See also: How I made N145,000 Naira in 1 Month
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Where does the 30% come from?
This question is one from a business mind set.
MMM is not a b usiness venture, it's not a bank, not an investment company so MMM don't sell or buy anything to make the 30%.
MMM is an ideology, a movement and the ideology thrives on the same CROWD FUNDING TECHNIQUES that the banks use. The movement extracts the benefits that bankers enjoy and gives it to us the ordinary man.
To answer this question properly lets make instances!
If a bank has 25M account holders like FIRST BANK for instance, u could say the bank is owning 25M people, right?
Now the money that the bank owe the people, what do they do with it?
They spend it building more branches, pay their staff, give out loans and collect fat interests without sharing with us, they live large with your money, the bank manager gets pot belly with your money and drives good cars, they use your money for businesses and so on.
Why?
Because banks debt is virtual, they don't pay their debt at all, because all the account owners would never come for their money the same day, when Mr Bright comes for his money, chinenye and Gifts money is given to him. And when Chinenye comes, Andrews money is given to her.
In addition, The money you take from the bank will always return back to the bank because you must make use of it and the person you gave it to will always go the bank to deposit it.
So the bank just makes a fool of us, enjoying the money while we do the job.
Secondly, consider the Insurance company for instance, if u insure your N2M car and you are told you'll pay a premium of 2% per month, you paid for 6 months and the car was stolen, you have only paid 12% of the value of the car.
But the insurance company will pay you.
Where would they get the remaining 88% from?
From previous people who insured their houses and cars who have not had accidents and whose houses has not burnt down.
Everybody can not lose their insured properties at the same time just as everybody can not go to the bank to request for their money at the same time.
Some people's money is used to pay other people and inturn when they come for their money, other people's money is used to pay them.
This is the same concept MMM uses, everybody can not request for help at the same time, so a person's PH(donation) = another's GH(withdrawal), and the circle continues every 30 days.
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