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Mr Ponzi’s and Mr Mavrodi’s schemes have been confirmed to be scams. In these schemes, while the predators get huge returns, the preys go broke. So many lives have been destroyed. So many homes have been torn apart and some have even committed suicide. Some died of heart attack. These schemes were not instituted to enrich you but to impoverish you.
Financial illiterates fall flat for these and lose oodles of money, some of which were borrowed or loaned.
WHY PONZI’S AND MAVRODI’S SCHEMES MUST FAIL
The following are the reasons why the above schemes are bound to fail:
(1) High pay-outs
(2) No investment
1 HIGH PAY-OUTS: These schemes promise you of great returns, far above your “donations”. Some promise you 30%, 50%, 100%, 200%, etc per month. Some even promise participants 100% in 7days. This is crazy. What magic would be performed to double your money multiple times? Some actually have been paid heavily and have testified to attract others. The money those testifiers collected is the money other participants “donated”. Since there is no financial literacy involved, the schemes are bound to crash and those who are yet to receive help or GH as they call it would be told to provide another help (PH) so that they can GH the money which has already gone to other people’s pockets! That is as a result of financial ignorance and illiteracy.
2 NO INVESTMENT: The height of this ignorance is that the inventors of these schemes don’t even invest the money at all. The money keeps rotating; moving from one account to the other until it finally stops in some participants’ accounts, then the rest who are yet to receive payment (GH) will lose heavily. That is just the system. Even if the inventors of these schemes decide to invest, from where will they get the 30%, 50%, 100%, 200%, etc to pay participants? Which business can consistently yield such amounts?
FINANCIAL LITERACY
The rule of money multiplicity is found in savings and investments. If money is not invested, it cannot multiply. Therefore, to grow rich legitimately, you have to learn how to save and invest.
It takes time to grow rich legitimately. But most of us are given to avarice and megalomania. Everybody wants to get rich quick, including some of us that preach the gospel. However, this is high time we repented. We have to do real businesses.
A sophisticated investor has a long- term mentality and approach. You should invest your money and give it time to grow. You can invest and leave it for 5,10 or even 20 years.

Drop your e-mail if you want to know where and how to invest

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Thank you for your post, but I will quickly add that history has proved that there is exception in everything. Not everyNigerian is corrupt. I am the founder of COMPLETE FOREX EQUATION. i GIVE OUT THE TRADING SYSTEM TO PEOPLE FREE OF CHARGE.

Men and brethren the nature of man is always consistent with carnal comparison. The fact still remains, ''FOLLOW PEACE WITH ALL MEN AND HOLINESS WITHOUT WHICH NO MAN SHALL SEE THE LORD''-HEBREWS12.14

Holiness is not only for the men some of you are projecting here and debating who is the holiest. How many of us are holy. How many of us are ready for the rapture. It is written, ''THERE SHALL IN NO WISE ENTER INTO IT ANYTHING THAT DEFILETH , NEITHER WHATSOEVER WORKETH ABOMINATION OR MAKETH A LIE, BUT THEY WHO ARE WRITTEN IN THE LAMB'S BOOK OF LIFE''-REVELATION21.27

Therefore, everybody should make sure his name is written in that book of life.

The major reason many investors lose oodles of money is because they make use of high leverage without control. They rejoice when the trend favours them but mourn when it goes against. The rule is this: no matter how high is your leverage in anything, you cannot avoid losses except you have total control of it.

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you need to know the will of God concerning your life and let Him direct you on what to do. The biz that works for me may not work for you. That is why people fail in biz.
from
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Jesus Christ is the Son of God who God sent into the world from heaven to save us from sin and it's consequences (sicknessess, satanic attack and from HELL FIRE). Have you been saved? Are you free from sin? What shall it profit you if you die an intelligent and argumentative fool? Jesus said "Except a man be born again he cannot see the kingdom of God" John3:3 Have you been born again? Nobody will after staying in hell for some time go to heaven(ALJANA) as you may hope. Repent now or you perish. Luke13:1-5

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