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Some people believe that to become rich, they have to be a very lucky person. They didn’t do anything to ensure their financial life because they always want to get rich instantly, not slowly. When they have some cash available, they decide to spend it carelessly without thinking about saving or investing it. They absolutely not believe that they could get rich by doing it. They prefer the get-rich-quick tales that they friends tell them.
Here are some of the get-rich-quick tales that people often heard:
1. Lottery – When there’s a person winning the lottery, media starts to write about him and his money. They rave about how this normal-guy went from zero to millions overnight. This is the rarest occasion in the world. But, because of the media raving about it, people start thinking that this occasion happens often. That’s why they start buying lotteries, and get pissed off when they’re not winning. They didn’t know that people who get their money from lottery usually end up with no money left and bigger debts in the next 5 years.
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2. Get Rich Quick Schemes – You probably heard the quotes often. These scams usually offer you to get rich by getting $100 to stuffing envelopes or getting $500 by filing out some simple forms. They often go further by offering you a website that you’re only need to put in your web hosting and get thousands of dollars from it by doing nothing. These get rich quick schemes keep evolving throughout the years. Their main focus is to make you get rich as fast as possible by “investing” some of your money to their products or services.
3. Government Will Take Care Of You – How do you know that? If the government is really serious about taking care of you, where do you think the money comes? It comes from the taxpayer. What will happen to you when the taxpayer not paying their taxes on time? Are you ready if the government charging you higher fees for everything you do and dictating your life?
Starting from now, make yourself clear that there is nobody that will take care of you. You need to take care of yourself. You could start to do this by planning your life and your investment for your retirement. Many people will lose their income when they retired, you don’t have to experience that.
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You could start with saving some of your cash and then use it for investment, building your portfolio, getting a life insurance, and getting an Individual Retirement Account (IRA). You probably won’t see the results of this investment right away. But, the effects could be felt when you’re retired. These investments will keep giving you steady cash flow every month that’s enough to cover all of your expenses without the need to find another job during your retirement.
No matter what investment tools that you use, just make sure you save up some cash to invest in it, and take care of it so it could do the same thing to you when you can’t work anymore.