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The Irony of Get-Rich-Quick Schemes: The Power of Hard Work in Building Wealth.

I've been running Google search ads for my business for about a month, and as a result, I see some of the searches which triggered my ad. Below are two examples of what I see that concerns me:

  • "How to get rich with no money"

  • "The power to get wealth no money required"

Meme of someone searching get rich quick to show he's delusional

The time that's wasted scrolling on social media and scouring the internet for ways to get rich quick could be better used earning more and investing in real assets.

Meme of someone scrolling endlessly on their phone instead of investing

We are all tempted by the allure of getting rich quickly and there's nothing wrong with dreaming, until the dreaming replaces working. If people were as obsessed with hard work as they are with get-rich-quick schemes, they'd ironically get rich quicker.

family guy meme of being tempted to get rich quick

When the temptation becomes too much to bare and you buy that overnight success course or make that "can't miss investment," the only person who gets rich is the person selling it to you.

Meme of get rich quick package which results in punch in the face

If you are lucky, you'll be left with a bruised ego and slightly lower bank balance. If you're unlucky, it might be far worse and impact your health, relationships, and add years to your retirement planning.

Meme of get rich quick pills with side effects

The Good News:

Building wealth is feasible for anyone, but it does require hard work. We live in an era where earning opportunities are seemingly everywhere, thanks in part to the "gig economy," the labor market that relies on temporary and part-time positions filled by independent contractors and freelancers. In other words, you can work your "9-5" and then drive a Lyft, freelance on Fiverr, sell products on Etsy, walk dogs with Rover, etc.

More importantly, you also have a tremendous opportunity to earn more at your "9-5." The opportunities to work remotely may open career opportunities to make more than what was previously possible based on your geographic location. For example, at Coinbase, a fully remote company where I was the Head of Enterprise Risk for two years, a software engineer earns ~$200k and a recruiter earns $100k, according to data from GlassDoor. Building wealth in a traditional job is possible, but it requires hard work, consistency, and a willingness to leave the comfort of your position to potentially earn more!

"There will be obstacles. There will be doubters. There will be mistakes. But with hard work, there are no limits.” – Michael Phelps

If you are looking for a financial planner who isn't afraid of hard work, schedule a free introductory meeting below. For less than $5/day, Walk You To Wealth is the most affordable way to access professional help.

Disclaimer: The information in this post is provided for your convenience only and is not intended to be treated as financial, investment, tax, or other advice. The information is intended to be educational and is not tailored to the investment needs of any specific individual.  It is also not intended to be relied upon as a forecast and is not an offer or solicitation to buy or sell any securities or to adopt any investment strategy.  The opinions expressed are those of the author.  Reliance upon the guidance and information in this presentation is at the sole discretion of the individual.


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