any people dream of becoming rich, but many also believe you have to be born to a wealthy family to become rich. The truth is there are plenty of ways how to get rich quick.
In fact, only 20% percent of people become millionaires through inheritance.
The other 80%? First-generation rich, meaning they started from nothing and piled up money.
So, getting rich is very doable. It’s just a matter of putting your mind to it.
Sure, you can play and win the lottery, and be rich overnight, but that's a long stretch.
But there are a lot more ways to get rich than mere luck from playing the lottery.
In this post, you'll learn:
- the best place to start your journey to becoming rich;
- what you need to do before reaching that status;
- and so many more.
If you are interested:
How To Get Rich Quick: 13 Easy Ways to Get Rich Fast
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 of using these ways:
1. Make more money
The faster that you can earn more money either by working on online jobs or a regular day job, the faster you will become rich.
Let's face it:
When you're income is well below your expenses, in simple math, you'd be sinking in debt and becoming rich quickly won't happen.
That said, there's a fix for that, and that is making more money.
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 is one of the best ‘how to get rich for free’ ideas because the website lets you share your thoughts for cash.
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.
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!
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).
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 one of the 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 would normally do anyway.
2. Start investing now
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 help you invest without you having to do the technical analysis, fund allocation, among others.
With robo investing apps, investing has never been easier. Here are a few of my favorites:
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 help 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 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.
Gone are the days when you needed thousands to start in the real estate investing.
Fundrise is a real estate crowdfunding investment platform that can help you get started right away.
Real estate investing is a big thing and can be a moneymaker, passive income for you for life.
It's more accessible now than ever before.
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, one 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 become rich for good.
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.
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 one of five different portfolios that you can choose from.
The whole point is to make investing as simple as possible so that anyone can do it, and it’s a great way to put your extra income to good use and get even more in return.
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.
3. Educate yourself on money
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.
4. Pay your debt like it's the only thing you need to do
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 day after day and continue building wealth with less effort.
If you can't pay it all right away, one 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.
Yes, that's one long term secret of how to get rich quick. That's how my wife and I did. It worked.
5. Cut your bills for good
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.
There are plenty of apps now that can help you cut your bills for good, including Trim, Charlie, and Cushion.
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.
Charlie is a text-based AI assistant.
You ask Charlie questions about your personal finances, and Charlie answers. Charlie also does all your balance-monitoring, number-crunching, and other burdensome budgeting chores, so you don’t have to!
As if it couldn’t get better, 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 one of my favorite “how to get rich with no money or education” apps.
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.
6. Track your net worth
Keeping track of your net worth is one of the most important components of 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!
7. 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 budget could be the trick to a debt-free life and help you to learn how to become rich?
Would you start budgeting?
Believe it or not, it can.
My wife and I learned how to make a budget to get $40K out of debt. We learned how to budget money quickly because we had to, but after 2.5 years we became debt-free.
Get started with your first budget with these 11 Comprehensive Ways to Do It Like a Pro.
8. Practice conscious spending like a rich person
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 would for your other expenses.
An easy way to try out the zero budget system is to use a budget template.
9. Get a side hustle
Nearly 4 in 10 (37 percent) of Americans have a side hustle.
Plus, a side hustle can be very lucrative and can be your ticket on how to get rich quick.
In fact, some freelance writers are making upwards of $4,000/mo! Talk about how to get rich in a short time!
Check out this blog post to learn a few side hustles that can get you what you need without exerting much effort.
10. Invest in you
One of the simplest “get rich quick schemes” that work is to invest in yourself.
Remember, the best way you can help yourself and others around you is to not be someone in need.
Help yourself out so you are in a position to get rich quick. In the context of this article, this means investing in yourself so you can make more money!
11. Avoid purchases that are likely to depreciate in value rapidly
A key to “how to get rich quick” is to be selfish with what you spend your money on.
So, when you can:
Avoid or make smarter choices about purchases that are likely to depreciate rapidly.
A year later, that percentage drops to 25%, and five years later, your car will be worth roughly 37% of what you paid for it.
Some other purchases that rapidly depreciate in value include phones, video games, and jewelry.
12. Sell your stuff
One of the easiest “how to get rich from nothing” is to sell your things you’re doing nothing with!
By discarding things you don’t really need, you can get rich even quicker with very little effort.
Believe it or not:
Some big companies like Under Armour started with a person selling their stuff.
Read here for the best things to flip for a profit.
13. Make your money work for you
When you’re thinking “how to be rich and successful,” the biggest no brainer is making your money work for you.
One of my favorite tips to do this is by opening a savings account with a higher interest rate.
Many banks have several options for savings, but a great one to check out is CIT Bank's savings account, which offers at least 1.55% APY on your savings.
This is 25 times the current national average of .06%. Some banks pay as low as .01%
So if your bank is offering a super low rate, ditch it and move your money over to one that will give you a much higher return.
Now, I make $1,550 every year for FREE. I'm earning cash without lifting a finger.
In the grand scheme of things, that $1,550 isn't going to make me rich. But hey, this is still is big FREE money.
In conclusion …
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 personal 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 thought you how to become rich? Do you think any of these tips would help you reach that goal?