GET RICH QUICK SCHEMES AND SCAMS
GET RICH QUICK SCHEMES COULD LEAVE YOU IN SERIOUS DEBT
Most people are facsinated by the prospect of getting rich, easily and quickly - without having to lift a finger. Often times, it is the people we trust/don't want to disappoint that lure us with wonderful ideas to get rich overnight.
IS THERE A GUARANTEED WAY TO GET RICH QUICK?
There is no such a thing as "getting rich quickly". Getting genuinely rich follows a series of good money management habits...
1. You need to work hard
2. You need to save like a squirrel. Do not spend all your money
3. Learn how to make your money work hard for you (learn about good investments)
4. Get rid of that incurable desire for instant gratification
ARE ALL GRQS SCAMS?
Not all Get Rich Quick Schemes (GRQS) are scams or scammy in nature. Some people, in the prospect of getting rich quick, over-invest their entire savings into reputable businesses and wake up to find themselves over their in debt. Real estate or property is a common example.
HOW TO SPOT A SCAM OR A GRQS
Anything that is too good to be true probably is. Before you invest your hard-earned money into anything, and before you give somebody some authority over your money, you need to carry out a full investigation; check whether the company or entity is registered and most importantly, how it is registered. As a rule of thumb, anything that promises over 30% interest on your investment/savings, should be approached with caution.
GET A GENUINE HOME JOB
You may need to get an additional job in order to earn supplementary income that will pave your way to a financially healthier future.
FINANCIAL PLANNING AND FINANCIAL ADVISORY SERVICES: WHO WANTS TO GET GENUINELY RICH?
If you truly want to get rich, you must start being real about your finances. With every financial opportunity, there is a measure of hard work and discipline involved.
It is always better to avoid anything that sounds too good to be true. To get out of debt and start building wealth, you may need to get yourself a "financial planner" or "financial advisor" / "financial adviser" who will draw you a workable financial plan instead of falling for some get rich quick scams.