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The Lowdown on Chain Letters
Everybody's received them - chain letters or e-mail messages that promise a big return on a small investment. The promises include unprecedented good luck, mountains of recipes, or worse, huge financial rewards for sending as little as $5 to someone on a list or making a telephone call. The simplest chain letters contain a list of names and addresses, with instructions to send something - usually a small sum of money - to the person at the top of the list, remove that name from the list, and add your own name to the bottom of the list. Then, the instructions call for you to mail or e-mail copies of the letter to a certain number of other people, along with the directions of how they should "continue the chain." The theory behind chain letters is that by the time your name gets to the top of the list, so many people will be involved that you'll be inundated with whatever the chain promises to deliver. One recently circulated e-mail chain letter promised earnings of "$50,000 or more within in the next 90 days of sending e-mail." Whether you receive a chain letter by regular mail or e-mail - especially one that involves money - the Federal Trade Commission (FTC) reminds you that:
Chain letters that involve money or valuable items and promise big returns are illegal. If you start one or send one on, you are breaking the law.
Chances are you will receive little or no money back on your "investment." Despite the claims, a chain letter will never make you rich.
Some chain letters try to win your confidence by claiming that they're legal, and even that they're endorsed by the government. Nothing is further from the truth.
If you've been a target of a chain e-mail scam, contact your Internet Service Provider.
Let's face it. There are a lot of scams around designed to take your money. But if you want a business where you are in complete control of your money, i believe my real estate program is a great business to run from your home. It's a cookie cutter type of business. I believe anyone can do it. There very few things around today that will allow the average person to really get rich. Real Estate is one of those things. In case you didn't know it there have been more millionaires created because of real estate than any other business.
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