Top 20 Swindles Promised to Make You WEALTHY – Steer Clear!
Ever dreamt of becoming your own boss and rolling in dough? Well, guess what? Millennials are all over that notion! But beware, tumbleweeds of scams are blowing in the wind, promising you a 'get rich quick' scheme that's more like a desert mirage. Save yourselves from these toxic pitfalls:
- Pyramid schemes: Investing in recruiting new members to the business. Eventually, there'll be too many to keep it afloat.
- Seminars or webinars: They promise the secret to instant riches, but in reality, they just pocket your ticket money.
- Partnering up: Sounds legit, right? But watch out for hidden responsibilities for the business's shady past and illegal actions.
- Envelope stuffing: Think you can earn a fortune for a simple task? Think again! You'll need thousands of envelopes, and it won't even cover the initial fee.
- Writing reviews: Claiming payment for movie, restaurant, or book reviews? You'll need to earn a massive sum to withdraw the money, and then, there's a catch – you gotta recruit newbies just like in a pyramid scheme!
- Clicking on ads: Annoying ads may seem profitable, but they'll only bring pennies, and you might even get fined for clicking on your own website.
- Secret shopping: Be leery of websites asking for money for a list of shops to work in. Chances are, it's a scam.
- Furniture or jewelry assembly: The buck doesn't stop with assembly – the materials usually cost more than the finished product.
- Online writing jobs: Be careful if the employer asks for personal info like your social security number. It's probably a scam.
- Ponzi schemes: An old trick, but still used to fool unsuspecting investors. Proceed with caution, especially if you haven't met the boss in person.
- Forum investment tips: Watch out for financial advice from dubious sources – it's likely fabricated by scammers.
- Abandoned house flipping: It's a risky business. Make sure the real estate market is favorable for reselling, and be prepared to put in some serious elbow grease.
- Inside information investing: Investing without knowing the source could land you in hot water – it might even be illegal.
- Wearing magic power bracelets: They don't work as advertised, and you'll be pressured to sell them to friends and family for meager profit.
- Flipping cars: Not much different from flipping houses. The chances of striking it rich are on par with buying a lottery ticket.
- Health and wellness products: Companies might lure you in with promises of wealth through selling their supplements and vitamins. But let's be honest – they just want your money.
- Lawsuit winnings: Suing big companies for damages can be a risky move, and if you lose, you'll need to foot the lawyer bill.
- Instagram account reselling: Sneaky move, but it's against Instagram's rules, and your account might get banned post-purchase.
- Buying followers: Most followers are fake, and they won't bring in any profit.
- Cleansing your karma: You'll hear about this nonsense from folks claiming they have superpowers. Chances are, you'll need to pay for multiple sessions and still come up short.
Remember, folks, building wealth is about hard work, making smart decisions, and avoiding impulsive or risky schemes. Use caution, stay informed, and get real about your financial goals. Don'
Author: Ann Mosley
Ann Mosley is a representative for a business loan online service. She's a firm believer that educating yourself is key to building solid financial foundations.
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