1 August 2007 4 Comments Print This Post  Email This Post

Who would like to make thousands online? Easy, just buy a “wealth package” on ebay and read up. Who would like to make $20,000-$50,000 per real estate investment deal? Easy, just attend a real estate wealth building seminar and buy whatever it is they are offering. I’m simply amazed by the amount of these get rich quick programs on the market. Even financial forums online are being bombarded by spam that has to do with some type of get rich quick scheme. Every now and then I hear about a friend or aquaintance buying another one of these products but I never hear them mentioning it ever again after the purchase. I admit, I have bought some of these so-called wealth packages in my younger days. I’m only thankful to them for one thing and that is making me realize that there is no such thing as quick money. The only ones getting rich quick are the ones selling these programs to consumers.

Nowadays, the so-called educational programs are actually adapting themselves in order to disguise the fact that they are indeed worthless get rich quick schemes. Get rich quick programs are taking on all shapes and sizes. You see cheap e-books and so-called programs on eBay anywhere from $2-$200. But there are also the more sophisticated seminar-based programs where the product can run thousands. I’ve seen these programs based on internet profits, stocks, real estate, MLM, and just about anything else that is associated with wealth. You need to spot these things immediately and get you and your loved ones as far away from them as possible.

Characteristics Of A Get Rich Quick Program

1. Get rich quick schemes always start with a nice environment to make you feel at ease. If it’s a seminar, its at a nice hotel and everyone is wearing nice clothes. If its an ad, its a nice colorful and eye catching piece with big bold words such as “wealth”, “rich”, “real estate”, “stock market” or anything else associated with wealth and consumerism.
2. All of these programs have a show and tell segment where the presenter or ad writer goes on to tell you about their wonderful life, their mansion and the Ferrari they just bought. They tell you how much they make and how you are so lucky to come across their program. This is done to get you salivating over what can be yours and take your focus off of the product they are trying to sell you.
3. Soon after you’ll see some funny testimonials from people who claim that the program changed their lives. This makes you feel as though regular people are making money from this program and if you don’t jump on board soon you’ll miss the train.
4. You will be told over and over how the program is easy and how anyone can do it. This is the part where most get rich quick schemes will specifically say “this is not a get rich quick scheme.” They will also say they have a money back guarantee and how its easy and risk free. Try to return one of these products one day and see what happens. They do everything in their power to make you think that it is not just another get rich quick scheme because they know a lot of their target audience has already tried other programs and has failed.
5. BAM! The OTO (One Time Offer). Here they will start with some ridiculously high price. They then follow with, “but wait, if you act right now, you’ll get 50% off plus access to our blah blah database, newsletter and even a free phone consultation with so and so, our CEO.” The high price is meant to establish credibility and show you its a serious product. The new lower price makes you think its a great deal and you have to act now, especially since you are getting all these so-called exclusive special add ons.

Why do people still buy these things? I think a lot of people want a quick fix in all areas of life. Thats why diet pills will always be around, as well as get rich quick schemes. A spender with a consumer’s mentality will buy these programs, not an investor. Consumers spend money in order to look good and they allow the get rich quick salespeople to paint a picture in their minds filled with mansions, rolls royces and money. They want fast money so they can do some even faster shopping. They no longer shop on price, return on investment or even common sense because they assume that purchasing the product will be an instant financial boost.

Why Get Rich Quick Programs Do More Harm Than Good

1. They paint a overly simplified reality of wealth building. Although wealth building includes just three basic fundamentals; making money, saving and investing, these programs promote consumerism and brain washes people into believing that just by just making more money, they will be financially free.
2. These programs distract you from real wealth building. Instead of wasting time reading sales pitches online and attending seminars, you can be working on ways to save more and invest more. The money spent on these programs can be saved or invested.
3. These programs can ruin relationships. One person can be sucked into the hype of the program while the other isn’t. The program fails then guess who’s fault it is.
4. Sometimes programs offer discounts or incentives for recommending the product to friends or family. Those people then fail miserably and the person who recommended it loses credibility in their circle forever.

Investors see past these nonsense programs. Investors are smarter than the salespeople who pitch these products because we shop based on return on investment. Like any ROI analysis, we look at facts and we apply them to claims and projections. After a quick analysis, anyone with an investor’s mentality will conclude that a get rich quick program will never work.

Why Get Rich Quick Programs Are Bogus

1. If money can be so easily made by using the methods in some program, then the sellers will not be selling you the information. They would expand their operation tenfold and massively increase their wealth.
2. If there was really some program out there that can make anyone money quickly and easily, it would be all over the news and everyone would know about it. A secret like that won’t last long. Everyone will get rich and we’ll have hyper inflation.