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The “Get Rich Quick” Mentality Makes You Poor

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3 months ago

I want to take some time to talk about the “get rich quick” mentality and why it will actually make you poor as well as, you will only have the motivation to pursue something that you are passionate about or that is meaningful to you.

This video was originally made as a response to the notion that I’m so far ahead for content creation and earning online and no one could earn what I earn. It takes sacrifice, hard work, and diligence. But most importantly, I never said it was easy or that it would happen quickly.

 

Less than 1% of the global population are millionaires according to the Credit Suisse report in mid-2019. This means that even if you do get lucky, you are still unlikely to make it to the millionaire club. The point of this isn’t to discourage you, but rather to show you that all the success courses, forex trading, and crazy volatile investments are not actually going to make you rich. Partially because you still need high conviction in whatever you do for it to give you those amazing rewards. If you invest $100 dollars in Dogecoin and it goes 5x, then you still only have $500.

 

You have to be passionate about what will make you rich or it won’t pan out because you won’t be motivated. Very few people are motivated enough by the dream of money alone – they actually need money. What I mean is that while the advertising and marketing can bring these people in, they won’t last long while making no money before giving up. If you aim purely to make the most at the highest risk, you would just buy lottery tickets.

 

The saddest part of all of this is by pursuing “get rich quick schemes” you become the prime target for scams and terrible projects that will mostly like rug pull and exit on you. By looking for financial shortcuts, you are more likely to fall for these enticing offers that fit with that mentality. The product you buy is “the dream of wealth.” When you could just invest that into actually growing your wealth.

 

Do you agree with what I’ve talked about? Have you ever been scammed? What are some crypto projects people should avoid? Let me know what you think about this in the comments below and don’t forget to subscribe!

 

This is a LBRY first video meaning it shows up on LBRY before it gets published anywhere else. If you’re not on LBRY, sign up and get started here: https://odysee.com/$/invite/@ScottCBusiness:4

Check this video out on LBRY to support me with monetization and no ads: https://odysee.com/@ScottCBusiness:4/Getting-Rich-Quickly:3

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Comments

I often think these days of how to get more money. We all are dreaming to have a good life. And I am well aware that it's not that easy to earn bunch of money like just in a snap, you really have to work for it and of course it needs motivation to keep on digging. Thank you for your tips and advice. ❤️

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5 days ago

I quite agree with you to some extend however I believe every human has the innate ability to get rich quickly, it takes some will power to control it. Though it takes hard work to succeed, there is also some element luck in our affairs. Those whose cannels has been cracked by the benevolent spirits should not fail to humble themselves

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3 months ago

There is no shortcut for success... You need to work hard for becoming successful.... And ultimately this success make you a rich man... This is a long term condition, you must have patience

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3 months ago

So true. There is no shortcut to success. It really takes time, patience and effort. It is a short, yet informative article. I learned a lot.

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3 months ago

The sad thing is that scammers can get rich quick. I am not talking about small scammers trying to pull out $100 or $200, but the ones that pull $40.000 $50.000 per victim. Yes it is happening every day.

I am passionate about writing here in different topics and I enjoy earning bch this way. I agree with you that it all requires hard work, but as long as you enjoy what you are doing you not look at it as a job.

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3 months ago

This is a very important video from Scott, because people fail to focus on the longterm. There is a period of time while working on creating wealth that the mind has to mature. People are what I call "financial children", because there is virtually no coursework taught in the public school system about money. There are countless stories of people getting rich quick, but because they have not matured in their money mindset they loss everything. Creating longterm wealth has more to do with building a complete person than getting money. A complete person can build whatever they want, while a person only focused of a small segment of themselves will always reap smaller returns. Thanks for this article and video Scott. Greatly Appreciated!

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3 months ago

Yes exactly. Yeah unfortunately schools do not provide us with any preparation for real life finance

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3 months ago

Everyone try to live a better life. And better life is closely related to money. That's why everyone want to be rich.

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3 months ago

Thank you for this helpful article

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3 months ago

I watch your full video, it's really amazing.

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3 months ago

good one. sad because is true, but good.

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3 months ago