How to Smell a Scam a Mile Away

Protect yourself from a scam. You may earn money but then lose it to a financial fraud.

Lets learn from the six signs of a scam...

1. Insane Interest Rates.
Offering four percent to five percent interest a month. Some double your money in 18 months. That's a growth of 60 percent a year.

2.Guaranteed High Interest Rates Every Year.
Banks offers a guaranteed interest of one percent or below a year for savings account. Three to five percent a year for your time deposit.
But a red flag comes when a bank offers a promising 20 percent a year to its depositor or investor.

3. You can't Understand How They Earn Money.
None of the companies offering such interest rates like that of the above could explain how they could earn such high returns. They will try to explain their investment strategies in difficult language for the purpose of confusing you.

4. It's Just Too Good to be True.
Emails telling you that you've chosen to be the recipient of a huge inheritance money from British and the like. Some are text message saying, "Congratulations! You've just won 1,000,000 pesos in the lotto soon and so forth. But eventually they will be asking you amount of money to expedite the transfer of the funds to Western Union. It's too good to be true.

5. They Seem to be Good and Credible People.
They could be very nice and kind people. But they could just be as ignorant as you are about the business. Some may just be good pretenders.

6. Your Financial Advisor and Financial Manager Are the Same Person.
Am blessed to be a member of the TrulyRichClub. Because the TrulyRichClub is my mentor and I personally take hold of my investment not the TrulyRichClub. I directly invest in the stock market or through a trusted broker or fund manager.

Before turning over your money, make the necessary due diligence. Know their financial statements, research the industry, ask mentors to help you.

You can invest in two things:
First, invest in personal business, where you take full control of the money.
Second, invest in the stock market. Buy stocks from gigantic companies. Even if your not in control of your money but at least the business legends and tycoons are in control. You became a partner with the business titans once you invest in the best companies.

Keep on investing.
Avoid scams.

Your friend,

Jesse Cadelina
Member-TrulyRichClub

P.S. Be part of us. Be a member of the TrulyRichClub and you will surely be blessed abundantly.
P.P.S Article source: TrulyRichClub-WealthStrategies

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