Online Money: Worth The Risk?

in #hive-1768749 months ago

Money is multiplied in practical value depending on the number of W's you control in your life: what you do, when you do it, where you do it, and with whom you do it." Timothy Ferriss, author of The 4-Hour Workweek

In a world were we see ads on our socials talking about sitting at the comfort of your room and making millions, we are enticed to follow the bang wagon. Often, what we see is a young man or lady in their early to mid twenties have huge sums of money in their hands. Who wouldn't wish to be them?!

From Cryptocurrency to other trading platforms online, many tech savvy individuals use these apps and platforms to receive substantial returns.


source

BUT!!!

With every business, there are individuals who are in it to make money off people. Scammers as they are popularly called have made it difficult for manh like myself to trust online money making ventures.

Here is my story🫴🏾

Last year, an online platform set up in my country. It was an app that one invests some money based on how much money one wants in a day. Money goes through certain systems, a code is generated and that code is used to activate one's subscription. Simple right?!

Here is the interesting bit. With a click on daily tasks on the app, one is given the option of grabbing those tasks and would earn money. Just Like That 🫰🏾

Initially, I heard about this platform but I wanted to inquire about it first before I went in. So having knowing all that, I decided to enter there with one foot 🦶. I invested small, and got some returns. I actually ate from that platform more than I had invested.


source

Three months after I had joined, the company did a massive deal to allow investors gain lots of money than ever before. This was a trap. The minute they had received a lot of money from the investors, they shut down. The whereabouts of the manager unknown; the country coordinator arrested by the police and people's monies were gone.

This experience is unforgettable. Had I invested during the promo and lost the money, it would have been really destructive.

So, this experience had made the thought of online money making a prospect I don't look forward to. I'm not too sure about it anyway.

I hope your experience is not like mine. Tell me about yours let's spark a conversation.

Money 💰

Sort:  

That’s like something that happened in Ghana
Menzgold
People’s moneys were taken and in the end it just collapsed
It was a really huge thing in Ghana and sad too
In the end I heard that the company was saying those who are taking their money should bring money so they get registered in their system and their money will be paid back…..smart thieves 😂

Ours was AL Group.... These scammers hit hard in this country. So bad many got into debts

It’s sad but funny
Because I know most people will still do it again if they come back today😂

Scammers are on the prowl online looking for gullible victims.They capitalize on the desperate conditions of the poor to rip them off.

That's where cyber extortion creeps in... It's a really crazy world

I think most scammers bank on the fact that people want easy and fast money, so they make their business look that way to lure as much people as they can into it, only to later pull the carpet under them and vanish with the stolen money.

And they do it all the time... People are just desperate for easy gains

Easy come, easy go. Better to not take a shortcut but go all the way through the right path(s).