RULE 60: Shun Ads That Promise Get-Rich-Quick Schemes – It Won’t Be You Who Gets Rich Quick

City Dance Expert Tessy Alero Yembra with blogger Gbenga Dan Asabe & Journalist Paul Ukpabio
If
you type in ‘Opportunities to make money’ into Google you get over 150,000,000
hits. That’s not quite as many as ‘sex’ but still a pretty good indicator of
what we want. There are a lot of get-rich-quick schemes in there. Now, believe
me, they do work.
What? I hear you
cry. Yes indeed they do work. But not for you, not for the poor mugs who sign
up. They work for the instigators, the beginners, the ones who launch such
schemes.


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In the 1980s
there were lots of water purifier selling schemes about. I was invited to a
couple of their meetings and went along out of interest (strictly research I
promise) and was amazed at how quick people were to join in, to sign something,
anything, that promised them loads of money with minimum effort. After all,
what did they have to do but sell a water filter to a few friends and
relations?
Easy pickings
they all thought. Where are all the people now who signed up, invested their
savings, and were promised untold riches? Funny, I can’t find any either.
Maybe a few did indeed
sell some and alienated their loved ones in the process. Maybe there were a few
at the beginning who did make quite a bit of money. But any pyramid scheme
isn’t sustain- able and will collapse once it reaches a certain level because
there just aren’t enough people on the planet to sustain the promise. I like
what Woody Allen says about a fool
and his money – how did they get together in the first place?
“Maybe a few did indeed sell some and alienated
their loved ones in the process. Maybe there were a few at the beginning who
did make quite a bit of money. But any pyramid scheme isn’t sustain- able and
will collapse once it reaches a certain level because there just aren’t enough
people on the planet to sustain the promise”
When I was a kid
I remember reading about a couple of scams that set me thinking about how gullible
people are. The first was a pest killer. You sent off £5 (it may have been
pounds or dollars or whatever) to buy a pest killer guaranteed to kill any
household pest including fleas, cockroaches, mice, etc. What you got back were
two small blocks of wood with the instruction to catch and place the pest on
block A and then press down block B with great force. I kid you not. And the
perpetrators made a lot of money before they got caught.  It might be time to try that one again. The
second scam was someone offering a yard of silk during a silk crisis for a
similar small fee (notice how the amount is always small enough to tempt you
in) and what you got back was a yard of silk thread – they had never specified
the width.
Now you might be thinking you are too clever to be
taken in by such obvious hoaxes. Yes? Well they aren’t all as obvious and you
might not believe the schemes that otherwise very smart people sign up to.
There are no get-rich-quick schemes. Repeat after me: There are no ….(Idan!)

From The Book; The Rules of Wealth by
Richard Templar
(Read Rule
61
of Rule of Wealth tomorrow on Asabeafrika)
 Read-to-Wealth Series



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