3 Get-Rich-Quick Schemes You Should Avoid Like The Plague

by Banks

Get Rich Schemes

Maybe you’ve been approached by, or already been burned by, one of these promising sounding schemes. It’s hard to get ahead in a slow economy, and some people can’t find jobs at all. When one of these slimy schemes is presented to you, it is tempting to fall for the chance at making great financial returns. Which “opportunities” are these get-rich-quick schemes? Know that most of them are illegal, a waste of your time and money, and are outright scams.

Pyramid Schemes

These types of schemes can be hard to spot because they look and feel similar to legitimate multi-level marketing opportunities. In a pyramid scheme the only way you make money is by recruiting other people into the enterprise. As an example, the process starts by asking you to invest $1000 into the business, and are told you will make the investment back and more once you recruit five or more people into the program. Those five people then recruit five more people and you supposedly pull a percentage of everything below you. This scheme type fails because in order to make money you would have to eventually recruit more people than is even possible. Plus this type of scheme is illegal.

Be weary of any opportunity that focuses on recruiting rather than actual product sales, or one that promises you will make a lot of money over a short period of time. Be aware of the red flags. Most opportunities take team to begin generating money and the focus should be on selling an actual product or service.

Something For Nothing Schemes

Make $700 per day simply by filling out surveys, surfing the web, or stuffing envelopes. Sound too good to be true? It likely is. There are tons of scams out there that promise great money for doing little or no work. Do not fall for these. The only person that makes money is the scammer who gets you to buy the instructions. If it sounds too good to be true it probably is.

Shipping Property Schemes

Be wary of any opportunity that promises lucrative payment in exchange for holding or shipping goods for strangers. Thieves often use innocent people to move stolen property. Being involved in this type of scheme could also land you in jail as an accessory to a crime. These type of scams will also often make “payment” using fraudulent money orders which doubles the troubles for you.

It all comes down to the realization that there is no such thing as getting rich quickly. These schemers prey on the gullible. Financial gain comes from hard work. Be wary of any scheme that promises great money for little or no effort, especially if all you have to do is pay for the opportunity.

Source: Wealth Soup