How The Magic Bullet Theory of Investing

Unfortunately, too many believe that success in our society depends on luck. Therefore, your financial plan is based not on making money and investing, but on waiting for the fairy godmother.

Some wonderful ways to get rich:

Lottery

A better way to get rich than winning the lottery. Even if the odds are 200 million to 1, someone has to win, right? Why?

A by-product of this is gambling. Head to Las Vegas or Atlantic City and get paid at blackjack or even roulette table.

Or head to the racetrack and hit the Trifecta.

Most players will lose their prizes sooner or later. They're really not in it for the money.

However, lottery winners who receive millions of checks seem to have the same problem. I read that most lottery winners spend all their money within five years or so.

Gambling Fraud

Receive emails or view ads online. Just send a few dollars, a few hundred dollars, or a few thousand dollars and you can relax on the beach and earn $35,000 in rake per week.

Another variation is the $100 hourly printed envelope. $500 per hour for completing the questionnaire on a computer. Or buy a ready-made website and watch your bank account grow.

Be sure to check out these government grants to help you pay off your debt.

In this case, those who make money will be very lucky if they find another sucker who falls for their plans.

Why don't you go to Mexico and buy 1 kg of cocaine and sell it on the street? Insurance premiums - and your statutory costs will be huge. Give away all your savings to a person you meet at a bar who is guaranteed to pay 50% per month. Your brother-in-law is in this business, so you know it really works.

Have you ever heard of a man named Pongy?

The government decides everything

There are no free meals, and even if the government gives them to whoever asks, then someone has to pay the taxpayer.

Did you know that the percentage of people who do not pay income tax in the US is approaching 50%? Where does a free lunch come from if no one pays? The number of wealthy taxpayers you can use is limited.

In New York City, low-income Housing Corporation customers are demanding compensation in the form of higher rates. Social security is under threat. The golden goose begins to dry.

All government directives are conditional. If the government gives you something, it will want to teach you how to live. Are you ready to compromise?

High expectations

The long-term average return on the stock market is 10% per year. However, a little calculation shows that you will not be able to achieve your goal at this rate. Therefore, we expect a 15% profit.

There are many people who beat the stock market year after year. This requires a lot of work. Even professionals have a hard time.

If you are knowledgeable and willing to work hard, you can make this assumption without hesitation.

But don't rely on simple financial assumptions, and expect your dreams to come true just because you've been lucky for the rest of your life.

You can steal or inherit money. Most people have to work for it, and they have to work harder to keep it growing.