Personal Finance
People are gullible to believe whatever’s told to them’: Inside the mind of an ex-scammer
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  June 14, 2021
Read? 'People are gullible to believe whatever’s told to them': Inside the mind of an ex-scammer In Jon’s case, his scams involved timeshare membership - a ‘vacation package’ where one pays in advance to use a resort or hotel overseas for a period of time at a price below the market rate. He had conned victims into believing they could recover money from terminating their membership.  But he believes no matter the scam type, victims share similar characteristics that might make them more susceptible to scammers who tend to be “very good in human psychology” and know how to “trigger emotional states”.   WHO FALLS PREY?  Greed is one notable characteristic.  Jon recalled a bulk of his victims as “rich, but want to save so much”. Couples, especially the newly wed, also tended to be more greedy when it came to affordable holidays.  “They would start asking us, how much would it...
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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