Most people start to search for ways to get rich when their finances and those of the people around them are in an unhealthy state and although the old saying "money makes money" is still the case, and always will be, getting rich in a recession is still possible, although finding a get rich quick scheme that actually works can sometimes feel like finding a needle in a haystack.
I do not deny that some people do get rich relatively quickly, they win the lottery or they happen to be in the right place at the right time, or perhaps they are extremely talented and motivated. However when you see somebody advertising "How to get rich quick", as something that they can help you to do, you ought to be very skeptical.
So, where do you start when you need to get rich quickly?
There are two key thoughts that I want to share with you today that will empower and enable you to become rich no matter your financial situation. These are the two things that have set me apart from the other people I know who will live their entire lives and fail to become rich.
Before you begin to turn the wheel on your personal get rich quick scheme there are a few things you should consider. Here is a list of steps to take when preparing to get rich slowly or quickly;
Understanding the mechanics of 'how to get rich quick'
Are you a risk taker or do you like to play it safe? Do you worry if cash flow is not always healthy? Are you able to generate funds quickly and easily? How much money will make you feel rich?
Finding a balance between these two is something that we all (and all businesses) have to do. Earning money is therefore fundamentally an exchange of cash in return for service. To get rich quick, you either have to serve people more effectively by working harder or smarter for them (which won't happen quick) or you have to take more cash in return for less service (generally this can only be achieved by deception or dishonesty). The person who understanding this still wants to know how to get rich quick, needs to realise that generally speaking they will do so only at the expense of another. The stingy are eager to get rich and are unaware that poverty awaits them (Proverbs 28:22).
Can you repeat the same business model and reinvent it for today's market? Can you get access to this knowledge and ask specific questions of the people who have built a successful business through their entrepreneurial endeavors in the past? Is there a specific market that emerges in a recession and do you have the skills, contacts and funds to tap into that market?
Assets are things that put money in your pocket on a regular basis without you needing to work for it, liabilities take money out of your pocket. A rental property can be an asset if the rental income is greater than all expenses, it can also be a liability if the expenses are greater than rental income.
Can you find an investor? Can you bring in additional knowledge from outside and offer shares to get your project off the ground? Can you afford to outsource specific tasks in order to move the project forward at a pace that you're happy with?
How to get rich quick
After all, why make more money than you can spend if you don't have the time to enjoy it. "Work" is a four letter word that we associate with poverty and if you really want to leave it behind then start by reviewing your current situation and moving forward one step at a time.
I do not deny that some people do get rich relatively quickly, they win the lottery or they happen to be in the right place at the right time, or perhaps they are extremely talented and motivated. However when you see somebody advertising "How to get rich quick", as something that they can help you to do, you ought to be very skeptical.
So, where do you start when you need to get rich quickly?
There are two key thoughts that I want to share with you today that will empower and enable you to become rich no matter your financial situation. These are the two things that have set me apart from the other people I know who will live their entire lives and fail to become rich.
Before you begin to turn the wheel on your personal get rich quick scheme there are a few things you should consider. Here is a list of steps to take when preparing to get rich slowly or quickly;
Understanding the mechanics of 'how to get rich quick'
Are you a risk taker or do you like to play it safe? Do you worry if cash flow is not always healthy? Are you able to generate funds quickly and easily? How much money will make you feel rich?
Finding a balance between these two is something that we all (and all businesses) have to do. Earning money is therefore fundamentally an exchange of cash in return for service. To get rich quick, you either have to serve people more effectively by working harder or smarter for them (which won't happen quick) or you have to take more cash in return for less service (generally this can only be achieved by deception or dishonesty). The person who understanding this still wants to know how to get rich quick, needs to realise that generally speaking they will do so only at the expense of another. The stingy are eager to get rich and are unaware that poverty awaits them (Proverbs 28:22).
Can you repeat the same business model and reinvent it for today's market? Can you get access to this knowledge and ask specific questions of the people who have built a successful business through their entrepreneurial endeavors in the past? Is there a specific market that emerges in a recession and do you have the skills, contacts and funds to tap into that market?
Assets are things that put money in your pocket on a regular basis without you needing to work for it, liabilities take money out of your pocket. A rental property can be an asset if the rental income is greater than all expenses, it can also be a liability if the expenses are greater than rental income.
Can you find an investor? Can you bring in additional knowledge from outside and offer shares to get your project off the ground? Can you afford to outsource specific tasks in order to move the project forward at a pace that you're happy with?
How to get rich quick
After all, why make more money than you can spend if you don't have the time to enjoy it. "Work" is a four letter word that we associate with poverty and if you really want to leave it behind then start by reviewing your current situation and moving forward one step at a time.
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Let me show you how to be rich in a simple way that you can follow right now and be rich in a short time.
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