These days the internet is filled with so called "money gurus" showing off their wealth on social media and trying to teach you how to become rich
But one major issue with that is..
WHY would they wanna do that. IF they are rich from forex trading or whatever, why in the world would they wanna spread the word
They are making money on people who buy their "courses" to become rich, not from trading
Please, don't fall for this bs!
You are worth so much more
@stux Tech bros with Mary Kay. MLM
@stux
That racket goes back way before the internet. First it was how to sell or how to get ahead in business. Middle class people weren't allowed into the stock market until the 50s or 60s and didn't really jump in with any volume until the 70s, so that's when the investing books started. Now it's social media.
@stux but of course. When everyone is digging for gold, the best way to get rich is to sell shovels and pickaxes. When everyone is wanting to get rich doing nothing, the best way to get rich is selling them courses on how to get rich doing nothing...
@stux they are all victims of the luxury item rental lobby
@stux Wise words!
They could also benefit from people making uninformed mistakes with trading, so it is best to learn the ins & outs and benefits vs. risks from informative, neutral sources before embarking on such an adventure!
@stux "One simple trick to turn your life around and make money!!!"
Blocked and reported, every time. As cleverer people than I have said before, clickbait is what it is, but why would one ever go there?!
@stux Indeed. Billionaires don't support certain politicians because it will make MORE billionaires. They support them to get laws that will get them MORE $$ and results in LESS entering the club.
@stux including Dave Ramsey. He mixes good ol American prosperity gospel into his grift.
@stux There are smarter, free, ways to get the same job done. This is the smarts they know you need.
@stux for only $99 per month I can explain this
@stux
They're no different from fortune tellers.
@stux I've looked into a few purely out of curiosity, but as soon as I saw how much they charged and what all was involved, I knew instinctively that they were scams.
@stux
If a person really did find some infinite money glitch, would they really tell you their money-making secret?
Something to think about next time you see a self-proclaimed millionaire that wants to "help" you.
@stux "here's my definitely-not-a-rental 4-storey mega mansion, and here's my collection of 10 totally-not-rented supercars, and here's my mega-yacht that I actually just borrowed from a friend solely to film me looking like a billionaire and throwing fake cash off the boa-..."
"OH SH*T"
@stux This reminds me of a story someone posted on how much money they make from a DIY car wash she bought. Seller-financed and only takes her a few hours a week to keep it running and her huge profits. But no mention of setting side money for future repair costs. She might be doing OK but what are profits after the inevitable repair/replacement costs.
And not everyone can find someone selling a profitable business and willing to finance the sale that provides passive income.
@stux yeah I get really strange ads on youtube from middle age badly dressed unhealthy looking ppl in front of a small yacht or house advertising how they got rich and they can teach it and it is so sad.
This shit has been going for over a decade now. Usually they also bandwagon on some trends like bitcoins, NFTs, or some other scams. The other types are the guys predicting the collapse of the economy and offering "courses" how to protect yourself against it or how to make a quick buck.
There's so many scams online that it's actually ridiculous.
Go look at the Victorian-era newspapers, and the small ads they carried.
Even in the 1960's, there were still small ads for "Investment Strategies That Work!".
Different medium, but same game. :D
Yeah, the amount of books written on "how-to-invest" is mind-boggling too.
But, given their massive existence, they must also work. Meaning, there's enough of people falling for that nonsense.
Not to mention that "teaching" a way to get rich distracts from the factors of luck and inheritance.
@stux im reminded by the old, those who can—do, those who can’t—teach a seminar.
After years in marketing I’m always looking for the angle, the paid placement, the ploy & grift. Because it’s everywhere.
@LordofCandy
And as we used to say at teacher training college, those who can't teach, teach teachers.
@stux
@stux a lot of these guys actually just rent the sport car they use in the commercials.
@stux "why would they be selling the secret to becoming a millionaire? Wouldn't they just use it themself?"
"They are, by selling the 'secret to becoming a millionaire', they're becoming a millionaire."
"....what?"
@stux “here I am in my garage with my books and my supercar”
@stux also true of almost any kind of conventional financial advisor / stock-picker / columnist. Like Fox "News", they are entertainment designed to separate people from their money.
@stux I happen to encounter a patronising kind of such gurus. You know, the ones who berate the others for their hobbies.
"I earn CEO-grade salary every day while you waste your life painting figurines."