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Home Innovation

3 Common Lies of a Get Rich Quick Scheme (and How to Avoid Them) | Entrepreneur

by Riah Marton
in Innovation
3 Common Lies of a Get Rich Quick Scheme (and How to Avoid Them) | Entrepreneur
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Opinions expressed by Entrepreneur contributors are their own.

If you’ve recently received an email from a Nigerian Prince asking for a small sum of money now to help him out of a financial bind, don’t bother. I have already paid it and should be receiving an expeditious reward in the form of gold bricks. It’s a great feeling.

Thank goodness I didn’t fall for any scams. You’re probably familiar with them; The Ponzi scheme, for example, whereby current investors are paid only by new investors until the jig is up and the new investors dry up. Without naming names, one very famous financial advisor used this ruse and Madoff with millions.



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Tags: AvoidBusiness NewsBusiness ScamsCoaching scamsCommonEntrepreneurLeadershipLiesMisleading AdvertisingoverpromisePonzi schemePremiumPyramid schemesQuickRichscammersScamsScheme
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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