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Home » 16 Proven Ways On How To Get Rich Quick

16 Proven Ways On How To Get Rich Quick

Allan LiwanagbyAllan Liwanag
April 10, 2020
in Make Money
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This post contains affiliate links. If you click and buy, I may receive a small commission. Please see my full disclosure policy for details. 

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Having one million dollars is one thing. Learning how to get rich quick is another thing. Did you know it can be done?

Search online for ways to become rich and you’ll see different (and even the most ridiculous) ways to make become just that. But most of these are scams or just too good to be true.

That’s why people, like you and me, are left with doubts that getting rich isn’t possible. I completely hear you.

That’s where this article comes in. In this post, you’ll learn:

  • The legit ways to make money fast now and in the future
  • Where and how to start your journey to making more
  • The simple tips and tricks that make a big difference in your finances

If you are ready: Read on!

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TABLE OF CONTENTS

  • How to really get rich quick
    • 1. Develop “that” mindset
    • 2. Surround yourself with the right people
    • 3. Develop the habits
    • 4. Find mentors
  • How To Manage Your Finances
    • 1. Take note of your finances
    • 2. Build your plan
    • 3. Make savings consistent
    • 4. Be persistent
  • 8 Ways on how to get rich
    • 1. Make money
    • 2. Create passive income
    • 3. Start investing
    • 4. Educate yourself
    • 5. Pay your debt
    • 6. Cut bills
    • 7. Track net worth
    • 8. Make a budget
    • 9. Practice conscious spending
  • FAQs
  • Conclusion: How to get rich quick in short time

How to really get rich quick

Even when you make money fast consistently, becoming rich isn’t something done overnight unless you win the lottery or inherit a ton of money.

That said becoming a millionaire starts with a mindset, that is, you need to develop a “mindset.” If you’re trying to mirror what the norm is, chances are you won’t be able to get to your goal.

Why? If the norms you’re wanting to follow right now are the right mindset of a millionaire, then, a lot of people would be millionaires now.

1. Develop “that” mindset

Develop the habit of “getting rich slow” than “getting rich quick.” Wealthy people have two rules with regard to money. Here are the rules:

  • Don’t lose money. Millionaires study their finances and try to search for different ways to better manage their money. Just like with studying for an exam, you’ll get better at handling your finances when you study them.
  • Read rule number one. If you’re tempted to do anything that involves shelling out money even when you need money now, then, go back to rule number one.

2. Surround yourself with the right people

When you want to be rich quick, you need to surround yourself with people that align with what you want to achieve.

You’d want to be in a group that has the same millionaire mindset and won’t judge you for what you want to have.

Learn from them, search what their habits are, their hobbies, among others and use them to better yourself.

Remember, it’s easy to be successful at achieving your goal when you have someone or some people who go through the same journey as you do.

3. Develop the habits

When it comes to money, millionaires have this habit of getting good financial advice.

They not only study their finances but they also ask others (i.e., financial advisers) who can help them further enlighten them about the ways to grow their wealth.

Other habits of wealthy people: Another fundamental trait of millionaires is that they take their time studying their investments before jumping into them.

In the case of investing in the stock market, they study the stock market, learn technical analysis, among others to ensure they understand where they should put their money in.

Wealthy people also take their time with their chosen investments or businesses. They look at every financial detail before making a decision. They never allow pressure to hinder their decision.

4. Find mentors

The best teachers are those who have a wealth of experience to share. If you are looking for ways on how to be rich, chances are there are people who have dreamed of that and have successfully done it.

They are called mentors.

Not many people can be a mentor. Those people who look down on you aren’t your mentors. They’re distractors who feed on negativities and would be more than happy to see you fail.

That said, there are people who would be willing to help you achieve your goal, and would extend their extra time and effort to make sure you get the most out of them.

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How To Manage Your Finances

When you’ve created that millionaire mindset, it’s now the time for you to move to the next phase.

This phase is where you start to manage your money. Remember that it’s difficult to be a millionaire and become rich when you don’t fully grasp how to handle your finances.

1. Take note of your finances

Making your money work for you or mastering your money to get you to your goal isn’t really straightforward, at first.

Next time, don’t make a move without asking yourself the most important questions to include:

  • Do you understand where your money is going?
  • Do you live paycheck to paycheck or don’t have a lot of savings?
  • Do you know what expenses to cut to make ends meet or save more money in the best possible way?
  • Are you willing to go the extra mile day after day to save or make $200 fast or more from home?

These are some of the questions you need to answer. Be honest with your answers. By doing this, you’ll be able to determine your strengths and weaknesses.

2. Build your plan

You can’t build a park with nog a plan, right? The same reasoning goes with wanting to achieve your goal of becoming rich. You need a plan to reach it.

Here are some of the things you need to consider when building your money management plan:

  • Create a budget. Your budget is your best friend. It can help you map your finances down to the single cent. Pick a system that works for you. There are plenty out there. Click here to learn how to create one from scratch.
  • Search for ways to earn extra money. There’s only so much you can save with your salary/income right now. One of the best ways to build wealth is to find side hustle ideas that won’t interfere too much with your life.
  • Track your spending. No matter how much money you make, you won’t become rich if you don’t track what you spend. You’ll have to determine where your money is going and where you can make cuts if needed.
  • Pay off your debt. Most of us have debts. Pay off your debt beginning with the most expensive debt – the one with the highest interest rate – while making the minimum payments on the rest. Some of the great products to help you with your debts include SoFi and Tally.
  • Track your net worth. Looking at your net worth is a good way to help you see how far you’ve come along and how much more you to need to achieve your goal. Some net worth tracker like Betterment and Capital can help you do that.

3. Make savings consistent

When you want to become rich, it’s not only spending that you need to pay attention but also the saving part. Click here to learn more on how to save money.

While a millionaire status can be a combination of money, investment, among others, it’s always better to have cash in savings.

Why? It’s because you’ll never understand when you will need to shell out money to pay for something unexpected.

By saving enough, you’d be able to live comfortably both in the short-term and long-term.

4. Be persistent

Always push through with your goal. Not everyone will become rich or be a millionaire. Some will try but will eventually let go because of the challenges they face while trying to reach that goal.

Be persistent. Stick to your plan. Don’t get discouraged if it’s taking you longer than you expected to hit a milestone. It happens.

Remember, if having a lot of money was easy, then, many people should have a lot of money now.

 

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8 Ways on how to get rich

Believe it or not. It doesn’t take so much money to make so much money and become rich. That’s just a myth. We’ve outlined 13 ways on how to get rich quick for free. You even be able to make your first million dollars after a few years with these ways.

1. Make money

The faster that you can earn more money either by working on online jobs or a regular every day job, the faster you will become rich.

No, you don’t have to get another job. You just need a side hustle or two to help you make extra money while at home, while you have extra time or some sort.

Here are several ways you can increase your surplus to get rich quick:

Survey Junkie

Survey Junkie is one of the best ‘how to get rich for free’ ideas because the website lets you share your thoughts for dollars.

Just share your opinion and you’d get paid. That’s what over 6,000,000 members have done – a testament of how good Survey Junkie really is.

Do you like lunch? Do you drive? Do you have TV? Those are some of the questions you could answer in seconds. So, why not get paid for answering those, right?

Survey Junkie works on a points system, and the points convert into cash. Once you reach 1,000 points, equivalent to $10, you can cash out your money. Since most surveys pay out between 400 and 700 points, it’s not hard to reach that threshold.

Click here to start using Survey Junkie for FREE.

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Bluehost

One of the most lucrative “get rich quick schemes” that work is starting your own blog.

For me, blogging turned out to be an awesome money maker. I got my start a little over two years ago and now make more than $20,000/mo, and spend no more than 5 hours/mo on it.

Believe it or not: Some part-time bloggers even make more than $100,000/mo! 

Heck: With that money, you might even want to consider staying at home and starting a business from it.

Did I say there are tax benefits with having a home business? If you’re wondering “how to get rich from nothing” from blogging, you first need a blogging platform.

I’d suggest using Bluehost for all your blogging essentials. Right now, you can get started with Bluehost for $2.95/mo (a price I negotiated just for my readers).  

Click here to start using Bluehost.

Swagbucks

Using the internet? Watching videos? Playing games? Shopping? You know you can get paid doing just those and more.  That’s possible with Swagbucks.

Swagbucks is among those few sites that can help you earn money by doing just about anything you already do online.

So, it’s definitely worth a try especially if you’re always in front of the computer or phone.  Why not, right? You might as well get paid to do things that you normally do anyway.

Click here to get started with Swagbucks for FREE and receive a $5 bonus when you sign up.

2. Create passive income

You’ll also want to determine those consistent money-generating activities without you putting too much into it. These are called passive income.

When you earn passive income, you make money even when you’re asleep. Sure, it will take you some time to find and build a passive income stream.

That said, once this has been established, you’d find yourself with money month after month. These passive income ideas can range from starting a business to blogging.

3. Start investing

Being frugal is important, but just as important is making your money work for you.

If done right, investing in the stock market, in your traditional or roth IRA, etc. can be a good way to get rich quick. If you want to know the best secret on how to become rich fast, start investing. Period.

If you don’t believe me, take it from the millionaires. According to CNBC, millionaires on average invest 20% of their household income each year.

Granted we aren’t the investor junkies or geeks that can understand what’s going on in the stock market.

There’s a solution to that, and it’s a simple one. They are called robo investing apps, which really are just apps that assist you invest without you having to do the technical analysis, fund allocation, among others.

With robo investing apps (e.g., real estate investing), investing has never been easier. Here are a few of my favorites:

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Lending Club Invest

Lending Club is the largest, beginner-friendly peer-to-peer lending group. Whether you are trying to refinance or loan money, Lending Club can assist you make an amount of money completely passively.

Lenders have earned an average return of 9.65% per year since June 2015.

The platform also allows you to make investments semi-automatically, so you don’t continually have to monitor your investment or reinvest returns.

Here’s the real kicker: For those borrowing, there’s great news.

Borrowers are more likely to receive a lower interest rate compared to major banks since many people fund the loans (not banks).

What does this mean? It means that a lot more people will go to Lending Club invest to borrow money. So, more borrowing means more money for you.

Click to get started with Lending Club today!

Fundrise

Gone are the days when you needed thousands to start in real estate investing. Not anymore.

Fundrise is a real estate crowdfunding investment platform that can help you get started right away.

Here’s the real deal:

You just need a minimum investment of $500 to invest in either or both types of real estate investment trusts, the first for immediate income and the other for growth. After that, you are good to go.

Click here to start investing with Fundrise. Be on your way to learning how to be rich for good with real estate.

Acorns

I understand that not all have $1,000, $500, or even $10 to spare for investing.

Believe it or not: You can still invest by putting in a couple of cents here and there. That you can do with Acorns. 

Acorns take a lot of the work and thought out of saving and investing.

The app monitors your daily purchases and takes the spare change after rounding up and invests it into several different portfolios that you can choose from.

Sure, you won’t get rich quickly, but constant investing could give your pocket a boost.

Here’s what happened to me: Between investing change, referring people, getting cash back from Acorns, among others, After seven months on Acorns, I turned my cents to $2,400. That’s over 12.5% rate of return.

Click here to start investing with Acorns and get a FREE $5 for signing up!

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4. Educate yourself

Did you know that 40% of people in the U.S. don’t have $400 set aside for an emergency?  A simple way to stay out of that 40% is by educating yourself on money.

When trying to find new and unique ways to conserve funds, financial guru Dave Ramsey is an excellent person to grab advice from in many different finance-related areas.

From cutting back on activities and items you don’t need to find ways to obtain excellent deals, there are quite a few Dave Ramsey tips for saving money with little effort on your part.

5. Pay your debt

Debt can be an ugly thing. In fact, about 77 million Americans, or 35 percent, of adults with a credit file, have debt in collections reported in their credit files, according to the Urban Institute.

I get it. Paying down debt is hard work.  I’ve been there and I feel your pain.

Not long time ago, I was indebted to the tune of over $40,000 with no savings in the bank or funds for my retirement accounts.

In paying down your debt, it’s always good to find ways to pay it down as fast as you can.

That’s what I did, and have been debt-free for years now. Now, we see our savings account continue to grow every day and continue building wealth with less effort.

If you can’t pay it all right away, an option is to consolidate your debt – a way to reduce your interest payments (especially with that dreaded student loan) and penalties, and a way to save money fast.

Some products you can use to consolidate your debts at a lower rate include SoFi and Tally. Yes, that’s a long term secret of how to get rich quick. That’s how my wife and I did. It worked.

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6. Cut bills

If you’re still asking yourself, “how to get rich in a short time,” cutting your monthly bills is a surefire way to put money back in your pocket.

Trim

Trim will negotiate your utility bills for you, but also does a whole lot more.  When you use Trim, the system will analyze your spending and then help you to cut costs by canceling unwanted subscriptions for you and more. 

Click here to start using Trim.

Charlie App

Charlie is a text-based AI assistant.  You ask Charlie questions about your finances, and Charlie answers. Charlie also does all your balance-monitoring, number-crunching, and other burdensome budgeting chores, so you don’t have to!

Charlie continuously monitors your transactions, finding you ways to save money, cut expenses, and understand your spending.  All the work is done for you, making Charlie a favorite of mine when it comes to “how to get rich with no money or education” apps.

Click here to start using Charlie.

Cushion App

With 21% of working Americans having zero in their savings, getting bank and credit cards fees refunded could help get you some cash back in your wallet!

Similar to Trim, that negotiates your bills from cable/mobile companies, Cushion works with banks on your behalf to get your money back from silly charges like overdraft fees, wire transfer fees, foreign transaction fees, minimum balance fees, and more.

Fees Cushion will negotiate include ATM fees, monthly services fees, overdraft fees, withdrawal limit fees, wire fees, late fees, and interest charges.

Click here to start using Cushion.

7. Track net worth

Keeping track of your net worth is among the most important components on how to be rich and successful.  Tracking your net worth is pretty simple these days.

Through platforms like Personal Capital, all you have to do is fill out a short survey answering questions about your financial position and future goals.

From there, the robo-advisor puts together an optimal portfolio for you and manages it, so your investments stay on track with your goals.

Personal Capital is great for tracking your net worth, which could turn into a ‘how to get rich quick’ tip success. Plus, it’s free to sign up!

Click here to start using Personal Capital.

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8. Make a budget

Just hearing the word budget can make most of us cringe. I know. I know.

But what if I told you that a simple one could be the trick to a debt-free life and help you become rich?  Will you start budgeting? Believe it or not, it can.

My wife and I learned how to make one to get $40K out of debt. We learned how to do that quickly because we had to, but after 2.5 years we became debt-free.

9. Practice conscious spending

If you’re asking yourself “how to get rich with no money or education,” a budget is extremely important how to get rich quick.

There’s something called the zero-budget system, which you can apply using the Dave Ramsey envelope system.

Think of it this way.  You’re paying all of your bills in cash. When you get your income, you assign each portion to a specific envelope, so that every portion of income has its place.

At the end of the day, you should be left with zero.

That doesn’t mean that you don’t get to save money. What it is is that you put a specific envelope for just savings, and put the money there just like you could for your other expenses.

An easy trick to try out the zero-budget system is to use a template.

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FAQs

How can I become a millionaire in a year?

While there’s no exact roadmap or guide on making a million in just a year, here are some of the tips that can help you build a plan and, eventually, make you a millionaire.

  • Build your plan/ Create your budget
  • Educate yourself on finance and debt management
  • Increase your income and decrease your expenses
  • Find more ways to save money
  • Increase your passive income streams
  • Automate your savings
  • Live within what you’re capable of (and splurge from time to time)
  • Associate with millionaires (if you want to make a million dollars or more)

How can I become rich from nothing?

You can become a millionaire coming from not having anything or not having a whole lot. Here are things you need to consider:

  1. Have a vision and push through it
  2. Surround yourself with like-minded people
  3. Make a budget plan
  4. Find your niche and make passive income
  5. Consistently learn. Always upgrade your skills, knowledge, and experience
  6. Think about the things that hinder you from becoming rich. Ditch those.
  7. Invest in yourself firstg

How can I get rich overnight?

Learning how to get rich quick is a thing. Getting rich overnight is another thing. I’m not going to sugarcoat the answer, which is No. Unless you win the lottery or receive an inheritance, you can’t get rich this quick. That said, you can teach yourself the ways to get rich with no money by following the information above.

Conclusion: How to get rich quick in short time

How to get rich quick isn’t a silly question. From investing your money to selling your stuff, to simply improving your financial habits, there are plenty of ways to do it.

One last tip to getting rich quick:  Read all you can about finance, investing, and passive income. Financial successes or becoming rich doesn’t happen overnight. 

Ultimately, the more you read, the more you know, and the quicker you can get rich and achieve the life you want.

Do you think these ideas have taught you how to become rich or increase your income? Do you think any of these tips can help you reach that goal? Get started now.

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Allan Liwanag

Allan Liwanag

Allan is a recognized personal finance expert, a Level II Certified Cost Estimator, and founder of The Practical Saver. His expertise has been featured in Business Insider, MSN, U.S. News and World Report, Yahoo Finance, NerdWallet, GoBankingRates, AOL Finance, CreditCards.com, HuffPost, Debt.com, Zillow, and Mass Mutual. He was indebted for $40K but paid it all off and saved $70K, at the same time, in 2.5 years under one low income of $39K/year. Now, he enjoys sharing his thoughts and experience on saving money, making money, paying off debt, and budgeting. Read more

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The Practical Saver

About Allan Liwanag

Allan is a recognized personal finance expert and founder of The Practical Saver. He paid off his $40K and saved $70K, at the same, in 2.5 years under $39K/year salary.

His expertise has been featured in Business Insider, MSN, U.S. News and World Report, Yahoo Finance, NerdWallet, GoBankingRates, AOL Finance, CreditCards.com, HuffPost, Debt.com, Zillow, Mass Mutual, and various local media outlets. Read more

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I am Allan Liwanag – The Master of Practicality. 
My family was indebted for $40K in 2013. Five years forward, we have saved more than $400K. We did that with trick-less, simple, effective money management that most people tend to overlook.

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