Tuesday, January 23, 2007

Get Rich Quick Lies

Get rich quick. 200 percent ROI on investment guaranteed. Make millions at home on your desktop in minutes a day. Sounds familiar doesn’t it? How has it been working for you so far?

There is danger in looking for better and quicker ways to get rich in the form of a "secret" software programs, short cuts, insider information and easy, "overnight" success from your desktop without putting in the necessary time and effort.

As an entrepreneur you are always going to be tempted to take a short cut in the process of getting rich and attaining wealth. Your very nature of attaining a goal quickly and fast than the majority makes you the perfect target for snake oil salesmen and foolproof methods of attaining massive wealth. But let me ask you this; “If a short cut did exist, wouldn’t word have spread rapidly already?” I mean come on, we’ve been on this planet for thousands of years and what is the most repeated financial advice you hear on getting rich? Save 10% of your income an invest it long term with a return of 3-6% interest.

How long will it take before you can live off that? Well let me clarify. How long will it take before you can live of the interest from your principal and not touch the principal? The answer? It’s going to take a while. What you should really be thinking however is “Sweet! I’ve found a sure thing.” The great thing about sure things is that if you have a workable system, you can always speed up the process.

Let me put it to you this way. If you were in a battle to save your village and way of life from the armies of darkness, would you have a plan A and a plan B? Of course you would and plan A would be the dream plan. Every thing goes perfect and a decisive, quick victory with minimum loss would be yours. Plan B would be the worst case, dragged out, attrition type of victory. The bottom line is however; no matter what occurs between your two plans, victory would eventually be yours. If you never made a plan B, best case puts you as a slave to the armies of darkness and worst case has you pushing up daisies.

In the book “How To Make One Hell Of A Profit And Still Go To Heaven” by Dr. John F. Demartini, saving is a cornerstone to attaining riches. Same thing with “The Richest Man In Babylon” by George S. Clason. How about “Cash Flow Quadrant” By Robert Kiyosoki? Yes is the answer again.

Dr. Demartini lays it out very simply in his book mentioned above. Go to a financial investment company and set up a money-market account. It should return a safe 2-6 percent that will beat inflation and continue to grow.

Every month, have 10 percent automatically withdrawn from your regular bank account and deposited to the unlimited wealth account. Lastly, increase the withdrawal amount by ten percent every three months. For example if you are saving $100 now in three months you will have $110 withdrawn every month. This continues forever.

There are a couple things at work here. This plan is automatic, safe with a geometrically increasing rate and its permanent. That’s a guaranteed way to wealth. Now that your plan B is covered, you are free to look at best-case scenarios because even if your schemes fail, you will eventually be rich anyway.

Now you can play with real estate, stocks and investing in business start ups. The best part is that you can do this with a sense of adventure and play instead of survival and desperation. The reason being is that your riches are guaranteed by a method passed down by the masters.