I know that every work at home mom wants to spend more time with their kids and doesn’t want to take a part time job, so the Internet is a blessing when it comes to making money from home.
But there is one important thing you should know …
I am going to show you the biggest scam to avoid so you can save yourself thousands of dollars and hundreds of hours from this one particular scam called High-Yield Investment Program (HYIP), also known as Pozi scheme.
This is how HYIP works: the company promises you some big money if you invest just $100. The HYIP company will give you $500 at the end of the month. But that’s not all.
Most of the time they’ll pay you a percentage of the money you invested. For example, 50 percent growth per day. So you earn 50 dallars per day if you invest in $100. Can this be true? Yes but it’s a big scam because everything goes crashing down.
The reason why people fall for this scam is because it sounds so enticing — another get rich overnight scam that makes owner rich and the so called “investers” — you, the work at home moms — poor.
And guess what? People still fall for HYIP scams because greed is part of human nature. There are other ways to make a money but High-Yield Investment Program isn’t one of them.
For example, back in 2005 when there was this very popular High-Yield Investment Program on the Internet. Everybody was investing hundreds of thousands of dollars into it until one day the website close down.
People went broke — some literally went homeless, from what I can remembered. The owners of the website actually got arrested for this Ponzi scheme and I haven’t heard about them since.
Don’t forget to avoid High-Yield Investment Program like a plague and look for legitimate ways to make money online.