An evening news report aired a few nights ago made me think about this post and sharing it with all of you. It’s about investment scams, those “double your money” schemes that so many people still fall for.
In a gist, there were several people who were made to believe that the money they gave a company would double just because. Hearing the word “double” made them lose their senses and they gave hard-earned money to the company obviously operated by unscrupulous people. After amassing large sums of money, the owners of the company disappeared!
You know what made me really angry? One victim was interviewed and she said that the money she gave, invested in, the company was money earned by her sister who was working abroad, an overseas worker who was earning through blood and sweat! Can you imagine the anguish of that OFW who was not told that the money she was asking her sister to save for her was now lost to some scammer?
Please don’t fall for any kind of “double your money” scheme. There is NO way that your investment will double just like that! Unless you are a loan shark or a drug dealer, your money won’t multiply in any kind of investment out there. Just like that! You will have to wait for a long time before you will be able to earn so much from your investment. Don’t believe in promises that all you have to do is trust them with your hard-earned money and a couple of days after, it will be given back to you double the amount. Totally BULL! It’s fraudulent and you are better off investing your money in a business you know a lot about.
Interest and dividends are earned over time, in small amounts unless you invested millions. Keep that in mind!