How To Get Rich Overnight

Yes, we know you have been looking for this – the absolute, tell-tale, secret way to get rich overnight that no one has ever told you before! This is the Holy Grail of success and financial security, and we know and have known the secret for years and just have been holding it back.

Well now, we are ready to reveal it to you. And no, it’s not about winning the lottery.

Those of you who have known our business would know that I would never advocate putting money into a lottery, much less any “get-rich-quick” schemes that are actually illegal or could be. What a giant waste of money! We are here to help you make an investment, and investment has to do with a calculated risk that you might actually make money. The odds of winning a lottery is not a calculated risk – it’s easy to calculate that the odds of a lottery ticket being an investment is about 1 in several million, if not billion.

We don’t like those odds. What we like are odds that are a bit better – no guarantee of success, but with the right education and tools in place, the chances are certainly better than a lottery ticket. Even when you consider that 80 percent of restaurants fail, that means if you open a restaurant you have a 1 in 5 chance of success. And that is far better than a lottery ticket.

So how do you get rich overnight? Are you ready for the key secrets in becoming one of the growing number of millionaires in the world?

Here are the things you need to get rich overnight in today’s economy.

6 Tips To Get Rich Overnight

#1. Have A Vision, And Set Goals

To be honest, there is no real thing as “overnight” riches. However, you can do behind-the-scenes work that leads to the outward appearance of getting rich overnight. One of the things you need to do is have a vision and set goals. If your vision is to be independently wealthy within five years, you then have to take that and break it down into smaller time frames and goals, like a goal after one year, then after year two and so on.

Then break that down even more by quarter or month, and have specific steps along the way (pay off the mortgage, pay off car debts and add no more, work extra hours, do a side job, etc.) in your plan.

#2. Don’t Quit And Be Focused

The work-life balance is often a common theme, but in reality, those who advocate it are not the types who go after getting rich; they just want to be comfortable. If being “comfortable” is not enough, then you focus your energy and time on your goals and vision, and don’t allow yourself to get distracted by “balance.” Developing good habits is essential if you wan to get rich one day.

Oh, and don’t believe those who say your goal is “impossible.” It’s only impossible because it’s not their goal. It’s yours. Own it.

#3. Be An Entrepreneur

Find a way to monetize your best skill set and locate a market. You have higher potential to make money working for yourself than working for “The Man.” If you have a salaried job, do this startup on the side until it makes a certain income that covers most of what you make in your regular job, and then quit the full-time job.

Don’t go into an industry you know nothing about – if you have not been in the food-service business, don’t buy a Krispy Kreme franchise. Stick to what you know or a passion you have and turn that into money.

#4. Reduce Your Lifestyle

It doesn’t need to be drastic, but take a look at areas in your budget where you could trim here and there. Maybe buy generic or store-brand foods instead of name brand; shop sale and only sales for things like clothes or “non-essential” food items; keep driving that paid-for car.You can even use a free service to help you trim some bills.

The leaner your life can be, the more profit you can make in the end, or the longer your business can stay open if you lose money in the early months.

If you stay lean when things get going, that will accelerate your progress to riches. Be lean in business too; don’t buy new equipment until you have to (and buy slightly used when possible), and don’t hire people until you are working far beyond 40 hours a week yourself.

#5. An Online Presence

It’s one thing to sell yourself locally, but if you can sell your product or service potentially anywhere in the world, then why not get online? There are billions of people who surf the internet looking for a product, service, or advice. Having a website and/or social media presence can expose you to potentially billions of customers instead of just a few thousand in your neighborhood.

Even if you only get 0.01 percent of those people (1 in 10,000) to your site in a month, that is still a few million people who see your business, and even getting 0.1 percent of them to buy (1 in 1,000) can still mean a couple hundred thousand customers. At $20 a widget … well, you can do the math.

#6. Hire Good People

When you get to a point where you just can’t do everything on your own and you need to hire help, customer service is highly important. Keep that in mind when you decide what kind of position to hire – are you kind of an introvert, not very good at sales? Then hire a sales person while you do the accounting and much of the work. Are you great at what you do but don’t like the number-crunching and bookkeeping? Hire an accountant or bookkeeper, so you can focus more on what you like to do. And go through a thorough vetting process; whatever type of position you hire, you need to find a person who understands the customer and his or her needs or wants.

Meeting and exceeding the needs of customers and clients helps you get repeat business and referrals, and that will lead to success. Find the balance – there may be great salesmen or accountants available who might not have the people skills to work with you well, while there are great people who may not be very good at what you want them to do. Workplace chemistry is important, but you don’t want someone who is not competent where you have to “clean up” after them when they don’t do their job. And sometimes it will take more than one interview to find that right candidate. Be patient; the time you spend on this is an investment, not an expense.

Final Thots

As you can see, much of this is “behind the scenes” stuff, so it can be easy to get rich overnight in the span of a year or two. Hard work, dedication, having goals, and then finding a market for your skill set are all things than happen in the shadows. The shadows are key to getting rich overnight.

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Jon Dulin

Hi, my name is Jon and I run Penny Thots. I've been interested in personal finance since high school and love writing and talking about it. You can learn more about me in the Authors section of this site.