10 March 2017

Easy Money?

It have been three years since I discussed about money. So as a comeback, I will be discussing how to identify the right investment from a sham. We all want to be rich. But before we become rich, we have to earn money. We find investments that can cater our needs for financial security. We look for something with high returns but much better if the returns are faster. That's where the problem starts.

The fact that we are all striving to earn money fast is one of the reasons why a lot of scams are present. In the internet alone, you will find millions of investments that could give you money fast. Offers that are mind boggling that could send electricity all throughout your body, making you tingle with excitement.

 That sounds weird.

Anyway, some of these offers have no pint of any truth in it. Instead of you earning money fast, you instead lose money fast. And as excited as we are, once all is let out in the open, we find an ugly truth and we are left crying on the floor. You can do walling too if you like. But, the question now here is: How can we learn if a certain program is a scam or a genuine one. Here are some tips:

1. Check the Content. Check thoroughly how the program works. Most scams ask for low investments with very big returns. One example is you just have to invest 5k to 10k  but you will get a  return of 30k. All you have to do is invest and invite 2 people, easy! Sounds very tempting, right? They know and that's why they gave you this offer. But it won't stop there, They will open an option for you to increase your investment. And of course, the higher the investment the higher the return. Yes, they may give out pay-outs in the beginning but it won't be long. Just look at at the Aman Future's Group. Most people who entered the company used their own profits to reinvest. Their investments reached up to hundreds of thousands and then poof. It became coco crunch! The company disappeared.  The money? It's gone. And the investors never even got a thank you.

2. Go for Long-Term. All investments come with terms. Some last for 30 days and some reach up to a couple of years. The longer the investment, the more secure you are. The interest are also bigger when it's long term. Just take for example a loan. When a bank grants you a loan, there will be a term limit for you to pay the loan. The longer term you take, the higher the interest. That is an example of investment. The bank invested in you to get a return. Now, if the returns are both big and fast, then you have the right to start doubting. Most of the time, they're scam.

3. Read the Terms and Conditions. Before you make any investment, make sure that you fully understand what you're getting into. Read carefully about the terms and conditions. "What? Who reads a very lengthy Terms and Conditions? I will just sign it." Eeeengk!!! That's where trouble starts. Only the good points of the investment will be thoroughly discussed by the Sales team. The disclaimer may not be discussed or if ever they do, only just a read-through on it. So make sure to read it yourself. A few minutes of reading will save you from frustrations in the future. Smart people read the terms and conditions.

4. Ask Around. If you think that an investment sounds promising. Do some research about it. Look for feed backs. Read some comments. Go through their pages and hear what the people are saying about them. I would even recommend you ask an independent financial analyst about it. He may have some more info than you do. Financial analysts can also provide you other options. Who knows, some offers might be even better.

 5. Trust your Gut-Feeling. Think carefully before entering any investment. Check the pros and cons. Make sure that your investment is within your risk capacity. If they're too risky for you, then don't. If it's too good to be true, then don't. Be smart and trust yourself. 

These are only few tips on how you can prevent being taking advantage upon. A good investment needs to have the right price, right effort and right risks. If it's too easy, too promising or too good to be true, most  of the time it is.  If it's too easy to get, then it will also be too easy to lose. Remember that. Value your money.

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