I have heard so many stories from my
neighbours and friends regarding people offering to help you increase your
investment by telling you they have a new method of riding the financial “trends.”
Truthfully, these financial trends do exist, but the trouble is that most of
these guys just want you to pay them up front and they can scam your money away
from you.
Ponzi schemes begin by motivating you to
invest time and effort and avoid procrastinating to get the lifestyle and earnings
you deserve. Many fall prey to the sweet-talking dealer without considering
that most pyramid schemes have you offer an initial amount that would give you
some returns, but never really the full payment that was promised to you.
People offer these easy get-rich-quick
schemes because many people in the world dream about their life when they get
rich, but there are no avenues to ensure that their investment will get them
somewhere.
For one, getting rich does not involve
talking to a person offering an impossible solution. Second, check with a
financial adviser regarding the probability of such a result being possible in
the plan the salesperson had offered you.
I’ve heard one such story from a
Multi-Level Marketing friend of mine. She said that the marketing managers
focused on getting recruits instead of focusing on the product’s capabilities
and advantages for the consumer. In the end, with just a few people left to
sell to, the company just disappeared with all their income.
This is what a pyramid scam is. This is how
one should be aware that get-rich-quick schemes are nothing opposed to proper
financial education, saving and understanding how interest rates and even loans
can help you get rich.
