Comments on: Auction Off Your Future Income? Okay! https://eliteedgemoney.com/auction-off-future-income/ Money | Minimalism | Mohawks Thu, 02 Aug 2018 00:20:32 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Evan https://eliteedgemoney.com/auction-off-future-income/#comment-119413 Tue, 30 Apr 2013 02:27:29 +0000 https://staging.eliteedgemoney.com/?p=32964#comment-119413 This is fantastic! This is nothing more than shifting the risk of generating income to someone else for a price. Insurance companies hedge all the time.

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By: J. Money https://eliteedgemoney.com/auction-off-future-income/#comment-119055 Wed, 24 Apr 2013 13:32:28 +0000 https://staging.eliteedgemoney.com/?p=32964#comment-119055 In reply to Edward Antrobus.

I think it’s just a matter of time until you find your sweet spot :) As soon as one of these hobbies/careers take off, you’ll be good to go for many many years my friend. So keep on hustling and growing!

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By: J. Money https://eliteedgemoney.com/auction-off-future-income/#comment-119054 Wed, 24 Apr 2013 13:30:44 +0000 https://staging.eliteedgemoney.com/?p=32964#comment-119054 In reply to Pauline.

$125k won’t get you very far in 10 years though :) Even if I *wanted* to scam someone like that, I’d be wayyyyy to bored doing nothing for 10 years and would eventually just start hustling again. Better for all parties anyways cuz the more you have both sides winning, the more you’ll be successful in the future too. If this 10% worked out for the investor at $125k, imagine what you can then raise for the next ten years?

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By: Edward Antrobus https://eliteedgemoney.com/auction-off-future-income/#comment-118994 Tue, 23 Apr 2013 03:04:15 +0000 https://staging.eliteedgemoney.com/?p=32964#comment-118994 $125k is more like 50% of my income for 10 years!

If my career was relatively stable, I ‘d jump on this in a heart-beat. I wouldn’t be getting any raises in the next decade that would do be bigger than the return I would get on a year’s worth of income up front. But as it stands, my career is incredibly unstable. While this year will probably be lower than last year, if I switch gears, I could wind up with as much as a 100% raise over last year’s gross.

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By: Pauline https://eliteedgemoney.com/auction-off-future-income/#comment-118993 Tue, 23 Apr 2013 02:15:13 +0000 https://staging.eliteedgemoney.com/?p=32964#comment-118993 Sounds like an easy scam. You auction it to 10 people and then sit on the money, “retired”… This Sarah can decide to have kids and stay home, with $125K for a downpayment on a house!

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By: Shafi https://eliteedgemoney.com/auction-off-future-income/#comment-118992 Tue, 23 Apr 2013 01:28:13 +0000 https://staging.eliteedgemoney.com/?p=32964#comment-118992 Unless I am deep in debt, I mean real deep, I would never go for auctioning off my future income.

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By: Nick @ ayoungpro.com https://eliteedgemoney.com/auction-off-future-income/#comment-118991 Mon, 22 Apr 2013 22:29:02 +0000 https://staging.eliteedgemoney.com/?p=32964#comment-118991 I agree with Jake, this is basically venture capitalism. In fact, the show “Shark Tank” is exactly what this is. I’m with you about the pressure J, I think i’ll be more successful without worrying about having to “pay someone back”.

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By: Mike@WeOnlyDoThisOnce https://eliteedgemoney.com/auction-off-future-income/#comment-118990 Mon, 22 Apr 2013 21:00:17 +0000 https://staging.eliteedgemoney.com/?p=32964#comment-118990 Crazy system… As you said, kudos to whoever can pull it off. Hopefully not too many people will be confused by such financial manipulations.

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By: J. Money https://eliteedgemoney.com/auction-off-future-income/#comment-118989 Mon, 22 Apr 2013 18:20:25 +0000 https://staging.eliteedgemoney.com/?p=32964#comment-118989 In reply to Jacob @ iHeartBudgets.

I’d like to make you an offer of $100,000 – What can you do for me? :)

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By: J. Money https://eliteedgemoney.com/auction-off-future-income/#comment-118988 Mon, 22 Apr 2013 18:19:59 +0000 https://staging.eliteedgemoney.com/?p=32964#comment-118988 In reply to Philip Taylor.

Yeah, just saw that… Don’t think it really matters though – it’s the *idea* behind it all that intrigues me. And I know others are/have done it before in the past anyways :)

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