The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
The Kickass Entrepreneur
Subscribe
The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
  • Create Wealth (Investing)

Top 7 Easy Ways to Get Rich Quick Without Working 9 to 5

  • May 23, 2022
  • 15.8K views
  • 9 minute read
  • Vaughn Torralba
Get Rich Quick
Share
Tweet
Share

Getting rich quickly is everyone’s dream. Most of us believe that our problems will solve magically if we somehow become rich. However, if you are not the CEO of the iOS app development company, you will need to tax your brain to find a way to make a fortune.

Getting rich feels exciting.

But, are there any rich quick schemes that work? Is there really a way to get rich quickly?

Of course, it’s possible. If it was impossible, nobody would ever play the lottery. Even if you start with nothing, you CAN get rich. However, it is not a guarantee. It will take a lot of effort and patience. Most of all, building wealth requires some luck. In this article, we will be discussing some common get-rich-quick strategies.

Meanwhile, here’s a Youtube video from Let’s Talk Money! with Joseph Hogue, CFA. Watch his video for more detail on specific ways to become a millionaire and get started faster!

To continue, we will also discuss why these strategies are NEVER a substitute for a solid financial plan.

In the end, we will also discuss why getting rich quickly doesn’t mean your life will all of a sudden become perfect. 

things to sell to make money

Top 7 Ways to Earn A lot of Money and Get Rich Quick

Many schemes and scams on the internet promise fast and easy riches. But these schemes almost always turn out to be scams.

The only real way to get rich quickly is through hard work, saving, and investing your money wisely. Below we will be discussing five ways to increase your income and get rich quickly.

However, keep in mind that none of these methods is a sustainable path to wealth creation. You can lose money just as fast. 

  1. Play the Lottery 

    Are you wondering how to make quick money in one day? Play the lottery. Most lotteries have jackpots that are at least a million dollars. To increase your chances of a win, you can buy multiple tickets. However, the odds of winning are still very low. In fact, the odds of winning the Mega Millions jackpot are 1 in 13,983,816, according to lottery mathematics.

    Your chance of winning the Powerball is slightly better, though: 1 in 292,201,338. Still, playing and winning the lottery is the fastest and most genuine get-rich scheme available to everyone today.

  2. Start Day Trading Stocks

    Another famous get rich quick scheme is day trading. Day traders believe by buying low and selling high, they can make a fortune in the stock market. They buy and sell financial assets within the same day (sometimes, multiple trades in a single day). If you know how to take advantage of small price fluctuations, you can earn a handsome sum at the end of the day. However, the reality is most day traders lose money. It can be a perilous game for newcomers or those who don’t come with a well-thought-out strategy. 
  3. Join an MLM (Multi-level Marketing) Firm

    You can join an MLM (Multi-Level marketing company) as a distributor. The idea is that you can sell to your friends and family, who then look for more people to buy the product.

    In time, this builds a downline of distributors who make a
    commission from the sales generated by their recruits. The key to success with MLM business is to get in at the right time and do well while selling the inventory. However, the problem with this business model is that you have to buy inventory in advance. If you are not good at marketing, you may not be able to sell it all. This can lead to a loss. 

  4. Invest in Crypto

    While the boat for investing in Dogecoin may have set sailed already, you can still invest in several good cryptos and earn a fortune over time. Many cryptos are still under-valued. You just need to find the right projects.

    For example, investing in 
    Bitcoin and Ethereum could give you a return of 10x your investment in a year or two. You can also place asymmetric bets or trade-in futures for quick bucks. However, cryptos are highly volatile investments. People have lost their entire savings in just a single day. Therefore, you should never invest more than you can afford to lose.
  5. Invest in Real Estate

    Real estate has insane potential. Especially in the United States and Canada, real estate has gone bonkers. Consequently, many real estate investors have made a handsome amount in recent years. For instance, if you have $200,000 to invest, you can split this amount into four down payments of $400,000 each. So, while you have only $50,000 of your own amount in each property, you can still benefit from the growth of a property worth $400,000. Suppose each property grows by 10% a year. You can then have an annual gain of $160,000. Not bad for a $200,000 investment, right?

  6. Become A Consultant

    If you already have experience in a particular field of work, you can become a consultant. Companies and businesses are always willing to pay the big bucks to benefit from your experience. For example, digital marketing is one field that can get you rich quick if you are an expert in the field. You would be surprised to know how many big companies are willing to outsource their crucial marketing decisions (such as how much to spend on online ads per month) to consultants and agencies. If you can network and find such contracts, you can bring huge cash in retainers every month. 

  7. Inherit Money

    This is the easiest way to get rich quickly. All you have to do is be born into a wealthy family and inherit a business or money. You don’t have to do anything. The golden spoon will do the magic on its own. There have been instances where a lucky person became rich overnight because of inheriting money from a long-lost relative. But such instances are rare in the world. So, this is not a method that is available to everyone. Luck is a very big factor in the avail of this option. 

lots of money on hand

Why Getting Rich Quick Schemes don’t Always Work

All of the methods mentioned above for getting rich quickly are highly risky and involve too much luck. In most cases, investors lose money. 

Sure, if you are fortunate, you could make money.

But why take the risk when there are safer ways to get rich? Besides, the money lost could have been put to better use over time. Financial planners, therefore, recommend investing your money wisely instead of playing the stock market with high-risk day trading or joining an MLM firm.  

How to Get A Lot of Money – The Real Way

Accumulating wealth and getting rich takes time, effort, and patience. A slow and steady method will always work better than a quick fix. While nothing “exciting” about the methods below, they work like a charm for anyone. 

  1. Invest in your personal development

    The best asset you can invest in is yourself. Personal development includes anything that makes you a more valuable member of society – reading, attending seminars, and learning new skills. The more you understand and know things, the more you can offer others. As your skills increase, so does your earning potential. 

  2. Create your personal financial plan

    Once you have invested in yourself, the next step is to create a personal financial plan. This will help you map out your short-term and long-term goals and determine how to achieve them. A financial plan is like a roadmap that will help you stay on track and make smart financial decisions. It will help you manage your personal finance and achieve your financial goals. 

  3. Save money

    An essential step to getting rich is saving money. Start by setting aside some percentage of your monthly income and invest it wisely. In this regard, a good place to start would be your 401(k) or Roth IRA. Investing money in a retirement account allows it to grow tax-free. 

  4. Automate your finances

    The only path to wealth is through residual income – making money while you sleep. You can accomplish this by having a healthy passive income stream. One of the best ways to do this is by automating your finances. Automation allows you to set up some rules to help you save money and invest it automatically. 

  5. Remain Dedicated

    All the previous 4 steps will do you no good if you don’t have dedication. No one becomes rich overnight. Rich people are highly dedicated to their goals and objectives. It takes a lot of hard work to get rich. Some people are so passionate about the goals that they risk losing money just to realize them. If you have dedication, you will get there eventually. 


    a lot of money

How to Stay Rich & Wealthy

Once you reach your financial goals, you have to do a lot of work to maintain the same level. You don’t want to get rich and then lose all of your wealth. Ironically, most people who get rich quickly lose their money in a very short span of time. Below are some tips to help stay rich. 

  1. Stay disciplined

    Discipline is the key to consistency, and consistency is important for success. One of the reasons people lose their money is that they get too comfortable and stop being disciplined. This includes spending money on useless things, not contributing to your savings and investments, etc. A saying affirms this – “Wealth never forever unless you keep working hard for it.” 

  2. Stay updated

    The world of business is constantly changing. What worked yesterday might not work today. This is why it’s essential to stay updated on the latest trends and news. Especially if you are offering services or products in the tech space, you have to be extra vigilant with the changing market trends. Staying up to date with the latest trends will help you make better decisions and protect your wealth. 

  3. Stay healthy

    Health is the foundation of success. There is a reason experts say health is wealth. If you aren’t healthy, you won’t make good decisions for yourself, your family, or your business. Your physical and emotional health has a strong link to your financial health in so many ways. For instance, most health insurance policies depend on a physical exam. Likewise, health conditions lead to an extensive regime of medications that can become a regular expense. This is why it’s crucial to regularly have a good diet and exercise. 

  4. Stay focused

    One of the main reasons people lose their wealth is because they lose focus over the years. They either become too comfortable in their comfort zones, start chasing after get-rich-quick schemes or invest in too risky things. This takes their concentration off of making the right decisions for scaling their already successful business. Don’t be one of those people. Stay focused on your goals and stick to tried and tested methods. 

  5. Stay humble

    Every pride hath a fall. No matter how much money you make, always stay humble. This will help you maintain good relationships with people and keep your head on your shoulders. People who get too rich often become arrogant and lose touch with reality. Such people also start showing off their money. It has a negative impact on others. Besides, it also leads to overspending on useless stuff and losing extra money. 

  6. Diversify income streams

    The best way to protect your wealth is by diversifying your income streams. There are many ways to do this, including but not limited to re-investing profits into new business ventures – either yours or other people. You can also own multiple properties or get a side hustle etc., to diversify your income streams.

The Bottom Line

So, you can get rich quickly with the methods we mentioned here.

But, these methods aren’t always bankable. Never count on winning the lottery to meet your financial goals.

Unfortunately, for most people, the path to wealth and getting rich go through years of hard work, thoughtful financial planning, dedication, and good luck.

And if you are lucky enough to win the lottery, we hope the tips mentioned here -about how to stay rich – will come in handy.

Thank you for reading!

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

Related Posts:

  • The Rich vs The Poverty Mindset and The Psychology Stopping You From…
  • Easy Ways to Make Money From Home
  • Smart & Easy Ways to Build Your Wealth
  • 10 Ways To Make Money From Your Own Garden: Easy & Efficient
  • 19 Easy Ways to Increase Profit Margins for Your Small Business
  • 15 Easy Ways to Save Time and Money When Running a Business
Share
Tweet
Share
Related Topics
  • building wealth
  • extra money
  • financial goals
  • increasing your income
  • passive income
  • personal finance
  • rich quick schemes
  • save money
  • side hustle
Vaughn Torralba

Previous Article
  • All Blogs

Data Analytics vs. Business Intelligence

  • May 23, 2022
  • Meg Rivera
View Post
Next Article
  • Financial and Investment Calculators and Economic Data

Which Forex Robot Is The Most Profitable In 2022?

  • May 24, 2022
  • Frances
View Post
You May Also Like
deck of folders with insurance word on it
View Post
  • Create Wealth (Investing)

Tips for choosing the right auto insurance coverage

  • February 17, 2023
  • Meg Rivera
Rising gold prices concept. Investment in precious metals in the stock market
View Post
  • Create Wealth (Investing)

The Pros And Cons Of Investing In Precious Metals

  • February 9, 2023
  • Meg Rivera
man looking at his tablet
View Post
  • All Blogs
  • Create Wealth (Investing)

These Are The 7 Mistakes Six-Figure Earners Make

  • January 7, 2023
  • Jeff Wiener
bitcoin
View Post
  • Create Wealth (Investing)

Why Invest in a Bitcoin Casino: Understanding the Crypto iGaming Business

  • December 22, 2022
  • Meg Rivera
money in grass
View Post
  • Create Wealth (Investing)

Getting an Affordable Home Loan for the Eco-Home of Your Dreams

  • December 22, 2022
  • Meg Rivera
man calling in front of car
View Post
  • Create Wealth (Investing)

All You Need to Know Before Getting Car Insurance in Canada

  • December 21, 2022
  • Meg Rivera
What is the never have to work again number
View Post
  • All Blogs
  • Create Wealth (Investing)

How Much Money Do You Need To Never Have To Work Again? Let’s Do The Math.

  • December 11, 2022
  • Jeff Wiener
View Post
  • Create Wealth (Investing)

How to Make a Deposit into a Savings Account that Pays a Higher Interest Rate

  • December 2, 2022
  • Meg Rivera

Join 6,472 Entrepreneurs That Get My Business Building and Wealth Creation Posts by Email

I can teach you how to build a successful, profitable business, and turn that into millions in personal wealth.

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

We won’t send you spam. Unsubscribe at any time.

Recent Posts
  • Logistics Software 1
    Accelerating Your Business Growth: The Role of Logistics Software Development
    • March 20, 2023
  • crude oil 2
    Energy Futures: What to expect in 2023
    • March 17, 2023
  • man writing on board 3
    What is the Difference: Lead Scoring vs. Nurturing
    • March 17, 2023
  • group session 4
    Managing Wealth: 4 Reasons You Need to Opt for a Money Management Company
    • March 17, 2023
  • BUSINESS 5
    Planning to Start a New Business Abroad? These 11 Tips Might Help!
    • March 16, 2023
Featured Posts
  • Become a Decamillionaire
    How to Become a Decamillionaire, Grow your Net Worth to $10 Million, and Join the 1% Club
  • how to become wealthy
    The Entrepreneur’s Secret to How to Become Wealthy and Build a Personal Fortune
  • Most Profitable Small Businesses
    27 of the Most Profitable Small Businesses to Open in 2023
Categories
  • All Blogs (1,034)
  • Business (220)
  • Canadian Financial Products (4)
  • Create Wealth (Investing) (131)
  • Entrepreneur Interviews (25)
  • Featured Post for Main Menu (4)
  • Featured Top Posts (23)
  • Finance (55)
  • Financial and Investment Calculators and Economic Data (114)
  • Fitness (5)
  • Growing Profits (72)
  • Growing Revenues (70)
  • Growing Revenues (115)
  • Marketing (139)
  • Millionaire and Business owner interviews (3)
  • Positive State of Mind (68)
  • Real Estate Investing (17)
  • Retirement (13)
  • Reviews (12)
  • Sales (15)
  • Sell Me This Pen (8)
  • Selling your Business (13)
  • Starting a Business (1)
  • Startup Ideas (14)
  • Technology (112)
  • Top Products (4)
  • Uncategorized (54)
Follow us
Author
Jeff Wiener
Jeff sold his company to private equity in 2017 and is now semi-retired. Jeff spends time…

    CHECK OUT MY BLOG, AND SUBSCRIBE

    about
    The Kickass Entrepreneur

    Expand Your Business, Improve Profits, Create Wealth

    Expand your business, improve your profits, and create wealth. Each one of the three can be elusive goals. Follow the right steps, and you, too, can create financial independence. It is possible … you just have to take the right steps.
    NAVIGATION
    • About
    • Blog
      • All Blogs
      • Create Wealth (Investing)
      • Entrepreneur Interviews
      • Featured Top Posts
      • Growing Profits
      • Growing Revenues
      • Marketing
      • Positive State of Mind
      • Real Estate Investing
      • Retirement
      • Sales
      • Selling your Business
    • Book
    • Courses
    • Podcast
    • Resources
    • Contact
    TAGS
    apartment BATNA Business business failure business growth business sale Capitalization Rate CAP Rate cash cash flow Creating Wealth Discipline entrepreneur entrepreneurship excel extra cash Featured goal setting Growing Business investing investment real estate M&A marketing Marketing KPIs Mergers and Acquisitions | M&A | Entrepreneur Blog Millionaire millionaire next door mistakes MUR Peter Principle Profit profitability real estate retirement revenue Revenues sales sales management Semi-Retirement Blog | Entrepreneur Blog | Small Business Blog small business Stagnant stocks success Thomas Stanley wealth
    RECENT ARTICLES
    • crude oil
      Energy Futures: What to expect in 2023
      • March 17, 2023
    • deck of folders with insurance word on it
      Tips for choosing the right auto insurance coverage
      • February 17, 2023
    • holding laptop
      Tackling pros and cons of virtual reality tours when buying and selling houses
      • February 9, 2023
    • Rising gold prices concept. Investment in precious metals in the stock market
      The Pros And Cons Of Investing In Precious Metals
      • February 9, 2023
    • man looking at his tablet
      These Are The 7 Mistakes Six-Figure Earners Make
      • January 7, 2023
    • starting your own business
      6 Must-Know Tips For Starting Your Own Business
      • January 1, 2023
    The Kickass Entrepreneur
    • Coaching
    • Book
    • Blog
    • Contact
    • Privacy Policy
    • Terms
    • Disclaimer
    • Facebook
    • LinkedIn

    Input your search keywords and press Enter.