Hi there,
I need some input please. Say, you are able to put aside a 10,000RD$ weekly. How to let it work besides a savings account?
I know how you can easily get 30%+ return on that investment. Riskier than a bank of course, but if you want big returns you must be willing to take some risk. PM me if you want details.
Another alternative it government issued certificates which will give you a better return than a bank, but not as great anymore.
Let me help you out here...
Caribmike ponte a prestar a redito...
Better yet Extreme you don't become the prestamista...if you were you can easily make 5-8% a month. What you do is you lend your money (with a contract and guarantee of course) to the people or companies who are engaged in the lending business. So you're not collecting from a hundred people, but from one or a company (thus the lower interest rates). I've found this is a happy medium allowing me to get nice returns without taking all the risk of making small loans to a bunch of people. It's worked for me so far...
How can they afford to pay you out 5 to 8 % if they themselves make loans to people at 3%/month?
They get 30-25% a MONTH and then pay 30% a year to the principal loaner. This is what you know as "Shark Loaning".
How can any body can pay back at an interest of 25-30%/month?? I suppose we are talking about small loans here then on short term.
How can any body can pay back at an interest of 25-30%/month?? I suppose we are talking about small loans here then on short term.
Isn't Anoeca where the 6k of charity funds resides? The money we raised in 2005 for a dental clinic? Sorry to hijack the thread but....every so often I get very curious.