Which emotion drives us at times when we are vulnerable that often leads to financial disaster? If you said fear, you would be nearly right, that is secondary. The emotion that scammers and promoters of unsound products play on is greed.
The poor, that is most of us, often have fantasies of getting a windfall. And when that fantasy is presented in writing (by email), no matter how far-fetched it seems, we want to believe it. Someone in the world has written to us claiming that: a) we can help them transfer their millions to our bank account as they are receiving an inheritance, b) we have won a lottery and only need to pay some fees to receive it, or c) there are some small US company stocks to buy which will prove profitable.
As we have seen lately on Australia’s 60 Minutes and Current Affairs programs, these types … Read More