Top 10 Worst Ways To Make Money

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6. High-yield investment opportunities

High-yield-investment-oppor

HYIPs are unsustainable after a few years and are definitely unlawful. You have to stay away from any such schemes which promise a very high return over and above the normal rate of return.

 

7. Online surveys

Online-surveys

Filling online surveys may seem a simple task which promises a great deal of money. Whatever price is quoted, you must understand that even this arena is filled with scams. As the job involves no ability or talent of any kind, you may not get much work or pay. You may also be required to pay for some of these opportunities and some of these may never pay you properly.

 

8. Foreign currency Trading

Foreign-currency-Trading

Forex trading involves a lot of risk as you may have to work with people who may have more capital than you and who are into this for a living. It also is a zero-sum game in which you will stand to benefit only when someone loses their cash. You cannot be guaranteed profits in this type of trading and fraud in this area is more prevalent.

 

9. Real estate Flipping

Real-estate-Flipping

Flipping real estate is also a not very desirable way to make extra money. Flipping has become rare these days with the fall in price of houses. It also involves a lot of risk and you have to seek professional advice before choosing this method of earning an income.

 

10. Day trading

Day-trading

Day trading involves a lot of risk and can be done only with practice and training. It is seen that day traders earn a lower rate of return than the average investing household. Hence it is actually a complicated and stressful way to make money. Instead you can just give cash to experienced people who will know exactly what they are doing and help you improve your earnings.

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