The US is officially in recession. Alright, alright, that is old news. Well, I tend to repeat it because many people still believe otherwise. In my home country, the Philippines, the government still believes that we have a very stable economy and in no way will be affected (in large scale) by the US recession. I really don’t know if they are being optimistic or they were just trying to convince us that the government is in control. In my mind, it is more of a denial. A denial of the fact that when a superpower like the US goes through an economic meltdown, underdeveloped countries who have economic ties with Uncle Sam will experience the same fate to some extent.
Reality hurts, but it helps us cope.
On another note, the (now) global economic slowdown has also bred another problem –more quick-rich scammers. Though these people have been proliferating in the internet for years, they seemed to have doubled their numbers lately. They are feeding on people’s desperate craving for relief from the recession. While most of their schemes are out rightly dubious, many are still falling prey. What is worse, there are those that offers legitimate advices, means, and principles on how to make money are being labeled as fraud. One of which, is the so-called Nouveau Riche Scam.
Have you heard of a real estate investment college called Nouveau Riche University? Well, actually, this is not your regular university where you spend 5 years or more on a degree then end up joining the growing numbers of unemployed and debt-ridden after graduation. It offers instead courses on real estate investing and business related classes including short sales, wholesaling, fix & flip, business financial management, foreclosures, retirement plan investing, buying out of state deals and more. In short, they educate people on how to earn more money than the average Joe. Some people labeled this as Nouveau Riche Scam, without close examination on the merits of what they offer. In fact, they are not actually peddling quick-rich schemes but proven principles in real estate investing, business, and finance. There is no Nouveau Riche Scam. Honestly, what I see are people who were victimized, probably, by quick-rich scammers and so are being suspicious of Nouveau Riche University. Well…
Reality hurts, but it helps us cope.
On another note, the (now) global economic slowdown has also bred another problem –more quick-rich scammers. Though these people have been proliferating in the internet for years, they seemed to have doubled their numbers lately. They are feeding on people’s desperate craving for relief from the recession. While most of their schemes are out rightly dubious, many are still falling prey. What is worse, there are those that offers legitimate advices, means, and principles on how to make money are being labeled as fraud. One of which, is the so-called Nouveau Riche Scam.
Have you heard of a real estate investment college called Nouveau Riche University? Well, actually, this is not your regular university where you spend 5 years or more on a degree then end up joining the growing numbers of unemployed and debt-ridden after graduation. It offers instead courses on real estate investing and business related classes including short sales, wholesaling, fix & flip, business financial management, foreclosures, retirement plan investing, buying out of state deals and more. In short, they educate people on how to earn more money than the average Joe. Some people labeled this as Nouveau Riche Scam, without close examination on the merits of what they offer. In fact, they are not actually peddling quick-rich schemes but proven principles in real estate investing, business, and finance. There is no Nouveau Riche Scam. Honestly, what I see are people who were victimized, probably, by quick-rich scammers and so are being suspicious of Nouveau Riche University. Well…