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Then why are there so few legal ways to accumulate large sums of money very quickly? Yet so many illegal ways that it's gotten so bad that people have actually resorted to scamming, ripping off robbing, backstabbing and double crossing other people in so many different ways shapes and forms for money that now it's hard to tell who we can or can't trust anymore?

2006-08-09 10:11:39 · 3 answers · asked by n8boi02 3 in Business & Finance Personal Finance

3 answers

The problem is with everyone wanting instant gratification. They all want to make 75K+ a year but are too lazy/impatient to actually do what needs to be done. If people would put half the time into education and self improvement that they do into trying to find the easy way out they would be amazed at how much easier life gets.

For those who are willing to take the time to get their education and get a job the money is out there. In the last 2 years my income has tripled because a) I am constantly taking courses and improving my education b) I am willing to bust my *** and make sure the job is done right and c) Then number of people doing both A and B just keeps getting lower.

2006-08-09 10:22:52 · answer #1 · answered by Jim R 5 · 2 0

As with anything, hard work results in bigger returns. But every now and then you get lucky. If your talking about large sums in the 10's of thousands of dollars, then unless you have a massively rish relative it's not going to happen.

But, I net an average of $500 per month from this site ( http://website.ws/kvmlm2/my.dhtml?sponsor=wvjock ) doing just a little work. I'm sure you can make more the more work you put into it. But this amount works for me. Its my mad money each month to do with as I please without having to worry about bills and such. Try it out.

2006-08-10 09:48:48 · answer #2 · answered by Robert W 2 · 0 0

Yes it is very hard to accumulate. Majority of people are living paycheck to paycheck. When they get their paycheck, most of it is already spent on paying bills. So it is difficult to save money. America's consumer debt is in the trillions of dollars. And for the first time since the Great Depression, America's savings rate is at a negative rate.

Time has change when we entered into the 21st century. Before, America relied on pension plans, social security, and their savings to pay for their retirement. Now pension plans are going extinct and social security pays out very little income each month. Savings accounts at banks has interest rate of less than 3%. If inflation is at 4.5%, and your interest rate of return on your savings, retirement plans, etc is below it, you are losing money.

Anyway, America is desperate for a way to get out of this mess and some resort to believing get quick rich schemes. It doesn't exist and it will never exist. I will seek a financial professional who is licensed to help you out. I got help from Primerica Financial Services because I can closely relate to them. Majority of those agents are middle class citizens who has no financial background and are sick and tired of being screwed. Plus they provided me a game plan to get me out of debt for free and a plan to help me reach my financial goals.

2006-08-09 10:17:34 · answer #3 · answered by Anonymous · 1 0

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