beware of get rich quick investment promises!

Many people are drawn to the idea of getting rich quick but be mindful that if it sounds too good to be true chances are it probably is.

It takes time and effort to build true financial wealth.

Here Are Some Tips For Avoiding Get Rich Quick Schemes:

• If someone promises you wealth within a short period of time, ask them the tough questions on how they plan to do this. If it isn’t based on fundamentals and seems too complex to understand avoid it.

• Never send a stranger money through money transfer services in hopes of a high return on investment, once it’s sent you may never get that money back from them

• Beware of anyone using words such as guaranteed return or low or no risk at all with a high return.

• Scammers can be very convincing so always do your own research into any firm you are considering investing with, to make sure that they are the real deal.

• If you are asked for a sizable initial payment or investment up front, consider it a red flag

• Don’t hand over your hard earned cash to a stranger without fully understanding how they will generate the lucrative return they so promise.

Share with us your story if you’ve been a victim of a get rich quick scam or tag a friend who could use these tips!