I would estimate that most of us would rather get rich yesterday as opposed to working for many years to get there. However, while getting rich super fast does happen for some, like the YouTube entrepreneurs, there is no tried and true method of doing so.

Most self-made millionaires get there by making savvy investments that take several years to pay off or by climbing up the corporate ladder. There aren’t any major downsides to getting rich slowly except the obvious perseverance and patience that are required when you realize you’re on your way to having more money than you know what to do with but are not there yet.

Trying to get rich quickly can have several drawbacks that may make it less appealing for some.

The Risk Factor – Making lots of money quickly, such as through investments, requires willingness to take many big risks. Although some have succeeded, many people have gone through tumultuous experiences that left them worse off financially than their original position. Whether it’s real-estate or stocks, you need to realize this from day 1 and really consider if it’s worth it to you. I believe most people would say no.

The Relationship Factor – Working many hours on getting rich fast is likely to have a negative effect on relationships, often causing irreprable damage. This is true for people’s personal lives, resulting in divorce or in business relationships with workplace friction and a possible separation.

The Stress Factor – Working many hours in an office environment, without consistent exercise routine, bad eating habits, and the constant pressure by management to meet financial targets is likely to negatively impact one’s health.

Of course these reasons do not mean that people should avoid getting ahead at work, increase their income, or develop new income streams. While working on increasing your net worth, know your limits and strive to live without making major comprises to your health, relationships, and risk tolerance.