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Are You in Your 50s? Watch Out for These Common Financial Mistakes for Your Age Group

May 6, 2021 · Personal finance

Falling for Pyramid Schemes and Scams

The people behind pyramid schemes have gotten smarter over the years. They know how to market themselves and how to attract people. Falling or them is one of the big reasons people fall into debt, especially if they’re already in a tough spot, financially, and are hopeful that this new ‘business opportunity’ could help take them out of it.

So, even if these opportunities sound amazing, make sure to check online first. You’d be surprised by the amount of information people that have fallen for these tricks are willing to share.

Not only that, but consider other scams too. A door-to-door consultant might convince you to donate to a worthy cause, pulling on your heartstrings. But should you? Think twice about where you put your money, time, and why.

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