I Wish I'd Known This Before Investing in Online Courses

But when I clicked on a second video, then a third video, I kept seeing the same ad. I was wondering who this Tai Lopez was at one point.

Who is this man who is more proud of his books than of his expensive cars? It turns out that he was once a young man with only 47 dollars in his bank account. But, unlike the rest of us, he was able to go from having 47 dollars in his bank account to doing significant things like purchasing a Lambo!

Isn’t that impressive? Then, in this nearly one-and-a-half-hour webinar, he explains the five degrees of wealth that he wishes someone had taught him in school. He said that he is going to show you, poor desperate guys living paycheque to paycheque and barely paying the bills, three strategies to rise higher and higher up the wealth pyramid.

In that 1.5 hour webinar, he speaks about very general stuff like finding your purpose, connecting with powerful friends, and stopping procrastinating, but if you want real practical actions, sign up for his premium course where he will show you how to acquire wealth in 67 steps.

On the top, it displays the thousands of people who have already registered for this course. His TED talk was watched by 6 million people, so he must be legit. He has even been on CNBC and at the London Business School. Consider how many social media followers he has. This man cannot be a con artist.

Then he goes around sticking images of famous successful people as if they followed these 67 stages to success. He claims that — These Steps were inspired by the teachings of influential and famous persons like Bill Gates, Charles Munger, Peter Drucker, and Gandhi.

He made it appear as though he had already traveled to 51 countries at the age of 16, had read thousands of books, and had been mentored by super-rich people who were nearly billionaires. Imagine what he can teach you; he frequently costs up to a million dollars for consultations, yet you may gain access to his knowledge for as little as 67 dollars.

But what I find most compelling are the testimonials from scores of people whose lives have been transformed as a result of taking his course.

They started making more money, finally escaping their paycheque-to-paycheque lifestyle, and they didn’t have to put in any effort. It was most likely one of the most effective get-rich-quick schemes in social media history. Tai Lopez, however, did not stop there!

Why would you quit when you’ve discovered a means to earn millions of dollars using social media? So he launched another, then another, and so on until he was — exposed.

But we’re not here to bring anyone down. Because there is already a detector in town, I’ll leave it to Coffezilla. Instead, we’re going to learn how to put up a Ponzi scheme. It is not as difficult as you may believe. It is frequently impossible to distinguish a Ponzi scheme from a legitimate firm!

But before we accomplish that, you must first grasp the fundamentals.

Let’s say I was able to save $1,000. Most individuals believe it, especially if they live in a country like the United States. But that’s only the beginning. The difficult part is convincing 5 others to invest in my business where I can turn their $100 into $200.

Most people will reject you because you have no legitimate business, but you can tell them you trade cryptocurrency. That is why you do not need to rent a place and can continue to live with your parents.

Assume that after a few weeks of hard work, you were able to persuade at least five people to contribute $100 apiece. Don’t spend that money on cryptocurrencies or the latest iPhone.

Simply store it under your mattress. Return $200 to each of them at the end of the month. Yes, you lost $500, but now you can boast that you quadrupled the money of five individuals in less than a month with little effort. And these folks will back you up! Use their stories to demonstrate to others that your approaches are effective. It will be easier to find more people to invest in your idea/business/skills.

Take another $100 from ten different people. And then repeat the process. But this time, at the end of the month, just give $200 to five of them. The other half of those who did not receive their money back will be unhappy with you, but tell them that they will soon receive double the amount they invested. You now have ten people who will vouch for you.

Make use of their stories to entice additional individuals. Pay the folks you didn’t pay the prior time, and then repeat the process. When you offer them double the amount they invested, inform them that they can either spend it or put it back into the market.

If you want to make more money, they can invest a higher sum, such as $1,000 or more! It is safe and secure! And if you want to make it sound more current, throw in the word “decentralized”!

Continue this practice until your pyramid has grown so large that you can finally start spending some of the money on yourself. It is becoming easier to sell a course. Tell everyone how quitting your 9-to-5 job and getting into cryptocurrency trading was the best thing that ever happened to you. You can even utilize real people’s tales, but if you don’t have any sense you ignored the fundamentals of the Ponzi scheme, just make up phony stories and use fake images. Nobody is going to find out. When you’ve made enough money selling courses, you can start your own business. Take a few images on a private aircraft, go on vacation, take more fancy pictures, and publish another course explaining how you got a billionaire selling courses online and how anyone can do the same.

Sell more courses, and you’ll make more money! And so on. But here’s the question: Will people call you out if they buy your course and don’t get wealthy?

You weren’t paying attention. Remind students throughout the course that the vast majority will fail. Only those who are willing to put in the effort will be successful. And blaming others for your failure will never lead to achievement since successful individuals take responsibility for their lives. As a result, if they fail, they will blame themselves.

Look at the people who gave you their money; they have doubled their investments, so there must be something wrong with you.

Tell them that you have a specific course for folks like them. A more advanced course! It normally costs $3000, but if they use their credit cards and purchase them today, it will only cost them $999. But how can you persuade them that you are genuine?

Rent a few fancy automobiles, take some amazing Instagram photos, feed the needy, travel to Africa, take some pictures with impoverished kids, and tell everyone you’re building schools there!

Wait a minute! Did you produce this essay solely to entice me to join your Ponzi scheme?

Do you think I have nothing else to do, for God’s sake?

Why would I waste my time on you when I can make more money with my secret crypto formula?

I have more money than I require. I’d rather spend this time assisting African children. I’m only doing this because I genuinely care about you! I want you to be as successful as I am.

Except there isn’t a link, and I’m not trying to sell you anything.

I merely wanted to demonstrate how Ponzi scams work! Never, ever employ this approach! The difficulty is that whether you’re offering a legitimate course that teaches actual skills or a bogus one, you’ll have to use the same sales tactic.

However, certain people, such as Bernie Madoff, have taken this practice to an entirely new level. For at least 17 years, he perpetrated the greatest Ponzi scam in history, cheating thousands of investors out of tens of billions of dollars. He is, in my opinion, the king of Ponzi scams.