Tuesday, March 31, 2009

An Instant Noodle Society

We are living in tough times but history has shown that it is during times like these that new businesses get started and succeed.

So as you start to look for business ideas beware of the scam artists and those that would just have you buy information on how to get rich. There are people who know they can prey on the unsuspecting people who have just been laid off and are looking for something new.

In this post and in upcoming ones as well I am going to give you a few clues on what to look for when you make a decision on whether what you are looking at is Too Good To Be True or Too Good To Pass Up.

1- There is no such thing as a Free Ride. If no investment is required – RUN! An opportunity without an investment is called A Job.

2- It is possible to find something that requires very little work and still make money. The cost is usually high for such opportunities. If it requires No Work at all, that is called An Investment. My rule of thumb is that either you use your money to make money or you use your efforts to make money. By being in business you can also leverage other people’s efforts (and expertise) to make money and you can leverage other people’s money to make money. That is why I like business so much.

3- The biggest of these 3 points is this one. If someone tells you they can make you rich in 3 months or some ridiculous time frame – RUN! Especially if the investment is low and the amount of work required is low. The bigger and the more dramatic the story, the more people fall for it.

We live in an Instant Noodle society where most people want to make money now, without working for it and they are willing to pay for it. Knowing this about the current human psychology, con artists gain your confidence with elaborate setups revolving around that theme of do nothing, invest with them and they will make you rich.

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