Student loans... Want them paid off? - Page 2 - Zilvia.net Forums | Nissan 240SX (Silvia) and Z (Fairlady) Car Forum

stinky_180 · 02-28-2012, 12:47 PM

i have no student loans but give me money anyways

atom · 02-28-2012, 01:10 PM

LOL I called it it my first post. A lottery basically.

ryandh · 02-28-2012, 01:14 PM

Quote:

Originally Posted by atom

LOL I called it it my first post. A lottery basically.

yes, in a sense it is like a lottery, except you get a product in return even if you don't win.

trickey1991 · 02-28-2012, 01:17 PM

it's a pyramid scheme..

A pyramid scheme is a fraudulent investing plan that has unfortunately cost many people worldwide their hard-earned savings. The concept behind the pyramid scheme is simple and should be easy to identify; however, it is often presented to potential investors in a disguised or slightly altered form. For this reason, it is important to not only understand how pyramid schemes work, but also to be familiar with the many different shapes and sizes they can take. (Many investors do not understand how to determine the level of risk their individual portfolios should bear. Find out for yourself in Determining Risk And The Risk Pyramid.)

The Scheme
As its name indicates, the pyramid scheme is structured like a pyramid. It starts with one person - the initial recruiter - who is on top, at the apex of the pyramid. This person recruits a second person, who is required to "invest" $100 which is paid to the initial recruiter. In order to make his or her money back, the new recruit must recruit more people under him or her, each of whom will also have to invest $100. If the recruit gets 10 more people to invest, this person will make $900 with just a $100 investment.

Looking for penny stocks that skyrocket?
The 10 new people become recruiters and each one is in turn required to enlist an additional 10 people, resulting in a total of 100 more people. Each of those 100 new recruits is also obligated to pay $100 to the person who recruited him or her; recruiters get a profit of all of the money received minus the initial $100 paid to the person who recruited them. The process continues until the base of the pyramid is no longer strong enough to support the upper structure (meaning there are no more recruits). (From pyramid schemes to envelope stuffing, there are a lot of scams masquerading as legitimate part-time work. Read more in Recognize And Avoid "Work At Home" Scams.)

Read more: What Is A Pyramid Scheme?

ryandh · 02-28-2012, 01:24 PM

Quote:

Originally Posted by trickey1991

it's a pyramid scheme..

A pyramid scheme is a fraudulent investing plan that has unfortunately cost many people worldwide their hard-earned savings. The concept behind the pyramid scheme is simple and should be easy to identify; however, it is often presented to potential investors in a disguised or slightly altered form. For this reason, it is important to not only understand how pyramid schemes work, but also to be familiar with the many different shapes and sizes they can take. (Many investors do not understand how to determine the level of risk their individual portfolios should bear. Find out for yourself in Determining Risk And The Risk Pyramid.)

The Scheme
As its name indicates, the pyramid scheme is structured like a pyramid. It starts with one person - the initial recruiter - who is on top, at the apex of the pyramid. This person recruits a second person, who is required to "invest" $100 which is paid to the initial recruiter. In order to make his or her money back, the new recruit must recruit more people under him or her, each of whom will also have to invest $100. If the recruit gets 10 more people to invest, this person will make $900 with just a $100 investment.

Looking for penny stocks that skyrocket?
The 10 new people become recruiters and each one is in turn required to enlist an additional 10 people, resulting in a total of 100 more people. Each of those 100 new recruits is also obligated to pay $100 to the person who recruited him or her; recruiters get a profit of all of the money received minus the initial $100 paid to the person who recruited them. The process continues until the base of the pyramid is no longer strong enough to support the upper structure (meaning there are no more recruits). (From pyramid schemes to envelope stuffing, there are a lot of scams masquerading as legitimate part-time work. Read more in Recognize And Avoid "Work At Home" Scams.)

Read more: What Is A Pyramid Scheme?

wow, you couldn't be any further from the truth... So when pepsi offers the chance to ''win $25,000 or other great prizes!'' is that a pyramid scheme?

did you actually read the post? or just go straight to wikipedia and look for MLM schemes? Where anywhere does it say that people are recruited? lol gtfo

stinky_180 · 02-28-2012, 01:35 PM

wheres my money

Silverbullet · 02-28-2012, 01:45 PM

Quote:

Originally Posted by ZenkiKid

Pay off your loan by taking out another loan to pay it? Wat?

My student loans are at an avg of 7% interest. I took out a loan that is only 2% interest to pay off some of the student loans, and a 401k loan at 4% interest to pay off another portion of my student loans. What is great about the 401k loan is all the interest goes back to your 401k.

If i owned my house for a little longer, i can prob eligible for taking out a home equity loan as well.

FRpilot · 02-28-2012, 03:27 PM

Quote:

Originally Posted by Silverbullet

My student loans are at an avg of 7% interest. I took out a loan that is only 2% interest to pay off some of the student loans, and a 401k loan at 4% interest to pay off another portion of my student loans. What is great about the 401k loan is all the interest goes back to your 401k.

If i owned my house for a little longer, i can prob eligible for taking out a home equity loan as well.

that's whats great about pension plan and 401(k) loans. when you need money, you pull them out from your retirement plan and essentially payback yourself.

axiomatik · 02-29-2012, 02:56 PM

Quote:

Originally Posted by FRpilot

that's whats great about pension plan and 401(k) loans. when you need money, you pull them out from your retirement plan and essentially payback yourself.

except, if you lose your job for whatever reason, you have to pay everything back within 6 months or pay penalties.

h2v7 · 02-29-2012, 02:58 PM

someone cliff notes me???

this ended up being a pyramid huh?

ChrisWantsBoost · 02-29-2012, 07:56 PM

My turn.

Got some questions for zilvia...
How many of you guys have small penises?
Also, would you like the chance to have it grow immensley for simply purchasing a product?

...I have something HUGE in the works, and I'm getting ready to launch a product... Stay tuned.

02-28-2012, 12:47 PM	#31
stinky_180 Nissanaholic! Join Date: May 2004 Location: Pale Blue Dot Age: 40 Posts: 2,064 Trader Rating: (26) Feedback Score: 26 reviews	i have no student loans but give me money anyways __________________ SoCal RallyX Coverage and MTB Ride Reports WheelsDirty

02-28-2012, 01:17 PM	#34
trickey1991 Zilvia Junkie Join Date: Oct 2011 Location: Kanada Age: 33 Posts: 518 Trader Rating: (2) Feedback Score: 2 reviews	it's a pyramid scheme.. A pyramid scheme is a fraudulent investing plan that has unfortunately cost many people worldwide their hard-earned savings. The concept behind the pyramid scheme is simple and should be easy to identify; however, it is often presented to potential investors in a disguised or slightly altered form. For this reason, it is important to not only understand how pyramid schemes work, but also to be familiar with the many different shapes and sizes they can take. (Many investors do not understand how to determine the level of risk their individual portfolios should bear. Find out for yourself in Determining Risk And The Risk Pyramid.) The Scheme As its name indicates, the pyramid scheme is structured like a pyramid. It starts with one person - the initial recruiter - who is on top, at the apex of the pyramid. This person recruits a second person, who is required to "invest" $100 which is paid to the initial recruiter. In order to make his or her money back, the new recruit must recruit more people under him or her, each of whom will also have to invest $100. If the recruit gets 10 more people to invest, this person will make $900 with just a $100 investment. Looking for penny stocks that skyrocket? The 10 new people become recruiters and each one is in turn required to enlist an additional 10 people, resulting in a total of 100 more people. Each of those 100 new recruits is also obligated to pay $100 to the person who recruited him or her; recruiters get a profit of all of the money received minus the initial $100 paid to the person who recruited them. The process continues until the base of the pyramid is no longer strong enough to support the upper structure (meaning there are no more recruits). (From pyramid schemes to envelope stuffing, there are a lot of scams masquerading as legitimate part-time work. Read more in Recognize And Avoid "Work At Home" Scams.) Read more: What Is A Pyramid Scheme? __________________ 92' R32 GTS-T 355whp

02-28-2012, 01:35 PM	#36
stinky_180 Nissanaholic! Join Date: May 2004 Location: Pale Blue Dot Age: 40 Posts: 2,064 Trader Rating: (26) Feedback Score: 26 reviews	wheres my money __________________ SoCal RallyX Coverage and MTB Ride Reports WheelsDirty

02-28-2012, 01:10 PM	#32
atom Zilvia FREAK! Join Date: Jan 2003 Location: San Francisco Posts: 1,196 Trader Rating: (0) Feedback Score: 0 reviews	LOL I called it it my first post. A lottery basically.

02-29-2012, 02:58 PM	#40
h2v7 Nissanaholic! Join Date: Apr 2010 Location: san francisco, ohio Posts: 2,194 Trader Rating: (3) Feedback Score: 3 reviews	someone cliff notes me??? this ended up being a pyramid huh?

02-29-2012, 07:56 PM	#41
ChrisWantsBoost Join Date: Apr 2009 Location: FL Posts: 37 Trader Rating: (0) Feedback Score: 0 reviews	My turn. Got some questions for zilvia... How many of you guys have small penises? Also, would you like the chance to have it grow immensley for simply purchasing a product? ...I have something HUGE in the works, and I'm getting ready to launch a product... Stay tuned.