Beware of Get-Rich-Quick-Schemes

What is called a "get-rich-quick scheme" is defined as: a scheme that promises to make a person extremely wealthy over a short period of time, often with little effort and at no risk.

I have always thought that if a get-rich-quick scheme truly worked i.e. if it could really show everyone who bought it how to make millions of dollars quickly, then the person who discovered it or invented it, rather than selling his book or system for a measly $50 or so would instead give his book away for free to whoever wanted it, in return for 10% of whatever money each reader was to make from applying the get-rich-quick scheme.

The absence of logic in get-rich-quick schemes

Since the person selling the scheme is so certain that every person who learns his get-rich-quick scheme will make millions of dollars, it would be much more profitable for him to give the book away free, and then receive 10% of whatever millions each reader is sure to make.

In this way he would stand to make hundreds of thousands of dollars from each person who got his book, rather than just $50.

Indeed, there are people out there who are literally starving, and who can’t afford the price of the book, but who would be sincerely willing to give him not just 10%, but 50% or even 90% of the millions they will make if his offer is what it claims to be.

The fact that an upfront payment is always required tells you quite clearly that it is the receiving of this payment, and in some cases getting your credit card number for fraudulent reasons, that is the real purpose behind the person selling the scheme.

99% of money making teachings are scams

The majority of money-making teachings and books out there, even many of the ones that are considered respectable socially, are really such get-rich schemes.

This includes most law of attraction teachings and books, and most success and prosperity teachings and books, that are considered more respectable.

Many, though not all, of the teachings that do not promise instant wealth do so out of shrewdness, to differentiate themselves from the more disreputable teachings, and to maintain social credibility.

Get-rich-slow schemes

The more shrewd dishonest teachings know that if they promised instant results, this would put potential customers on the alert and raise their suspicions about the teaching.

Also, when the reader or student failed to achieve the results that were promised quickly he would abandon the teaching; whereas when the dishonest teaching pretends to be the real article by talking, like many honest teachings, about the necessity of hard work and perseverance, the customer will not only let his guard down and be taken in, but will continue to buy more books and pay more money for a longer period of time.

These dishonest teachings, which usurp and mimic the language and vocabulary of honest teachings, cannot really be called get-rich-quick schemes because they do not promise instant or effortless wealth, however they do this merely in order to bait the more sensible customers.

They are get-rich-slow schemes or just plain get-rich schemes.

The genuinely honest teachings, which are in the minority, are not schemes. They provide genuinely useful and valuable information or services. None of them provide instant wealth.

Ineffective arguments against get-rich-quick schemes

The old argument against those who sell get-rich-quick schemes is actually ineffective; it goes something like this:

“If you have found the secret of how to easily and quickly make money, then what could possibly motivate you to give this secret to others? Why not just keep it to yourself and become the richest man in the world?”

This is actually an ineffective argument; the schemer will simply reply in the tried and easy way, giving a mushy talk about helping others find the same success that he has found, sharing his good fortune and giving something back to society and so on, which raises the inevitable question “if that is your real motivation, then why not just give the book away for free?”

Actually it is irrelevant what the answer is. And those who make such arguments and pose such questions in the first place are merely wasting their time.

They are opening themselves up to the answers of a master manipulator, and believe me the manipulator has developed an answer to every possible objection.

What does the expression “to make money” mean?

The truth is, no honest shortcut to easy riches exists anywhere on earth.

Accept this fact, it is the truth. To seek such shortcuts is to delay yourself, divert precious time, energy and attention from how you could really progress towards your dreams.

Examine for once the expression “to make money”. It says it all quite clearly, you have to make money; money has to be made i.e. formed, created.

Apart from a tiny minority of people who inherit their wealth or happen to win the lottery, you cannot under ordinary circumstances just get money or acquire money, unless you resort to fraud or theft. You have to make the money that you want to enjoy.

How is money actually made?

So how does one make money? Do you set up a mint and start printing money?

No. Actually it is simple. There are only three basic ways that money can be made:

  1. you take from the raw materials provided by nature (or by other people) and create some useful, uplifting or beneficial product, and then offer this product at a competitive price to those who have money, in exchange for some of their money.
  2. you do something useful, uplifting or beneficial, i.e. provide a service of good quality and at a competitive price, to those who have money in return for some of their money.
  3. you attain a high level of spiritual development, maturity and wisdom, through continual striving, so that Creation or even God himself, provides you with the money you need, the moment you have attained a sufficient level of development. This however is rarely achieved passively, though instances do exist, but it is usually done actively, whereby you make the money through superior work you do that arises from the maturity and wisdom of your character.

No other ways exist to legitimately and morally acquire money. Much of the time, people will make use of all three, in some cases at the same time.

The common denominator

What is the common denominator in all the above ways of making money?

The common denominator is personal labor. To practice any of the three above means of making money, it is necessary that you work, carry out labor, regardless whether this is physical labor, mental labor, or spiritual labor.

This focused and applied labor, is what creates value or rather makes value. The generation of value, or making of value, for other people through labor, which results in them handing you some of their money, is what it means “to make money”.

The reason is simple, in that according to Creation's Law of Balance, you do have to give others something, whether it is something you made, or something you do for them, in return for some of their money. You have to give first in order to receive.

The division of labor

In a free developed society, labor is divided, what is called the “division of labor”. This means that different people specialize in different specific parts of the production process.

So for example in making a car, instead of one worker building a whole car, a process which would take a long time, instead each worker focuses on one aspect of the production process and becomes excellent, efficient and quick at it.

One worker focuses on installing the door to the cars, and becomes an expert at this, becoming increasingly quicker and more effective at it, installing perhaps hundreds of doors a day, in an assembly line system.

Another worker focuses on installing the side mirror, and becomes an expert at this, installing perhaps hundreds of side mirrors a day.

Of course the above process is now defunct in the specific manufacture of automobiles, where advanced robot technology is employed that is much faster and more accurate than human beings.

The above is merely an example of the division of labor in production. The real producer of the automobiles in the above example should be considered the owner of the factory while the workers who are physically making the automobiles, are strictly speaking selling their services to him for a wage.

Thus they are doing something for their employer, in return for some of his money.

Though the workers are physically making the cars, still in an economic sense they are really selling their services to their employer. Still they also belong to the first category; they are making something. They are making something for their employer, which he then sells. So they are really doing something for the employer, carrying out a service in return for a salary.

Another example of production is when an artist creates a beautiful painting or sculpture and sells it, or a farmer who plants a crop in an economically efficient and high quality way and sells it on the market for a competitive price.

An example of the division of labor in services

In the case of the second means of making money, which is to do something useful, beneficial, uplifting for someone who already has money, in exchange for some of their money, this is all the activities of providing services to others.

As I said, in the above example of the assembly line production process, the specialist workers are strictly speaking also selling their services to their employer, in return for a salary, and not just making something themselves which they then sell.

With regard to exclusively service-based money-making; let's take a translator for example, who specializes in translating certain languages.

He first chooses a few specific languages to specialize in, studies them at a specialist school, masters the grammar and learns a huge range of vocabulary in those languages, and constantly expands his vocabulary and skills over time.

In this way he becomes a greater professional expert at those few languages, and more useful to his clients who require his specialized services, than if he was to attempt to study all the thousands of languages of the world, and remain a mediocre amateur at any one of them.

Thus specialization leads to greater expertise, efficiency and effectiveness of the individual specialist, and the cumulative societal result of the division of labor is that production and service overall become more efficient and effective, raising general societal prosperity and standards of living.

In the next page I will reveal essential secrets and insights and expound on several different aspects of the philosophy and economics of personal prosperity, that you can use for your own advancement.

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