Sabtu, 06 Februari 2010
Asset Protection from Divorce in India
Rich always think of 2 things. One is growing their assets and the second is protection their assets from un eventful events such as Divorce, Lawsuits or even Jail. Asset protection is a very important thing that you should think of in your life.
Recently, Tiger Woods end up paying his half of the fortune to his wife who filed a lawsuit for a divorce. According to laws, your aseets before your marrige does not count for the division during the divorce. Also the assets which you don’t own by your name don’t count for the divorce.
Say for Example, whatever you own in the name of your company or a family business does not account for divorce. However, your joint account with your wife and the investments that you have done in the joint holding with your wife account for the division.
And this is the reason, Rich people does not own anything in their names. They own everything in the name of their companies. And that’s why during the time of divorce and other legal lawsuits, their companies stand as the independent entity which protect their assets from the divorce.
The other way to protect your asset from the divorce is Trusts. You can open a Family Trust for your children and put your assets in the Trust. So during the time of Divorce, your child does not suffer. Because your spouse can not claim the Assets of a Trust.
Protection your online Business is also very important from various lawsuits. Lern here, how you can protect your Online Business from such kind of events – Visit to Protect Your Online Assets and you will learn how you can protect your online assets from such kind of lawsuits.
Accredited Investors Club
Many of you may have heard the word “Accredited Investors” but still don’t know the meaning of this word. Let me tell you that, What it means by Accredited Investors? Well, In USA, Accredited Investors means those rich & sophisticated investors whose investable net worth is more than a million dollar according to SEC.
In other words, these are the investors, who can afford to lose their money in high risk ventures such as start-up businesses and other high risk business and investment deals. And according to SEC only these investors are qualified to invest in some high risk investments in USA such as Private Equity or Start-up Ventures.
This is because it is believed that, Accredited Investors are good in Financial Knowledge and they can understand and analyze the investments very well than the routine investors.
These kind of Investors invest in Commercial Real Estate also even without no money down. This is because they know what they are doing. You can read more about commercial real estate investment deals in Commercial Real Estate Cashflow System.
Thus, if you want to do the investments of rich than first of all you have to reach on the fast track of your life. You first have to be the Accredited Investor, than and only you can do such kind of investments which are open only for the rich.
So first of all, increase your financial IQ and get into the Accredited Investors Club and than start investing in the rich people’s investments.
Selasa, 02 Februari 2010
Investing to Become a Millionaire
Investing to Become a Millionaire
Investment is a game of making your money work for you rather than you work hard for the money. Investment is the game by which rich people multiply their money. If you want to become a millionaire some day in your life than, you will have to play on the playground of the Investment.
You will have to make your money work for you harder to become a millionaire in your life. Your money has the same potential to work like you in the economy and generate more money. The advantage of making your money work for you harder is that, your money can work for years and even decades for day and night without being fatigue.
You can not work for decades with the same efficiency for day and night. If you know how to invest, becoming a millionaire will be very easy and automatic for you. However, you will require lots of financial IQ to make your money work for you.
You will have to find good places (Assets) to park your money so that it don’t get hurt and where it can grow easily without hurting by Tax & Inflation. Yes, Tax and Inflation are the 2 major money killers. They hurt your money. So you should always invest your money in such a manner that these 2 money killers hurt your money little.
So if you have not started investing yet, start investing now. This is because Investment is the only way to become rich and financially free. The earlier you start, the earlier you will become a millionaire. It is as much easy.
So start making your money work for you rather than you work hard for the money.
Become Internet Millionaire
How to Become the Internet Millionaire?
This is the Information age and it is possible to become an Internet Millionaire in your twenties and early thirties by starting your own business on the Internet. Yes, today the whole the world is connected with the Internet and that’s why a school going kid can also start his own business on the internet and become a millionaire.
In the United States, total 250 Million Unique visitors access the Internet on the regular basis. This means that, you can find the market for virtually any kind of product and service on the Internet. Now, just imagine that, Starting your own Blog, Forum or the Internet Business means targeting these 250 Million Americans at a single shot.
And that’s why the opportunity of becoming a millionaire and a billionaire is much higher on the internet. US Web Traffic is world’s one of the most quality web traffic on the planet. and many Individuals, corporations & Fortune 500 Companies from all around the world are targeting this 250 Million high quality US Web traffic daily which combinely generates 520 Billion page views a day on the Internet.
Many Bloggers around the world are still in their twenties and they are the Internet Millionaires. Yes, the net worth of their blogs is in Millions. Read the Eyeball Valuation on Kameir.com
According to the Industry standards of the above Article, for Blogs the value of 1 unique visitor per month is US $ 10. That means that if your Blog receives 100,000 unique visitors per month than it means that it’s valuation is whooping US $ 1 Million.
About.com was sold to New York Times for whooping US $ 450 Million because it had 45 Million Unique Visitors every month. This Blog receives 14,000 unique visitors a month. This means that the valuation of this blog is US $ 140,000….!!!!
And I have created this much valuation in less than 2 years of blogging without any investment except the investment of 4-5 hours a day and my internet connection bill.
This means that, the more eyeballs you control in the Information age, the more money you can make in this age. You can become the Internet Millionaire by attracting literally hundreds of thousands of eyeballs…!!!!
How Much to Save to Become a Millionaire?
How Much to Save to Become a Millionaire?
This is the commonest question people ask me when I say them that, it is possible to become a millionaire by regular savings and investing. The obvious question is, how much money anyone should save regularly to become a millionaire one day in his life?
The US Stock market has historically given 11% annual return in the long run. Dow Jones has given 10-11% return every year in the long time horizon (More than 10 Years). So we will assume this rate of return from the US Stock market in the long run for the future.
Now, if you run the compound interest calculator than if you start investing $ 2000 every year in the Vanguard Index Mutual fund at the age of 25 years than after 40 years, on the age of 65 you will have US $ 1 Million of Corpus assuming the rate of return of 11% from the stock market.
Now, What if you save $ 4000 every year from the age of 25? Well, in that case you will become millionaire 10 years before means at the age of 55 years only means just after 30 years from you start investing. Well, see becoming a Millionaire depends on three things.
01) Amount of Money you Invest
02) Amount of Time you Invest
03) Rate of Return on your Investment
Now, What if you Invest this money in something which gives you 20% annual return? Say for Example, The Internet Business? You can expect 20% annual return from the Internet business easily. Well, in that case after 40 years, your $ 2000 invested annually will become $ 40 Million….!!!!
And you will first time become a millionaire just after 20 years means at the age of 45 years (Assuming that you have started investing at the age of 25).
Thus, how much money you should save to become a millionaire really depends on the rate of return on your investments as well as how quick you want to get rich. So Save Accordingly…!!!
Ways to Become a Millionaire
Ways to Become a Millionaire
Becoming a Millionaire is anyone’s dream in life. 1 Million Dollars is the landmark of financial success. If you reach this landmark than you can fulfill all of your dreams in your life. People ask me about the ways to become a millionaire. Well, you can become a millionaire in any field. There are lots of ways to become a millionaire.
Read here 41 Ways to Become a Millionaire by millionaire-opportunities.com
You can see in the above list that, you can become a millionaire from any field. You can become a millionaire by doing a high paying job at management level of some large corporation, by becoming a successful professional in any field, by doing a Business or by doing Investing.
There are lots of ways to become a Millionaire and I divide these ways into 4 broad groups.
01) Become an Employee (Here you work for someone else)
02) Become a Self-Employee (Here you work for yourself and provide some kind of professional service in the economy)
03) Become a Business Owner (Here you own a Business and you hire employees & self-employees for your business to run it properly and you collect money from the investors to do a business. Here a System (Business) works for you rather than you work hard for the money)
04) Become an Investor (Here your money work for you in the economy and generate more money rather than you work hard for the money like employees & self-employees)
Thus, you can become a millionaire by any one or more of the above ways. But your life will be different in all of the above ways. I Personally prefer to become a millionaire by becoming a business owner & the Investors and that’s why I have started my own Blog Business.
The only problem with becoming a millionaire by being an employee or a self-employee that, the more you will become rich, the less time you will have for your family and for your own life to enjoy. If you are doing a job at some high management level of some corporation than more you get rich, the more responsibilities you will have and the less time you will have to enjoy your life.
If you are a famous and rich doctor, you will have more money but less time for your family.
But the thing for Business Owners & Investors is different. For a Business Owner or an Investor, the more they get rich, the more time they will have to enjoy their life. Because the more their business and investments grow, the more they become independent and afford to higher high class level of business or investment managers to run and manage their businesses and investments.
Take the Example of this Blog. This Blog is my Internet Business. The main advantage of owning this business is that, the more it will grow, the more money it will make for me and more rich i will get over the time and the more rich I will become, the more time i will have to enjoy my life.
If this Blog Business grows sufficiently, I can hire a team of writers to run it even without my presence and by doing this I can add 60-80 more free hours in my life every week to travel the world and enjoy my life.
So which way to chose to become a millionaire is very important decision in your life.
Save to Become a Millionaire
Save to Become a Millionaire
People ask me the following common queries.
- How to become a Billionaire?
- Is it possible to become a millionaire in one generation?
- I am doing a job. Can I become a Millionaire?
- I earn only US $ 40,000 per year. Can I Become a Millionaire?
- Which is the best investment advise to become a millionaire?
- And many more queries like this.
Well, the answer of all of the above question is – It is Possible to become a Millionaire. All you have to do is Start Savings & Investing as early as possible in your life means now.
This is the 95% advise that anyone in this world needs to become a millionaire or even multi-millionaire. If you start saving US $ 2000 every year at the age of 25 years in Vanguard Index Mutual Fund than after 40 years when you retire at the age of 65 years, your net worth will be more than US $ 1 Million assuming the long term US Stock market return of 11% from the Vanguard mutual funds.
Your Total Investment over the period of 40 years will be just US $ 80,000. and still you can retire with a million dollar. It is that much easy. And if you can save more than $ 2000 per year, you can retire with millions of dollars.
The only thing is that, you have to start savings & investing early. The earlier you start, the compound interest will work more in favour of you to make you rich over the time. Most of the people spend lots of time behind learning complex financial products and sophisticated investment strategies. But they fail to take action. They fail to start early.
Time is the most precious element in investing. So Start Saving to become a Millionaire…!!!
How to Become a Millionaire Fast?
How to Become a Millionaire Fast?
All the people in this world want to become a millionaire and that is also fast. A Million Dollar is 10,00,000 Dollars…!!!! It means a Financial Freedom. Million Dollar mark is anybody’s dream. And anyone can become a millionaire by investing in the stock market or in some equity fund regularly and with patience for 20-30 years.
Becoming a Millionaire is not a rocket science. It just require the disciplined investing over a period of long time. Now, What if you want to become a millionaire fast? What if you want to become a millionaire in your twenties or early thirties and want to enjoy your life travelling the world, cruises and World Class Restaurants?
Now, first of all the question is that, is it really possible to become a millionaire this much fast and if yes than how?
Well, the answer is Yes. This is the Information age and in the Information Age, it is really possible to become a millionaire fast, say for example in your twenties or thirties. This is possible with the help of the Internet Business.
If you are the owner of some kind of Internet Business than it is possible to become a millionaire very fast. All the Web Property & Internet Business owners of this world can become a millionaire very fast if they really want.
Take the Example of this Blog. This Blog is my Internet Business and most valuable Asset. Just 2 years before I had nothing in my bank account. But today the Valuation of this Blog alone is in 6 figures in dollars. Yes, if today I sell this Blog than I will get not less than 6 figures by selling this Blog.
Of course, unless I sell this Blog, this Capital Gain will remain “On Paper” Only. But the thing is that, I have made this much amount of money in just 2 years of starting this blog. So This is really possible in the Information Age.
Because of the Internet, you can now make money at the speed of light.
How to Become a Millionaire Overnight?
How to Become a Millionaire Overnight?
This is one of the most common query that any Personal Finance Blogger receives. I also receive such kind of queries in my e-mail every month. People want to know that how they can become a Millionaire Overnight? So i thought that, I should tell them that What are the possible ways to become a Millionaire overnight.
Here are the 3 Possible ways to become a Millionaire Overnight -
01) Inheritance
02) Lottery Winning
03) Marry a Rich Spouse
Yes, the above 3 are the only sure shot ways to become a Millionaire overnight. First way is, you receive a large inheritance from your parents or guardians and become rich over night. The second way of getting rich overnight is that, you win a million dollar lottery ticket and the third way of becoming a millionaire overnight is that, you marry a rich spouse.
However, the chances of getting rich by all of the above ways are very very minimal.
Which are not the ways to become a Millionaire Overnight? -
- Investing
- Business (Online and Offline)
- Web Properties
- Become a Celebrity
- Become a Successful Actor, Sportsman, Doctor or any other Professional
- Become an Entrepreneur
- Start your own Internet Business
Well, above are not the ways of becoming a millionaire over night. But the above are the 100% surest ways to become a millionaire in your life.
Becoming a millionaire overnight ways don’t give you any guarantee but other ways of becoming a millionaire are surest ways to get rich. However, you will have to work hard a lot for those ways.
So now you decide that, which group of ways you want to select? The Choice is Yours…!!!!
I have chosen the second group of ways to become a rich. Means i have chosen Business, Investing & Entrepreneurship way to become a millionaire. Now, tell me that What is your way to become a Millionaire?
Senin, 01 Februari 2010
Get Rich by Saving
Get Rich by Start Saving in your 20s
Many of you may never heard the miracles of the compound interest. The Compound interest so powerful over the time that, it multiplies your wealth in a breath taking manner over the time. Now, if you are in your twenties and want to get rich in your life than the only thing you have to do is – Start investing early.
Here is the real time example.
Consider this scenario: If you begin saving for retirement at 25, putting away $2,000 a year for just 40 years, you'll have around $560,000, assuming earnings grow at 8% annually. Now, let's say you wait until you're 35 to start saving. You put away the same $2,000 a year, but for three decades instead, and earnings grow at 8% a year. When you're 65 you'll wind up with around $245,000 -- less than half the money.
You can see in the above example that only 10 years of difference in investing makes a huge difference in wealth later on. This is because of the compound interest. If you never start investing, you will never become rich and financially free.
And if you someday really want to get rich in your life than you should start investing as early as possible in your life probably in your twenties. Warren Buffet is the second richest person in the world and he started investing in the stock market when he was just 13. Today he is 80 and he has accumulated tremendous wealth only by investing his money.
Many people have a false belief that, to become rich, they need to build a fortune or do some large scale ventures in their life. But this is a Myth.
To Become rich in your life, you need to do one simple thing in your life and that is – Start Savings & Investing Early.
Yes, This is the 95% advise that anyone needs for his/her financial success and rest of the advises amount for only 5% for getting rich. So if you are in your twenties than it’s the best time to start investing.
Get Rich Penny Stocks
Get Rich Penny Stocks
Every day I receive some kind of hot tip in my junk mail box about some Penny Stock of USA. A Penny Stock is something which is trading on the DowJones at few cents per share. These shares promise you to give 100% profits in just 2 weeks or even less in time.
Definition of Penny Stocks -
Penny stocks are defined as shares that trade at a price at or below $2.00. The Security and Exchange Commission (SEC) considers anything up to $5.00 as a “penny stock,”
These are known as Get Rich Penny Stocks. And you should stay away from these penny stocks.
Internet Marketers claim you the following thing.
“If done right, trading in penny stocks can be an affordable option for those who want to get into the stock market. The profits from trading in penny stocks can become an income supplement rather quickly. For just a few hundred dollars, you can make thousands in returns if you jump on the right stock at the right time. In addition, many investors like the idea of being able to own a large amount of a good company’s shares for a relatively low cost. Trading penny stocks is also a great way to learn about the stock market without investing a large amount of money.”
But well, this is not true. The Truth is that, you should stay away from the Penny stocks.
The only way to make money from the Penny Stocks is that – You Sell them and not buy them.
Yes, if you want to make fortune from the penny stocks than promote your own company and make it listed in the stock exchange. But well, I won’t recommend this to anyone because promoting a company only for the purpose of selling shares if illegal according to SEC. and I never promote illegal things.
What I want to tell you that, making fortunes from the Penny stocks is just like selling a dream. There is nothing like get rich quick from the Investments in the world. You will have to invest money wisely and with discipline. Than and only it is possible to make fortunes from the Stock Market.
Get Rich Mutual Fund
Get Rich Mutual Fund
People ask me that, tell us something about get rich mutual funds. In fact, i receive queries like, “Give me the name of Get Rich Mutual Funds” and something like that every month. I receive these queries via e-mail. Sometimes people call me on my mobile phone and ask me about this.
Well, my answer to all such kind of queries is that, There is nothing like get rich mutual fund in this world. And if there was something like get rich mutual funds in our world than today all of would be rich and out of financial troubles.
Well, see. It is not the Mutual fund which will make you rich. It is your Financial IQ & Disciplined investing over the period of long time which will make you and your family rich and financially free.
Remember my words,
“Investment is not risky but the Investor is Risky.”
It means that any Investment does not have the potential to make you rich or poor. But it is you (The Investor) who has the potential to make yourself rich of poor. If you regularly save & invest in any 4-star or 5-star rated equity diversified mutual fund via SIP for a period of more than 10 years than you will definitely make a huge corpus at the end of 10 years.
However, the most common problem with the People is – Lack of Discipline. Theoretically it’s really easy to follow advise like – Do Regular SIPs in MFs for long term but practically it’s very difficult to follow. And if somehow you manage to follow this simple advise, you will definitely make a fortune from the mutual fund investing.
So from now onwards, don’t search for get rich mutual funds but rather than that adopt a disciplined and financial sound life style. You will definitely get rich in the long run.
Get Rich Careers
Get Rich Careers
People ask me that, which are the get rich careers? I mean which are the careers in which you can become rich? Well, according to me, you can get rich in almost any careers. The only thing is that you must be passionate about that career. Than and only you will spend more time, money and energy in that career and get rich.
Doctors, Lawyers, MBAs, Chartered Accountants, Actors, Actresses, Software Engineers and many more careers are there in which you can become rich easily if you give your full time and involvement. However, There is only one career in which you can get rich faster. And there are many people around the world who made their fortunes in less than 5 years by choosing this career.
And this Career is – The Internet Entrepreneurship
Read my Article, Get Rich Quick Stories
In the above article, I have clearly mentioned that how several entrepreneurs from all around the world have chosen to become the Internet Entrepreneurs and how they have made their fortunes in their twenties?
Internet gives you the Velocity & faster growth. If you want to get rich in your twenties and thirties than this is the best career for you. Start something online. This is because the Internet is do powerful that, it has a potential to make you rich in your twenties.
But of course, for that you will have to work hard initially and spend hours and hours online to make your fortune online. This is the time to follow the principles of the Information age. Those who will follow the principles of Information age and start their fortunes on the Internet will become more rich and financially free than those who don’t follow the principles of the Information Age.
Get Rich Quick Stories
Get Rich Quick Stories
Let us today discuss some stories about getting rich quick. Let us today discuss that how these Information age people have made fortunes in less than 5 years. And today they are enjoying dot com lifestyle while travelling the world.
01) Markus Frind of Plentyoffish.com from Vancouver, Canada -
Markus Frind is the founder of the dating websites Plentyoffish.com. He is living in Vancouver and he makes over $ 1 Million every year from his amazing website. He is still in his twenties.
02) Yaro Starak of Entrepreneurs-journey.com from Australia -
Yaro started his blog Entrepreneurs-journey in 2004. And in less than 5 years he turned his blog into an authority blog. Yaro is the 6 figure blogger and in his twenties. In 2008, Yaro visited 25 most beautiful cities from all around the world while making money from his blog and membership sites. Isn’t it amazing?
03) Amit Agarwal of Labnol.org from Agra, India -
Amit Agarwal is the Pioneer of the Indian Blogging Industry. He started his Technology Blog Labnol.org in 2004 and today in 2010 he is making 6 figure income in dollars every year from his Tech Blog. Amit is in his early thirties and the IIT Graduate.
04) Amit Bhawani Patel of AmitBhawani.com from Hyderabad, India -
Amit Bhawani Patel from Hyderabad runs his Blog network which he started in year 2005 and today he is making $ 1,00,000 + every year from his authority blog.
05) Jon Chow of JohnChow.com from Vancouver, Canada -
John Chow lives in Vancouver, Canada and runs his blog from his home. His Blog JohnChow.com makes 6 figure income in dollars for him every year.
Well, all of the above are not some kind of crap. You can actually go to their websites and surf the web about them and find out that how these people have made fortunes in their twenties and early thirties because of the Internet.
Jumat, 29 Januari 2010
Get Rich Stocks
Get Rich Stocks
Let us today discuss about Get Rich Stocks. Well, in real life there is nothing like such kind of stocks but I call them Get Rich Stocks because people are crazy about them. These includes, Penny Stocks, Hot Tip Stocks, TV & Media Popular Stocks…etc..
I call them get rich stocks because people think that by investing in these stocks, they will become rich in very short time. But unfortunately, this is a Myth. You should expect realistic returns from the stock market in the long run.
The US Stock market, which is world’s most matured stock market has give 11% Annual return in the long run (More than 10 Years). So you should expect5 this much return from the stock market. And if you make more return than this than you should consider it as a Bonus. and nothing else.
There are many Examples where people have invested just few thousand dollars 30 years before and today the valuation of their Investments is worth of hundreds of millions. One such Example is Berkshire Hathaway, The Investment Company by Warren Buffet.
However, such kind of Examples are very rare. And you should follow the time tested investment principles in your real life rather than searching for Get Rich Stocks. Many people have made their fortune from the Penny Stocks also. But it doesn’t mean that you will also make a fortune from the Penny Stocks.
When it comes to Investing, you should always stick to the basics. You should not expect unexceptionally higher returns from the stock market. So next time whenever someone tell you the hot tip in the stock market, simply stay away from such kind of hot tips.
Believe me, There is nothing like Get Rich Stocks in the real life. Becoming rich requires years of Patience & Disciplined Investment nothing else…!!!
Get Rich Quickly
Get Rich Quickly
Many people ask me that, How to Get Rich Quickly? They ask me that, should they go for any kind of get rich quick schemes or are there any investments specifically to get rich quick? Well, first of all, let me tell you that, get rich quick is not the rocket science. Anyone can get rich quick in his twenties or thirties by developing a fortune and selling it later on for huge profits.
But the thing is that, the market is full of get rich quick CDs, programs, courses & schemes that, it is very confusing and almost impossible to find that which get rich scheme will work for you. And because this, you will find a lots of garbage about getting rich quick on the Internet. But unfortunately none of them works.
So How to Get rich Quick?
Well, it’s Simple. You follow the principles of Information Age. Stop following the principles of the traditional Industrial age such as Go to School, get good grades, find a safe & secure high paying job, invest in mutual funds for long term, diversify & retire at the age of 65.
Instead of that, start thinking about developing your own Internet Business Empire as early as possible in your life means now. The Valuation of Web properties (Domain Names, Websites, Blogs) goes high exponentially over the time. And that’s why developing a web property for 5-10 years and later on selling it for huge profits is a realistic way to get rich quick in your twenties and early thirties.
Take the Example of John Wu, the founder of a great blog Bankaholic.com. In 2008, The Bankrate.com acquire the Bankaholic Blog for whooping $ 15 Million. The Alexa Rank of Bankaholic is around 55,000 which is really great.
Today John Wu is just 28 and he is living retired life. After all, $ 15 Million at the age of 28 is more than enough to retire early…!!!
Kamis, 28 Januari 2010
Get Rich Quick Ideas for Kids
Get Rich Quick Ideas for Kids
This is the Information age and it is really possible to get rich quick in your teen age, twenties and early thirties. No need to live paycheck to paycheck and retire at the age of 65 years when you become disabled. Because of the Internet, anyone from anywhere in the world can become rich quick in his/her early life.
Well, I am talking about the Internet Businesses.
The Examples of Internet Businesses are Blogging, Forums, Flipping, Websites, iPhone Applications, Facebook Applications & many more. Recently, I came across the article in which there was a list of Top 30 Young bloggers in the world below the age of 21. and all of them are making lots of money from their respective blogs.
In fact, many Internet Entrepreneurs have taken the retirement in their twenties by selling their successful Internet Businesses and today they are travelling the world and enjoying their life and they are still in their twenties. The Best Example is of John Wu of Bankaholic.com. He sold his Blog Bankaholic.com to the BankRate.com in 2008 for whooping $ 15 Million and taken the retirement at the age of 28 years.
Right now he is travelling the world and searching for the Premium Domain Names Investment Opportunities. He has made this fortune within just 2 years of launching his blog. Thus, it is really possible to get rich quick for Kids in the Information Age.
I know that, if someone has asked you this question before 1990 i.e. before the birth of the internet, you would have denied the question. But today it is really possible to get rich quick. Any kid from any part of the world can put a side business on the Internet from his school library, home or even garage and make a fortune in his teen age.
In fact, many teen age bloggers around the world are making 5 figure earning from their blogs every year and many kids are doing 4 figure earning every month from Domain Flipping & Website Flipping. Buying and Selling Domain Names on the Internet is just like buying and selling the real estate in the real world. The only difference is that, Domain Names are the Virtual Real Estate of the Internet.
So if you are a Kid, Don’t waste your time behind un necessary things rather than that focus your time and energy to get rich and financially free by setting up your own Internet Empire. Later on you can enjoy your life any time once you have money on your hand and the time (Young Age) by your side.
Get Rich Quick Ideas
Get Rich Quick Ideas
Let us today discuss about the Get Rich Quick Ideas. There are several ways in the world by which you can get rich quick. However, to make this discussion Civil, we will only discuss the legitimate ways of getting rich quick. Here are the ways to get rich quick.
01) Inheritance -
The first way of getting rich quick is, you receive a large fortune as in Inheritance. Of course, the possibility of getting rich by this way is very rare but many people around the world have become rich by this way and that’s why I have mentioned this way here.
02) Lottery Winning -
Another idea of getting rich quick is, You win a lottery. Again the possibility of winning a lottery here is very rare. And many few people around this world become rich by this way.
03) Marry a Rich Spouse -
Yes, This is another way of getting rich quick. You marry a Rich Spouse. Of course, you may have to compromise a lot for doing this.
04) Trust Fund Baby -
Another way of getting rich quick is that, You are a trust fund baby and your parents or guardians have put millions of dollars in a trust fund.
05) Internet Businesses -
The Last is the – Internet Business. This is my favourite. Because becoming rich from this way don’t require any kind of luck. Anybody with a hard work can make a fortune on the Internet and get rich quick in their twenties and thirties. Many Bloggers & Internet Entrepreneurs from all around the world became rich in their twenties and thirties by doing the Internet Business.
Once Launched, Internet Businesses have the potential to appreciate exponentially over the time and that’s why I advise the youngsters to start their own Internet Business as early as possible in their lives means now.
Get Rich Quick Schemes
Get Rich Quick Schemes
Get Rich Quick schemes are those which offer high return with low investment in very short period of time with little risk. However, such kind of schemes are the scams and nothing else. Unfortunately, people are so much in debt and financial trouble that they think that such kind of schemes might work for them and will solve their financial problems quickly.
Most commonly such kind of schemes ask you to invest your money in some kind of scheme and even if it does not the investment scheme, it will sell you some kind of Book, CD or Program. Scamsters also use the Brand name of Google & Nokia to cheat literally hundreds of thousands of people.
Because of the Internet, the get rich quick schemes also become modern and sophisticated. Now, the question is that, how to protect people from such kind of financial frauds? Well, the Financial Literacy is the only key to protect people from such kind of Financial Scams.
If we financially educate the people about such kind of schemes than and only we can protect them from such kind of financial scams. The real life truth is that, There is no gain without pain means Return is always a factor of risk. The more you take risk, the more your chances of getting high return and at the same time more the chances of losing money also.
There is nothing like Zero Risk and Exponential Returns. In fact, such kind of unrealistic returns never exist. And if someone claims to give you such kind of returns, stay away from them. This is because such kind of returns never exists in the world.
You can get rich quick in the real life. Many people have become rich in their twenties & thirties but for that you don’t need to go for get rich quick schemes. It is possible by doing the Internet Businesses & Investments in the real world. Getting Rich Quick is possible in the real world by doing the Internet Businesses so there is no need to go for any kind of fraudulent schemes.