Great questions. If it sounds too good to be true, BEWARE.
As I said (quickly) Great Questions.
We all fall for "get rich scams". That is why they are successful.
Hopefully we learn by our mistakes.
Your question about red flags. It is like playing 3 card Monti. Again, Be careful.
If it more serious and involves your Social Security Number, RUN away
If it involves business or real estate, talk to the professions (Lawyer, Accountant,
Banker) before you take money out of the bank or sign any papers.
My favorite read on Sunday mornings is the Haggler in the N Y Times.
He has great answers to readerrs questions.
And finally there is SCORE. Also great FREE advice.
JUST BE CAREFUL.
Good morning Luckiest,
All excellent suggestions!
Protecting personally identifiable information (date of birth, social security number, address, etc) is important.
Many may not realize that it's also important not to share other information such as mother's maiden name, name of first pet, name of street you grew up on. All seemingly harmless, but commonly used as answers when a password has been forgotten.
Thank you for your input, Luckiest.
With so many "Get Rich Quick" scams and schemes out there, it can be difficult to determine which resources are legitimate versus which ones are phishing scams and schemes.
Are there red flags to watch out for?
Is there a successful way to do detailed background research?
What should someone do if they believe they have come across a scam or scheme?
Please share with us your best advice and own experiences.