 20% into your assets. Sometimes they'll go up and sometimes they'll go down in value. But over the long term, they'll almost certainly go up.
Step 7: Wait a decade Do what I've outlined above and in a decade you'll be rich. Sure, you won't be Bill Gates, but you'll almost certainly be in the top 20% of wealth holders. Wait another decade and you'll be in the top 5% or higher.
That's the plan. It's not the most exciting or glamourous way to build wealth, but it's the easiest. Quite simply, this is how most rich people got there.
You too can join them, if you follow it."
Source: http://www.paulstips.com/brainbox/pt/home.nsf/link/15102006-The-easiest-way-to-get-rich
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bubbleinfo.com » Blog Archive » Get Rich Quick
It's those get rich quick folks and flippers that scare me in this market the most. They snatch up the low end fixers at auction with hard money loans and ...bubbleinfo.com -
How to get rich quick with the iPhone. Maybe. « Blogging Censorship
Tags: apple, iphone, nine inch nails, trent reznor, kama sutra, get rich quick, iphone app, iphone applications, green day, walmart, ebooks, ...ncacblog.wordpress.com -
Seth's Blog: Get rich quick
As long as there have been people who want to get rich, there have been get rich quick schemes. The guys who sell mailing lists have a name ...sethgodin.typepad.com -
Get-rich-quick scheme - Wikipedia, the free encyclopedia
A get-rich-quick scheme is a plan to acquire high rates of return for a small investment. Most such schemes promise that participants can obtain this highen.wikipedia.org STUPID "GET-RICH-QUICK" SCHEMES I HAVE ENCOUNTERED
Dead giveaways that the "get-rich-quick" scheme you're thinking of sending away for is a total waste of your money... If the advertisement star...geocities.com
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