Very often I come across people talking about the concept of ‘Get Rich Quick’, it is much maligned because of its evil cousin ‘Get Rich Easy’.
Get Rich Quick is very possible and examples are all around us on the Internet and especially on this forum.
Whereas Get Rich Easy usually never happens that’s where someone is hoping or sold on a plan that pushing one button will instantly create wealth – dream on!
Now before I ramble on, one small caveat – ‘Quick’ is a very subjective word for some it may mean today for others in the context of becoming a millionaire it could mean 5 years.
Look at how much the founders of Facebook have made in 7 years. Now that’s quick in my book!
To get rich quick one needs a plan then laser beam like focus and work (smart or hard, you choose) to implement that plan.
This time of year and especially between Christmas and New Year I spend a lot of time drawing up my plans for the year and thinking about the resources (finance, people, etc.) I will need to implement them.
With any project I start I always think of them as an asset (which they are!) and how am I going to exit (cash out). I like to build assets as I’m getting an old fart and would like to be in a decent care home with a bar!
Don’t get me wrong I love the monthly income the assets produce but I much prefer the lump sum on exit.
Life also seems to get so much easier and less stressful when you focus on one main project and stop jumping from one shiny object to another.
It’s OK to have more than one project on the go as long as you allocate your time accordingly.
So if you want to get out of the get rich easy mentality and get rich quick then spend some time over the holidays putting pen to paper and develop your plan for financial freedom.