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18 Ways to Go Broke Trying to Get Rich

Cheapism Logo By Terri Williams of Cheapism | Slide 1 of 19: There are more than 10.4 million millionaire households and 540 <a href="http://www.cheapism.com/blog/15-billionaires-surprisingly-frugal-habits-4228/">billionaire</a> households in the United States, according to the research firm Spectrem Group, and who doesn't want to join their ranks? But most of the truly rich got that way through capital gains -- selling property and investments -- and by owning businesses. Trying to get rich quick without a stock market killing or genius business idea can make people susceptible to scams, schemes, and downright <a href="http://www.cheapism.com/blog/money-saving-techniques-that-can-backfire-14431/">bad ideas</a>. Here are 18 ways you can go broke trying to get rich.<br><br><strong>Related:</strong><a href="http://www.cheapism.com/blog/consumer-protection-resources-3417/">10 Tools to Help You Become a Smarter Consumer</a>

FOOLS AND THEIR MONEY

There are more than 10.4 million millionaire households and 540 billionaire households in the United States, according to the research firm Spectrem Group, and who doesn't want to join their ranks? But most of the truly rich got that way through capital gains -- selling property and investments -- and by owning businesses. Trying to get rich quick without a stock market killing or genius business idea can make people susceptible to scams, schemes, and downright bad ideas. Here are 18 ways you can go broke trying to get rich.
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