Welcome to #MoneyWise on #InspireAfricaProject! Today’s discussion is not in anyway designed to gloat over people’s misfortune, rather, it is designed to enlighten us about investments. Over the years I have learned important lessons on investment from accomplished investors across the world, especially from Warren Buffet. So anytime a new investment platform shows up, I usually consult some of the things I will share with you from today before I make any decision.

Those who attend Inspire Africa Project Conference regularly would remember that I have defined money in many ways. One of my best definitions is, money is a reward for exchange of value. Real money is value, not paper. Our ancestors used what they called trade by barter. It is the act of trading goods or services between two or more parties without the use of money. If you needed potatoes and you have tomatoes, you will simply get to the market and exchange it with someone who has tomatoes and needed potatoes. That way, no cash or paper was used in the transaction, they simply exchanged value.

One of the greatest lessons I learned about wealth creation is that when you make money without the exchange of value, it losses it’s importance. Money becomes a tissue roll. Thats why some scammers (419ers), armed robbers and those who crave for cash without the exchange of value doesn’t know the value of money.The Entrepreneur

A 419er who stole $100,000 from someone yesterday can beg for transport fare in six months time. Why? The moment he gets the cash, he squanders it. He purchases brand new cars, practically live in a hotel, change women everyday, drink expensive wine and other irrelevant things. An armed robber that steal N20 million today can be killed in another robbery operation in two months time. Why? When value is taken away, all you have is paper, not money. Ask any prostitute you know what she is doing with the money she makes.

There is a difference between multi-level marketing and Ponzi Schemes. You can make real money from multi-level marketing if you’re ready to work very hard in selling the company’s products, and in getting downliners. Multi-level marketing is a strategy that some direct sales companies use to encourage their existing distributors to recruit new distributors by paying the existing distributors a percentage of their recruits’ sales; the recruits are known as a distributor’s downline.

To me, if a multi-level marketing company does not sell physical products, they may not be genuine. Companies like GNLD that introduced multi-level marketing in this clime are still existing today because to make money from their organization you must hustle to sell their products while recruiting downliners. Some of the multi-level marketing companies that convinced people that they are not selling any product are not existing today. Once their websites disappears, your money will vanish into the thin air.

Ponzi Schemes on the other hand is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. So Ponzi Schemes are fraudulent investment models. They are not genuine, and they will definitely fold up one day. There are genuine ways money can multiply itself, but not in Ponzi Schemes.12-Pillars-pillars-of-success

A young man called Phil Obin shared the following about MMM on Twitter on December 3rd, 2016, yet people did not listen. “Dear MMMers! Time to pull out your money from MMM is now. There’s no short cut to wealth. You must plan, work hard & stay disciplined. MMM is purely a ponzi and pyramid scheme. They are running a dig a hole to fill a hole model of scam. They have one Igbo guy heading two other Yoruba guys in Nigeria. These are the guys running the show for Sergey Panteleevich Mavrodi, a Russian criminal and a former deputy of the State Duma.

For every N1,300,000 paid to a participant, another participant is owed N300,000 – a N300,000 hole is created. In other words, for every 10 participants paid, 3 are owed! To make matter worst, these guys have at least 1,000 admin accounts that keep getting help in millions, without first providing help, as required. They share these helps (money) with their master, Mavrodi, the Russian ex convict, who caused death of about 50 Russians when MMM crashed in his home country before he was arraigned and jailed!

It might also interest you to know that it costs the MMM team millions to run the their websites monthly. Where do you think they get these funds to pay for the websites, their admin staff and other running costs?The sites are hosted on proxy bullet proof servers which are very expensive to maintain. They pay for the servers in Bitcoins in other to hide their identities, since KYC isn’t required to open Bitcoin.”

We all make mistakes. Some out of ignorance, others out of greed and the quest for instant wealth. Whatever your motive is, I want to advise you not to participate in any investment platform that promises you heaven and earth without your little input. Any investment that doesn’t require the exchange of value needs to be scrutinized.

If I buy shares from a company, I simply gave them money to do business, and they must share their profit with me. If I fix money in the bank, the management of the bank must pay back the money with interest because I gave them the money they would use for business. But any business where money grows on trees is suspicious. Tomorrow, I will share some investment guides that will help you in future. Wisdom is profitable to direct!

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