No matter if you’re dirt broke, rolling in money or just doing okay. This bit of wisdom is something that’s always stuck me – and it comes top of mind anytime I see news stories about financial ruin.
The wisdom is this. If something seems too good to be true, it probably is.
This is the typical punch line to every scam story. The retiree who was sold a dream that cost them their life’s savings, and now has to go back to work. The business savvy investor who took a bad bet on a ponzi scheme, and is now out millions of dollars. The army vet trying to find herself, who devotes years of her life to a multi-level marketing scheme that pressures her into taking on tons of debt – with nothing to show for it. And all these people were promised that their investments were either secure or bound to reap the rewards….if they only keep pushing.
You might even consider the people who unwittingly wire thousands to bad actors on the internet, simply because they’re in love. Even the human experience of finding love can be rife with scam potential.
Which brings us back to the wisdom above.
Continue reading “Maybe the most important financial advice ever?”
Simple Tips for a Rich Life 