Lately, someone has been attempting to recruit me into a pyramid scheme. I recognized it as soon as she sent me the link, because I've been in one before. No need to worry though, because it didn't cost me anything.
I was offered the opportunity to invest in a company called BIZMAXTRADE; a company that claims to be in the business of helping you "improve your financial position." They do this by teaching you how to get others to pay you.
For argument's sake, let's say that I would pay into this scheme and I could get a few people to pay me. They would then learn how to get others to pay them, who would then learn how to get others to pay them, and so on. But wait...there's more!
Not only would I be paid by the people I recruited, but also by the ones they recruited, and by the ones they recruited, and so on. I could earn money from people up to 5 levels down. Sounds great, until you realize that it can't go on indefinitely. To borrow a phrase from Gary Sims...
Imagine, if you will, that you would pay into this scheme and you could get people to pay you, and these people could get people to pay them, and so on, 5 levels down. At some point, this pyramid is bound to have trouble finding new recruits. When that happens, it would only be a question of time until...
Not only would this mean the end of the income for you and the people you recruited, it could even spell disaster for the entire pyramid. However, there is hope.
I'd like to introduce you to something that could not only help you, but could even help the people that have already fallen for a pyramid scheme such as the one described above. Because, keep in mind, the question is not if such a pyramid will break down, but when.
I have been a subscriber of the Minority Mindset YouTube channel for as long as I can remember. In his videos, Jaspreet Singh not only talks about what you can do to earn money, he also talks about what's going on with the United States economy. If you prefer to read instead, then you can subscribe to the free Minority Mindset Newsletter.
As always, I hope you enjoyed reading this blog post. If you have any questions or comments, then please let me know in the form down below.
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Hello Bert,
Thanks again for shining a light on this issue. I've seen many people on social media fall into this trap sadly. I hope that via this blogpost more people become aware of the danger of pyramid schemes.
Looking forward to your next blog post.
Cheers
Lulu