Desiderata warned of being careful in all dealings because it can be full of scams and lies. Thus this advise of being paranoid hold water.
Always take offered deals with grain of salt and with thought that it can be scam. That is why we have a board and hordes of experts: lawyers, accountants, independent board to warn us of scams that can bring a business down to its knees.
Despite these preacautions, scams do happen.
"Mag ingat, mga kapatid"
Most govt promise a better tomorrow and order, but do they? Do the better tomorrow, the change happen?
You pay taxes, but do they come back to you 100% in terms of services: education, health, and security?
Have your elected officials really been elected fairly and truthfully by the populace. Vox populi? Many think that current govt officials in PHL were elected by voting machine programs? No one has proof to prove nor disprove. But news are coming out that some top senior officials of the poll body are being discovered to have largesse from bribes?
How about ghost employees? Ghost projects?
How about ayuda scams? Do they really reach the real beneficiaries.
Or projects that cost 50% less (since the contractor coughed up 50% as bribes. Its no wonder that many want to live in the farm, or return to the mountains.
Many people are tried and jaded over scams that they accept it as a way of life.
If your organization does not deliver 100% of the product/service features, are you not committing scam?
What do you think?
Methinks it is. Yes.
So deliver what you promise.
Why do so many parents send children to expensive schools to study. They want to leave a legacy. A fortune as it were in lieu of cash or properties. The thesis is: if you study you will be successful. You will find a job. But do schools really deliver what they promise:
1. Do you get a job when you finish college? Do you get a higher paying job if yuu finish masteral or PhD? No. According to Calvin Coolidge, the world is full of educated derelicts.
This post graduated from a pricey college in the 70s. Many of my classmates to who went abroad ended as clerks, or chpg patrolman?
2. An Ivy League school tried to research to find out what made their alumni successful. Was it the school brand. They later found out that it was not the school brand. But two things:
1. If the student had a goal?
2. Did the student write this down?
3. Do schools prepare to be in the business work/environment?
Most of the time they dont. Graduates complain why retailers require college graduates when the job being done is menial. Its because many of the graduates do not have basic skills like reading, writing, and arithmetic and end up messing their jobs. Google designed a curriculum of just one year that prepare middle school students for jobs that are available.
This post was able to talk to executive director of CHED who said that current education must prepare grads for BPO, outsourcing jobs, which current higher education is failing to do.
As I was discussing marketing of a product with an entrepreneur he proposed a too good to be true proposition: pay one time amount of Php x and if something happens, he gets the product and service free. I objected to this because it becomes an insurance (if registered) or a Ponzi scam:
What I did not like:
1. There has to be a big universe: There has to be many buyers(suckers) The new buyers of the amount should be able to service the needs of those who need to get out because of death.
2. Thus is risky: the chief has to be responsible for cash flow, and losses of the firm. If the cash flow out and cash flow in stops, the whole thing collapses and is unsustainable
The cash flow becomes long because there is no limit to the amortization. It is one time payment of premium. If there is high returns for financial instruments, then the scheme will work, If there is inflation for the cost of the product or service being offered, and low returns for financial instruments, then there is a negative carry, and the whole financial model collapses.
Ther risks are: CDO from Insurance Commission, SEC investigations, and possible charge of estafa.
It is actually the way scam, Ponzi scams work.
I am amazed how people use their brains and ingenuity to the full on how they can fool and scam others. I thought our purpose in life is to find your gift and use the same to serve others.
Before this post taught in a school and prior to discussing the legit course, this post asks the students in a group to come up with a crime. scam. It is surprising how students can be so pumped up and creative.
If it is too good to be true, then it is:
Some tell tale signs:
1. Higher salary
2. Personal email being used, use of social media
3. WFH, no experience required, many personal information required prior to info on the job;
4. Many tasks being required prior to job interviews
5. Money first for Physical exam, laptop etc.
Beware.
" In every minute, a sucker is born"
Be forewarned, be armed
Mag ingat.
Maski maraming warning, paalala, marami pa ring nabibiktima.
Lately, a fmr batchmate inquired about another fmr batchmate who said was borrowing money.
Was I approached before for a a loan? I answered yest. But I said I am not into it anymore because I have all ready assigned my estate to my heirs and I have very little money on hand to spare. Besides I know that the person is well off, having worked before with a multi lateral bank.
I was told that the same person is borrowing money - huge millions. The person made millions from mere P500,000 investment in bitcoin and appeared to have lost all them.
Now babawe.
I am sure the person has lost it. Crypto is one of the investments experts have warned against. All people I know who invested in crypto/bitcoin have lost their investments - are penniless
New scams in 2024. (They got to be new)
