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PONZI SCHEME, WHAT YOU SHOULD KNOW

   I am pretty sure that you have heard about the term PONZI SCHEME and PYRAMID SCHEMES a lot either in the news, social media or from friends. It is not something new. It has been in existence for quite a number of years now. “But when you work hard for your money, you do not want to lose it. And if you invest your hard earned money you want to see great returns. But if you are looking to invest your money be careful.” (VOA, Learning English Program). There are many ways that you can be tricked out of your money. There are frauds, schemes and scams carried out by fraudsters, schemers and scammers. Two types of these tricks that you should know about are Ponzi Schemes and Pyramid schemes. This post focuses more on giving a general idea of what a Ponzi scheme is like and what you have to know about Ponzi schemes so that you will not be a victim of such schemes. PYRAMID SCHEME A pyramid scheme is an illegal business in which investors are paid with monies brought in by later inv...
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6 WAYS TO COME UP WITH A BUSINESS IDEA.

Of late, business owners are among the people who are enjoying the luxurious lifestyles. Many people are who have tried to come up with great business idea but do not know how to go about it. If you had also wanted to start your own business or you are planning of starting a business now, but you don’t have any concrete idea at hand. Then I will edge you to take your time and relax as I take you through this seven 6 simple ways of coming up with a business idea.  1. Ask Yourself “What Next”? As you begin your entrepreneur life, this question is a very powerful question that puts your mind in motion and makes you think about likely new opportunities. There may be several opportunities closer to you but because you have not put your mind at work to critically scrutinize these opportunities, you will realize that you are always at stage 1 without progress.  You are likely to raise a lot of alternative ideas by asking yourself “What Next”? 2.Do Something About What Bugs You. Entre...
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HOW TO BUY AND SELL THOUSANDS OF U.S STOCKS FROM GHANA.

  In my previous post you remember I talked about understanding the stock market. Right? Today we are coming to look at how to buy and sell thousands of stocks from the U.S stock market directly from Ghana in a comfortable way without passing through a lot of formalities. Through this process you can buy and sell Ghanaian stocks as well. For some time now, we use to hear how CEOs of companies like Apple, Amazon, Facebook, EBay, Intel, Walmart etc.  are increasing their wealth overtime through their investments (stocks). So most of the times we wish we can also invest our small monies in some of these companies so that we can also enjoy a part of their stock returns, but we find it difficult to do so. But don’t worry! I’ve got you covered. Today I will show you how to do that. You can do that through the Bamboo Investment App. Also known as invest bamboo. Bamboo is a U.S online investment app used to trade in international stocks. Bamboo gives unrestricted access to over 3,000 ...
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UNDERSTANDING THE STOCK MARKET FOR BEGINNERS

Investing in the stock market can seem like a crazy prospect for a generation of young adults that have like Ghc10 in their pocket but if it is done right, you can take that Ghc10 and turn it into Ghc50, and that’s more than you have before. Right?  In order to understand the stock market, we need to understand first what a stock is WHAT IS A STOCK A stock also known as a share or equity is a type of financial security that signifies proportionate ownership in the issuing company. This entitles the stockholder or shareholder to that proportion of the company’s asset and earnings (profit).  Basically, if MTN have 1000 shares and you bought 1 share, you would own 1/1000TH of MTN. The reality is that, both MTN and the companies listed on the Ghana Stock Exchange and all international listed companies have millions of shares. So when you own a share,that means that you own a portion of that company so when the value of the company increases so does your stock price.  TYPES OF...
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Why Unemployed After School

 Off late people have been doubting whether going to school will be the solution or rather starting early on the street. Especially among the youth it has been a matter of controversy.  Arguably, being on the street with direct and quantifiable goals and purpose is no harm, likewise going to school with goals and aspiration in mind is a great thing. But as it stands now, especially in Ghana here, many of us (the youth) have lost hope in education, simply because thousands of graduates are unemployed. And the cause of this unemployment has been ascribed to lack of jobs in the country. Yes it is true, jobs are limited. But not to the extent that we may think. And why may I say that, several interviews with CEOs across the country have shown that there are more jobs in their companies but there are nobody to fill those positions. According to this CEOs, most graduates apply for work with no skills and abilities, except with their certificates. Thinking that it is enough for them ...
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The Secret To Financial Independence

  According to insurance industry statistics, of one hundred people who start work at age twenty-one, by age sixty-five, one will be rich, four will be financially independent, fifteen will have some money put aside, and the other eighty will be still working, broke, dependent on pensions. Why do you think this happens, it is not because the rest of the eighty people who go broke do not have higher paying jobs, or do not receive money from other source frequently.   There are more opportunities to achieve wealth and prosperity today for more people and in more different ways than have ever existed in the history of man. It has never been more possible for you to achieve financial independence than right now. But you must make a decision to do it, and then you must follow through on your decisions. But before I reveal to you the secret to financial independence, for just a moment, let ask ourselves, why do people go broke even though they worked all of their life time. The...
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Investing in Treasury Bills.

  In this post, I'm going to show you how you can legitimately make enough money whiles in your youthful age or probably in your adult stage. Most especially, we become frustrated due to the fact that almost all avenues we have employed to make ourselves rich turns outto be failure. The most disappointing part is that, sometimes we follow online networking schemes thinking that 'we have arrived', but in the end what we often hear is that, they are ponzi schemes (fraudulent). Below is an investment opportunities for both young and adults who want to have financial freedom in the near future. Investment in: 1. Treasury Bill.(T-bill) This refers to how governments finance their revenue shortfalls. Simply, it is a way by which governments borrow money on short term basis from the public to finance it's projects. In Ghana, the popular types of T-bill are; 91 day T-bill, 182 day T-BILL  and 364 day T-Bill. The longer the days the higher the interest you will receive. So for i...
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