I know it is sweet to get 10% or more on your investment monthly. The lure of huge profits when you are a novice or someone who is either greedy or a risk taker is sometimes difficult to surmount.
I have been there and mostly your mind works in overdrive of excitement when you calculate how much will accrue to you at the end of the month, three months, six months or a year.
Those emotions cruelly reduces your capacity to look critically at the risks that your funds face when you give them away online or to a scam company. The lure of huge profits is a terrible thing.
Personally, I have tried most high yielding investment schemes and it almost always end in tears. The only caveat is when you do your homework and enter at the early stages. Even then there are no guarantees.
Therefore, I have determined to do honest jobs and invest in safe to moderate risk investments. I have learnt my lessons and many more people will keep learning the sad way.
The surest way to invest your money is to go into real estate business or run your own business. Your business may not do well but the lessons you will learn running it will invaluable.
Don't fall for the online scams, they are the easiest way to lose your hard earned money. Better to have your principal than to lose it in a scam.
There are many businesses around us and all we have to do is to think creatively and be passionate about our quest.
Remember if it is too good to be true, it definitely is. Just think about Menzgold, US Tilapia, Safeway Tilapia, TCL investment, giversroom, Cedi plus scam et al.
They sounded crazily good and convincing during their hay days but it ended in tears for most people. Don't be the next victim.
Do not trust people who say they are good at trading and want to trade for you. This will also give you a painful experience.
Work hard at your job and you’ll have what you need. Following a get-rich-quick scheme is nothing but a fantasy.
Make honest gains and be content with whatsoever you have. Make risk free investments, many rich people did this and they are doing good.
Remember this Bible quotation as your guide.
Proverbs 12:11 NKJV
He who tills his land will be satisfied with bread, But he who follows frivolity is devoid of understanding.
Do not chase fantasies. Better to have your funds with you than with another person or entity who then determines whether to pay you or not. Think before you act.
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