More words of wisdom from Clive at 7 year wealth plan

How many people do we know who have lost money because of certain get-rich-quick schemes? We have heard recently in the news how a number of very wealthy business men and women have lost millions in Ponzi schemes and we ask how can this happen? How do educated and experienced business men and women get caught up in scams, Pyramid and Ponzi schemes?
One way that you can tell if you are potentially being targeted by scamsters is to check your own emotions. The emotions of fear and greed are great internal sensors that should set the alarm bells ringing.
When I am presented with an investment opportunity, I check to see if I am experiencing strong feelings of greed or fear. Am I being pressured into a decision because of the fear of losing out on the expiring opportunity? Or is the presenter appealing to my sense of greed. In both cases I should exercise caution. Ask people whom you trust and get a second or third opinion. The old adage stands – If it is too good to be true, then it probably is.