A first-person YouTube narrative by Ndubuisi 'Andy' Egwim describing his experience joining a pyramid scheme that was presented as an investment. He expresses shame about participation, notes he did not lose much money, realized it was a pyramid scheme only after joining, and used the experience to refocus on saving first and then intentionally learning about investing before committing funds in the future.
I got involved in the pyramid scheme I used to be very ashamed to say that. Was it sold as a pyramid scheme or did they just say it's an investment? You know everything is an investment? Yes or sold as an investment. Obviously it was a plain pyramid scheme so it was sold as an investment. So it was only after I had gone in thankfully I didn't lose much and then I realized that oh it's a pyramid scheme, no it's not the best thing to do going forward. So I learned from it and it kind of made me remember what I had learned. So I had to now start intentionally looking for materials to read. To read. Well obviously at the time I wasn't concentrating more on investing I was contenting more on saving to time. So I made the decision that once I'm at the stage where I'm able to start investing these are the things that I need to do and.
