PTV Partner Is No More

Dear Fellow Investors,

Ouch! PTV disappeared overnight and it is a pretty safe bet that they are not coming back.

In the end they left like most online investments, asking for more money with a promising new plan, luring the gullible ones into putting more money in, and then, simply vanishing.

I lost $2000 in this one, not to mention the disappointment of not getting the payouts we had on schedule for April, which would have been $20,000.

My dear friend S, who shocked me by putting $10,000 in (and I am reasonable sure those were not excess funds he had lying around to play with), has lost it all, and I am pretty upset about that. To all of you who were not in profit, I extend my condolences.

I am beginning to accept the cold hard conclusion that all these online investments are scams, plain and simple. If you want, you can call them games, and play with excess money and have some fun. But I am moving in the direction of calling it quits with these games and putting my attention once again on my singing, speaking, and writing career as the place to generate funds for my family.

I wish you all the best of success with all your investments, your dreams, your goals, and your adventures. For those who want to stay connected to my world and my offerings, sign up at www.scottsongs.com.

For any of you that still feel drawn to invest (gamble) online, here is some wisdom I tend to agree with about it all. Ironically, it was written by the founder of an online investment program.


HYIP's (High Yield Investment Programs) are almost always not what they say they are. Anything told to you by a program admin can be made up, or not, but there is no way you can know what is real and what is fake. Telephone numbers can be faked, registrations can be easily obtained, etc. And as we’ve all seen numerous times – none of it really means anything. Some of the most heavily licensed, expensive, professionally-designed, ssl encrypted, secured websites have disappeared without a trace. While several I can think of that didn’t have all of these things lasted beyond anybody’s expectations.


For “newbies” to the online community, remember this: Even Bernard Madoff provided “proof” of investments and their returns. He even paid many people during the 30 years he was running his scam. And he didn’t even have the advantage of anonymity that HYIP admins enjoy! If he can run away with millions with everybody watching, what makes you think an anonymous admin can’t do the same (albeit on a smaller scale)?


Most HYIPs are total BS. That is the bottom line. Treat online investing as you would a casino. Enter only with money you could live without. If you lose it, no big deal. If you make money, it’s all gravy.

If an investor is smart – treats this like a game, develops a strategy for withdrawal, always assume an HYIP will fail – then they will be more successful. Get in early, since with most programs if you can get in at the beginning you have a better chance of being in profit when they fail. Get your principle back as quickly as possible. Never compound. A low threshold for exiting a program never hurts as well. First sign of trouble, get out if you can.


A few simple rules:
1. Never invest more than you can afford to lose. Don’t invest the “rent money”!
2. Never compound until you at least have your principle back.
3. Spread out your investments. “All eggs in one basket” is a death sentence for your money.
4. Don’t let your emotions get the better of you. If a program is doing well, resist the urge (and it is a STRONG urge) to put more money in. Stick with your original strategy.
5. Most importantly, remember: It isn’t really your money until you have it in your hands. Just because your member account with a program says you have a positive balance, doesn’t mean you actually have that money. Withdraw, withdraw, withdraw. In my opinion, if you plan on reinvesting, it is better to withdraw to your e-currency account (pay the fees), and then redeposit. This provides at least some proof to you that the program is paying. Otherwise, you may be setting yourself up for significant disappointment.


Follow these rules, and HYIPs can be a lot of fun!
:

Busting Loose From The Money Game

Hi there!

I am guessing that this post might be interesting, inspiring and helpful for some of you. It's about the inner work necessary to create a healthy relationship with money. It's about making the wisest and most long term investment of all - investing in the quality of your thoughts,feelings, and attitudes about money.

I have been doing an exercise called The Process every morning like clockwork, and also whenever I have anxiety about money, as outlined in the masterful book Busting Loose From The Money Game, by Robert Scheinfeld, which is one of the tools listed in the Resources For The Journey section of this blog. The Process is a great way to free ourselves from fear and old limiting beliefs about money. When I am doing The Process, I bring up any and all of my negative thoughts and feelings about money - worry, fear, limitation, grief, greed, unworthiness, struggle, annoyance, anger, anxiety, helplessness - any thoughts or feelings related to money, scarcity, and abundance that are not joyful and empowering. I also do the Emotional Freedom Technique (www.emofree.com), to deepen the process of bringing up and releasing the negative feelings and limiting beliefs as I welcome them to rise. Then I strongly verbally affirm something like this, while tapping (EFT) so I get it beyond just intellectually, so that I feel it deep in my bones.

(You are encouraged to change the words to make it more suitable to your own religious/spiritual beliefs)

I am one with the Unlimited Power and Presence of God, here delightfully and purposefully co-creating Heaven On Earth, and all is well. ALL IS WELL! My family and I are safe and supported at all times, guided, protected, provided for, sustained, and financed by the Love of God! I place our future into the Hands of God, knowing that our it is safe, secure, very exciting, and filled with wonderful suprises.

I LIGHTEN UP AND RELAX ABOUT MONEY.

I AM ALWAYS WELL TAKEN CARE OF AND SUPPORTED.

WE ARE ABUNDANT!

I keep adding and changing the words to make it fresh, creative and fun.


There is a lot more to The Process than what I just shared. If it attracts you, I suggest getting the book and going for it. I am sure you could find it used on Amazon or order it at your library.


Warmly,
Scott

A New Year, A NEW ATTITUDE!

I have a friend who is a multi-millionaire, and he has confessed to me on numerous occasions that he rarely relaxes about money, that he lives with the constant fear of losing it all. In other words, it is possible (and very popular) to have millions and be plagued by anxiety. My friend serves as a reminder to me that it takes more than money to free one's life. And that abundance is a state of mind as much as anything.

I am dedicating this year to relaxing about money. And to dwelling in an attitude of gratitude for all that I have.

Our blessings always outnumber the bills, so count them (your blessings) daily and give thanks. It is a miracle to be alive. You would not trade your life for all the money in the world, so hey, you are already a multi-trillionaire!

GETTING OFF THE EMOTIONAL AND FINANCIAL ROLLERCOASTER

How many of us emotionally crashed when Cash Tanker tanked? I know I did. It is a wise investor who does not put so much of their savings in one or two investments that if they disappeared it would send their finances into a significant tailspin. Sobriety with money includes diversifying and taking risks that are moderate. Part of what triggers fear and the rollercoaster ride of drama is over-investing into one or two programs.

All of these programs are high risk, whether or not they get good reviews from psychics, blogs, forurms, etc. The only way to minimize risk is to play with money you can afford to lose and to diversify. And get your seed money out as soon as possible. Then you play with the house money at zero risk - much more fun that way.