MMM: ROBBING PETER TO PAY PAUL?
That is what a lot of people against MMM are saying, including You! If not so, where is the 30% coming from? they ask.
I have news for you, if MMM’s 30% is “robbing Peter to pay Paul” then you need to stop putting your money in the bank because the 1% to 2% interest from banks is from other peoples’ deposits which according to you is “robbing Peter to pay Paul”. Do you think the bank can pay the tiniest interest if other people’s money is not involved?
What most people do not understand is that when you deposit your money in the bank, they immediately use your money in one or more of the following ways:
1. Allow another depositor to withdraw when they request to do so.
2. Give out loans to those seeking loans from the bank
3. Pay workers’ salary including bank managers, clerks, marketers, cashiers, tellers, cleaners, security guards etc.
4. Buy equipments needed for smooth operations like generator, computer systems, communication gadgets etc.
5. Sponsor the expensive lifestyles of bank executives including the next trip to America or Dubai.
6. Other running costs of the bank
Just imagine! Did you know this? See what our deposits are used to accomplish! Now, for the privilege of using our deposits in the above ways, the bank rewards us with 1% or 2% interest (up to 6% if fixed deposit) provided the money stays with them for over a month. Imagine! Just 2% after all that!
Consider this; you deposit 100k with your bank and after 2 weeks you return to withdraw the entire 100k. Question is do you think it is your actual 100k they gave you? NO! Your actual deposit has already been used in one or more of the ways mentioned above and the 100k they give you is because of fresh deposits the bank recently received. If you look closely, you will realize that banks can pay more interest than they give, but that means sacrificing the expensive lifestyle of the bank executives. Why will they cancel that next trip to Dubai because of you? Think.
However, in MMM the ONLY thing your money is used for is paying another participant due for payment directly, no middleman. There are no salaries to pay, no running costs, nobody collecting loans, no bank executive’s expensive lifestyle to support. So you can see that MMM can conveniently offer 30% rewards for your willing and generous donations to fellow participants. Therefore, whether 2% or 30% interest it all comes from the same source: other people’s money (OPM).
Now let’s talk about insurance companies. I believe they are the epitome of the so called “robbing Peter to pay Paul” allegation. How does insurance work? Suppose you insure your property against fire for 2 million naira and they charge you an annual premium of 20k. You faithfully pay your premium without fail, and then on the 6th month the unexpected happens, fire guts your property! After the usual investigation, the insurance company is satisfied you have a genuine claim, they pay you 2 million naira. The question is where did the 2million naira come from? Your personal payment is only 20k, so for those who still don't know how MMM makes their own money
Linda Ikeji's blog is the number 2,565 most logged in sites in the world, and every month google pays Linda Ikeji's blog a whopping $50,000. Just for the traffic of about 5m+ people she generated to her site monthly.
is the 1,506 most logged in sites in the world. Remember, mmmoffice.com
is the site that hosts every log in to MMM from over 200 countries that mmm is located.
Now, Nigeria has hit 1.2m+ participants meaning that an estimated 1m+ people log into their PO daily (sometimes 2 or 3 times in a day) from Nigeria along.
Calculate the amount of log in to MMM in other countries which is about 214 countries now.
Now if google pays no 2,565 an estimated $50,000.
How much will no 1506 most logged in sited be paid?
Me I don't know how much MMM is paid monthly at that price but am sure that it's more than $500,000 monthly.
This is how MMM makes their money.
They make it from traffics to the site.
Same way Lindaikeji's blog, bellanaija, nairaland, facebook, etc make their money. Thanks.
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