Instagram is being flooded by users offering get rich quick scams disguised as investment opportunities.
Ever seen a post on Twitter or Facebook guaranteeing that you’ll get rich using a particular get rich quick scam being pushed? Well, be prepared. Instagram is attracting the same scam artists promising to make you thousands of dollars without doing a bit of actual work.
According to the BBB (Better Business Bureau), a slew of accounts are popping up on Instagram claiming to turn several hundreds into thousands by simply adding funds to a prepaid debit card and sharing the info with the scammer.
These get rich quick scams are nothing new to social media. People have been preying on uneducated users since MySpace and will continue to do so as long as they have a channel to do it on. The illusion of riches is quite often a successful way to rip off aspiring wealth builders, and that’s exactly why these shady characters frequent sites like Twitter, Facebook and even Google+.
The way to keep yourself from being ripped off is simple, yet so hard for some people to grasp because money plays directly on so many emotions as pointed out in this research performed at Duke University.
It’s almost as if money sets off some function in our brain that says “Don’t bother looking into this, just focus on the money“. It’s why scam artists are able to effectively rip people off so often. When money is involved, judgement goes straight out the window.
It doesn’t have to be that way though. There are literally tons of ways to make money online that don’t require a prepaid debit card and a couple hundred dollar down payment. Just look at the tweet I shared earlier about the survey site I use to make $50 a week.
It’s not a million dollars, but it’s not a scam either. There are legit ways to make money (yes, even online) without taking the chance of being ripped off. You just have to do your research before opting in.