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In This episode, I talk about different schemes that have been popping up over the years and how to become rich.
Speed doesn't win races, consistency does.
There are all kinds of get-rich-quick sachems out there
Nothing down real estate
Robert Allen wrote the book Nothing down filed chapter 11.
For the first 200 years of America, you got rich by hard work, you grew your crops, and became wealthy.
then the gold rush hit. In 1848 James marshal was working for Jim Sutter, was building a windmill, in the river he saw something shiny.
Word got out and the California gold rush hit.
Then on the sean comes Charls Ponzi
You take money from investors and then give that money to the older investors to make it look like they're getting a return on their investment. So they put in more money into the investments. It is a pyramid scheme that crashes.
In the 1920s, His original scheme was based on the legitimate arbitrage of international reply coupons for postage stamps, but he soon began diverting new investors' money to make payments to earlier investors and to himself. Unlike earlier similar schemes, Ponzi's gained considerable press coverage both within the United States and internationally both while it was being perpetrated and after it collapsed – this notoriety eventually led to the type of scheme being named after him.
1980s Airplane scheme
The airplane game, also known as the Plane Game, was a style of pyramid scheme in the 1980s first active in North America and then in Western Europe.
Affiliate marketing
Low Content books
Selling used books on amazon
Cryptocurrency
Online real estate
How to truly get rich
Baby Steps
Sell online
Investments
Get out of debt
Slow and boring
The best book to read to become rich is The Tortes and the Hair.
Most Millionaires drive a 2-year-old Honda civic.
Buy quality things. Don't go cheap. Will it last?
Look for discounts, deals and sales.
Quality spending, goto dollar general instead of gas stations. Goto Aldie instead of Krogers.
Do a budget
Don't rush it, no shortcuts. Change your outlook on life.
