Over the years I have heard how self-made businessmen like to blow their trumpet. In other words, brag about how successful they are financially. Especially online networkers who try to hook you into their business proposal basing their success, as will be your success when the reality is they make money off your efforts.
In other words, the more people they convince to join them on the premise that good money can be earned, is in part true while the fact remains that your efforts benefit the instigator much more.
I’ve personally tried a few different schemes over the years to try and understand the way they work. They are hard and although the normal route is to bring others meaning; family and friends into the idea. Then those leads benefit you, but anyone they recommend doesn’t.
These trumpet blowers know this and cash in while the going is good. In other words, they use you, and then your leads, and so forth. Yes, one every now and then finds an efficient way to market online and creates some more business. But this is an exception to the rule. Those clever individuals are able to harness the power of online marketing. However, 99% will fail and could end up out of pocket.
Trump is a good example of billionaire status, a man on a mission, ex-president of the USA, and currently potentially being reelected in 2024.
Personally, I like Trump as a businessman, who has been successful as well as having made mistakes. Currently internet sources say he is worth USD 2.6 billion while he boasts he is worth more.
The bottom line is he carried on from his father’s legacy as a Manhattan real estate developer and mogul. Once Trump claimed his father gave him money although internet sources say “In the mid-1970s, Donald received loans from his father exceeding $14 million. In 2015–16, during his campaign for U.S. president, Donald claimed that his father had given him "a small loan of a million dollars" which he used to build "a company that's worth more than $10 billion."
All I’m saying is don’t believe others without due diligence. It is like the current surge in cryptocurrency values. Most of the investors are hyped into it from listening to others. There are no guarantees that it won’t fall in value in the foreseeable future.
However, when you break down the reasons for one Bitcoin being worth some US $67k today, it defies belief when less than two years ago it dropped to just US $15k, and in 2009 when it launched it was worth less than US $1. People lured into buying now are often moved by speculation.
It doesn’t seem to matter that the market is volatile, investors flock in believing they will make billions, if not millions.
Have a great day!
Prof. Carl Boniface
Vocabulary builder:
Brag (v) = boss, boast, show off. “He was bragging about his new Rolls Royce and how successful he is.”
Premise (n) = evidence, principle, idea, foundation, ground, statement
Mogul (n) = tycoon, entrepreneur, magnate, industrialist, dynast, big shot
Hyped (adj) = overvalued, overestimated, glorified, puffed up, advertised, touted, billed, publicized
Flock in (phrasal verb) = The word flock refers to a group of animals, like birds or sheep, that have congregated together. The flock of pigeons at the park is so tame that they'll eat right out of your hand. You can also use flock to mean a congregation of people, like a flock of children at the zoo, or a group of people belonging to a church.