Truth on How to Get Rich Quick

by on April 3, 2011

Getting rich quick is one aspiration that we all have in common. The road to reality is very different from our fantasies and desires of getting rich fast. I have failed in many businesses before and learned lesson of lifetime from all the mistakes which I’ve made.

I’m not going to tell you the fantasy ways to get rich but more of practical ways which will help you build wealth in a short time compared to other methods but first I would like to share some illusions that many people have about getting rich overnight.

Secret to Getting Rich

I’m not going to tell you what the secret is because there is no such secret of getting rich. It requires systematic planning, taking good financial decisions and right investments at the right time for good returns.

Photo Credit: Inmagine

When it comes to investment people look for something where they can multiply their investment 4x or maybe more than that in a short tenure. After making quick losses it doesn’t take much to realize that the best method of investment is to invest somewhere safe which will also give you assured returns.

The reason swindlers are successful in persuading people is because they know what their weaknesses are and by showing huge returns in near future and how life will be different with so much money they are able to create a perception and people don’t mind paying small amount expecting returns of 100x or 200x.  Ultimately these people end up losing whatever money they had given to these swindlers and how easily they made fool of them.

The wise thing would be to take your big financial decisions after gaining some knowledge and experience.  It will help you eliminate the risky investments options and you can invest in areas more secure with good returns.

How Quickly Do you Want to get Rich

Have you evaluated any time duration and how much money you want in that time? This part is called goal setting, which will help you realize your dream in a practical way. You will get acquainted with the possibilities of moving towards your goal in best possible way.

Imagining or fantasizing all day long about getting rich wont help at all. Achievements are not made on vague ideas in thin air, it’s time get your goal on paper and start working for that in a systematic way.

Relying on the Luck Factor

To become a millionaire you cannot feed your life on luck, you have to have skills which will help you move forward in life and eventually which will open doors of success for you.

Even a lottery winner doesn’t win for the first time he buys ticket. Which means that getting lucky at something is not easy. People who have won millions in lottery tickets had been playing lottery for years until they got lucky.

Not Willing to Sacrifice – Working in comfort zone

In life nothing comes for granted, you have to pay for every little thing in life. You will have to sacrifice your comforts to get where only few reach.

A life of a star seems extraordinary and almost everyone desires for that kind of living but these people have to make big sacrifices to reach where they are. A movie star works for hours and hours continues and many a times when they are shooting for a movie they don’t sleep for 48hours or more. Most of the stars suffer from sleep deprivation. A soccer player, cricket player, Olympic athletes and other sport stars stay away from their home and family for months to practice and play games.

These guys cannot modify the schedules as per their comfort, millions and millions of dollars are at stake on these guys and they are also bound by the contracts with private companies.

If you want to be a millionaire then you will have to sacrifice your comforts like sleeping for long hours, going out at weekends and other stuff which you do for entertainment. Get out of your comfort zone and do things which others wont do. Try to give in your extra efforts in your work, learn to go the extra mile.

The best things in life take time to happen, you have to be persistent in life, no matter how many times you may fall if you have the strength and will to get up each time and move on then success will surely come knocking at your door.

Some Legitimate Ways to Get Rich Fast

These are some of the methods which can turn you into a millionaire fast compared to usual earning methods.

Lottery

To win a lottery you need to buy a lottery first. Who knows when you might get lucky, so test your luck with lottery and you might end up winning some.

Gambling

Gambling is not legal in all countries but if gambling is legal in your nation then try your hands at gambling once in a while. It’s true that house never likes to lose but if its your luckiest day then there wont be anything stopping you. One more important thing about gambling is to know when to stop because if you don’t then you might end up losing whatever you have won.

Stock Market

Stock market is a gold mine if you invest in it wisely. Many people lose money in stock market because they invest their money on their fate and in stock market you cannot survive on fate. You need sheer knowledge of the stock market and a sense to invest money in right stocks at the right time.

Warren buffet invested some $500 Million in Petrochina at a price of $20/share and few years later sold it for 7 times the price and made $3 Billion from this investment.

By understanding the movement of the market and what causes the stocks to move up and down, you can also make most of your investments.

Treasures

Finding a treasure is like finding a needle in a haystack. There have been millions of shipwrecks worldwide and many of these ships are believed to be carrying jewels and diamonds worth of trillions of dollars and they are yet to be found.

Sell a Business Model

If you have a creative business idea in your mind which can hit big time, then get on working with it and bring your business on the floor. Look for angel investors who would be willing to invest in your business plan at the initial stage. When your business starts flourishing, you can sell your company stake for millions of dollars.

Note: The business idea has to be unique and investors will only put their money if they find potential in your business plan.

Invent something which will change people’s Life

You can invent technology, medicine or anything which will help people. E.g. If you are a programmer and if you can manage to invent a software which can stop music piracy then I believe you will you wont have to worry about money every again.

Music industry faces billions of dollars in losses worldwide due to the music piracy and companies wont mind paying you royalty to use your technology to stop people from music piracy.

When it comes to making money you cannot rely on lottery, gambling or treasure hunt. Life brings many opportunities with itself and it’s our job to recognize those opportunities and make the most of them.

Opportunity is missed by most people because it is dressed in overalls and looks like work.

-Thomas Edison

{ 6 comments… read them below or add one }

Bethel April 13, 2011 at 9:04 am

I was blessed by all your articles. Keep up the good work. God bless you!

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fashion blog June 30, 2011 at 5:04 am

is there really a quick way to get rich?
i think luck comes into play and drive and determination
lazyness is out of the question..!
but i agree with you especially point number 1
thats is crucial

Reply

JOY DEY October 20, 2011 at 2:41 pm

There are tens of thousands of secret ideas to getting rich. But these are open secret indeed.

Excellent article. Good work. Keep it up.

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rayman December 8, 2011 at 1:09 am

I luv your blog. Got me inspired. Please keep up the spirit.

To be rich, u must have guts and take risk! its always a gamble.

http://www.bestcasinomethod.com

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Nicholas December 28, 2011 at 10:53 am

Wonderful article. Really encouraging. I found some of my mistakes through this article and try to correct it and succeed. Thanks for all the effort the author made to help people.

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venkatesh November 3, 2012 at 11:03 am

Good views on how to get rich . Commenting on both positive and negative ideas is really practical . Thanks for the guidance.

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