When life gives you lemons, make lemonade. On the news, you hear everyday about more homes being foreclosed on, more unemployment and bankruptcy. But what you don't hear, is-There are many people out there also getting rich, because they know how to get rich. They know how to invest in the same properties that are being foreclosed upon. They are buying themselves equity with no money. Foreclosed properties are going for way under the market value, and when the market comes back, those people will get wealthy. If the market comes back soon, they will see how to make money fast!This is not about a "get rich quick" scheme, but there are easy ways to make money. These people get the knowledge and take the opportunity to find out how to get rich. They aren't sitting around thinking about robbing a bank, or winning the lottery. They can only work so many hours a week, so it doesn't involve working. Not everybody can make money on the Internet, although some people do with their own websites. They aren't falling for some scam from a foreign country, where a dignitary is going to deposit a million dollars in their account. No, they are saying, "I want to be rich, and I could be, if I just knew how to get rich".Investing in property is a proven way to get rich, if you just know how. Many areas of the country offer great opportunities in real estate, BECAUSE of all the foreclosures. In some areas, real estate sales are actually up, because of this.There are people that also know how to get rich in the stock market. Many people do not know that they can make money in the stock market when stocks go down, playing options and other investment strategies. The people that know how to get rich in the stock market, work different investment strategies than just investing in stocks for a long term basis. They make money quick, with very little invested, but you have to know what options are available. With the Internet, there are many sources available to learn quickly in your spare time, and there are successful investors willing to share how to get rich.The best way to get rich is still by investing your money. If you know how to get rich, and you may know more than you think already, you can make good returns by investing in real estate and the stock market, with limited risk. Savings accounts are only paying around 5% and inflation is higher than that, so you are losing money. On the other hand, with interest so low, it is a great time to take on mortgage debt with a property with instant equity through a below market or foreclosed fire sale.The main idea is to get your money to work for you. You can only work so many hours for your money. You will never get rich quick this way. If you find out how to get rich, from a source that has already proven it, you will find out how to get rich and not die trying!
How to Get Rich and Not Die Trying
Diposkan oleh BadBoyz | 10:42 PM | Financial articles author by Scott Martin | 0 komentar »
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