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Automated wealth systems promise wealth and passive income through following specific instructions, often marketed through infomercials and the internet. Many are scams, requiring expensive investments and recruitment of others. Few achieve wealth through these systems.
An automated wealth system refers to a home-based business program or model marketed to the public with claims of wealth if the system’s instructions are followed. Such wealth building programs further claim that you will not only achieve wealth but also set up an automated process to reap future residual or passive income. Often, wealth building programs are marketed through infomercials and on the Internet. Also known as get rich quick schemes, a large number of automated wealth system products are actually scams.
People who express an interest in wealth creation are often encouraged to invest in a wealth building system. Those who invest in such products are assured that they will get rich quickly simply by following the exact steps that the creator of the automated wealth system did. The creator shares with the public how he got rich using the system and details stories about how wonderful life is now that he no longer has to work for money. The creator is generally very charismatic, but also appears to be an average person who got rich without the need for advanced education, unique training, or a special skill set.
It is not unusual for an automated wealth system to require a person buying into the system to recruit other people to maximize profit. Also known as multi-level marketing, some wealth building systems offer individuals the opportunity to earn money from personal sales of a primary product or service, as well as the opportunity to earn a commission on the sales of people recruited into the system. of automated wealth. Such programs include or are closely related to pyramid schemes.
Wealth building systems are generally expensive programs. However, the program’s spokesperson persuades people to invest in it by carefully describing the cost as an investment and assures those who are interested in wealth creation that the investment is necessary if the person is really serious about the program. wealth creation. Often installment payments can be made into the wealth system’s automated program to accommodate those who cannot afford the initial cost.
Not all, but many automated wealth system programs offer much less than promised. Historically, very few people have achieved wealth through wealth building systems. In the absence of legitimate, verifiable testimonials in favor of automated wealth system programs, many people have come to view them simply as wealth creation scams.
Smart Asset.
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