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Tortoise or hare? Get Rich Fast or Slow

Aug 26, 2008
Get rich quick techniques have been around since long before the internet and continue to entice people into trying out such schemes. However, they often times don't turn out that very well. If you are reading this article you have probably tried a few. Most of the get rich quick schemes, like the pyramid schemes, only waste your hope for dreams that never materialize.

It is the beliefs one acquires with a get rich quick mentality that keeps one from achieving in the long run.

Don't be bothered though. The get rich slow method could actually work to make you rich. Get rich slow would not take you a lifetime. It is just a matter of putting things into their proper perspectives until you can afford to be leisurely, until you are rich!

Stay focused on your goal and constantly work on it. It is through the careful and calculated steps that you make your way to the top.

Save up

You can get rich slowly through saving. The secret to effectively do this is for you to save before spending, not spend first and save what is left. This is quite difficult to do considering the consumerism of our generation, but this is tried and tested! At the start of each month, deposit 10% of your income to the bank. You have the equivalent of a thirteenth month pay at the least!

Spend Less Money

There is a common belief that as your income increases, your necessities and wants also increase. However, to obtain to the goal of getting rich slowly, you must stay disciplined. Don't consume more than what you need. Make good decisions when you spend your money. Do you really need it? Is this really important? Will this really make me happy in the long run or am I just satisfying a passing urge?


Make the most of anything you have or you own. Consume everything down to the last drop or down to the last fiber, before buying yourself something new. Take your groceries for example. Imagine how much you could have saved from the things you throw away because they are beyond the expiration date already.

Don't throw things out right away. Things that are no longer of use to you anymore could be good enough to sell in a garage sale or on e-bay. You can even try to earn from your trash through recycling. Every cent is worth saving.

Plan you risks carefully

You will find yourself taking positive actions to earn extra money, but when you do, study everything! When you do take out that cash from your pocket, make sure it goes to a good investment. Purchase something that increases value in the long run. Start a business that has a good market. Do everything to make it work out and bring in money to you.

Invest on yourself

Constantly increase your value to the world. Attend seminars and trainings. Pursue further knowledge. Obtain as much experience as you can. You shouldn't expect to do the same job and receive the same salary forever. You have to aim high, to be the best at whatever field you are in now. This takes time but before you know it, you are climbing all the way to the top.

You must also take care of yourself. Engage in a healthy and active lifestyle. Give yourself ample rest every now and then. There is truth in the saying that health is wealth. You can never do any of the things mentioned above if you are stuck sick on your bed. Or imagine that money you saved up spent on the pharmacy! You surely don't want that.

We've all heard the story of the tortoise and the hare. We all know the moral of the tale. The problem is applying it to our own goals in our business. There is nothing wrong in wanting to make it rich in this lifetime, since we've only got one. That is why we have to make sure that the considerable amount of effort and time we exert on our business's every day is spent bringing us constantly closer to our goals.

About the Author
If you want to find out more about Daegen go pick up his free cd right now Also don't forget to check out to the Starving Students Blog for more advice on how to work your business on a Top Ramen Budget
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