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Six Signs Your Falling for a Get Rich Quick Scheme

Posted by : Raj | Posted on : Friday, June 17, 2011

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This guest post is contributed by Anthony Benedict. Anthony helps to run and maintain CreditDonkey.com – Which is a credit card comparison website, guiding business owners and personal card holders to the best options for credit cards.

With the current circumstances with the economy there is no surprise that people are trying to make money in every way including scammers. Understand that scammers are present whether the economy is good or bad but schemes tend to be higher due to the current situation of the economy. Work at home jobs might look very persuasive for a person in desperate need of money but don’t let the need of money cloud your judgment in seeing what is in front of you. Learn about 6 telling signs that will be of assistance to you to not becoming the next victim of a get rich quick scheme.

Too Good to Be True- Most people have heard of the saying ‘if it looks too good to be true, it probably is’; in this case this saying is often accurate. If the company is offering a job which pays thousands a day, a week or month to perform a job online than you should take a vigilant look into it before jumping in. Keep in mind that if these types of jobs were possible unemployment rate across the country won’t be so elevated. If it is possible to make this much money than the job duties being described is almost certainly much more complicated.

Too Much Personal Information Needed- This is where your judgment and natural instinct will be critical. When company is asking for things like a birth certificate, business credit cards information, personal banking accounts, social security number and copy of your driver’s license than they are probably trying to steal your identity. Submitting a W9 form is acceptable but anything beyond this you should skeptical. It is always better to be safe than sorry.

Asking For Money- What previous employment have you had where the business ask for you to pay any sort of money upfront? This should stand out as being very suspicious. Any legitimate business hiring almost never ask for any kind of payment. This is the foundation of the pyrmaid scheme, so if yous ee this, just keep your credit cards in your pocket, and don’t think about paying to sign up for a job.

Little To No Information About the ‘Company’- Search engines can be someone’s best friend especially trying to seek out the difference between legitimate work at home jobs and the schemes. The search engine can be to your advantage leverage in this battle so utilize it. A well established and proven business will have information about their business not including ‘their’ website. There are tons of forums based around work at home jobs and usually no rock is left unturned. In this current economy a work at home job that is legitimate will usually be well spoken of especially online and within news media outlets. If you are researching the company and little to no information is coming up than start looking the other way.

Bad Reviews- Another advantage on your side would be review websites. You might have done research online and noticed that the company has been in business for a few years or more but that doesn’t mean you’re in the clear just yet. A company that has been in the business for years; who claims to pay you good money to work at home but has majority of horrible reviews then this is another sign of a scheme. Also check for the business at the Better Business Bureau website.

Flashy Websites- The business website should be very clean and presentable wise. You would steer clear from websites that shows piles of money, fancy cars and big houses. They use these types of images to create a dream image your mind. These images are not needed by legitimate companies since they don’t need to convince or draw people in comparison to businesses quick rich schemes which are based on dreams.

You can prevent yourself from being the next victim by just following the 6 signs above, having common sense and using your natural inner feelings. The main reason some of these scams work is because of desperation. Don’t let the desperation cloud your judgment in recognizing a get rich quick scheme.

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17 Comments

  1. Renee, June 20, 2011:

    I’m happy to say that this is one financial mistake that I did not make :)

  2. Dana, July 13, 2011:

    Yeah, we should be very careful these days since there are so many scammers. Therefore it the deal is “too be good to be true” we should avoid it completely.
    Dana´s last blog ..6 Types of Common Stocks/Shares My ComLuv Profile

  3. Leeroy, July 26, 2011:

    You’re. You are.

    “Six Signs You’re Falling for a Get Rich Quick Scheme”

    Please change it.

  4. Dave, August 12, 2011:

    I agree with Dana. If it sounds too good to be true it probably is. You should be vary wary about any proposition offering unrealistic returns or asking for money upfront.

  5. Kevin Smith Parr, August 30, 2011:

    I disagree with ‘if it looks too good to be true, it probably is’ in todays time, if anything is too good on internet, probably there is a catch!
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  6. mark, September 12, 2011:

    This is an awesome post! So many people fall for this and it is good to get the word out there. I was studying Accounting and finance courses when I was at university and I found that there wasn’t any jobs in my area so I attempted one of these schemes….it didn’t pay off.

  7. Chris, September 18, 2011:

    hello
    I don’t believe in get rich quick; however, I do not want to get rich slow. I think that there is a decent and workable medium as long as one isn’t afraid of putting in some effort and work. Part of what makes folk fall for the schemes is that they are looking for an easy way to riches. Wrong approach in my opinion.
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  8. Jack, October 2, 2011:

    I am a proud CEO, visit ww.shamanhelpservices.webs.com, the site will help you a lot!! Thank me later…

  9. early retirement options, October 9, 2011:

    It is possible to make a good income online, but it is just like any other job that you do offline. Time and effort is required. Working online has the advantage that you can work anytime you like and at anywhere you wished.

  10. Seth, October 17, 2011:

    I don’t believe in get rich quick; however, I do not want to get rich slow. I think that there is a decent and workable medium so long as one isn’t fearful of investing in some effort and work. Section of the thing that makes folk fall for the schemes is they are searching for an easy way to riches. Wrong approach i think.
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  11. Canada Goose, November 24, 2011:

    As someone whose lemming-minded fingers tend to follow each other into numbness, I’m rather intrigued by the now-defunct hand warmer known as the muff.

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    Time and effort is required. Working online has the advantage that you can work anytime you like and at anywhere you wished.
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  13. Jody Nolan, January 4, 2012:

    A lot of the things you assert is supprisingly legitimate and that makes me ponder the reason why I had not looked at this in this light previously. Your piece truly did turn the light on for me as far as this subject matter goes. Nevertheless there is 1 issue I am not necessarily too comfortable with and while I try to reconcile that with the central theme of your position, allow me see what the rest of your visitors have to point out.Nicely done.

  14. up to date, January 5, 2012:

    You make some good points. I guess it depends on your standpoint. – If a man empties his purse into his head, no man can take it away from him. An investment in knowledge always pays the best interest. – Benjamin Franklin 1706 – 1790

  15. sms spy, April 8, 2012:

    For me anything which is too easy usually is. I have spent a few hundred bucks on schemes but at the end nothing beats hard work and determination.

  16. john lee, November 22, 2012:

    this is a very helpful post regarding schemes to get rich.

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