Like I said in the article 'Start to learn about investments today', on Oct 21, last year, DO NOT INVEST IN ANYTHING YOU CANNOT EXPLAIN TO AN AVERAGE 6-YEAR OLD.
I have just started accepting investments into my start up company and that old saying came back to me. [Unless you are a billionaire, that opportunity is closed for now.]
I shared my billion dollar idea fully with my new business partners and encouraged them to see that the future is bright. But they must not forget the above saying either.
Putting money into another man's business is (if you have read the Oct 21 article above) the second level of investment- making your money work for you.
By collecting my investors' money, I am at level three (3) already. And when our company goes public, we (myself and my new business partners) will all be at level three together- making others' money work for us.
Just as we had 'wonder banks'- ponzi schemes in the past, so we will have them again. If you still don't know what a ponzi scheme is, read my article 'Why most people hate MLMs.' My idea is a unique multi level marketing scheme that (as I put it in my business plan-) will be the first-of-its-kind multi level marketing scheme that people will yearn-for, instead of run-from. [Check out this article on how to avoid falling for get-rich-quick schemes.]
'Was reading about Ethan Bloch, the 29-year old (we sure have some things in common) CEO of Digit, and I was convinced again that not only will a savings scheme sell in Africa, my idea will also be attractive to Americans. Because from the comments I read under the article, some Americans say they can hardly get 1% interest on their savings- talk about money coming into Africa.
Okay, I will leave you with that for now. Join me tomorrow as I talk about Social Media marketing.
Do have a lovely Sunday. God bless you.
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