You may have heard your parents say that there's no substitute for hard work, but hard work isn't exactly making you rich. You still have debts to settle, bills to pay, and you're not making enough to afford things you want for yourself. Yet street corners, leaflets, magazine articles, and TV advertisements tell you that they have the secret to infinite wealth and prosperity. The catch is you have to “invest” in a “business” or a “joint venture.” Don't be fooled: you're well on your way to falling into a scam.
Scammers and con artists are everywhere, preying on the wants and the needs of people for financial security or their desire for wealth. Over the years, many scammers have developed many ways to dupe people out of their hard-earned money. While some people would offer an “unpaid and voluntary” testimonial that the system works, people actually become poorer as a result. You don't have to be a victim of get-rich-quick scams before you learn your lesson. All you need is a proper perspective on financial security, and some ways to get rid of those con artists for good.
Economics and business may seem complicated, but they're actually very simple. Here are four things you need to remember:
Here are some common scams on the market today:
Even the most hard-line of MLM recruits know deep in their hearts that the scheme is a scam. Many get-rich-quick schemes are obvious con acts, but many people fall victim to the lure of easy money. Think about it: why would you buy bath soap for twice the price you would get for one at the supermarket? If everyone recruited their friends and family members into one organization, then is it possible for everyone to earn “unlimited income?”
Be very wary when you hear these words in sales pitches for scams:
Some scammers, particularly MLM affiliates, will tell you that they're completely legal, and will show you all sorts of papers and documentation to prove it. Some will also say that if they were a scam, distributors and manufacturers of major products would not do business with him. Don't be fooled; legal papers, checks, and other documentation can be forged. Established con schemes may also brag about their funds to keep Federal and private lawyers from bringing down the “business” or the “partnership.”
Like any business venture, it pays to see if the company is stable, is registered with the right government agencies, and has a solid reputation. If you're absolutely sure that the company is legitimate and stable, then it may be OK to invest in it.
Don't be afraid or shy to ask challenging questions. If the company really claims to be a multi-million dollar earner, then its most loyal “business partners” should know a thing or two about basic business concepts like market saturation, distribution channels, market share, market penetration, and supply and demand. Never settle for personal testimonies, parables, or motivational drivel.
Scammers will beat around the bush and say that this kind of thinking is for “losers,” and that you should sell your car to make an investment in the “business.” If they force you to make tough decisions, then you have the right to ask the tough questions. Legitimate businesses that don't con and dupe other people will be more than willing to accommodate and take up your challenging questions. Scammers will beat around the bush, or would give a very vague answer to a simple question.
Promises of wealth can blind people into thinking that money does grow on trees. Once you fall into the trap of a get-rich-quick scam, you can't get out of it easily. Hard work and honest labor can make you rich, but it will take time, patience, dignity, and diligence.
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