About Get Rich Quick Promoters

I write today on those apparently hugely successful individuals who make a lot of money in "sure" things that pay abnormally high rates of return, and you would swear they have a lock. You may of seen these types (hint: they usually hang out in HYIP forums and running their schemes on the bottom as signatures). They pitch their money making opportunities, and show how much you they make. Charles Ponzi was a prime example of that type of person. I am not going to speak on their opportunities, per se, but how they operate.

Want to know how these individuals get a lot of money? They know how to sell and market. They build huge lists, and collect referal commissions off people who sign up. Often times they will take all or some of the money out of their opportunities, and walk off with a HUGE profit in the process. In their case, unlike the other people, it doesn't matter if the opportunity crashes or not, they made their money.

Such individuals are very seductive. You can swear they have the Midas touch, and you can't go wrong. Well, guess what, they don't get rich with their own money. They will get rich off other people's money. They will often test an opportunity enough to see that it is persuasive, and their primary concern is that it sells well, rather than it is solid investment.

The Get Rich Quick Promoter is a prime example why you don't blindly look at earning statements or what they are doing and believe that they tell you things that are a lock for yourself. People can make money in these get rich quick schemes early. It is the long-term that counts. And, I do NOT mean that the person you are dealing with has been doing it a long time, just his opportunities are sustainable long term. Ponzi riders who jump from Ponzi HYIP to Ponzi HYIP are prime examples of this also. These promoters feel NO remorse that you lost money following their advice either. They believe it was your fault that you listened and trusted them to begin with.

I will add one more comment in closing here regarding actual investment opportunities. Some do have a limited time window to them, and do require time to act. Some investment opportunities do have a limited shelf life.