Honestly, Why Are Scammers Targeting You?

NEW YORK - JANUARY 14:  Accused financier Bern...
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11/24/2009 – I just saw a story on TV where an older woman was scammed out of $3000.00 by two women who claimed to be illegal immigrants with a winning lottery ticket that they could not cash. She bought the ticket from them thinking that it was worth $50,000.00!!!! Of course it was  a useless ticket and she got what she paid for – nothing for something. This being the season for scammers and get rich quick schemes I thought that I should repost this article as a reminder that you really can’t cheat an hones man, but….

If I had a dime for every person who has told me “I’ve been scammed before”, I could retire to my New York penthouse.  But you know if you have been scammed, you do realize that you have no one to blame but yourself?

I hope that didn’t come as a shock and surprise, you see you can only be scammed if you are open to being scammed, meaning you’re looking for easy money or a way to “get rich” overnight with little or no effort.

You can’t cheat an honest man, it just can’t be done. But you can find the man who wants something for nothing, and give him nothing for something. – Michael “Mickey” Foster

Mickey Foster is a con artist, his job is to find people who want something for nothing and give it to them.  Like you, I have lost a ton of money in various “schemes”, for example I invested 10K  hoping to get a 25% return. It was 2007 and before i could say “money for nothing” my investment had vanished into a home that could not be sold because the market had tanked.   I wanted something for nothing and I got just that – nothing.

You’ve heard about the Nigerian scam, my Dad was forced to leave the country, there are millions in the bank and we can’t get it out, Mum is dying and we need the money to get her out of the country, my brother was run over by a lorry and lost his leg…the long and short of it – you give me a small amount of money and when we get our money we will give you 50K. This scam is as old as the hills and people still fall for it, why?

Probably because, it’s got a sympathy and empathy factor so that you don’t feel guilty for getting such a large payout for your small investment and you get to feel that you are doing a good thing. You may think that you’re an honest person, but honest people know that good things come to those who work hard for them. An honest man would delete the first  email after reading it and send all follow ups to his spam folder to be deleted later.

Of course a scam can be much more subtle “i can show you how to make money in your sleep”, “I made $6,326 in one day and I can show you how”, “attract endless leads with this system” and on and on. Here’s a clue:

  1. Only lottery winners make millions overnight, so if you haven’t won the lottery
  2. To make money while you sleep requires a lot of work on your part
  3. If you paid hundreds or thousands for a sure fire business opportunity.
  4. If you are having trouble finishing what you start  (jobs, businesses, relationships)
  5. Then you just may be an opportunist, that guy or gal who is looking for lots of return with little or no investment of time, energy, emotion, or dollars.

Don’t get me wrong , you get into the right business and put some muscle in it, you will make money in your sleep. But you have to be consistent and persistent, you have to be willing to do what it takes, you have to read some books and learn some things, attend a seminar or two or three, hop on some of those guru calls, manage your time well and learn how to be productive, and you can’t give up if you aren’t rich in six months , because then you’re just proving that you’re an opportunist, right?

And who the heck is Mickey Foster you ask? Well he’s just my favorite character on a Brit show called “Hustle“. It comes on AMC, I watch it On Demand so i have no idea when it airs, great show though.

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The Benefits of Working with a Real Estate Mentor Before Investing

home_image_altWorking with a real estate mentor can benefit you in many ways. For starters, you will get a clear picture of where you are now in your real estate business, as well as where you want to go and why. You will also get a clear idea of what you need to do in order to make it happen. A mentor can help you understand the basics of real estate investing strategy and develop the approach to real estate investing that suits you best and will generate the most profit for you. The key to real estate investing is to understand what areas to invest in. For example, if you want to make money on rental properties, you need to know what features to look for. Many beginning real estate investors fail because they don’t understand the basics. Mentoring can solve that.

One of the things a real estate mentor can do is help you figure out exactly what you need to understand, what skills you need to acquire, and how to apply what you learn from your real estate mentor. All of this will help you develop self-confidence and self-trust and thereby enable you to do whatever is necessary in order for you to succeed. After working with a mentor, you will have more control over the speed and direction of your growth, your business will be stronger, and you will be stronger. It is a great way to take your business to the next level. .

A good real estate mentor not only gives you advice on what to do, they can give you advice on how to manage your time effectively in order to get it all done. If you manage your time properly, you can achieve more than you ever thought you could. Your mentor can also help you create a business plan, projecting anywhere from one to five or more years into the future, so that you can plan for success. .

A mentor can guide your business practice in subtle and not so subtle ways. If you have a good mentor, they will give you realistic suggestions to help you, not suggestions that are unfeasible given your situation. The suggestions must be within your means to actually carry out. The suggestions they give must also have an impact on your bottom line within a reasonable amount of time. These suggestions must also be within the range of your technical expertise to actually carry out. If these criteria are not met, perhaps your real estate mentor gives basically the same advice to everyone without considering their unique situation. .

Chances are, you could learn the ropes of real estate investment yourself, without a real estate mentor. However, a real estate mentor can help you avoid the kind of mistakes that will needlessly cost you both time and money on your way to success. It is far less painful to learn from other people’s mistakes, where possible, than to learn by making your own mistakes.

Peter Vekselman has been successfully investing in real estate since 1996. He has completed over 1000 real estate deals, owned a construction company, been a private lender, and owned a property management company. Peter currently works with clients all over the US .

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Your Boss Is Not Your Daddy!

I read the stats about how many jobs the economy has “shed” over the past 10 months; the candidates for office this year Barack and McCain even make it a point to highlight the number of jobs lost when they’re out stumping for votes.

When my company was bought by a large oil company several years ago, they told us that if we worked hard and survived the inevitable layoffs we would “ride the gravy train” . I hung in there for almost a year, worked really hard and thought I had “survived”. One day I was told that I was a very valuable person, you see, and they were letting me go so that I could provide that same “value” to persons unknown who really needed it more than they did.

I lived off my (skimpy, taxed to kingdom come) severance package while I searched for these “persons unknown” , who one would assume were also searching for me, but we kept missing each other! Realizing that I had to eat and pay the mortgage, I settled on a home-based business to bring in a few dollars per month and set out to find others who were in my shoes past or present, and wanted a Plan B that would provide an income for them if their employer were to send them off to give value to someone else.

Well, imagine my surprise when folks hung up on me, or told me they were looking for a JOB from home and couldn’t see their way clear to pay to work, or they couldn’t afford it, or that they didn’t have time for this right now. Excuse me?

I think what I am hearing is “I do not have 2 to 5 years to work towards earning a 6-figure income on my own, but I trust the system to provide a job for me that will allow me to retire to a greeter position at Walmart in 20 to 40 years”

Was I missing something there? Then it hit me, I was once just like these guys, I too believed that the road to financial freedom ran right through corporate America, a savings account, a 401K and a pension at 65 – and that all those make money from home things that people called me about were scams. I too was once afraid of financial freedom. If only I could go back, I would not have hung up on quite as many network marketers!

Your boss is not your Daddy and your company has made no provisions for your future. Read that again please “Your boss is not your Daddy” and unless you actually do work for your father, your job can

* End up in Mexico, India, China or anywhere but where you are
* Be eliminated due to budget cuts or a takeover (like mine was)
* Disappear overnight for any of a multitude of reasons

So what is your Plan B?

Look I’m not saying quit your job and join me on some Man of LaMancha quest, where we fight windmills and other imaginary foes.

I’m just saying that you could get yourself a viable Plan B with a legitimate company (and increase your tax refund while you’re at it) while Plan A is still working for you.

I’m saying that a small investment could help you to quit your job in 6 months to 2 years ; or maybe it could help you to quit your job and then help you to bring your spouse home too ; or maybe, it will just keep you from having to work nights at the Walmart.

And if you don’t currently have a Plan A (meaning, you are already unemployed), then you already know exactly what I’m trying to say here. You’ve been down that road, you know exactly where it ends, and that is not where you want to be.

So go look in the mirror and ask yourself “Am I afraid of Financial Freedom?” And If the answer is “No”, well then don’t hang up the next time someone calls you about a business opportunity.