THIS Is Why People Fall For Get-Rich-Quick Schemes 

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Most dangerous words an investor can say: “It’s different this time!”

I love how they accurately describe MLM culture. FOMO, get rich quick with part time work, and not telling people outright what company they work for. People are flocking to them right now as they think the grass is greener on the other side. Heads up it’s filled with debt, false promises and astroturf. Huns give off a certain vibe to attract others. These companies need to be broken and restructured.

Wealth building is about timing patience and knowledge.

I think that yes, it's a maturity thing and a fear of missing out/loss of bargain thing. We were very briefly involved in Avon some years ago and were not in the position to lose the money we lost, even on our first order! That's all it took for us to learn our lesson and looking back, we were blessed to learn that early on in the process. At the time, we were very vulnerable financially and physically, were separated from our families and our "Co-ordinator" definitely took advantage of that. I pray for her, who know what kind of trouble she was in to defraud young adults. It matured us and taught us a lesson the hard way xx

You could talk to my parents too. They've been married 71 years and just moved from their house into a duplex. A nurse asked my Dad what his secret was, and he said, "A lot of 'yes, dears'. " 🙂

It is all about FOMO = Fear of missing out

John is my favourite Dave Ramsey host. Super concise and calm and always gives great advice.

Long-Term Wealth & Stability requires Long-Term action, habits, & consistency. Conversely, Short-Term inputs & schemes will most likely lead to Long-Term problems & turmoil.

I think for a lot of people it's desperation. Many people are looking to get out of the situation they're in and the faster the better. Instead of being financially educated and knowing HOW people make a lot of money (multiple income streams, paying others to do a job rather than trying to earn all the money through a job and then investing what you have long-term rather than gambling), people are ignorant of financial things so they grasp on to the first thing they see ("Well this guy MUST know more than me!").

Ecclesiastes 1:9 What has been will be again, what has been done will be done again; there is nothing new under the sun.

Get rich quick is filled with scammers

I think it’s also about insecurity… more and more people look on Instagram and other social media and see these glamorous life style and we then feel that what we are doing is wrong and will never be good enough.

No different than developing a six pack of abs, you have to eat correctly and workout persistently. People want the magic 💊 . Hard work, sacrifice and dedication is NOT sexy.

I can't say this will speak for everyone, but what has kept me skeptical of these schemes is being more enamored with the process of wealth building than the results. People who I see buying lottery tickets, joining MLMs, and FOMOing into cryptocurrency or NFTs seem to be only interested in the latter.

They saying if you used the old inflation reading data in the 1980s it would be 15%

VERSE OF THE DAY: The temptations in your life are no different from what others experience. And God is faithful. He will not allow the temptation to be more than you can stand. When you are tempted, he will show you a way out so that you can endure. ~1 Corinthians 10:13

I felt this and they're right because I use to think I was the exception to everything.

Have y’all seen the inflation ! It’s crazy…houses n cars are soaring in prices. Keep calm n no FOMO!!!! We are missing out on nothing by waiting.

Remember the basic principle with get rich quick schemes. Someone else is getting rich from someone else’s naïveté.

What John said is one of the reasons military is so agressive to sign on 18 year olds.

Proverbs 21:5 The plans of the diligent lead surely to abundance, but everyone who is hasty comes to poverty.

If inflation was measured the same way as it was in the late 70s/early 80s then yes it is above 15%. Read how they use “substitution rates” where they take a product and substitute it for the lowest end product and use that increase. They basically substitute the rate increase of prime beef for spam.

An upbringing in a fundamentalist religion is also a risk factor. Training folks from a young age to trust everything they read in a certain book or hear spoken from a certain place as the honest truth is excellent conditioning for those same folks to become victims of a seemingly pious conman later in life. To be sure, so-called "affinity fraud" schemes can occur in almost any type of group, but those who are less likely to question the motives of authority figures and in-group members make for easier targets.

The new one is real estate. Everyone buying real estate.

This won't age well

I have to say having the mindset of getting rich quick and taking high risk high reward investments when your young isn’t a bad thing. It’s when you get responsibility’s that you need to think more cautious.

I’m reaching here and I am not a parent yet but I think that it has a lot to do with how people are raised.

Can someone define what does QUICK mean? Is it one month, one year or three years... ????

You only live so long so if it takes till your 90 to make a million dollars there is no point.

Easy Money..........no such thing unless you are a politician or criminal.

I totally understand slow wins the race. But taking a risk that you can afford while being young and earning money is fun.

People fall for them because the people who come up with them get rich quick.

The alternative to a get rich quick scheme is 60 years of hard labor and low pay. Who wants that? Anything quicker that avoids that is better right? What is bad about wanting better?

No journalism has not lost its credibility.

I love Dave Ramsey’s teachings! He’s helped me the past couple of years. However, Dave and his team’s thoughts on cryptocurrency is inaccurate. Do your due diligence… study and research 🧐

Great conversation!

Any one get distracted with the hand tapping at the beginning. My inner OSD was a little triggered. Love the content 👍

The invincible concept kills all the time

Tax returns is around the corner, already getting spam calls and emails

i mean, who has time to get rich slow? there are lambos to drive and honeys to _______, and we're not getting any younger!

John looks like Dustin Poirier

Proverbs 28:20. Amen, Dave.

Some very good and sound advice here.

Watch Dragnet series " pyramid scheme"

And if we still calculated inflation the way we calculated it during Carter it’d actually be about 15% today but I guess we have to go with the governments new math. If they admit it’s 7% it’s at least double that.

Dave Ramsey is true information

I think everyone is lazy and wants to somehow get rich

Research Pendulums and Egregores. All your answers can be found by having a deeper understanding of those two interrelated terms and how they can effect you and those around you in everyday life.

Religious people tend to be the easiest to grift.

It is 15% Dave they changed and Manipulated the CPI numbers to show it’s not as bad as what it actually is.

What will dave ramsey say about FBA amazon or drop shipping??

A sucker is born every day. Thats a 100 year old statement.

I think the problem is the younger generation probably looks at Dave Ramsey and says well yeah I can be a millionaire if I follow Dave Ramsey’s baby steps but it’s gonna take me 20 or 30 years to do it and who wants to wait 20 or 30 years to be a millionaire when there’s people every day they can be a millionaire in a couple years now whether or not they keep it or lose it it’s up to the individual but even I believe you could probably octane millionaire status and a lot less time than 20 or 30 years

Can you afford more subtle audio capture devices?

They fall for schemes by following their steps.

"The internet is trying to make money off of you" says the RU-vid internet channel who wants to make money off of you... Big fan, just saying.

as john continues to play a childs game on his hand.

People are looking some thang to fall out of the sky for (free).

I feel like it was more so our parents, who believed everything on the internet, instead of millennials.. But good idea. Lo

Yes, is emotional immaturity and FOMO. Think about it, you won't feel as good if your diversified portfolio is not behaving the same way as the crypto currency your friend just bought. You will feel the pressure to not miss out on that opportunity to get rich quick!

Fear and Greed Index is 24 today!

The love of money

It’s the end of the world and you know it

With all the respect I disagree with you about what I hope the world’s future currency will be

What does Dave think about the FIRE movement?

Youth maximalism

Hey Dave! Is joining an MLM a good idea?

He does realize that he is apart of large media right? Which means nothing he says is true either.

What is John doing with his fingers? Taping with the pen.

Get rich sick

If your friends jumped off a bridge, would you also?

I’m getting financial tips from Dustin Poirier.

I'm going to get $20 M from that guy in Nigeria.

you wont lose money if you are not stupid - buy dips and hold

😎👍✌🖖👌🤓

Bro, you're on the internet. If it's trash and has no credibility, just get a time slot on Fox News.

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