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Is Infinite Nest Egg a Scam System or Can You Really Make 900% Higher Gains? – [Review]

The Infinite Nest Egg investment system is claimed to be able to give you over 900% higher returns than ordinary investing and is also said to be 13 times safer than a buy and hold strategy. There are some bold claims made but are they really true? Is this the real deal or is Infinite Nest Egg a scam that is just going to be a waste of your time?

I’m guessing that you’re suspicious of the claims made or else you probably wouldn’t be reading my review of it right now. You probably watched the video presentation for this “system” and think that it sounds a little bit too good to be true. The truth is that it is a little bit too good to be true and that the marketing pitch for the product they are trying to get you to buy is a bit over-the-top and misleading. I still wouldn’t call this a scam. I would just say that is overly “salesy” and there is a bit of deception involved.

Infinite Nest Egg Review

Ted Bauman is the man behind this Infinite Nest Egg system. He promotes the system as a way to sidestep nearly all “financial escapement”, avoiding fees and playing safer investments.

He claims that him and his team did calculations for the past 10 years of market data and found that if you had used his system you could have made over 900% more than in ordinary investing, which would have provided you with over double the gains of Berkshire Hathaway…

He claims that their historical analysis shows that it is pretty much “recession proof” and that over the past 10 years it would have never lost you any money, even through the bad financial times. This is a point he brings up probably like 10 times throughout the presentation and honestly it was getting kind of annoying to me.

And of course the system only requires 10 minutes of your time each month and is so easy that a 12-year-old can do it, according to Ted.

So all in all three main points that Ted really tries to be into your head throughout the video presentation is that the Infinite Nest Egg system can grow your investments nine times faster than ordinary investments, is crash proof, and is simple to use…

But What Exactly Is This System?

Ted keeps referring to this Infinite Nest Egg as a “system” and at one point refers to as “a tool that eliminates the erosion of wealth”. I had to sit through probably around 30 ridiculous minutes of the video presentation before even getting a clue about what this really is.

So what is it? Well supposedly it’s a system that Ted and his team developed that “uses thousands of roles and strict data points” to analyze the market, identifying big shifts in the market and alerting the team so that they can make necessary trades. And apparently it specifically tells them what stocks to pull out of and where to reinvest the money.

Now is any of this true?

I am very hesitant to believe everything that is told in the sales pitch, mainly because I am familiar with Banyan Hill, which is the company behind this product and I know how misleading some of their products sales pitches can be. I just reviewed another investment opportunity called “Kennedy Accounts” the other day that they were behind which was very misleading.

And it certainly doesn’t help call my suspicions when I find that there are blatant lies within the video presentation. Remember near the end where Ted showed some pictures of people who are supposedly members of the system? Yeah will these are all likely completely fake.

The one guy named “Brian H” was ranting and raving about how great the system is but I performed a reverse Google image search for the his picture that was displayed in the video and found that it is everywhere online. Why is this? Well because it’s more than likely a stock photo that anyone can purchase online and use as they wish. This is not “Brian H” and all of the testimonials are likely made up for the purpose of promoting this system…

What You Are Buying Into… The Real Product

Basically as far as I see it Infinite Nest Egg is just a luring sales pitch to get you to buy into the real product being offered here, which is called The Bauman Letter. If you ended up making it through the whole video presentation in click to the button below the video then you what I found this out yourself.

So what is The Bauman Letter? In a nutshell it is an investment newsletter created by Ted Bauman and published by Banyan Hill, which is similar to Agora Financial. Ted has been involved in the financial world for years and has quite a bit of experience, much of which came from a position he once had as a financial consultant. Nowadays he works for Banyan Hill as a editor of several different newsletters. His particular area of expertise is in low risk investments, which this whole Infinite Nest Egg thing is focused on.

So what you are buying into here is a monthly newsletter that gives you investment advice. This newsletter specifically focuses on ETF’s so that you can save some money on fees. It tells you what to buy and what to sell and at what times.

Is there really the system or tool that Ted talked about in the Infinite Nest Egg sales pitch that identifies these good opportunities for him and his team? Who knows. All I know is that the newsletter provides fairly simple and straightforward investment advice. There is no proof that this system or tool exists but there is also no proof that it doesn’t.

What You Get

The cost of this newsletter is between $47 and $99 per year, depending on which package you buy.

At the core of the newsletter are the monthly issues. You will be provided with a monthly issue that will tell you what to do for that month what to buy and what to sell if any. If you blindly follow the advice given then it will only take you 10 minutes or so every month like Ted tells you in the sales pitch.

In addition to the monthly issues that you will get you will also be alerted of anything that requires immediate action, such as if a stock shoots up or down in price unexpectedly.

Conclusion.. Is This a Scam?

Well the Infinite Nest Egg sales pitch is without a doubt very “scammy” in some ways, but the product itself being sold here (The Bauman Letter) is not a scam. The Bauman Letter is a legitimate investment newsletter and I don’t see any real reason to think that it wouldn’t provide good advice. I wasn’t able to really find much in the way of reviews from members of this newsletter but things seem to check out for the most part. One member review that I did find talked about it in a positive light stating that it provides “nuggets” of information.

I just don’t understand why the video presentation has to be so darn misleading. If there is one reason why I wouldn’t buy into this newsletter the sales pitch would be it. It’s like they are playing me for a fool trying to get me to fall for the crap that was presented in the video. Why can’t they just present this product in a truthful and straightforward manner? Who know. This makes me wonder if any of the “900%” higher gains and “recession proof” claims are true at all.

But anyways… I hope you enjoyed this review and found it at least a little bit insightful. Please leave any comments or questions you have below and I will get back to you as soon as I can if need be 🙂

Investing

Is Technology Profits Confidential a Scam or Will It Make You Rich? – [Review That Isn’t Promoting It]

Technology Profits Confidential claims to be able to pretty much be able to make you rich, but is this really true? After all the sales pitches I have seen for this newsletter sound rather unbelievable to me and are probably enough to make anyone suspicious. Is Technology Profits Confidential a scam that is going to be nothing more than a waste of your time?

In this review I will be going over my opinion of it. What I say it’s a scam? No I wouldn’t go as far to say that. However I will say that the marketing practices used to promote this newsletter are rather misleading and might give you the wrong idea of what Technology Profits Confidential really is.

Technology Profits Confidential Review

Technology Profits Confidential is a newsletter subscription by Ray Blanco. Ray used to work as a network technician in a systems analyst before he got involved in finance, where he supposedly managed a fund at some wealth management firm that was over $30 billion in value. Now he is employed as an editor at Agora Financial where he provides investment advice via these newsletters.

Technology Profits Confidential is a monthly newsletter that provides advice on penny stock investments, particularly in the area of emerging technology. The goal behind this newsletter is to provide advice to investors and give them information on new investments that could potentially explode in price. Not many people know about penny stocks because they only usually exist when companies are still in their infancy. So the hope of this all is to give people the chance to buy into these penny stocks while the company is still small and then hopefully write out the wave of profit as they grow exponentially and become mainstream.

What You Get With a Subscription

The subscription cost between $49 and $89 depending on what package you buy. They all include the same thing, with the difference in price determining how you receive your newsletter, which can be electronically or electronically and by mail. The more expensive packages also include bonuses.

At the core of the newsletter are the monthly issues. You will receive a monthly report that details potential good investments. It will provide information on pretty much all aspects of the potential investments including the technology, company history, etc. In addition you will receive alerts on a weekly basis that keep you updated on the market and the stocks that you have your scope on.

Is It a Scam?

Based on what I have found the Technology Profits Confidential newsletter itself is definitely not a scam. The investment advice given is definitely a bit risky, due to it being in the realm of penny stocks, but this just comes with the territory. You could lose money following the advice and you also could profit.

However there are a lot of people calling this whole thing a scam… So why is this?

Well part of the reason is because the company that publishes the newsletter, Agora Financial, is well known for having horrible customer support and making it very hard to cancel subscriptions, as well as overcharging, double charging, etc. You can find all sorts of complaints about this online all over the Better Business Bureau’s website and on customer complaint sites like PissedConsumer where I found complaints having to do with Technology Profits Confidential in particular as you can see here…

*You can read my review of Agora Financial to find out more about them here.

And another major problem with this all, which is a big reason for many of the complaints against this, is the absolutely ridiculous and misleading sales pitches that they used to lure in new subscribers.

The “Scammy” Part of Technology Profits Confidential

The sales pitch that I had to listen to was about some “weird rooftop pod” that is supposedly going to put the cable companies out of business and provide much cheaper/faster Internet to the whole world.

One of the first things that I found suspicious about the sales pitch was that for some reason they kept telling me I had to get in before May 18. That was supposedly the deadline for some reason but they offered no clear explanation as to why. I also found it rather humorous that in the video presentation you could hear the “May 18” part was different from the rest of the presentation. It literally sounded like they had pasted a little voice over to say May 18.

My guess is that this whole May 18 stop is a bunch of BS. It’s probably just some false scarcity tactic used to try to get people to buy in as soon as possible. I bet when May 18 comes and goes they will switch this to another date later on.

But anyway, what is this “weird rooftop investment”?

What it is, is some new LEO technology that will provide Internet across the entire earth via satellites. This will be much faster and much cheaper than the current Internet infrastructure where service is provided with old copper cables in most of the US. And supposedly one private company owns the “exclusive private rights” to use this technology.

So pretty much the sales pitch is that Mr. Blanco is going to reveal the name of this private company if you subscribe to his newsletter. Which of course you’re definitely going to want to do because this new investment opportunity will make investors “very, very rich”.

How rich you ask?

Well Ray Blanco claims that you will be able to turn a single paycheck into $110,661. So just think about that for a second…

Wait a minute, how does Ray Blanco know how much I make in a single paycheck? Wouldn’t he have to know how much I make per paycheck to make a statement like this?

The truth is that he would have to know and that he doesn’t know. This is just one of many very misleading BS statements made in this ridiculous sales pitch. One of many.

The entire sales pitch is filled with lies and misleading information. If you saw this particular video presentation you may remember Ray talking about this farmer from Nebraska named Nick Schumann. During the presentation he showed a photo of Nick and his family, which I then did a reverse Google image search of and found that this is a fake picture. This picture is not of Nick and his family, it’s a stock photo that anyone can purchase at Shutterstock…

And there are more fake pictures and fake information given than just this. I did the same thing with one of the member pictures that was below the video. Below the video there is a bunch of member pictures along with quotes that they supposedly made about the newsletter. There was one guy named Tom Phillips that supposedly stated “I made about $35,000 in 10 days”. I knew this had to be fake because I already knew that half of the video presentation was fake so I ran a reverse Google image search of this guy too. Lo and behold I found that his image is also a stock photo that anyone can purchase…

Conclusion on Everything

I still don’t consider Technology Profits Confidential a scam itself, but many of the marketing tactics used are very scammy. I don’t understand why Ray Blanco has to pull this kind of crap to get subscribers. It just isn’t right to mislead people like this to get them to buy your product. But I guess this should be expected since it’s a publication of Agora Financial, which is notorious for pulling this kind of crap. I have reviewed many Agora Financial newsletters before including Real Wealth Strategist, Big Book of Income, True Momentum, etc , and they are all very similar with how ridiculous their sales pitches are.

But anyway, by and if you want to. Just know what you’re getting into you know that it isn’t the fairytale investment advice that the sales pitch leads you to believe it is. And if you have already bought it and want to leave a review all love to hear your personal opinion of it. You can leave any comments below…

"Get Rich Quick", Easy Money Scams

Is The AZ Code a Scam? – It Certainly Is…

Is The AZ Code a scam? Short answer: YES… its a scam without a doubt. Upon coming across the sales video for this system I knew it was a scam from the start. I have seen this kind of thing a thousand times before during my time working online and looking into “make money online” programs. I’m guessing since you are reading my review right now you were suspicious that it was just another scam as well.

In this review I’ll be going over why its a scam and exposing some of the many lies that they throw in your face.

The AZ Code Scam Review

The first thing I took notice to was that above the sales video it said that I can make up to $3,000 in commissions today from Amazon. $3,000 in a single day from Amazon…. Starting today!!??? Are you kidding me? How the heck is this possible? I knew this was impossible but it definitely grabbed my attention and sucked me in. I wanted to find out what load of BS this guy was going to tell me about how this system would be able to generate profits like this.

In the presentation video he (a guy supposedly named Andrew Peterson) then went on to talk about how people are making $10,000+ per week with this system, such as “Elanor Reeves of Oregon made $9,722”. And of course all of these people are making tons of money each day with minimal work all using this single secret website.

He also makes the bold claim that anyone can use this system to make $500,000 per year and that you can earn so much money that you never have to work again.

But is this all really true? OFF COURSE NOT. But you have to be careful here. They even show fake testimonial videos from people claiming that they are making tons of money with this. This is the first of the lies that I want to go over…

Fake Testimonials

As an example take a look at this guy below. You should remember him from the video presentation if you watched the whole thing. He claims to have made over $300,000 in 7 months with this system. But unfortunately this is not true at all. What he should be saying is that the scammers behind this program are paying him to say that he made over $300,000 in 7 months with this system.

When I come across obvious scam systems like this I always look into their testimonial videos to see if they check out or not. Its common to find that the people in these videos are paid actors that you can hire on the Fiverr.com website, such as how this guy is…

Does Andrew Peterson Even Exist?

The guy tells you his name is Andrew Peterson and that he is from Wisconsin but is this really true? He doesn’t give you any information about himself that you are able to look into and verify in any way, nor does he even show a picture of what he looks like. So pretty much you are just supposed to trust that he is who he says he is even though he just showed a bunch of fake testimonial videos where he paid actors to lie about using the system.

I have no proof that this particular “Andrew Peterson” guy doesn’t exist but I’m guessing that he is made up. Why? Because I have looked into and reviewed plenty of scams with fake creators that were completely fabricated all for the purpose of promoting some scam system…Money Sucking Websites, Free Biz Account, The Computer Geeks and many others do this kind of crap. This kind of thing is very common with scams because of course the real creators don’t want to tell you their name. If they would then you would be able to come after them after being scammed.

Fake Income Claims

Throughout the sales video there are income statements that keep popping up below the video with claims that people just made commissions on Amazon. Take this for example which says that “Darleen just made a $322 commission on Amazon”…

These are completely made up. It doesn’t make any sense how they would know what commissions are being made on Amazon from members of this The AZ Code system. I am a member of Amazon’s affiliate program and I’m the only one who knows how much I make. The information is private so this just makes no sense and I have seen lies like this plenty of times before with scams.

This System CAN’T Work

I don’t have to buy the system to know that it can’t work. They tell you that you can make $3,000 today with Amazon. This is an absolutely ludicrous statement to make.

What they are talking about is called affiliate marketing… which is when you promote products for companies (such as Amazon) and earn commissions when you help make sales. This is actually how I make a living and is a legitimate business model but to say that you can earn $3,000 the first day is crazy. I’ve been doing this since 2015 and I can tell you from experience that no one is able to do this when they just start out. To even make $1 within your first day would be a success when it comes to affiliate marketing.

Conclusion on The AZ Code – Scam

Did I try this system? No… so I guess I can’t say that its a scam with 100% certainty but I can say it with 99% certainty. Maybe you can make some money with this system but am I going to gamble and buy into it after seeing all the lies and misleading information they try to sucker people in with? Absolutely not.

This is your typical get rich quick scam that lures people in with the hopes of making super easy money online… and lots of it. As a role of thumb you should proceed with caution if something sounds too good to be true, which you did in this situation because you ended up doing a little extra research and coming across my review here.

If you want to learn how to start affiliate marketing the right way, which as I say is when you promote products for companies like Amazon and many others and earn commissions doing so then I would suggest Wealthy Affiliate. Wealthy Affiliate is the training program that I got started with back in 2015 and I’m still a member to this day… and I make a living doing this stuff now which goes to show that the program works.

You can read my Wealthy Affiliate review here for more info.

And please leave any questions or comments you may have below and I’ll get back to you soon 🙂

Investing

Is Dollar Trade Club a Scam? – My Review

Dollar Trade Club is an investment newsletter that comes from the editors Zach Scheidt and Alan Knuckman. Since you are looking up this newsletter and wondering if it’s a scam or not then I am guessing you came across a somewhat over-the-top sales pitch for it and are a little suspicious of the claims made.… Or at least this is what happened to me when I first came across it.

Is Dollar Trade Club a scam? Find out… in this review I’ll be covering a bit about the newsletter and what I think about it. I’m also going to talk about the one particular ridiculous sales pitch that I had to sit through before finding out that I was being funneled into buying a Dollar Trade Club subscription.

Dollar Trade Club Review

As I said Zach Scheidt and Alan Knuckman are the editors for this newsletter. Zach is a guy that I am familiar with because I have reviewed one of his other newsletters in the past called the Big Book of Income. He was a financial analyst for years, has managed $1 million hedge fund, and has books available on Amazon which have pretty good ratings. Alan on the other hand I am not familiar with but he seems to know what he is talking about as well and seems to be qualified to provide such financial investment advice. He has been a clerk, a floor trader, has been featured on FOX Business news and Bloomberg, Etc.

The Dollar Trade Club is specifically focused on penny stock and low value share investments that have potential to produce big gains.

I actually came across this newsletter after listening to a sales pitch about cryptocurrency investments, which I want to go over a bit in case you also were lured in with this pitch.

The Sales Pitch

The video presentation for the sales pitch was presented by Alan. It was all about the red-hot cryptocurrencies market and how “penny cryptos that have skyrocketed by 2,871%, 15,808%, or even 105,744% in just a single day.”, Which of course you can get into if you follow his advice.

The sales pitch drags on and on for quite some time. I was pretty confused at the beginning because he kept talking about investing in blockchain technology companies and was also talking about popular cryptocurrencies like Bitcoin, Ethereum, Ripple, etc. It was confusing to me because the majority of cryptocurrencies out there were not created by companies, with the exception of a few like Ripple. So I didn’t really know what was going on. He also kept mentioning investing in “shares” and “stocks” which would mean you aren’t investing in the cryptocurrency itself, but then he would talk about different cryptocurrencies. I don’t know this may seem confusing but I was really confused listening to the sales pitch throughout more than half of it And it was frustrating to me.

But he kept said how he will “show you how to get rich with blockchain” so I still wanted to wait around and find out what the heck he was talking about. He also made claims that this “Blockchain Investment Jackpot” he will be revealing can help you retire incredibly wealthy in less than a year and that it is some “investment secret”.

Finally It Makes Sense:

Anyways… Finally after probably listening to over 30 minutes of the sales pitch things finally started to make sense. The pitch that he is throwing at you is basically that you can invest in these different blockchain companies like 360 Blockchain and DigitalX Ltd. But things get even more confusing from here.

I did a little research on 360 Blockchain and they probably aren’t what you may think they are. It’s not like they are some blockchain company that creates blockchains or something like that. Instead they are a blockchain investment company. Basically what they do is invest in different blockchain projects that seem promising to them and then you go in invest in them. So in a nutshell if you were to invest in 360 Blockchain, which Alan gives you as an example, you would be investing in a company that invests in cryptocurrencies or blockchains.

What a Ridiculous Example:

Throughout the video he kept telling me you only need $50 to start… Only $50 to start with this investment, which is what he calls it the “$50 Blockchain Investment Jackpot”.

Then he gives you some absolutely ridiculous scenario where you could have possibly turned a small $50 investment into $1.3 million. In the scenario he showed you the money you could have made by investing in this company, writing the profit out and investing in another company, doing the same and then investing in another company, which eventually led to the $50 turning into $1.3 million. It’s true this example could have worked out but there are plenty of examples that I could come up with for being able to turn a little bit of money to… But of course you can’t predict the future so being able to do this before the stocks exploded in price is an entirely different story.

Hurry… You Have to Get In NOW!!! Not True

During the presentation he saying that this investment strategy will only work if you get in before May 30 because of some fin tech meeting that is happening in Europe, which he expects to cause blockchain stocks to skyrocket. However his theory behind this is not very convincing and there is absolutely no proof that this will happen.

Fin tech meetings happen all the time and you can’t expect things like this to just skyrocket. It’s not like he has some secret inside information or reason that this is going to happen… He just says he expects it to happen and you are supposed to take him at his word. The problem is that I see “false scarcity” like this all the time especially from sales pitches for newsletters that are published by Agora Financial, which is well known for the crazy over-the-top sales pitch type thing.

What This Is All About

Of course at nearly the end of the sales pitch, after getting very uncomfortable for sitting for so long, Alan finally got to the point and said that in order to get his advice on these seven blockchain stocks he is going to tell you about that could explode in price in the near future, you first had to sign up for a trial subscription to his Dollar Trade Club newsletter.

Basically all this “$50 Blockchain Investment Jackpot” sales pitch was just a way to get people to subscribe to his newsletter. The seven blockchain stocks that “could make you a millionaire” which he will be revealing to you is all free if you subscribe. So basically it’s an added bonus to lure in new subscribers.

What You Get

Besides the seven blockchain stocks that are supposedly secrets and that he hasn’t told anyone about, you will also get…

12 monthly issues of the Dollar Trade Club
Daily Market Videos
Stock Analysis
+ more

At the core of this newsletter are the 12 monthly issues. In each of these monthly issues he will provide a great deal of research on certain stocks that are on his radar and/or that you need to invest in. You will also receive email alerts when certain stocks should be bought/sold and if there is any urgent news that you should know about in the market.

Is It Worth Buying?

I’m not exactly sure how the trial subscription works, but I’m guessing that you will automatically be upgraded to the regular paid subscription after the trial period runs out. The prices of this newsletter run from $49-$89 based on what tier of membership you subscribe to.

Is it worth buying? Well from the looks of things and based on the research that I have done it seems that it very well could be worth the price. Alan seems to provide good information and knows what he’s talking about.

My only problem with it is the misleading sales pitch, or sales pitches, that lure people into buying this newsletter. I would like a lot more if they would just get to the point, present more truthful information, and not try to make the opportunity seem 100 times better than it really is.

And actually another problem I have with it is that it is published by Agora Financial, which as you can read about in my review here has tons of customer complaints and seems to be somewhat of a “shady” business in the investment world.

But anyway… Buy it if you want to. In my opinion it’s not a scam at its core.

I hope you enjoyed this review and found it somewhat helpful at the very least. Please leave any questions or comments you may have below and I’ll get back to you as soon as I can 🙂

Training

Is Insider Profit System a Scam or Is Jeff Davis’ System Going To Make You Rich? – [Short Review]

Insider Profit System claims that you can make it over $1000 in a day with just three simple steps. But of course we have all heard claims like this before and it seems like more times than not they are untrue. So is this the real deal or is Insider Profit System a scam that you need to avoid? This is the real question that needs to be answered.

In this review I will be answering exactly that. The truth is that this program is nowhere near as good as it sounds and I will be going over the reality of it. While you can make money with the system it would be incredibly unlikely that you make $1000 or more per day.

Insider Profit System Review

The system was created by a man named Jeff Davis, who is supposedly giving it away for free. And while this is true, the system really isn’t free. The part that Jeff is giving you is but you will have to pay to get the system completely up and running, which I will go over.

As a basic overview this is how the system works: you will be advertising in driving traffic to “lead pages” in which you will get people to enter their email addresses so that you can build up an email list. Then you will be promoting products to them through your email list and earning commissions when they buy the products.

This system is based around the business model “affiliate marketing”, which is where you promote other people’s products and earn commissions each time you help make a sale. I am very familiar with this business model because this is actually how I make a living online. At its very core of the business model is legit. Sites like Amazon, eBay, Walmart, etc. all have affiliate programs or they will pay people to promote their products like this. But there are also lots of affiliate marketing scams out there where people promote scam products that don’t work just to earn commissions.

The First Step of The Process

The first step of the entire process will be driving traffic to your offer. You will have your “lead page” that you are trying to collect leads with. You want to drive people to this page so that you can collect their email address which you will then be able to spam them with emails promoting products.

The way that Jeff teaches is paid advertising. What this means is that will need more money to spend just to get things going. And one thing I can tell you about paid advertising is that you can blow through a lot of money really fast if you are not careful. I’ve done Facebook advertising as well as Bing advertising before and wasted a lot of money with both before even breaking even.

How Do You Build an Email List?

Well Jeff gives you his system which does the part of capturing emails but you will still need an autoresponder so that you can build your email list and send out emails automatically to people on the list. For this Jeff tells you to sign up for a GetResponse account, which is one of the most popular autoresponders out there. What’s funny though is that Jeff tells you that you will need to sign up for a new account even if you have an existing one. This makes absolutely no sense and the reason he is telling you to do this is because he wants to make money off of you signing up. Of course Jeff is an affiliate marketer too… After all he is the one that created the system. So he wants you to sign up through him so that he earns a commission when you pay your monthly GetResponse membership fee.

What Types of Products Will You Be Promoting

Jeff refers you to the digital product sites Clickbank and Clickbetter. These sites sell all sorts of digital products, whether it be e-books, how to guides, programs for making money online, etc. . They are pretty well known for having many different make money online programs that are sleazy in scammy, many of which I have reviewed in the past including Auto Lotto Processor, which supposedly gave you the secret to increasing your chances of winning the lottery… Which is impossible by the way. And then there was the Viral Cash Application that I reviewed which was some stupid system that claimed people could get rich off viral traffic, which is true they “could”, but the system was a complete bust too.

These Clickbank and Clickbetter sites are marketplaces kind of like eBay but limited to only digital products. Anyone can create their own digital product and have it sold on these different websites. So you will find many different products that you are able to promote and earn commissions off of.

Conclusion on Insider Profit System

I have seen plenty of systems like this out there before. They are free to use but the owner makes money off of you because he pushes you to buy certain products/services which he is promoting and earning commissions doing… Which is how the system works. Just as he is teaching you to promote products and earn commissions with the system, he is doing the same off of you.

Overall the system is very basic and not something I will be buying into. Paid advertising isn’t something you want to get into it unless you really know what you’re doing and this system doesn’t really seem to give very much training in this realm. The training here is literally all stuff you could easily find on YouTube for free.

Join if you want to but this is not the quality type program that is going to have you making thousands of dollars per day like a claims to be. I’m guessing you were suspicious this was the case which is why you decided to read my review in the first place. If there was only one program I could recommend for beginners it would be Wealthy Affiliate. This is an affiliate marketing training program and happens to be where I started out back in 2015 when I first got involved with affiliate marketing… And I’m still a member to this day. You can read my Wealthy Affiliate review here for more information on if you’re interested.

If you have any questions or comments please leave them below and I’ll get back to you as soon as I can 🙂

MLM's

Is World Ventures a Pyramid Scheme? – What You Should Know

World Ventures claims to be a community of fun, freedom, and fulfillment. But is there more to the story than just this? What’s the deal with all the members trying to recruit other people to join? Is World Ventures a pyramid scheme that you should avoid?

In this review I will be going over how this business model works and whether or not it’s a pyramid scheme. I am not affiliated with this company in any way so I’m not going to try to make it seem better than it really is. In fact there is a major downside to this type of business that I will be going over… Which is something that members aren’t going to tell you more than likely.

World Ventures Review

World Ventures Is a travel MLM company that plans what they call “dream trips”. Basically it’s a company that plans vacations for people… That’s pretty much it.

They have two different memberships that you can join at, which include:

Gold Membership: $200 + $50 per month
Platinum Membership: $300 + $100 per month

Now whether their memberships are worth the price is a debate for another day. From what I have seen and reviews I have read it seems that the prices are pretty darn steep when you look at what they provide you. Their “dream trips” don’t really seem to save you much money, and personally if are going to go on vacation I would rather plan my own trip… Because I think I could save more my own.

But anyways, I’m not here to review the actual membership services that World Ventures provides, I’m here to review the business opportunity which many people are calling a pyramid scheme.

World Ventures is a direct sales business. This means that they rely on independent representatives to sell their memberships. This is what they push members to do to help cover their own membership cost. The membership cost is obviously very expensive and the solution they give you is to recruit in other members to help cover your costs and more.

Anyone can become one of these independent representatives and earn money doing this. As an independent rep you will earn commissions from the initial sale as well as the monthly membership that your referrals pay. But there’s much more to it than just this… Independent reps can also earn commissions from independent reps beneath them, and beneath them, and beneath them, and so on.

A Look at How You Make Money

If you join World Ventures and decide to start promoting the business to other people in order to make money you will first be able to earn in two different ways: through direct commissions and personal sales bonuses. Direct commissions are commissions from the membership sales you make directly to customers. So when you sell a membership you get paid a commission and you also get commissions from the monthly membership price that the particular customer pays. And the personal sales bonus comes in when you make three sales within 30 days.

But there is a heck of a lot more to the compensation plan than just this. There are many different promotional levels, or what I call ranks, within the compensation structure. When you first join you will be considered an Enrolled Rep and once you become active you will be considered an Active Rep, and at both levels you will only be qualified to earn direct commissions and personal sales bonuses.

But as you move up the ranks you will be able to unlock more parts of the compensation plan. As you can see in the table below, once you reach the rank of a Qualified Rep you will be able to earn many more commissions and bonuses…

And there’s plenty more where this came from. This is just to give you an example, but there are many more ranks including Senior Rep, Director, Marketing Director, Regional Marketing Director, and National Marketing Director, all of which unlock more of the compensation plan and allow you to earn more.

If you see people in this business making tons of money, this is why. They are able to do this because of the recruitment based structures that are in place. World Ventures has both a uni-level and a binary compensation structure in place. I’m not going to be getting into how these work too much, but the basics of them are that you will earn commissions from the independent representatives beneath you. So you can earn commissions from the people that you directly recruit in (level I), from the people that they recruit in (level II), from the people that these level II people recruit in (level III), and so on.

While you definitely can make money by selling products directly to customers via direct commissions, the big money is made with recruitment of other independent reps. It’s all about building up your downline and having commissions flow up to you from many different independent reps beneath you. And of course this is the reason people were calling this a pyramid scheme.

So Is It a Pyramid Scheme?

It can be difficult to determine what businesses are pyramid schemes and what aren’t. MLM’s can be legitimate. There is nothing illegal about having a recruitment based compensation plan like this. The problem comes in when the business relies too much on recruitment of other independent representatives rather than membership sales to the general public.

I have seen a lot of really “shady” MLM businesses over the years that rely on recruitment a heck of a lot and still operate legally. Because of this and because of the fact that World Ventures has been around for quite some time, I wouldn’t call it a pyramid scheme.

They do have a legitimate business that sells legitimate travel deals and while the business does place a great deal of emphasis on recruitment of new members, they seem to know what they are doing and seem to be operating within the legal boundaries.

Might Be Legal But Is It Worth Joining?

Now just because I say that this business is not an illegal pyramid scheme does not mean you should go out and join. Remember at the beginning where I said there is a major downside to this type of business?

The downside is that with MLM’s like this it is very difficult to make money. They have a pyramid -like structure where money flows from the bottom of the pyramid up into the pockets of those at and near the top. What this does is creates a very uneven income distribution where those of the top or reaping most of the rewards, while those at the bottom are having money that they could be possibly making taken away from them and given to those above them in the form of commissions.

And as we all know with a pyramid -like structure such as this, the overwhelming majority of people are at the bottom. This means that the overwhelming majority of people will find it more difficult to make money with a compensation structure such as this. So while the business opportunity may seem incredible, and they might make it seem like the best path to financial freedom, this is a major downside. This is the reason that MLM businesses have such high turnover rates… THEY ARE NOT EASY!!!

I review MLM opportunities like this quite often, Zija International, Rodan and Fields, Youngevity, etc…. and when I do find ones that disclose their income statements, I always find that the vast majority of people make a very little money.

Conclusion on World Ventures – Join or Not?

Whether or not it would be worth it to join is completely dependent on you. There are people that really excel with MLM businesses like this but as I said most people do not. The bottom line is that to really excel you are going to have to recruit in lots of people and do so continuously. If you think you have what it takes to do this then go for it but if you don’t then this might not be a great choice for you.

Personally I would never be any good with MLM opportunities such as this which is why I avoid them altogether.

If you are like me and don’t think that an opportunity like this is right for you then you might want to take a look at how I make money online. You can read my “make money online guide” where I explain what it is I do, how it all works, etc. for more info.

And of course leave any questions or comments you may have below. I’ll get back to you when I can 🙂

Transcription

Is Scribendi a Scam or a Good Editing Job? – [Short Review]

If you are looking to make money from home as an editor then Scribendi is one of your options. But is this place a very good option? Or is Scribendi a scam that is just going to be a waste of your time?

Well I can assure you that they are not a scam. They are a legit company that will pay you… however there are a few downsides and complaints to this job. In this review I’ll be going over it all including how the job works, the pay, complaints and more.

Scribendi Editing Job Review

Scribendi provides editing and proofreading services for English documents. They hire editors to work both remotely and in their offices. The remote editing position seems to be what most people are interested in because of the freedoms that come with it and it seems that this position is more readily available.

With the remote editing position you are able to work from your home and work when you want to. Scribendi receives documents that need proofread + edited and this is exactly what you do to them.

What The Job Is Like

At Scribendi you get to work when and how much you want to, as long as you meet their requirement to do 10,000 words each month in order to stay active. You will be able to skim through a board or different jobs that are available and pick what you want to do.

If you are new to this, which I’m assuming that you are, then you will likely be stuck with editing ESL papers and technical documents. Much of the editing will be done for academic papers and what this means is that there is more work in the school year than during the summer time, which you can look at as a downside.

After you complete an editing job you will submit it though the Scribendi back to the client. They will then be able to take a look at what you have done and either accept it, reject certain changes, or reject the whole darn thing and ask for a refund, which is a major complaint that I will be going over in the next section.

The pay can be good or bad. There are 3 things you need to take into consideration when looking at the pay: The turnover rate (how fast you get the job done), the length of the paper (longer documents can pay more per word), and whether or not the client accepts your work. I have read reviews from people claiming to make as much as $20/hr while I’ve read other reviews of earning only around $5/hr on average. Generally speaking it seems that most people are earning less than $20/hr without a doubt.

Complaints

Low Pay

Pay really varies a lot and depends on how fast of an editor you are. You get paid for the projects you complete so the faster you complete them the faster you get paid. The problem is that many people just aren’t cut out for this job and don’t make much. I’ve read over reviews on sites like Glassdoor of people claiming they make as low as $5 per hour on average…. which is insane.

The pay also depends on the length of the document. So some projects will pay more per word than others if I understand this correctly.

Clients Have All The Power

After you edit a project and submit it back to the client it is their job to look it over and see if they approve of the work. If the work is no good they can reject it and if this happens you don’t get paid. Unfortunately clients seem to be abusing this ability and Scribendi gives them what they want.

I have read over some reviews where remote editors were really upset by this. They claim that Scribendi doesn’t even contest clients’ rejection/refund requests and don’t take into consideration anything except what the client is asking for. They don’t consider the fact that the original paper might have been a load of trash and that it needed a miracle, not an editor. Some clients seem to have absolutely ridiculous expectations and expect an A+ paper no matter what piece of crap they throw at the Scribendi editors.

From an Ethical Standpoint…

One complaint that I have regards the ethics of this job. Much of what editors are doing is correcting academic papers for students, many of which speak English as a second language. Its nice and all but is this really the right thing to do? This helps them get better grades when their writing abilities have not improved and is not allowed in schools (at least as far as I know).

Additionally, it would be nice if you could help people out by providing feedback so they know what they can do to improve the next time around. From what I’ve read Scribendi tells editors to just correct the projects and not to provide feedback on what they can do better.

Conclusion on Scribendi – Is It Worth Your Time?

Scribendi is definitely not a scam. They have been around since 1997 and do what they say they do. If you do hear people calling it a scam its likely because of how they tend to cater to the clients’ every desires even if they make no sense and screw over the editors. There are a lot of people that are really upset with them from this kind of thing and rightly so.

Some people seem to like the job while others seem to hate it. There are a lot of varying reviews when it comes to the overall opinion of things so if you were thinking about applying I would suggest reading over the editor reviews on sites like Glassdoor, Indeed, etc. Also you are going to have to make sure they have positions open in the first place on the Scribendi jobs page.

Transcription jobs like Babbletype and Transcribe Me might be something else you want to look into, although you won’t make much with them.

And before you leave you might also want to take a look at how I make a living working online for myself. You can read my “make money online guide” here where I explain what I do, how it all works, and what I consider to be the best way for beginners to get started is.

Don’t forget to leave any questions or comments below and I’ll get back to you as soon as I can 🙂

Investing

Are “Kennedy Accounts” a Scam by Jeff Yastine? – Please Read This Review First!

Recently I came across a video presentation for what Jeff Yastine calls “Kennedy Accounts”, which he claims to be a much better investment opportunity than IRA’s, 401(k)s, and every other retirement account out there. But is all this talk really true? Or is it just a bunch of hoopla that you should avoid?

The big question that you are probably asking yourself is whether or not this is all a scam…. is Kennedy Accounts a scam or is this the real deal? After watching the video presentation and doing more research on this I knew I had to write a review of it. Why? Well because what he tells you and the reality are two different things. This has got to be one of the most over-the-top sales pitches I have ever heard and I’ll go over why… not to mention there a few blatant lies that he tells you.

Kennedy Accounts Review

There are probably multiple different presentations for this opportunity but above the video presentation that I watched it stated that these Kennedy Accounts investment opportunities have been “hidden from everyday Americans for 54 years”. It also claimed to reveal a secret that can “turn a small stake into as much as $1.19 million starting on April 28th” and was supposedly called “Wall Street’s Best Kept Secret” by some anonymous former hedge fund manager. Lots of claims but are they true?

In my opinion most of what you are being told in the presentation is probably a bunch of BS. You are probably thinking the same thing right now too, which I’m guessing because you are reading my review right now to see if this is legit.

The reason I doubt that some of the bold claims made are even true is because most of what is said is simply stated with no evidence to back it up. Jeff Yastine claims that a “former Wall Street trader” called this an opportunity where you can “turn pocket change into millions” and that a “financial insider” called this opportunity “the last remaining break for small investors”. All of these quotes (which there are more of) are given by anonymous sources. So there is no way for me to look into them to see if they are real or fake.

But I’m guessing they are fake because I found some other information given which I can prove to be fake.

The People Jeff Claims Have Made All This Money With “Kennedy Accounts” Are Not Real

Yes you heard me right…. they aren’t real.

One example he gave in the video presentation was a woman named Denise Wilks who supposedly stumbled upon this “Kennedy Accounts” secret while reviewing wealthy people’s taxes working at the IRS. She supposedly was able to grow a $1,841 investment into $10 million.

The problem here is that the image shown is a fake. I did a reverse Google image search for the woman pictured in the video and found the same darn picture (well… half of it) published on a different website over a year ago…

Then take a look at this example he gave: Supposedly this “Samuel Murphy” guy, who is a postal worker, turned $45 into $60,000 with this method. The problem here is that I also did a reverse Google image search for his photo and found the same darn photo on a website about dating… funny…

So the question is: Is this “Samuel Murphy” guy really a postal worker that turned $45 into $60,000? Or is he a relationship expert that is giving women advice on dating younger men??? (joke).

But seriously… the pictures that Jeff presents to you of these people are likely stock photos that creators of this video presentation bought. Anyone can buy stock photos online and use them as they please. The pictures are not who Jeff tells you they are and because of this I don’t think any of this information is trustworthy… but of course you can form your own opinion of this, I’m just presenting you with some information worth knowing.

What Are “Kennedy Accounts” Anyhow?

“Kennedy Accounts” is just a term made up by Jeff… I guess because its catch and helps with the sales pitch he is throwing at you, which reminds me of the “Freedom Checks” sales pitch I reviewed recently. In reality these Kennedy Accounts are really just Direct Stock Purchase Plans or DSPP’s. And DSPP’s are investment plans that allow people to buy stock in a company directly from that company without having to go through a broker.

Jeff tells you that Kennedy supposedly passed a law during his presidency that brought DSPP’s about as a way to stimulate the economy. However, this appears to be a bunch of horse shit. I did some research on this and found that DSPP’s were originally introduced in the 1950’s by companies, which I found on the investment guidance site StreetAuthority. John Kennedy didn’t become president until 1961 so unless he used a time machine or something this would be impossible.

But anyways… DSPP’s can be better investment choices than what you typically see because you eliminate the middleman. You invest directly and don’t have to pay a broker commission fees. Additionally Jeff tells you that the dividend payments you receive from your DSPP stock investments will automatically be reinvested for you, buying you more stock. This can lead to a snowball effect of higher dividend payments and more stock purchases.

So yes… DSPP’s are a real thing and you can make money with them… .but what the heck is all this “Kennedy Accounts” stuff really about?

Whats Really Going On Here…

Whats really going on here is Jeff is trying to get you to buy his Total Wealth Insider newsletter subscription where he will give you his top 5 picks for dividend reinvestment stocks.

* As a side note: This Total Wealth Insider newsletter is published by Banyan Hill. They are know for this kind of ridiculous sales pitch type of thing just like Agora Financial.

The price for this subscription ranges from $49 to $129 depending on what subscription level you choose.

Is this price worth it? Well I don’t see why not… I mean just take a look at this insane guarantee that Jeff makes…

That’s right… Jeff claims that if his advice doesn’t give you the chance to make $10,000 in profit he will refund your subscription.

This is one of the most misleading statements I have ever heard, which I should have expected after watching the video presentation. A chance to make $10,000 tells you nothing. You could make $10,000 off of a 1% gain if you invested $1,000,000 to start with. But if you only have $100 and make that same investment you will only make $1… So this is VERY MISLEADING.

Conclusion on Jeff Yastine’s Kennedy Accounts and Total Wealth Insider

Is this a scam? I wouldn’t go as far to call it a scam but at the very least the information given is very misleading and lures people in with the hopes and dreams of making insane profits… which isn’t likely.

Will Jeff’s advice in Total Wealth Insider be able to make you money? Probably… but will you turn $45 into $60,000 like that fake postal worker he showed in the video presentation? Not a chance.

Jeff seems to have a good background. He has decades of experience as a financial journalist and one of the most notable jobs he had was as an anchor on PBS’s Nightly Business Report. So this guy does know his stuff…. its just the very misleading sales pitch that he throws at me like I’m an idiot that upsets me.

Should you buy his newletter? That is a question for yourself. I’m not going to buy it but this is just me.

Anyhow… I really hope you enjoyed my review and I hope I helped you out a bit. Please leave any comments or questions you may have about any of this below and I will get back to you soon 🙂

"Get Rich Quick"

Daily Banner Profits – Another Scam Ad Flipping System

Daily Banner Profits claims to be in automated “ad flipping” system that supposedly can make you an extra $2000 per day. But is this really true? After all the video presentation for the system does resemble other scams very closely. So is this the real deal or is Daily Banner Profits a scam that you are just going to lose money with?

I’ll jump straight to the point here and tell you that yes this is a scam… Without a doubt. In this review I will be going over why it’s a scam and why you need to avoid it. I’m guessing you already had your suspicions of this system which is the reason you are reading my review in the first place. Luckily for you that gut feeling of yours paid off. Trust your gut more often, when something seems too good to be true it probably is and this is one of those cases.

DailyBannerProfits Review

The Daily Banner Profits system is supposedly created by a guy named Dave Johnson and he claims the system can make you an extra $2000 per day. He claims that himself and a partner that works at some multibillion-dollar advertising company “cracked the code” to profiting in the online banner advertising industry. And this “breakthrough technique” that they came up with is what this software is based on.

Apparently this Daily Banner Profits software flips ads for you, buying the banner ads at low prices and selling them at higher prices. Other than the fact that just about everything to do with the video presentation seems a little bit “Ifscammy”, it’s also a major red flag that this system is based around “ad flipping”. Why? Well because there have been a lot of these automated ad flipping scams popping up lately including some that I have reviewed like Free Ad Cash System, Bitcoin Advertising, and ones that are possibly scams like Banner Bit.

Who Is Dave Johnson?

One of the first things I want to point out is that this guy “Dave Johnson” is a complete ghost. There is no information given on him and there is no way for me to look into his background see if he is legitimate or not. I’m guessing that this guy doesn’t even exist. I know there are plenty of people with the name Dave Johnson out there but what I am saying is that this particular Dave Johnson is fabricated for the purpose of promoting the scam system. I review scams all the time and is more common than not for the the creators to make up names for their promotional material. The reason for this is because they know that people are going to be getting extremely upset once they find out they have been scammed and they don’t want to have to deal with the backlash.

Limited Availability… Hurry!

The next telltale sign of a scam that I noticed was how in the presentation video he tells you that you are one of a very select few number of people to be given the invitation to try out the software. He claims that any 20 people have been selected but this is all a bunch of BS. He also tells you that if you click away from the video the link will expire and you will never be able to see the video again. This is something that you can easily test out for yourself and see that it is not true in the least. This is all just another common characteristic of a scam where they try to make the situation seem urgent so that you buy in as fast as possible without doing the proper research and coming across reviews like mine… Which you didn’t fall for.

“This Is Not One of Those Scam Systems”

One thing that I found humorous in the presentation video was when he then goes on to make fun of scams out there saying that there are scams all over the internet that claim to make you millions of dollars while you sleep… and of course this system is not one of those. I guess making $2,000 per day with a push button system like this is not far-fetched according to Mr Dave…

“There Is Nothing For Sale Here”

Because you are one of the lucky 20 people to be invited to try out the system (allegedly), you are allowed to try it for free. Dave tells you that there is nothing for sale here. They do not collect commissions or take money from you in any way, but as you will see it is not completely free. It is not free to get started with as he leads you to believe it is.

Fake Testimonials

Something else that you should know is that the testimonials for this system are fake. For example this guy below that was talking about how much money he was making with the system is not a real user. He is a paid actor that can be hired on the Fiverr website…I’ve seen him many times before in other scams making fake testimonial videos.

How They Scam You

If you end up clicking through to the second presentation video you will find out that the system is not free. Well I guess the system itself is free, but it is not free to get started with as you are led to believe. In order to begin using the system you must first deposit $250 into your ad flipping account.

To do this you will be referred to a broker, which is unregulated and cannot be trusted. This is where you will lose your money. These scam systems work with scam brokers and get paid commissions for referring new investors to them. That is the whole reason behind the system.

Conclusion on Daily Banner Profits – SCAM

Daily Banner Profits is a scam without a doubt. Whenever I look into opportunities like this that I am suspicious of from the start, I go in with the mindset that is already a scam and I am looking to be proven wrong. In this case there was nothing that proved me wrong or nothing that made me think I was wrong even in the slightest. Everything about this system just makes me believe more and more that is a scam.

There is nothing about the system that can be proven. We don’t even know if it exists and it more than likely doesn’t judging from the fact that there have been multiple other nearly identical scams recently.

Join if you want to and try out the system but this is definitely not something that I would recommend ever doing. And if you do or already did, and are having trouble getting your money back you may want to get some extra help from a service like MyChargeBack which helps people retrieve their money from scam systems like this.

If you want to know something that I do recommend then I suggest taking a look at my “make money online guide”. In this guide I will show you exactly what I do to make money online, how it all works, and what I consider the best way for beginners to get started is.

Please leave any of your questions or comments below and I’ll get back to you when time permits 🙂

"Get Rich Quick", Easy Money Scams

Is My Life Change 247 a Scam? – It Sure Is!

My Life Change 247, or MLC247, is an investment opportunity that claims people can make 75% monthly compounded income from a small initial investment. But is this really true and what’s the deal with all the people recruiting others in? Is this a pyramid scheme…. a Ponzi scheme? Is My Life Change 247 a scam that you need to avoid? After all the controversy surrounding this company such as the government investigations and the Bank of Nambia warning investors to avoid it, these are some logical questions that need to be answered.

In this review I’ll be going over what you need to know about this place. The truth is that YES it is a scam and if you were thinking about joining you are going to want to think again.

My Life Change 247 Review

MLC247 calls themselves a “donation program”, but really it’s nothing more than a Ponzi scheme.

How it works is you make an initial investment and then supposedly earn 75% monthly compounding income off of that initial investment. How can this possibly work out? The answer is that it can’t… Well at least not legitimately. They don’t come straight out and tell you that it’s a Ponzi scheme, but why would they? That would just scare investors away.

But a Ponzi scheme is the only logical conclusion you can come to when questioning how this system is able to pay out members so much money.

A Ponzi Scheme Indeed

Just think about it. You could invest R200 and within six months supposedly end up with 28,722. You can see below how the income would compound month after month all stemming from an initial R1000 investment…

1 Month = 1750
2 Months = 3063
3 Months = 5359
4 Months = 9378
5 Months = 16,413
6 Months = 28,722

On top of this they also pay referral commissions so that the new investors keep flowing into the program. The referral commission structure is set up in a pyramid -like fashion, meaning that you can recruit new investors in and earn commissions off of their investments, and earn commissions off of the investments of the people they recruit in, and off of the investments of the people that those people recruit and, and so on.

The referral commission structure goes 4 levels deep. So the people that you directly recruit in will be your level 1, the people that they recruit in will be your level 2, the people that those people then recruit in will be your level 3, and the next line of recruits will be your level 4. You will earn the highest commissions off of your direct referrals and will earn less on levels 2, 3, and 4 as you can see here:

Level 1 – 10% commissions
Level 2 – 2%
Level 3 – 2%
Level 4 – 2%

These Systems Never Work Out

Some people make a ton of money from Ponzi schemes like this but in the end they never work out. They are always doomed from the start based on the fact that they provide no value. They don’t sell any real products or services and their entire operation relies on the steady flow of new investors coming in. And when these new investors stopped coming in or the flow slows down, the roof caves in on the entire operation.

When Ponzi schemes collapse the overwhelming majority of investors lose money. This is how it works with every single Ponzi scheme that has ever existed. There are always many more investors on the bottom of the pyramid -like structure then at the top. The investors at the top have likely recouped their initial investment but all those investors at the bottom are going to be out of their money, and likely with no chance of ever getting it back.

I review scams like this all the time. For example recently I looked into the Ryna Holdings probable Ponzi scheme and then there are lots of different cryptocurrency Ponzi’s going around right now like Supreme Power Coin.

Too Late To Join Now

It appears to me that it is much too late to join MLC 247 at this point in time. This Ponzi scheme is on its way downhill and it is going fast. To stand any real chance of making money with a Ponzi scheme like this you have to be one of the early investors. As I just went over above, the overwhelming majority of investors are late to the party and end up losing money.

So if you do want to capitalize on these types of schemes you have to get in very early… That’s the bottom line. But of course I do not recommend anyone join these type of destructive schemes because all they do is hurt people. A lot of people lose a lot of money in these things and that is why they are illegal. So do yourself a favor and avoid known Ponzi schemes or operations that appear to be Ponzi schemes because all you will be doing is hurting other people not to mention the fact that you will likely lose money yourself.

Conclusion on MLC247

These types of Ponzi schemes are always the same. They always claimed to provide some life-changing financial freedom and it all seems like a fairytale. The income that they claim to provide is not realistic by any legitimate means and is certainly not sustainable.

I know these types of things may be very tempting to join because you might hear stories about people making tons of money with them, which some people do, but what you have to keep in mind is that the people that do make money with these things are very few and far in between.

Anyway, I hope this quick review has been helpful and I hope it has given you a better big picture of what is going on here and why you should avoid this scam program.

Before you leave be sure to leave any questions or comments you may have below. I will gladly get back to you as soon as I am able to 🙂

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