Is it possible to become rich fast?
while the answer to this question may be a subject to debate still its easy to find the truth if you understood what's meant by "Fast".
Yesterday i came across an advertisement saying that you can make 300$ in an hour and that the results are guaranteed. The internet if full of overly hyped products to the extent that some people started to distrust internet products in general.
Some People claim that their products can make you become a millionaire in few month or even few weeks!! In order to prevent yourself from being fooled by such people you have to rationally evaluate their claims in order to know whether their words make sense or not.
The "get rich quick" or "get rich fast" is not a myth but when people promise you to become a billionaire over night or to make your first million in three month then they are absolute liars.
For if someone can increase his wealth a million times in two month (from 0$ to 1 million$) then within a year he would have an amount of money that enables him to buy planet earth including those humans living on its surface :) . Yes you can become rich fast but fast here means that you can make it in five years. Even though some people will consider five years a short period of time, still with E-business, its possible.
Any successful business model can bring you lots of money but it can never be compared to the advantages of running an e-business (see the advantages of e-businesses ). 2knowmyself's monthly income has increased more than 40 folds in just 18 months and it made me a dot com millionaire in few years.
The main reason for this increase, in my opinion, was studying marketing. After completing my MBA i discovered that there lots of unmet needs in the market that need to be satisfied and that's why i started this site with the aim of satisfying one of them.
In my book How i did it i explained how marketing research was the most important factor that helped 2knowmyself become a website that generates thousands of dollars/month in less than 2 years.
You don't have to study MBA in order to make a website but you just have to understand the basic marketing concepts so that you know how to develop a customer oriented website.
If you want to become rich fast i strongly recommend starting your own website and even if it didn't make you rich you wont lose anything and you will still get a lot of experiences that can help you elsewhere in your life.
I used to think that rich people are those who earn lots of money until i realized that there are lots of people who earn lots of money yet have nothing in their bank accounts.
The magical formula for becoming rich is spending less than you earn or living below your standard. Some people earn lots of money yet they are burdened with dept. Those people are the ones who didn't realize that rational spending is one of the most important factors in becoming rich and not just big salaries.
what is meant by living below your standard is considering yourself earning 100$ when you earn 150$ and considering yourself earning 150$ when you earn 200$. If you lived up to your exact standard you will find that you are spending everything you earn and you will end up broke.
Ask any millionaire or billionaire (if you managed to meet one) about the secrets of wealth building and he will tell you that getting rid of the "Get rich quick mentality" is one of the vital factors required to become rich.
Yes some of them increased their incomes in a very fast way but none of them became rich over night nor anyone increased his earnings a thousand times in few days.
To summarize all of these facts here are some quick tips for getting rich:
1) Start your own business, you can never become a billionaire by working for someone
2) Start by an E-business because its risk free
3) Forget about becoming a millionaire in two years
4) Save some of your money and don't spend it all
5) Live below your standard
6) Read about business topics and specifically marketing
Farouk is not only holding several degrees in psychology but he is also an MBA holder, a stock market investor and an entrepreneur. The information you are reading now can dramatically increase your chance of increasing your wealth and becoming rich. If you have any doubts regarding these statements then read what other visitors say about 2knowmyself.com.The book How I did it was written by Farouk and it explains how he managed to make a website that generates thousands of dollars/month in less than 2 years without paying a penny.
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