The rich will always go to interesting investment opportunities courses. I will give you an insight into one of them and tell the highs and lows of the pay-day loans.
I went to a millionaire investment, of course, where about 1000 people were there. We all have to pay a lot of money, people give their investment pitch to us, all of which supposedly above-average returns. My accountant and I listened attentively to each one. Then we approached some of the speakers, do more on their investigationSubject.
The line up at the pay-day loan guy talk was around the corner. What is a payday loan? It is a service where you go and you will receive cash or a check, a short-term loans against your paycheck, do some also, foreign exchange and money transfers. They require a processing fee and interest. They are a semi-legal printing press for money, as far as I can judge.
These places so much money I could not believe that they ask for money at this conference. Ithought, what the hell they would take my money? He told us that the demand was so great, he just did not have enough money. If he would be one million U.S. dollars in these short-term loans of tomorrow! Now get your calculator out, they charge 28% + and do not forget the service charge. It is so close to his loan sharking, I can not believe it is allowed.
My accountant and I have the whole pitch, we would earn 45% per year return on our investment (this is a very large quantity),at least $ 100,000.00 investment. "It was not a store in the chain, which has always lost money," he boasted. Money lost! I asked: "Has it been a business that has less than 200% return to get to them?" He went to answer, but here the mathematics, it is more than probable that they do better than that.
The numbers on this stuff is mind boggling. We went home and next month I happened to meet a man who works at a business social, rather than a payday loan.He was a young man in his 20s, always a little above minimum wage. I gave him a few drinks and the information flowed out. Their client list looked like a roster of available jobs in the world. Significance is that with these places, everybody! I mean, of lawyers, doctors, accountants, truck drivers, ditch digger, you name it they got it.
What it means is many people do not create more from paycheck to paycheck. Okay, what this means, they are spending too much moneyper month. For what? Again, you call it, and it will be money for them. Hey guys, what you can do to never be a place like this. Do what it takes to get your spending under control, look for some of my other articles about the various techniques used to do it. If you are a pay-day loan type place, a glaring signal that you need to change what you are doing financially to use.
I said, I would say the highs and lows of the pay-day loans. Well, the shadows are all for the customer and theups are all for the owners of the company. If you do these places, do yourself the favor after the debt to handle. Get to someone and ask for help and do it.
Many of you will wonder whether I was in the $ 100,000.00. No. Some of my friends would not many agree with me, but there are many ways to good money, but not on the backs of other people. I think this type of business to destroy the lives of people, some of them may not agree with me. Doyourself a favor and use a Payday Loan Service. Be smart to be wealthy.
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