FaunaClassifieds - View Single Post - Great Idea

10-21-2011, 01:56 PM

I need as many members as possible to send me $100. I will offer 1% interest on the money. This will allow me to set up financing that people can use to buy supplies or animals when they are low on cash and repay the funds plus interest to me. I make money and the people who send me money to start this also make money and others get the animals supplies they need/want without having to put out a lot of money up front. The only downside is if people don't repay. I will not be able to pay the 1% interest and the people that sent me the money will probably have to take a loss. But that's highly unlikely.
This is a great opportunity.

BTW, if anyone thinks this is a stupid scenario, it is how banks operate. You deposit money, they loan out more than you deposit, they make interest and when it all collapses, you lose your deposit.

10-21-2011, 01:56 PM	#1
SPJ	Great Idea - Need Everyone's Help With It I need as many members as possible to send me $100. I will offer 1% interest on the money. This will allow me to set up financing that people can use to buy supplies or animals when they are low on cash and repay the funds plus interest to me. I make money and the people who send me money to start this also make money and others get the animals supplies they need/want without having to put out a lot of money up front. The only downside is if people don't repay. I will not be able to pay the 1% interest and the people that sent me the money will probably have to take a loss. But that's highly unlikely. This is a great opportunity. BTW, if anyone thinks this is a stupid scenario, it is how banks operate. You deposit money, they loan out more than you deposit, they make interest and when it all collapses, you lose your deposit.