When you get rich quickly, bad things happen

Darryl Bachmeier
Oct 10, 2020
Finance


You may have heard that if you want to get rich quickly, bad things happen. Some believe in this while others think it is a myth and nothing more. Regardless of what you believe, the truth is explained here. Getting rich quickly isn’t ideal nor something you will want in your life. Here’s why and how this translates into your life.

Getting rich quickly isn’t realistic

If you get rich quickly, bad things that happen to you is just a part of the story. The first thing you need to understand is that there is not a quick (legal) way to get rich quickly. Yes, you can win a lottery or something similar, but the odds for that are minimalistic. The main reason why this happens is the law of equity. Basically, what you invest or put in reflects what you are going to get. The best example is using pills or tablets to lose weight. It doesn’t work and you will gain the weight back within weeks. The situation is the same as trying to get a lot of money while investing a short period of time and usually lower amounts of money. To get rich you need to be wise. You need to know when to invest, what to invest, and when to withdraw your money. Wisdom isn’t something you can get overnight. You need plenty of time, try and error in order to develop the proper level of wisdom that you actually need. Without it, you will make one or two mistakes and fail to get rich. Or you can lose your money. We would also like to add that getting rich is a path, not a final destination. Think about what being rich actually means. Is that when you are a billionaire or when you can have a happy, ordinary life? Being rich is actually having money for your needs and the things you like at any given moment. You need to learn how to manage its property. This takes time as well, so getting rich quickly is an impossible alternative.

Chances are high you will lose your wealth quickly

Even if you get rich quickly, chances are high you will lose that money even faster! There are several reasons for that and almost all of them are present in people who got rich in no time. When we mix all of them, we can see how dangerous and negative these are.

You don’t know how to control large amounts of money

Obviously, you had little money and now you have a lot of it. Did you have the time to learn how to control that money? Add impulsive buying to the equation and you can deduce the outcome. That’s why most people who get rich quickly, lose all that money within the first year.

You will avoid challenges

Rich people learned that a challenge must be taken. They have the self-esteem and mental power to tackle any challenge. Those who got rich quickly usually avoid challenges. As such, the risk of losing money is even higher.

You will compare yourself to other rich people

You have money now, so you will get a high level of confidence and self-esteem instantly. You will compare yourself to others (usually even richer people) and want the same things as they have. Being rich means that you can generate large sums of money on a daily basis. Do you have that?

You will want a high profit from cheap investments

You got rich in a few weeks. Your investment was successful and you will believe that all investments should be the same. But, you have invested a low amount of money so you will want the same deal over and over again. Trying to get high profits from small investments will usually end up badly.

Focus your attention on getting rich properly

Instead of trying to get rich quickly, focus your attention on doing this properly. Get skills, wisdom, and invest tons of time and effort into the process just to make sure you will have all the needed elements to make a profit and keep it. Avoid even considering to get rich quickly. As you saw, this isn’t desirable and it comes with more downsides than advantages. Getting rich will take time so you must invest it as much as you can. If you work 8 hours a day and get up at 10 a.m. in the morning, getting rich isn’t probable! Rich people work all day and can accomplish plenty of tasks in a single day. Learn how you can do the same.

Conclusion

When you get rich quickly, bad things happen and this is the true. As you were able to see, there are countless downsides to this journey. It isn’t something you think it is and it causes additional problems in your life that will have a catastrophic effect. Focus your full attention on doing this properly and be prepared to invest countless hours of your precious time.

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