Get Rich Fast schemes always sell, don’t they? People have always been taken in by such “Get Rich” schemes on the market, but how much of these are really true? In my opinion, almost none, I am afraid. There are only a few ways to really get rich fast and here they are :

1. Strike it Rich! - OK, this is not only limited to lottery. It could include Jackpot machines, Casinos etc… and one word describe this way of getting rich; “Gambling”! It’s a once in a lifetime chance and even if you make it, chances are you’re going to lose it and you probably cannot repeat it. Statistics show that people who get rich quick through gambling seldom are able to hold their wealth for more than 5 years.
2. Marry into Riches - Find someone rich and marry him or her. Self explanatory.
3. Stumble onto Riches - This one is just pure luck. You can walk on the streets and pick up a million dollars. Or you could have a rich relative die and decided to leave all his riches to you, but the probabilities are really really slim, so don’t bet on it.

So, other than the above, the only way to become rich is to work hard and smart at it. Here, I’d like to share an article in the local papers recently about all these courses advertised in the papers about “making fast money”!

Companies and individuals are charging up to S$4k and more for some of these get rich classes. Most of these are trading classes, focusing on Options, Forex and more recently Eminis. They tout the high leverage and ease of making money but as with all things, high rewards always comes with high risk.

Some of these promise low investments, as low as US$500.

Personally, I have attended some of these course. While they are not all bad courses, and you do learn a lot cramped into the 2,3 or 4 days the courses are held. Some spend alot of time focusing on just one major strategy without teaching you the rest. Getting into the market with one strategy is certainly no way to make it big.

For example, one of the course I took focus on only Options Gapping strategy.

On strategy these courses use to make you part with your hard earned money is that they set a time limit for signing up at a special discount. They will tell you that if you sign up today, you get a 30% discount and if you walk out, and come back, you’ll have to pay the full price. Well, I’ve learned that this is just nothing but a hard sell sales strategy. If you call them a week later, believe me, they’ll still offer you the same price. Afterall, their costs are fixed, so why not have additional revenue… There was even a course that sells the fact that you will get this and that as free gifts if you are the first ten to sign up. Then I realised that everyone gets them.

Are there good courses out there that do not make such wild “Get Rich Fast” and other unscrupulous claims? Yes, I am sure there are! In fact, I’ve personally experienced some of them. Some time later, I may write a review of these courses I took, just so others may get a good feel of what to expect when they want to sign up. Meanwhile, keep a tight hold on your hard earned cash… they are hard to come by, so invest and spend them wisely!

Cheers!

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