I’ve posted Podcast #105 to the “RobCasts” section of the site. It’s called You Can Get Rich Slow While Also Getting Rich Quick.
You should certainly be wary of Get Rich Quick pitches. But the reality is that some opportunities tend to help you become rich slowly while others require years of effort and then provide a quick financial payoff. An excessive wariness of anything that “sounds too good” can hurt you. The real trick is to combine Get Rich Slow investments with Get Rich Quick investments in the right proportion.
Update: There have been two developments in the story reported on in yesterday’s blog entry.
I sent the e-mails to Bill Schultheis (author of The New Coffeehouse Investor) and J.D. Roth (publisher of the Get Rich Slowly blog) described in the blog entry. Both Bill and J.D. responded.
J.D. said that he has not banned me from posting at his blog. He said that he has never banned anyone. I am still not able to get my comments to appear on the thread relating to Bill’s guest blog entry. J.D. is out of town and away from his computer (he read my e-mails through use of his phone), so he has not yet been able to address the technical problem (J.D. had a site upgrade last week — my guess is that the problem relates to that). But he has indicated that he will get things fixed up in a few days.
Bill sent me an e-mail objecting to me quoting him as saying extremely positive things about my site without his permission. He did not claim that the quote I used was inaccurate. I responded with a long e-mail that aims to bring to the surface the underlying issues that gave rise to what I believe can fairly be characterized as an exceedingly odd complaint. I will post the text of that e-mail in a later blog entry. I told Bill that I am happy to give him space at the blog to comment on anything that I have said that he views as being either inaccurate or unfair or unkind. I also said that I am happy to quote the precise words that he used to express his objection to my use of the quote from him but only if he gives me permission to do so. I said in the earlier blog entry that I will provide the texts of Bill’s e-mails in our ongoing (I hope!) correspondence only if he gives me permission to do so.