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My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.

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Legal Get-Rich-Quick Schemes





If you want to get rich quick and retire as a millionaire, there are many legal ways to do so. Take a look:

From Wiki:

• Multi-level marketing is potentially highly profitable for those who first start the scheme. However, it is mathematically implausible that all the participants in a multi-level marketing scheme will all become rich from selling to one another. Usually, the lowest tiers of the scheme end up losing money.
• Work at home tasks such as stuffing envelopes or assembling trinkets. Essentially cottage work; only small fees are paid per piece, and to make real money vast quantities of work are required.
• Training courses, many get-rich-quick-schemers offer training courses in areas such as real estate, estate auctions, rare coins, or gemstones. Generally they promise that the trainees, after purchasing educational materials costing several thousands of dollars, will be able to locate cheap or discounted items that can then quickly be resold at great profits.
• Gambling software, get-rich-quick schemes often sell software programs for betting on horse racing or other forms of betting, promising that if run properly they will pick winners. They rarely do and most users lose money. This software normally sells for hundreds or even thousands of dollars.
• Selling "miracle products" over the Internet, telephone or to friends and neighbours.
Many e-books are written about how to get rich quick by selling goods on eBay. The books are rich on irrelevant basic details, but are unlikely to give you advice on which products to sell in order to succeeed.

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