July 25, 2008

Can You Really Become Rich in Days?

By Phoenix Delray

There are people all over the world who want to know how to become rich in days, but they think that it is impossible. There are tons of different ways that someone can become rich in days, but most of them are really not that practical. Sure, everyone would love to win the lottery, but is this really something that you want to sit around and wait for years for it to happen? There are however, a variety of ways to become rich in days that are completely possible.

So many people in the world today want to make a quick buck or want to wake up one day and suddenly have millions of dollars in their bank account. These are the types of people that sit around on their butts waiting for someone rich to marry them, to win the lottery, or to coin a hit song or write a bestselling novel. While these methods work for some people, they are really not practical for most of the population. The truth is, less than 1% of people who become rich do so by the means of winning the lottery, becoming famous rock stars, or marrying into a wealthy family. These things would be great if they were easier to come by, but they are just not things that come along very often.

Some of the better and more practical ways to become rich in days are by starting your own business or investing in things. Starting your own business is something that could potentially take anywhere from a few months to a few years to really see a return on your money. So if you are truly looking to become rich in days, then this may not be the venture for you. Investing is most likely something you have done at some point in your life without even realizing it.

If you were a young boy who bought and traded baseball cards with friends, then you were in some way investing. Each card had a different value and some were more coveted then others, but they all cost the same when you bought them in a pack from your local store. However, each of them has an intrinsic value which allows you to trade them for other cards that add up to the same value of that particular one. This is the same concept that is used by entrepreneurs and businessmen to compound on seed capital. This concept is used every day with money and is referred to as opportunity investment.

Regardless of what method you choose to expand your financial freedom, always keep in mind that there are ways to become rich in days.

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