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| YES! International Magazine Publisher, Dr. Azuh Arinze with wife |
I don’t want you
to be paranoid generally but it is OK to be paranoid when it comes to your
money. There are a lot of sharks out there looking for easy pickings from the
less awake amongst us. Watch out.
to be paranoid generally but it is OK to be paranoid when it comes to your
money. There are a lot of sharks out there looking for easy pickings from the
less awake amongst us. Watch out.
Jeremy Paxman, the UK broadcaster, always
interviews politicians with a basic underlying assumption that they are hiding
something and he has to find out what and why.
interviews politicians with a basic underlying assumption that they are hiding
something and he has to find out what and why.
Obviously we
don’t want to go round believing everybody is out to get us, but there is a
good technique here that we can adopt to question anyone:
don’t want to go round believing everybody is out to get us, but there is a
good technique here that we can adopt to question anyone:
“If it waddles like a duck and quacks like a duck
then it is a duck and don’t let anyone tell you it isn’t if it looks too good
to be true it probably is not all that glitters is gold”.
• Offering us a
money-making proposition
money-making proposition
• Offering to
‘look after’ our money
‘look after’ our money
• Looking to
invest in our future or schemes
invest in our future or schemes
• Offering us
any financial advice
any financial advice
• Offering to
work for us
work for us
• Offering us a
partnership
partnership
• Offering us
products or services.
products or services.
You have to be
suspicious of anyone and anything that could make inroads into your wealth. Be
very wary of anybody who:
suspicious of anyone and anything that could make inroads into your wealth. Be
very wary of anybody who:
• Promises to
help you get rich quick, by short-cuts, using tax loopholes or dubiously legal
schemes
help you get rich quick, by short-cuts, using tax loopholes or dubiously legal
schemes
• Uses the word
‘offshore’
‘offshore’
• Uses the
letters MLM or pyramid selling
letters MLM or pyramid selling
• Claims to be
incredibly wealthy and is offering to share their secrets with you – the secret
is they make their money out of people like you (see Rule 61)
incredibly wealthy and is offering to share their secrets with you – the secret
is they make their money out of people like you (see Rule 61)
• Offers to
increase your wealth by using the Internet
increase your wealth by using the Internet
• Asks for money
up front to seed investment, pay for promotional material or carry out a
survey.
up front to seed investment, pay for promotional material or carry out a
survey.
And three things
to always remember:
to always remember:
• If it waddles
like a duck and quacks like a duck then it is a duck and don’t let anyone tell
you it isn’t if it looks too good to be true it probably is not all that
glitters is gold.
like a duck and quacks like a duck then it is a duck and don’t let anyone tell
you it isn’t if it looks too good to be true it probably is not all that
glitters is gold.
Remember also to keep asking ‘What’s in it for this
person?’ Don’t trust anyone. Don’t give your money to anyone to look after for
you. Check the small print of anything you sign. Be on your guard.
person?’ Don’t trust anyone. Don’t give your money to anyone to look after for
you. Check the small print of anything you sign. Be on your guard.
From The Book; The Rules of Wealth by
Richard Templar
Richard Templar
(Read Rule
72 of Rule of Wealth tomorrow on Monday at Asabeafrika)
72 of Rule of Wealth tomorrow on Monday at Asabeafrika)
Read-to-Wealth Series
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