#19 – If It’s Too Good To Be True, It Probably Is

By | Jerry's Notes

Feb 06

Once in a while, we are presented with an opportunity to “invest” in a Money-Making scheme where we are supposed to earn very good returns with minimal or no risks at all.

This includes investing in a franchise maybe worth P25,000 and guaranteed 6 months payback period, investing P100,000 for a 5% guaranteed interest every month, or other schemes as wild as your imagination…

Without a doubt, these schemes can be very tempting especially if the return is good and does not require us to work our ass off.

Imagine, we just have to sit back and the money will supposedly roll into our bank account! How easy and convenient that can be!

Sadly, there are people who devise such schemes to take advantage of other people’s hard-earned money. So they can be the one to sit back and watch the money roll into their bank account at the expense of their “investors” aka victims.

In fact, I nearly fell into this nicely crafted scheme recently. But I know it’s something that will blow up so I pulled out my investment just in time. 🙂

What that experience re-iterated to me was something I knew all along… that there’s really no easy way to make money… legally. You have to work hard for it., whether you want to accept it or not!

So if somebody is offering you an easy way out with guaranteed returns, you better twice, or maybe thrice or as many times necessary.

You have to trust your instinct because if it’s too good to be true, it probably is!

How about you? What’s your experience on these schemes?

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