Beyond the Pyramid: Differentiating Legitimate Businesses from Scams, Recognizing Warning Signs, and Promoting Financial Empowerment
Manage episode 494292998 series 3606471
🚫 Ever been promised quick riches… but something felt off? In this video, we’re exploring what a pyramid scheme or get-rich-quick scam is, how to identify one from afar, and how to safeguard yourself and your money. Scammers are becoming more sophisticated, and these schemes often seem legitimate at first, with shiny success stories, testimonials, and “exclusive opportunities.” But behind the hype, many are illegal or unsustainable, leaving victims broke and humiliated. Don’t be fooled—watch this before you agree to ANY “opportunity.”
🔹 IN THIS Episode, YOU’LL LEARN:
✅ What defines a pyramid scheme vs. a legitimate business
✅ How get-rich-quick scams hook people in
✅ Common phrases and red flags used by scammers
✅ Real-life examples to help you recognise the warning signs
✅ How to protect yourself and report suspicious schemes
📂 RESOURCES & LINKS:
🌐 Financial Services Regulatory Authority (FSRA) Saint Lucia: https://www.fsrastlucia.org/
📩 Book a Coaching Session: https://shop.naomisnumbers.co/b/feLV9
🎧 Listen to the Podcast: Let’s Talk Money with Naomi Jean – https://www.buzzsprout.com/2411883/episodes/17457781
💬 QUESTION FOR YOU:
Have you ever been approached by a “get-rich-quick” scheme? Share your story below—it could help someone else avoid the same trap! 👇👇
🔥 RELATED VIDEOS:
➡️ Don’t Sign Yet! Essential Questions to Ask Your Insurance Agent - https://youtu.be/Vwywl8qo75U?si=ORQ0ktO3H3s25Uw4
➡️ Smart Financial Habits for Beginners - https://youtu.be/7SjlOlGcsf4?si=Teg2taNb6fFcL_Oc
📲 STAY CONNECTED:
🔹 Instagram: @naomijean758
🔹 Facebook: https://www.facebook.com/share/15bEiPaedW/?mibextid=wwXIfr
🔹 Website: https://shop.naomisnumbers.co/
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Let's Talk Money Podcast, co-hosted by Steva Jay, provides practical financial advice and expert insights to help individuals achieve financial clarity. Each 10-minute episode covers essential topics like budgeting, debt management, credit, and saving, empowering listeners with the tools needed to take control of their financial future. Hosted by Naomi Jean, a seasoned financial coach w...
6 episodes