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The Hidden Cost of Homeownership: Eye-Opening Facts Imagine buying a $500,000 house with a $400,000 mortgage, paying it off over 30 years. The bank will rake in around $500,000 in interest from money it essentially created from nothing. This means 5-10 years of your hard work go straight into paying just the interest. 🤯 This is why financial institutions are so fond of real estate investors.

The Hidden Cost of Homeownership: Eye-Opening Facts

Imagine buying a $500,000 house with a $400,000 mortgage, paying it off over 30 years.

The bank will rake in around $500,000 in interest from money it essentially created from nothing.

This means 5-10 years of your hard work go straight into paying just the interest.

🤯

This is why financial institutions are so fond of real estate investors.

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Beware of Spoof SMS Scams! Michael, an experienced Binance cryptocurrency trader, received a suspicious text message claiming to be from Binance Support about a login attempt from an unknown device. The message instructed him to call a provided number. Concerned, Michael called and was told by the "support agent" that his account was compromised and he needed to transfer his funds to a new wallet address via SMS. The scammer also asked him to download a remote desktop application. Alarmed, Michael recalled advice about spoof SMS scams and decided not to share any personal information. He used Binance's official Verify to check the authenticity of the message and phone number, discovering they were fake. Michael reported the incident directly to Binance customer support, who confirmed it was a scam and thanked him for his vigilance. They reiterated that Binance would never ask for remote desktop downloads or fund transfers to unverified addresses. By staying alert and following Binance's security practices, Michael protected his investments and exemplified how to guard against such scams. #trendingtopic #CryptoSafety #scam #beware
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Urgent Scam Alert in South America A large-scale job scam (Link job scam) is spreading in South America, particularly in Peru. If you are participating, please stop immediately to prevent losing all your assets. If you are not involved, please help by sharing this information. Remember, these scammers are the real devils. Identified Scam Domains: link3.one link0flow.com linkflow1.com These domains may change, so stay vigilant and report any suspicious activities to us. Stay Safe.🙏 #trendingtopic #ScamAlert #scam #latam #becarefull
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