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Internet Scams We Are Still Falling For

Internet Scams We Are Still Falling For

In the old days, snake oil scams were incredibly prevalent–and successful. Anyone with charm and a way with words could waltz into a small town and swindle the entire population by promising eternal youth, extreme happiness, or riches beyond anyone’s wildest imagination.

You would think that with all the information available on the Internet nowadays these scams would be impossible to pull off. Unfortunately, thousands of people still fall for similar “too good to be true” schemes every day. Scammers prey on innocent people who put their trust in anyone seeming to be offering assistance all the time. As you browse the World Wide Web, be on the lookout for:

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Disaster relief scams

This is perhaps the most despicable method people use to swindle others out of their hard-earned cash. Whenever a natural disaster or terrorist attack occurs, the vast majority of the population is more than willing to open their hearts and their wallets to help those in need–and scammers know this. When Hurricane Katrina hit the United States, hundreds of people saw their fellow countryman’s suffering as an opportunity to profit. At a time in which people are most vulnerable, some scumbags only see dollar signs.

Collector’s items scams

Most people who collect specific items as a hobby do so with no ulterior motive in mind. Those who have amassed a collection of baseball cards or supposedly rare silver dollars throughout their lives aren’t looking to profit; for the most part, they want to share their collection with their children and pass down something that represents them. Of course, it would be nice if they were able to sell some of their collection if absolutely necessary. Unfortunately, when the time comes to cash in on their investment, many collectors are heartbroken to discover that their memorabilia is virtually worthless. And, of course, by the time they figure this out, the person who sold them the useless junk is long gone, and the poor collector is left with nothing.

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Auction scams

You’ve probably seen commercials for auction sites that offer iPads and Xbox consoles for a fraction of the retail price and wondered how they do it. Hopefully you stopped at this stage, realizing that if something is too good to be true, it probably is. But if you didn’t stop yourself and opened a $50 bid on a new $1,000 Macbook, you likely immediately regretted your decision. These sites often charge a monthly subscription fee to use their services–whether you use them or not. Not only that, but some of them also take the money you bid on an item regardless of whether or not you actually won the auction. Now you see how they can afford to “give away” these expensive items for a tenth of the price, right?

Free trial scams

I like to live by the old saying, “If it’s free, it’s for me!” I think a lot of people do. But you have to use discretion while living by this motto, especially when browsing the Internet. A lot of sites offer free trials for their services or products for one month, but they require your credit card information “just for verification.” What they really use your information for is to charge your card the minute your free trial period runs out and the paid monthly subscription kicks in. And–you guessed it–these subscriptions aren’t cheap. And they aren’t refundable, either. These companies bank on people forgetting to cancel their subscription within the first month. Then they count on you being too busy to deal with the hassle of complaining, so you chalk up the $49.99 fee as a loss and move on with your life. While it might not seem like making fifty bucks from a once-off customer might not seem like a lot, think about it. If only 1% of the population of America falls for the scam, the “company” will make about $150 million for doing absolutely nothing!

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Work from home scams

When you see the phrase “work from home,” you most likely imagine lounging on your couch with your iPad in your hand, the TV on in the background, and a cup of coffee (or a glass of wine) next to you while you breeze through your day. While working from home is certainly possible (ahem), it’s not like you won’t be working. But that’s exactly what many “work from home” scams promise–the ability to click around on your computer for an hour a day and spend the rest of your afternoon watching soap opera reruns while the dividends roll in. They’ll promise to give you “the secret” to making residual cash with minimal effort–but only if you pay an upfront, non-refundable fee. Of course, the “secret” usually involves some type of Ponzi scheme that requires you to either admit you’ve been swindled, or become a swindler yourself. Take it from me, there are much better ways to make a living working from home.

Featured photo credit: A Fool and His Money / David Goehring via farm4.staticflickr.com

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Matt Duczeminski

A passionate writer who shares lifestlye tips on Lifehack

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Last Updated on March 29, 2021

Life Insurance: A Secure Way To Protect Your Future.

Life Insurance: A Secure Way To Protect Your Future.

Life is a journey full of ups and downs. No one can actually predict what might happen the next moment; there are times where the happiest moments do not even take a second to turn into the gravest. Planning for your future can help you face such unwelcomed but irrepressible situations with much ease. We all want to make every memorable event of our life more special and to cherish all those moments happily and worry less, you must financially plan your future. But no one has control over life and death. Who would wish to see his family suffer in his absence? Insurance hands over the financial jeopardy of life’s happenings to an insurance company.

Importance of getting a life insurance

No one has control over life and death. Nobody would like to see their family suffering in an absence, and that’s why many people recommend life insurance. A life insurance plan is one of the best ways to secure the future of your family, even against those financial troubles after an untimely demise. These plans are safe and credible, and you could trust them for your family’s better future.

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On the other hand, a life insurance policy is a contract between a company (insurance provider) and policyholder in which the insurance provider ensures to pay a certain amount of money to the nominated beneficiary in case of the policyholder’s death during the term of the agreement. There are different types of insurance plans, and it is important for you to know the benefits of those plans such as a funeral, medical or some life expenses provided they are mentioned in the agreement.

Choosing the right insurance plan

If you’re about to select an insurance plan, you should consider some important factors:

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  • The time at which you start investing in a program and the number of family members you want to get insured. Obviously, a married man with two children has different needs compared to a single one. The number of persons who are dependent on an individual also varies from person to person.
  • The next thing you need to consider is you and your family needs. What are your child’s dream, your retirement plans, for how long would your dependents need financial support, any personal injury, etc. And do not forget those events or situations that will surely demand a huge sum of money.
  • The next thing one must consider is your current income. You should preferably choose a plan which you can afford.

Now you must be having a pretty clear idea of how to choose the best plan for you. Further, you should also compare various plans offered by different companies and numerous sites available online that help will you to compare them.

Differences between life insurance plans

Here’s a short brief of some plan categories you can choose according to your needs:

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  • Term Insurance Plan – You have to pay once, and your nominee gets the paid money under your misfortune demise. It ensures a person for a fixed time. If you survive the policy period, you do not get your premiums back.
  • Whole Life Policy – This plan continues for your lifetime. Under this, the policyholder has to pay regular premiums, until their death.
  • Endowment Policy –  In case the individual dies during the tenure, the beneficiary gets the amount assured. If the person survives the policy tenure, they gets back the premiums paid with other investment returns along with several other benefits.
  • Money Back Policy – In this a portion of the money invested is returned to the investor at regular intervals. If you survive the insurance term you get the entire amount back; else the beneficiary receives the entire sum assured.
  • ULIPs – These are the life insurance plans that offer you future security plus wealth creation options.

Many people do not opt for whole life policy and endowment policy because of the high amount of money you need to pay, while others may prefer to opt for these if they have a high life expectancy. Surely you will find the best one for you.

So what are you waiting for? Plan for your future and live a happier and carefree life today.

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Featured photo credit: aryehsampson.com via aryehsampson.com

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