Get-rich-quick scheme

A get-rich-quick scheme is a plan to obtain high rates of <a href="/facts/Return_(finance)/CldGgD1f">return</a> for a small <a href="/facts/Investment/VrMookcv">investment</a>. Most schemes create an impression that participants can obtain this high rate of return with little <a href="/facts/Risk/tbBEDA0V">risk</a>, skill, effort, or time. 
The term "get rich quick" has been used to describe shady investments since at least the early 20th century.
Get-rich-quick schemes often assert that <a href="/facts/Wealth/IkxfYrFc">wealth</a> can be obtained by <a href="/facts/Working_at_home/yDcwVn1F">working at home</a>. Get-rich-quick schemes that operate entirely on the Internet usually promote "secret formulas" to <a href="/facts/Affiliate_marketing/zXF81bUX">affiliate marketing</a> and affiliate advertising. The scheme will usually claim that it does not require any special IT or marketing skills and will provide an unrealistic timeframe in which the individual could make hundreds of thousands, if not millions of dollars. Since the growth in popularity of <a href="/facts/Non-fungible_token/uoCFmea8">non-fungible tokens</a> (NFTs) in the early 2020s, skeptics have accused many NFT projects of resembling get-rich-quick schemes.
Legal and quasi-legal get-rich-quick schemes are frequently advertised on <a href="/facts/Infomercial/ECcAVwv7">infomercials</a> and in magazines and newspapers. Illegal schemes or <a href="/facts/Scams/1XNPz6wR">scams</a> are often advertised through <a href="/facts/Spam_(electronic)/Qc9IL60W">spam</a> or <a href="/facts/Cold_calling/Fvrwky5E">cold calling</a>. Some forms of advertising for these schemes market books or <a href="/facts/Compact_disc/g51GRloc">compact discs</a> about getting rich quick rather than asking participants to invest directly in a concrete scheme.

Get-rich-quick scheme open-in-new

Get-rich-quick scheme