Sunday, October 25, 2009

6 Traits of the Person Likely to Fall for a Ponzi Scheme

My Retirement Plan Was in Place But Bernie Madoff with My Money!
So what are the 6 traits of the typical person likely to fall for a Ponzi scheme?

The answer may surprise you:

Here's a snapshot of a typical financial fraud victim:

  • Age 55-65.
  • University/College-educated.
  • Higher-than-average income.
  • Risk-taking personality.
  • Recent change in health or finances.
  • More financially literate than average.
Here are some quotes about money from The 777 Best Things Ever Said about Money to keep money in proper perspective:
  • Your wealth can only grow to the extent you do.
    — T. Harv Eker
  • Always leave enough time in your life to do something that makes you happy, satisfied, even joyous. That has more of an effect on economic well-being than any other single factor.
    — Paul Hawken
  • It's better to be out of money than out of new creative ideas on how to make money.
    — Unknown wise person
  • Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
    — Norman Vincent Peale
Check out;

Paper Losses Are Real Losses, Stupid

How to Become a Millionaire

Never Lend Money to a Friend - You Will Likely Lose Both!

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