The COVID-19 pandemic has been very challenging for many Filipino families. It is understandable, then, that many of us will search for ways to augment our incomes.
Unfortunately, the unscrupulous have no qualms about preying on unsuspecting Filipinos even during these difficult times. In fact, these fraudsters seek to take advantage of people being more prone to making careless financial decisions during crisis periods.
The best investments, of course, are those that we understand well. Even supposedly high-reward investments, such as real estate or the stock market, need deep understanding of the assets involved in the investments. There is no way to get rich easily with investments. After all, if super high rates of return were possible quickly, why would those promoting questionable investment schemes want your money instead of just investing in these products themselves?