Everything about Get-rich-quick Scheme totally explained
A
Get-rich-quick scheme is a plan to acquire high rates of
return for a small
investment. Most such schemes promise that participants can obtain this high rate of return with little
risk.
Most get-rich-quick schemes also promise that little skill, effort, or time is required. They often assert that
wealth can be obtained by working at home. Legal and quasi-legal get-rich-quick schemes are frequently advertised on
infomercials and in magazines and newspapers. Illegal schemes or
scams are often advertised on the Internet through
spam or
cold calling. Some forms of advertising for these schemes market books or
compact discs about getting rich quick rather than asking participants to invest directly in a concrete scheme.
It is clearly possible to get rich quickly if one is prepared to accept very high levels of risk — this is the premise of the
gambling industry. However, gambling offers the near-certainty of completely losing the original stake over the long term, even if it offers regular wins along the way. Economic theory states that risk-free opportunities for profit are not stable, because that'll quickly be exploited by
arbitrageurs. Nevertheless, many people long for wealth, and find these schemes highly desirable.
Legal get-rich-quick schemes
- Work at home tasks such as stuffing envelopes or assembling trinkets. Essentially cottage work; only small fees are paid per piece, and to make real money vast quantities of work are required. The United States Postal Inspection Service has noted that they've yet to find a "stuffing envelopes" offer that pays as promised. (External Link
)
- Many get-rich-quick schemes offer training courses in areas such as real estate, estate auctions, rare coins, or gemstones. Generally they promise that the trainees, after purchasing educational materials costing several thousands of dollars, will be able to locate cheap or discounted items that can then quickly be resold at great profits.
- Get-rich-quick schemes often sell software programs for betting on horse racing or other forms of gambling, promising that if run properly that'll pick winners. They rarely do and most users lose money. This software normally sells for hundreds or even thousands of dollars.
- Selling "miracle products" over the Internet, by telephone, or to friends and neighbours.
- Many e-books are written about how to get rich quick by selling goods on eBay.
- E-books are also sold that tell you how to get rich - selling other e-books. Sometimes it's the one you bought that you're advised to resell...
Illegal get-rich-quick schemes
When there's no pretense at selling a product, many get-rich-quick schemes qualify as pyramid schemes or matrix schemes, which are illegal in most countries.
Ponzi schemes, which are similar to pyramid schemes and offer exorbitant returns on investment, are illegal in most countries.
Advance fee fraudFurther Information
Get more info on 'Get-rich-quick Scheme'.
|
External Link Exchanges
Do you know how hard it is to get a link from a large encyclopaedia? Well we're different and will prove it. To get a link from us just add the following HTML to your site on a relevant page:
<a href="http://get-rich-quick_scheme.totallyexplained.com">Get-rich-quick scheme Totally Explained</a>
Then simply click through this link from your web page. Our crawlers will verify your link, extract the title of your web page and instantly add a link back to it. If you like you can remove the words Totally Explained and embed the link in article text.
As long as your link remains in place, we'll keep our link to you right here. Please play fair - our crawlers are watching. Your site must be closely related to this one's topic. Any kind of spamming, dubious practises or removing the link will result in your link from us being dropped and, potentially, your whole site being banned. |
