Mistake 1: Spending too much too soon
This is probably the biggest mistake I’ve made in HYIP land, and the one that taught me the most.
I’d been in HYIPs for around 9 months. Things were going strong, my confidence was growing and one of the programs had just paid out a very nice profit.
In my excitement I invest all of this profit into a single HYIP that I found in the top of one of the rating sites. It’s been rated in the top 3 for the last 6 months. Everyone was writing rave reviews about it. It looks and smells like a sure thing, so why waste time making a small spend?
Not even 7 days later and the warnings started to come. By that stage I could see my investment drifting away.
That investment had taken me over 4 months to earn. Within a few hours of receiving it I was able to give it away. That’s a pretty good effort eh.
The experience gave me a real good wakeup call. Up to that point I’d been putting large chunks of my investments into individual HYIPs.
That’s when I realized what people meant by “test spends”… ahhh. So you spend a little bit, and if they pay you, THEN you spend the rest. What a novel and practical idea.
This is probably the biggest mistake I’ve made in HYIP land, and the one that taught me the most.
I’d been in HYIPs for around 9 months. Things were going strong, my confidence was growing and one of the programs had just paid out a very nice profit.
In my excitement I invest all of this profit into a single HYIP that I found in the top of one of the rating sites. It’s been rated in the top 3 for the last 6 months. Everyone was writing rave reviews about it. It looks and smells like a sure thing, so why waste time making a small spend?
Not even 7 days later and the warnings started to come. By that stage I could see my investment drifting away.
That investment had taken me over 4 months to earn. Within a few hours of receiving it I was able to give it away. That’s a pretty good effort eh.
The experience gave me a real good wakeup call. Up to that point I’d been putting large chunks of my investments into individual HYIPs.
That’s when I realized what people meant by “test spends”… ahhh. So you spend a little bit, and if they pay you, THEN you spend the rest. What a novel and practical idea.