Everyone wants to be rich. Hey, abundance is
good. When you live abundantly, you will be satisfied, some say.
That is why a lot of people tout the next get-rich-quick scheme.
And that is why this business thrives. If everyone lives in
abundance, who would want to attend a $ 500 seminar promising you
to be rich within months?
What constitutes a get rich quick scam? For
this, you need to use your common sense. If someone can promise
you a return on investment of 20% monthly, is this scam? That
depends. There are some decent way of earning that kind of return
occasionally both in the stock market and in the real estate.
Recent examples of stock investing include investing in companies
called Seagate Technology (STX) or buying Korean based Webzen Inc.
(WZEN). That includes both pure luck and skill. Without the two,
it is less likely that you will achieve that kind of a return.
So now, if someone promise you that they can
achieve that kind of a return for the next fifteen years, is that
scam? Whip out your calculator and you find that one dollar
compounded monthly with 20 % return on investment, will wound up
to be $ 179 trillion after fifteen years. This is seven times the
entire world's Gross Domestic Product (GDP). Simply said, you will
own the assets of everyone in this entire world and then some.
Beware
Of Get Rich Quick Scam