PYRAMID GET RICH SCHEMES : DON'T BE A CASUALTY (2)

 PYRAMID GET RICH SCHEMES : DON'T BE A CASUALTY (2)

November 11, 2023

By Rev Michael Benson Ajayi 

'Enthusiasm without knowledge is no good; haste makes mistakes. " Proverbs 19:2

 " People ruin their lives by their own foolishness and then are angry at the lord. " Proverbs 19:3

  Banks often carry out risks assessments before issuing out loans this is to safeguard against loss of depositors funds.  Due diligence is expected from God's people before giving out God's money . The money in our possession is not ours but God's and we are accountable to him on how it is managed.

    Federal financial institutions are designed to regulate the movement of currencies to avert economic collapse and a state of anarchy . Imagine what will happened it we woke up to a situation where money losses value to the point of buying a loaf of bread for a billion naira. That's what will happen with more money in the economy than goods in a lawless society .It is the duty of born again Christians to daily pray for the success of government institutions to avoid a break down of law and order .

    The  United States Federal Trade Commission warns, "It’s best not to get involved in plans where the money you make is based primarily on the number of distributors you recruit and your sales to them, rather than on your sales to people outside the plan who intend to use the products."

    Given that some Pyramid schemes hide under the cover of Multilevel Marketing businesses and some MLM ask for very large sums of money without a corresponding increase in the sales of products outside members of the group resulting in many referring to them as legalized pyramid schemes  ,. the US Trade commission  gives the following guide to investors 

(1) Find—and study—the company's track record.

(2) Learn about the product.

(3)/Ask questions.

(4) Understand any restrictions.

(5) Talk to other distributors. Beware of an accomplice of a confidence trickster or swindler who poses as a genuine customer to entice or encourage others.

(6) Consider using a friend or adviser as a neutral sounding board, or for a gut check.

(7) Take your time.

(8) Think about whether this plan suits your talents and goals...

   It also important to ask yourself this pertinent question " Can I survive the loss of the money I am about to give out without a performance bond or collateral from the receivers? How will I get back my money in the event of the failure of the business ? 

     God desires that our needs be met and not through unsustainable questionable means that could bring the name of the Lord to disrepute .

    "Choose a good reputation over great riches; being held in high esteem is better than silver or gold. " Proverbs 22:1

Prayer : Heavenly father forgive me of my sins against you I believe Jesus Christ died and was raised again for my salvation I receive him as Lord and receive the Holy ghost and wisdom for contentment and prudence I. Jesus name .

+2348035536911 +2348098536911 e-mail michaelbensonajayi @gmail. 

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Inputs : Wikipedia