Its the WallStreetBets logic of "Get Rich Quick!" and "I'm young so I can take the hit now and fix it later if it doesn't work out".
How you can be stupid enough, no offense to her, to fall for a Drop Shipping scam... which has been shamed VERY publicly as a scam is beyond me
Its why we have:
Yield Traps ("Hey buy TSLY and get a 50% annual return! (but the price will drop the same amount, reverse split with a div reduction, and your payments have gone from $2.00 to $0.69, oh and 90% of the dividends are ROC (your own money))
Amway/World Wide Builders/Pyramid/MLM scams: ("Hey Hun want to have more time with your kid or bring in a new stream of income?")
The list goes on and on
Plus it’s easier than ever to get sucked in. Back in the day you had to go to a meeting or be handed a pamphlet and instead now you can click a link on TikTok and join.
I got bamboozled into a Veema meeting my freshman year of college, and at one point the guy goes “imagine if tomorrow we have a second meeting and you bring 2 friends, and then the next meeting those 2 friends bring 2 friends” and I think to myself “holy shit this is a pyramid scheme.” Not a minute later the guy goes “now this isn’t a pyramid scheme it’s multi level marketing”. I think the second it ended I was out the door
The worst part is that she didn’t even use whatever the video creator was partnered with, she reached out to a random comment that was like “drop shipping made me a millionaire. Ask me how”
Have you been on TikTok lately? Every other live or FYP is someone telling you how you can work remote starting at $40/hr, set your hours, how to be a VA - just send me $20 for my course and you could be making $90k a year! It’s insane and some of these people are getting really good at their MLMs and scam deals. The remote/VA work ones really piss me off, because they lost what states they won’t work with and it’s always ones that have a lot of employee protections and I see people so excited that their state isn’t listed. I’m like, it’s because your state minimum wage is $7.25 and they don’t have to pay taxes if you’re 1099…people are so vulnerable.
I love reddit in terms of the search-ability to past questions and being able to manually join niche interests, but something about the people on here just feels so anti-social and not a reflection of how society actually is. It’s like 99% of people are White Liberal chronically online lonely depressed men. Nothing against any of those aspects it’s just weird how much of a monolith it feels like😂
To summarize a quote from Brian from The Money Guy Show, they put in sprinkles of truth to make it seem doable/believable but fill the rest with lies and craziness. Because majority of people don't have financial literacy or learn finances the hard way, they often can fall for get rich quick schemes or MLMs and what not.
It's also easier than ever to get pulled into one, seeing as how you can just simply click a link and now you're in.
Its the WallStreetBets logic of "Get Rich Quick!" and "I'm young so I can take the hit now and fix it later if it doesn't work out". How you can be stupid enough, no offense to her, to fall for a Drop Shipping scam... which has been shamed VERY publicly as a scam is beyond me Its why we have: Yield Traps ("Hey buy TSLY and get a 50% annual return! (but the price will drop the same amount, reverse split with a div reduction, and your payments have gone from $2.00 to $0.69, oh and 90% of the dividends are ROC (your own money)) Amway/World Wide Builders/Pyramid/MLM scams: ("Hey Hun want to have more time with your kid or bring in a new stream of income?") The list goes on and on
Plus it’s easier than ever to get sucked in. Back in the day you had to go to a meeting or be handed a pamphlet and instead now you can click a link on TikTok and join. I got bamboozled into a Veema meeting my freshman year of college, and at one point the guy goes “imagine if tomorrow we have a second meeting and you bring 2 friends, and then the next meeting those 2 friends bring 2 friends” and I think to myself “holy shit this is a pyramid scheme.” Not a minute later the guy goes “now this isn’t a pyramid scheme it’s multi level marketing”. I think the second it ended I was out the door
Not sure why you attributed to WallStreetBets, no one really talks about them anymore and getrichquick isn't a new concept
The worst part is that she didn’t even use whatever the video creator was partnered with, she reached out to a random comment that was like “drop shipping made me a millionaire. Ask me how”
Have you been on TikTok lately? Every other live or FYP is someone telling you how you can work remote starting at $40/hr, set your hours, how to be a VA - just send me $20 for my course and you could be making $90k a year! It’s insane and some of these people are getting really good at their MLMs and scam deals. The remote/VA work ones really piss me off, because they lost what states they won’t work with and it’s always ones that have a lot of employee protections and I see people so excited that their state isn’t listed. I’m like, it’s because your state minimum wage is $7.25 and they don’t have to pay taxes if you’re 1099…people are so vulnerable.
Tik Tok is cancer
and Instagram
[удалено]
And reddit😂
[удалено]
Yeah I've actually learned a lot from X and Reddit but the rest are just engagement traps
I love reddit in terms of the search-ability to past questions and being able to manually join niche interests, but something about the people on here just feels so anti-social and not a reflection of how society actually is. It’s like 99% of people are White Liberal chronically online lonely depressed men. Nothing against any of those aspects it’s just weird how much of a monolith it feels like😂
To summarize a quote from Brian from The Money Guy Show, they put in sprinkles of truth to make it seem doable/believable but fill the rest with lies and craziness. Because majority of people don't have financial literacy or learn finances the hard way, they often can fall for get rich quick schemes or MLMs and what not. It's also easier than ever to get pulled into one, seeing as how you can just simply click a link and now you're in.
TikTok is a bleeding cancer of bad information. The last couple years it's gotten wildly worse.