Monday, October 23, 2006
Why Get-Rich-Quick Rarely Works
You've probably seen the late night infomercials pitching get-rich-quick schemes. These usually involve making money in RealEstate, Classified Ads, and recently even the Internet. Maybe you've even ordered one of these businesses in a box.
They all promise that with a little hard work, and by working "smart", you'll be able to retire in a few years time.
JD over at GetRichSlowly.org has a great article about Casey Serin. Casey is a kid who's trying to get rich quick in Real-Estate. Here's his story:
Investing is different from buying-and-selling homes to make a buck. I suspected a lot of people would be hurting right now as the realestate boom is cooling off.
The best way to make money long term is save a little bit off the top. You do this each and everytime you make any money. Over time you'll amass a fortune. If you haven't been able to start saving money, why not try the Million Dollar Savings Club ? You can start with a dollar per day to build the habit. You can read more about it here .
Enjoy JD's article.
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