Why get rich quick scheme?

Get rich quick scheme is very much overrated. People get attracted to getting rich than building a long term wealth. It is quite obvious, all of us want it achieve our goals as soon as possible. I mean for lot of us it is meaningful. And most of people in this planet consider work as the mean of earning money, which is partially true if the purpose is neglected. So all want to get rich within a very short span of time. This is desirable because it brings financial freedom which further brings the true freedom. This is luring. So we chose the get rich quick scheme.

Comments

Allocating time

In order to get something at our grasp we must do the work. In any case giving enough time and energy is necessary to make it possible. And sometimes not. Those are not rare case scenarios. It is well observed around. We must have experienced this. The evident factor is that, due to the most valuable time, we often switch things around, like hedging. Unlike hedging you cannot do both simultaneously. So the thing is we have to make blocks of time. These blocks will save lot of energy and of course brings the time for our deed. During this process, it is necessary that we must allocate the time to those defined blocks. By allocating, we are actually veering the time from anything that we usually do to something purposeful . Because doing something that creates meaning requires effort and consistency. Motivation is not enough, it dies soon. Here some people often confuses this with their moral things. Such as relationship and routine. Instead of keeping it well nourished, th...

One click away from a wave

Rise of celebs and social media influencers are peaking everyday. Now wonder tomorrow by a sudden phenomenon of a viral video you might get a celebrity status. It is the connectedness of people by ease with the help of technology that is responsible for this. Responsible might be a hard word ,a perfect replaceable one will be fortunate. We are fortunate enough to be born in this time as humans,can you imagine being born as a tree in this century. The power of technology is at the stage of exploding. People used to say about making a fortune in stock market and oil industries earlier, but the tone is veered to the phrase " Let me try my fortune in instagram". Weird! . But this thing made so much difference in the old dusty patterns of thinking. It convinced most of the youngsters that they are something truly magnificent since their last video 100 more views than the previous one. And the fools, they believed. They changed their whole routine. Since they are convinced by this...

Knowledge gap

Sometime the barrier lies in lack of knowledge. People often tend to develop their life using their existing knowledge which they tried and failed many times. Even while taking the financial decision people focus on planning what's they planned before and slay there. They might be good at the existing tried and failed planning. But learning about the different methods and concepts, they can actually make a better decision.

Becoming rich and staying rich

Becoming rich and staying rich are two different things. Becoming rich involves a lot of effort and getting out of the comfort zone. Of course, you need to work your ass off. But staying rich requires intelligence. Because money put on depreciating assets can reduce the wealth into half within a short period. All the efforts that were put on creating this massive wealth goes in vain. Staying rich is equally important as becoming rich.

Looking at the financial ratios

Financial ratios are great when it comes to investment. These ratios are useful in calculating several attributes of an investor. We know that most people with an investor's eye look for return than value. Because money is luring. While investing, it is advised to take a look at the asset through the different financial spectrum. We can't track the everyday activities of the companies. Some companies make a lot of money with little expense and others make losses from it. Even the performance of management decides the performance of the company. We cannot analyze each of these. But with the help of financial ratios, we can arrive at a solid conclusion for an investment. Here number defines a lot of things than the words of the management team. They can fake you with fake words, but the number says everything.

Adapting and wrong implementing

Adaptation of the new way of life just made the world better place to communicate. I’m not sure with these all amazing technology the world became a better place. Because better is a relative word. Of course the world got better at communication, transportation, lifestyle and availability of information. On the other side it did made some of it worse. The scenario that needs necessary attention is to the earth itself. Climate worsened, pollution peaked, diseases begun proliferating rapidly, manipulation, suicide attempts and many such things. Certainly technology never intended to bring evil to the world. But when it reached the wrong hands, technology became a personal tool to personal gain, totally neglecting the core principle of making the world a better place. So it’s not wise to say that world became a better place in first place. Since it’s a relative phrase it would be more acceptable when said accurately. Technology did more deed than evil and it ethics perfectly ...

Waste less time

While doing a job, whether we love it or not, what is more important or what is more it makes meaningful is the result. How much results or output stands afterward is always the measuring tool. We do lots of hacks such as productivity booster to increase result rate. Out of all, most of the time, assigning time is quite powerful. Time creates a sense of urgency. We all know that we have only limited amount of time, yet we waste it. But when we assign time to a task, we most likely to finish the work than thrash it. The reason is simple : our brain function more vigorously when time is included. We never estimate the time spent in entertainment or on drugs. Although it cost a lot of time when we wander in unwanted things, we tend to avoid time management here. But feel drastic feeling when we finds a few minute increase in productive work. Here the problem lies with the brain itself. It tricks us to believe that a minute spent productively can be equated with an hour in entertainm...

Resistance is ill backed

Resistance is about not doing the things that matters the most. The things that leaves a lot of output in the long-term. The reason why we procrastinate the important things is because it is the manifestation of resistance. We might get bewildered if we knew what this resistance had done to us and to those around us. The craziest part is we don’t we know if there exists resistance. Because resistance itself blocks its discovery. It or the brain part which controls it knows that the slightest awareness of resistance is danger. It’s a threat for the existence. It cannot survive with proper knowledge. Each time an endeavor starts to unfold resistance keeps it under the bed. Gradually making it repellant it succeeds in strengthening the procrastination. The main cause people won’t defy the resistance is they don’t know it’s existence. It’s invisible and involuntary. We easily spot a liar or a traitor after couple of days of engaging with them. They possess a body, a character and more...

Growth limit

What limits our growth is our own perception towards growth.

The crypto method and concern

With the promise of making finance and its concern more secure, cryptos are gaining popularity. Especially in the gaining popularity of bitcoin, large sum of money is pouring into it. The traditional means of carrying a paper currency due its certain limitation is less in demand. Besides the way to deal with commodities and goods internationally it tough to manage. The increasing inflation is another concern. Amid all of these limitations people still choose to go with paper currencies, even the governments for worst. Government has its own concern over losing power over peoples money transactions and the threat laying over the banking sectors. Those concerns are valid to reason upon because of the burst of large unemployment. But the flipside is so enticing. The increasing number of people talking about it is a great example. Within this decade about one in seven people in the world would migrate to cryptos. That is a huge market. So, there is nothing to wonder about billionaires pour...

Insanely Practical

Search This Blog