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Get Rich Quick!

For most of us, that’s not going to happen. Reading “Fooled by Randomness” taught me about survivorship bias and in the case of those late night TV ads pushing everything from day trading to get rich quick real estate schemes, that lesson rings true. Can you make money in real estate? Of course you can. And for every 1000 people who take whatever course is being sold, there are certainly those few who managed to turn a profit and maybe even begin a new career. But most of the money being made is by those selling those courses. For the rest of us, it’s a matter of slow, steady, savings for retirement and avoiding the 10 reasons you are not rich. Sorry, there’s no magic secret I can offer to riches, just some common sense, and patience.
JOE

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