The word “investing” can sound really complicated and intimidating. Maybe that is one reason why so few Filipinos are actively investing in different investment instruments. I personally know many who think keeping money in savings accounts is the way to go, not realizing that inflation alone is eating up whatever interest is generated from savings deposits.
There are financial advocates who are now bringing the message of investing to the public with clarity and simplicity, but with a strong message. I call them financial evangelists and they have been giving workshops and going on speaking engagements for many years now. Their dream is to get more Filipinos into the investing mode. One of them is a good, good friend of mine – Randell Tiongson — who I consider a pioneer in this field, a columnist in his own right, and author of a best-selling book “Money Manifesto“. Randell is an original force behind ICON, an annual gathering of the best and inspiring speakers and advocates in the field of investing. I missed ICON 2014 last year because of time conflicts but I’m really happy to be able to go to ICON 2015 which will be happening this May 30, 2015 at the SMX Convention Center, Pasay City.
That gave me the idea to blog about pyramiding schemes as opposed to multilevel marketing because many times, people view these two as one and the same. Not quite.
Where they look similar
Both pyramiding schemes and multilevel marketing (MLMs) have a similar triangular structure where the base gets wider as each new recruit tries to recruit other members so that they earn from their recruits.
But there are more areas where they differ…
Taken from https://godshotspot.wordpress.com/2014/11/18/gospel-pyramid-scheme/