LamikayTy

Trust me i’m not financial savvy when it comes to get-rich-quick schemes. Most have come and gone before I hear. I simply do not look out for such schemes, because obviously I do not believe in them.
One of such has generated such interest and views that I thought I might just mention it here on my blog. I heard about it by chance when a dear friend was narrating how she tried to dissuade fellow colleagues from participating and by chance I happened to see a vehicle belonging to the same scheme on the Lagos-Ibadan expressway.
Anyways what peaked my ‘interest’ was stumbling upon blogs yesterday featuring or ‘talking’ about these schemes. I spent more than a few minutes reading the commentary and the comments. I laughed out loud several times because I could not believe what I was reading. Proponents and opponents had a field day shooting down each other and funny enough, sometimes compromise was reached.
I believe the general consensus was ‘play safe’, ‘invest only what you are willing to lose’, ‘invest with your eyes open’!!!!!!!!
Nigerians! General conclusion pointed to the fact that there is not a soul who dislikes money and not just money but quick cash. Fast cash! Many told stories of completing houses and buying the cars of their dreams in very little time. If this was not evidence enough then what is, they questioned?
None of them could state conclusively and logically what legal business these ‘money-collectors’ are into. No one!
Oozing from every comment was simple avarice. Planting bean seeds and expecting to harvest gold bars is not only ‘impossible’ but not ethical. Yes, many have swollen bank accounts, cars, lands, buildings to show for it, but truly does that make such ‘investments’ squeaky clean.

History repeats itself and ponzo schemes no matter how well packaged or covered up or how long they’ve been around eventually crumble.
I’ve heard countless stories of people who made a bit and invested much more only to lose it all. I’ve had the opportunity to try and dissuade a very good friend but the lure of the cash to be made proved stronger. And like one comment said, no advertising fees are required, all that is needed for the first so many payments to be regular and word-of-mouth plc does that job for them.
The early 90′s saw Lagos full of so-called finance houses (and registered too) that seemed legitimate until their faulty foundations gave way. Many ended in Jail, many developed hypertension and ‘manier’ (permit my grammer) were reduced to penury.

What is wrong with a steady, sometimes slow flow of income generated via hard work. Its an irrefutable principle of nature, seeds need time to grow!

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