Connect with us

Trending Stories

MMM & The Greed of The Lazy

Published

on


My Dad often share a story with me; ” Don’t quickly get money so that your wealth can be durable, Quickly have money so that your fortune get lost overnight”. There is no shortcut in life, Every attempt to short cut end up in frustration and penury.

Any Business that doesn’t show you a personal responsibility on your part can never last. I have thought severally on not less than 10legitimate Businesses you can do online. A friend send this interesting analogy;

Assuming 5 friends A,B,C,D,and E resolve to render help worth 100,000 each on MMM with 30% return on investment. 

Total money in the pool will be 500,000.

Since the fund in not invested anywhere, the dormant total remains 500,000
On request of assistance

A collects, 130,000 from the pool leaving a balance of 370,000

Advertisement

B collects 130,000, leaving a balance of 240,000

C collects 130,000 leaving a balance of 110,000

With the balance of 110,000, it means that the fourth person D can only get his initial capital and 10% return on investment. 

What happens to the fifth person, E.

An economic hole is dug.

Advertisement

For every 5 persons, one person loses his invested capital. 

One will ask why is the scheme surviving today?

The simple answer is that the pledged and requested help are not happening simultaneously but for every help, a hole is created. 

Thank you 

That means for 500 people, 100 will lose their money. 

Advertisement

For 1million persons, we will have 200,000 destitutes and hole becomes wider and wider daily.

Now that reality has done on those who didn’t listen to advice, can you now look for a viable legitimate business to do. The type that is sustainable and durable. Don’t miss our Digital Marketing Training visit www.dmas.org.ng/dmas. Every Form of wealth without value in the equation is evil and cannever last. I rest my case.
Credit- Stephen Akintayo.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Trending