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Lvl 43: I Was Gonna Get a Job Then I Got HYIP
High risk. High reward. So high.
Shut up and get HYIP!
People look at HYIP and will say sounds like a ponzi scheme" or "sounds like a scam."
While that's true, people involved in the HYIPindustry understand that.
It's like telling a smoker that smoking is unhealthy. We know that sh*t. We just like it.
This episode is to be a guide and introduction of sorts into a lazy passive income method.
Let’s get HYIP together, man.
What is an HYIP?
HYIP stands for High Yield Investment Program. It’s a program that has a very high risk and a very high reward.
Welcome to the Scam Industry.
The way we make money is by someone else's loss. That's the nature of the game.
Think about it: Every time you "cash out", you yourself are stealing from someone who won't be able to cash out in the future.
Everyone that makes a profit is technically a "scammer" to those who are at a loss.
No HYIP will last forever. Some a few days, some a few weeks, some even a few years. But in the end, they’re all set up to fail.
It’s not a matter of IF it will scam, but WHEN
Every HYIP has a STORY (a fictional one at that)
Types of HYIPs:
Traditional a classic ponzi scheme where you earn high interest within a certain time frame
Matrix: wait “your turn” to get paid, with no fixed time frame (I avoid these ones)
RevShare: buy ads with “cash back”
Are ponzi schemes bad?
Not necessarily. It’s just a game you gotta know how to play.
The American government bond system is one of the biggest ponzi schemes ever.
Principles of Successfully Profiting from RevShares:
1) NEVER invest more than you’re willing to LOSE
2) Get in Early. Get Out fast.Just like James Bond in his dating life. Cash out your seed money ASAP then play with the profits.
3) *Trust no one. *Do NOT join an admin’s second (or third or fourth...) program. If they scammed once, they’ll scam again (Exceptions: you can use profits from the admin’s first program to play in the next one or you never joined any previous programs from the admin)
Key Terms:
BEP: Your “Break Even Point”. Cashing out 100% of what you initially invested in a program.
ROI: Return on Investment. The percentage amount you earn.
Seed Money: The original amount of money that you invest into a program
Compounding: using the earnings your account balance to purchase more ad packs to build your account
RefBack: Referral Commission Back an offer your sponsor may offer for signing up using their ref link. Typically, they’ll share part of the ref commission they receive with you.People come to this sub and will comment saying "sounds like a ponzi scheme" or "sounds like a scam."
Gr8 Game Room
We also enter the “Gr8 Game Room” talk about Nintendo’s new upcoming app called Pokemon Sleep as well as catching the sleeping Pokemon, Snorlax and Slakoth in special events in Pokemon Go.
How to Build a Website - The Fast, Easy, and Cheap Way:
https://www.procrastin8r.com/podcast/14
Why sleep is freaking awesome
https://www.procrastin8r.com/blog/sleep
*Disclaimer:
Pokemon and the theme song are owned by Nintendo. The song is as a parody and is not intended to be a copyright infringement.
Make Money Listening to Podcasts with Podcoin:
www.podcoin.com
View all episodes
By Nate ZeramboHigh risk. High reward. So high.
Shut up and get HYIP!
People look at HYIP and will say sounds like a ponzi scheme" or "sounds like a scam."
While that's true, people involved in the HYIPindustry understand that.
It's like telling a smoker that smoking is unhealthy. We know that sh*t. We just like it.
This episode is to be a guide and introduction of sorts into a lazy passive income method.
Let’s get HYIP together, man.
What is an HYIP?
HYIP stands for High Yield Investment Program. It’s a program that has a very high risk and a very high reward.
Welcome to the Scam Industry.
The way we make money is by someone else's loss. That's the nature of the game.
Think about it: Every time you "cash out", you yourself are stealing from someone who won't be able to cash out in the future.
Everyone that makes a profit is technically a "scammer" to those who are at a loss.
No HYIP will last forever. Some a few days, some a few weeks, some even a few years. But in the end, they’re all set up to fail.
It’s not a matter of IF it will scam, but WHEN
Every HYIP has a STORY (a fictional one at that)
Types of HYIPs:
Traditional a classic ponzi scheme where you earn high interest within a certain time frame
Matrix: wait “your turn” to get paid, with no fixed time frame (I avoid these ones)
RevShare: buy ads with “cash back”
Are ponzi schemes bad?
Not necessarily. It’s just a game you gotta know how to play.
The American government bond system is one of the biggest ponzi schemes ever.
Principles of Successfully Profiting from RevShares:
1) NEVER invest more than you’re willing to LOSE
2) Get in Early. Get Out fast.Just like James Bond in his dating life. Cash out your seed money ASAP then play with the profits.
3) *Trust no one. *Do NOT join an admin’s second (or third or fourth...) program. If they scammed once, they’ll scam again (Exceptions: you can use profits from the admin’s first program to play in the next one or you never joined any previous programs from the admin)
Key Terms:
BEP: Your “Break Even Point”. Cashing out 100% of what you initially invested in a program.
ROI: Return on Investment. The percentage amount you earn.
Seed Money: The original amount of money that you invest into a program
Compounding: using the earnings your account balance to purchase more ad packs to build your account
RefBack: Referral Commission Back an offer your sponsor may offer for signing up using their ref link. Typically, they’ll share part of the ref commission they receive with you.People come to this sub and will comment saying "sounds like a ponzi scheme" or "sounds like a scam."
Gr8 Game Room
We also enter the “Gr8 Game Room” talk about Nintendo’s new upcoming app called Pokemon Sleep as well as catching the sleeping Pokemon, Snorlax and Slakoth in special events in Pokemon Go.
How to Build a Website - The Fast, Easy, and Cheap Way:
https://www.procrastin8r.com/podcast/14
Why sleep is freaking awesome
https://www.procrastin8r.com/blog/sleep
*Disclaimer:
Pokemon and the theme song are owned by Nintendo. The song is as a parody and is not intended to be a copyright infringement.
Make Money Listening to Podcasts with Podcoin:
www.podcoin.com