Beware of get rich quick scams and pyramid schemes

The way these get rich quick scams work is by getting you to give them your money. Basically you buy their program and they will teach you how to rip other people off. Its kind of like the add in the paper that says send me 5 dollars and I will send you the secret to making a million dollars. The secret is to put a add in the paper saying send me 5 dollars and I will send you the secret to making a million dollars. Sadly the target market for get rich schemes and pyramid schemes are the poor, the elderly, or people who are already in debt. And if you want to make money on a pyramid scheme you should start one yourself, otherwise you are just making money for other people. These are examples of common schemes:

  1. Buy real estate for pennies on the dollar.
  2. Wealth building seminars.
  3. Risk free stock market schemes.
  4. Muli-level marketing (pyramid scheme).
  5. Secret ways to make money that no one knows about.
  6. Psychic tips or betting tips.

Here are examples of phrases to run from:

  1. Get in at the top.
  2. Send us money and we will help you make money.
  3. Business opportunities “they”  don’t want you to know about.
  4. I made $10,000 dollars in 30 days, you can to.
  5. Make money from home.
  6. Want to make millions working part time?
  7. If I can do it so can you.
  8. You don’t need any education.

Remember the scam protectors golden rule; if it sounds to good to be true then it probably is.

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4 thoughts on “Beware of get rich quick scams and pyramid schemes

  1. I’m glad that you put the real estate thing on the top of the list. I regularly run into people who have taken a class on some real estate related get rich quick with someone else’s money scheme. I wish they’d read your blog first!
    We’re getting ready for another onslaught of this with all the pending foreclosures.
    Nice work here!

  2. 1milliondollarpyramid is not a scam. This Paypal money pyramid has been featured in Oprah and 1mdp is based on a working mathematic system with secure paypal payment. would would scam anyone with paypal button? I played myself, didn’t make much money, but my referral link sometimes bring me some bucks. why would all referral money system would be scam? i just hate people saying bullshits all the time… anyway, if you don’t want to play to such games, just don’t play, and shut your big mouth…

    Sam

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