ARE MLMs A SCAM?! | INVESTING SCAMS: Ponzi & Pyramid, Examples, How to avoid it, Invest here instead

Description

Do you want FREE Premium Membership from Skillshare? https://skl.sh/MKR209 How can you avoid investment scams as a beginner investor? You have to equip yourself with the knowledge and awareness that allows you to spot these scams. These days, everyone is so eager to make quick cash. But you have to make sure that you don’t get duped into investing your money into get-rich-quick-schemes that are too good to be true. Dealing with personal finances, especially since it’s not taught in school can be quite hard and confusing. I hope this video and this channel will help you out in the challenges we are facing right now with personal finance, entrepreneurship and adulting in general. ►Outline : 0:00 - Intro 0:20 - Start of Video 0:54 - The Landscape Today 1:52 - Common Investment Scams 2:00 - Ponzi Schemes 4:01 - Pyramid Schemes 5:59 - Red Flags 6:08 - Red Flag #1 7:00 - Red Flag #2 7:51 - Red Flag #3 8:09 - Red Flag #4 8:28 - Tips to avoid getting scammed 11:00 - Legit ways to Invest 13:22 - Final Thoughts ►Sources/Links ► SEC Secondary Licenses - http://cmprs.sec.gov.ph/ ► Finra- https://www.finra.org/investors/how-spot-investment-scam-6-steps ► FTC - https://www.consumer.ftc.gov/articles/0065-multi-level-marketing-businesses-and-pyramid-schemes ► SEC INVESTING CHECKLIST - https://www.sec.gov.ph/investors-education-and-information/investment-scam-checklist/ ► SEC DO’ & DONT’S - https://www.sec.gov.ph/investors-education-and-information/investment-101/ ► SEC PRESS RELEASES - https://www.sec.gov.ph/media-briefings/press-release/ ► Previous Videos : TOP APPS THAT HELP YOU SAVE MONEY ► https://youtu.be/rHbdyaQ2aZQ GROW YOUR MONEY : Basics of Investing ► https://youtu.be/nN2tcReDmrM CREDIT CARD 101 : What you need to know ► https://youtu.be/gYtCLmcy65U WHAT’S IN MY WALLET + MY CREDIT CARDS ► https://youtu.be/ZMwlohThsLA MONEY GOALS TO HIT IN YOUR 20s ► https://youtu.be/NGVqbrAam0s ►Download these apps (Referral Links) ► ShopBack - Get P100!: https://app.shopback.com/phl?raf=pkpsnX ► PAYMAYA - G