A conversation with my cousin, He lost money to a MLM Scam

Welcome back,

In today's blog I will talk about the conversation that I had with my 16 years old cousin. He lives far away from me, but we are connected via social apps and as he is in 12th and will give boards, I don't disturb him.

So, I was talking about a social blockchain with him, and he suddenly asked me, "How much I will have to invest to get started?" and I told him that there is no necessary investment required to start.

Source

He then shared about how he lost around 700 Indian national rupees to a company recently. What I got to know after talking to him was that he invested in some MLM scheme.

I told him to never put money anywhere specially in companies like this where they promise a return on a daily or weekly basis because they are going to run away with the money someday or the other.

Here are few things that I would like to tell students of this generation, please read this carefully.

Source

When you are in your school it is better to just focus on your studies, everyone is not talented enough to work as well as study and manage the two as well. You will get plenty of time to earn money and so do not worry about that thing.

Stay in contact with a person who can give good advice to you about what you are doing as in my case it was me for my cousin who anyways did not share with me before investing his money.

Protect your saving, learn new things, and live your life to the fullest. Your parents want to see you shine and that is only possible if you dedicate yourself to studies and studies all alone.

Take care and Thank You