If you want to get rich quick, you have to take into consideration exactly what you consider “quick. " Quick could be tomorrow for some or next week to others. To other people, getting rich in a hurry could mean in the next year to 5 years. Whatever your definition of quick, this method just might work for you.
First of all, save 20% of everything that you earn. This might be hard to swallow, but you need to do it. If you have a day job, set aside 20% of your paycheck. Put it into a savings account if you have to. After a while, you will have some money that you can invest. Now, you don't have to wait years. Just wait a couple of paychecks to invest that money.
When you invest, invest it into short-term investments that you can sell on a weekly or bi-weekly basis. When you get your return, make sure you reinvest your profits. You may even add on 20% from your next paycheck onto that because you get a better return if you invest more money.
Keep doing this over and over again. You can have your million within 5 years if you continue this pattern, don't spend any of your earnings, and you are investing in great investments.
Sure, your return on your investments may not seem very high at first, but the thing is that they will grow. You are compounding your money when you do this. You are investing more money that what actually came out of your paycheck. Now think about how incredibly neat that is and how that can actually work to make you the riches you deserve.
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