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01-26-2017, 02:45 PM
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#81
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,339
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 Quote:
Originally Posted by nun
I actually don't want to report this thread and have it closed because it's so funny.
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Well, it does have some entertainment value.... 
__________________
When I was a kid I wanted to be older. This is not what I expected.
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01-26-2017, 02:56 PM
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#82
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by kgtest
My point was a pyramid scheme. It's all one big pyramid scheme called "life" 
My other point was owning a profitable business will indeed take time if not ultimately fail outright...its a lot of work. |
What doesn't take work? I am glad I didn't see this kind of info 20 years ago, I would have never opened my business and would never be on the verge of FIRE because of it. False advise. There are alternate facts. 
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01-26-2017, 04:03 PM
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#83
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Quote:
Originally Posted by Ramonjp
To be clear I've been with this company for 3 months and I've gained over $7k. Those screaming pyramid scheme are the ones who either never applied themselves or didn't research the company before joining. This company has an A+ rating with the BBB. just because you didn't have success with whatever company doesn't mean that all are schemes! Find some dirt on MyEcon and post it. I'll wait......
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Surely you know that the people on this forum are largely financially independent, or heading that way, by managing their own money. The "services" you are promoting are useless to us. You already posted the dirt on MyEcon by posting the links to the "company" website.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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01-26-2017, 04:15 PM
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#84
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Administrator
Join Date: Apr 2006
Posts: 23,035
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The continued existence of this thread will make the most sense to those who have cats.
__________________
Living an analog life in the Digital Age.
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01-26-2017, 04:15 PM
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#85
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Quote:
Originally Posted by Ramonjp
To be clear I've been with this company for 3 months and I've gained over $7k. Those screaming pyramid scheme are the ones who either never applied themselves or didn't research the company before joining. This company has an A+ rating with the BBB. just because you didn't have success with whatever company doesn't mean that all are schemes! Find some dirt on MyEcon and post it. I'll wait......
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Ramon, I have an excel spreadsheet that I use to manage my finances and optimize my taxes. That coupled with FireCalc and iORP are free to you (plus S&H). These products and my proven strategies will lead to your financial freedom.......actually that is all true apart from the S&H....there's no S&H...its all free.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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01-26-2017, 04:16 PM
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#86
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Quote:
Originally Posted by Gumby
The continued existence of this thread will make the most sense to those who have cats.
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I don't have cats....I'm confused.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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01-26-2017, 04:23 PM
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#87
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Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,390
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Ramon, I do not think there is a get rich quick way out there. Those who are rich spend considerable time and effort in getting there. I am not sure if you created this thread for laughs or if you really think you will get some suckers. We have all worked hard for our money and have no intention on giving it to suspect practices.
__________________
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger
The first rule of compounding: Never interupt it unnecessarily. Charlie Munger
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01-26-2017, 10:56 PM
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#88
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,078
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Quote:
Originally Posted by Ramonjp
To be clear I've been with this company for 3 months and I've gained over $7k. Those screaming pyramid scheme are the ones who either never applied themselves or didn't research the company before joining. This company has an A+ rating with the BBB. just because you didn't have success with whatever company doesn't mean that all are schemes! Find some dirt on MyEcon and post it. I'll wait......
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Taking the high road, I'll say that I fear you are headed for disappointment. After all the $7K in 3 months = $28K/yr but if this is gross, then you are pocketing a lot less.
I certainly hope you are not counting the taxes you didn't pay as part of that $7K 
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01-27-2017, 06:09 AM
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#89
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Quote:
Originally Posted by Sunset
Taking the high road, I'll say that I fear you are headed for disappointment. After all the $7K in 3 months = $28K/yr but if this is gross, then you are pocketing a lot less.
I certainly hope you are not counting the taxes you didn't pay as part of that $7K |
Ramon is just trying to generate leads. myEcon looks like a pyramid scheme. They sell some "financial planning products" to people and then want them to sell those products to new people.
Ramon, my advice to you would be to forget about myEcon and "wealth creation schemes". Read the bogleheads wiki and maybe ask some honest questions on this forum and we might be able to save you a lot of money and grief. Also I hope you realize that you will be paying self employment taxes on the profit from your HBB and any deductions that reduce your income tax won't work to reduce the SE tax.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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01-29-2017, 08:21 AM
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#90
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Quote:
Originally Posted by Sunset
Taking the high road, I'll say that I fear you are headed for disappointment. After all the $7K in 3 months = $28K/yr but if this is gross, then you are pocketing a lot less.
I certainly hope you are not counting the taxes you didn't pay as part of that $7K |
Part of the gimmick is that you have a home based business and you used business deductions to reduce taxable income. You generate the income by getting new clients and selling them services who in turn.......etc, a classic pyramid scheme. If that isn't bad enough I haven't seen any mention of the self employment tax that you have to pay as a sole proprietor.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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01-29-2017, 09:32 AM
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#91
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Posts: 1,495
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OK, I'll admit I watched the video. The video, I'll admit. was quite well done. The content however was laughable. Strategies guaranteed to have the IRS knocking on your door.
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01-29-2017, 02:39 PM
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#92
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Full time employment: Posting here.
Join Date: Apr 2014
Location: Houston
Posts: 958
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Quote:
Originally Posted by Ramonjp
.......This company has an A+ rating with the BBB. ...
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Just to clarify the above comment.... The company is not accredited by BBB. The A+ rating is a customer rating based on just 4 customer reviews. Link to BBB rating site.
Ramon - if you are serious about long term wealth building....this isn't the path.
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01-29-2017, 02:50 PM
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#93
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Full time employment: Posting here.
Join Date: Apr 2014
Location: Houston
Posts: 958
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Quote:
Originally Posted by Ramonjp
T......Find some dirt on MyEcon and post it. I'll wait......
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Since you asked... Here's a nice summary of what the company has to offer. Link
Bottom line as other's have posted, this is a classic pyramid scheme. And the leaders of the company have been in trouble in the past. From the above article, doesn't sound like they are too good at wealth generation....
Ivey Stokes and Alvin Curry, the founders of MyEcon, were Chairman and CEO, respectively, of a company called Maxxis Group Inc, an MLM that was founded in 1998. It specialized in communication services, marketing services, and nutritional products (Body One?). The company filed for bankruptcy in 2003.
In 2006, Curry and Stokes were listed as defendants in litigation brought by the appointed Chapter 7 trustee in Maxxis bankruptcy hearings. Apparently, based on the court document, the trustee sued Stokes, Curry and others for breaching their fiduciary duty, for corporate waste and deepening the insolvency of Maxxis. In other words, they didn’t act in the best interests of the company.
Also listed in the Maxxis complaint was Larry Gates, current COO of MyEcon. And, Dr. Naomi Kirkman-Bey is listed as MyEcon’s CEO. She was also listed as a creditor for Maxxis Communications. That’s way too many connections to the bankrupt company for me.
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Wealth creating strategies
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01-29-2017, 04:16 PM
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#94
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Wealth creating strategies
I fear that it's too late for Ramon. He's probably spent a lot of money to become an Associate and is now frantically trying to make the pyramid scheme part work. The ironic thing is that if he stuck around here he actually would learn a lot if useful things and get free help with his finances from people with nothing to gain.
Sent from my iPhone using Early Retirement Forum
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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01-29-2017, 04:51 PM
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#95
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by nun
............ The ironic thing is that if he stuck around here he actually would learn a lot if useful things and get free help with his finances from people with nothing to gain................
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Who wants to hear about boring get rich slow techniques? Get rich quick is so much more appealing.
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01-29-2017, 05:11 PM
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#96
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,246
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What a bunch of wimps! Dare to be great! 
Blah, blah,blah..... it just never ends.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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01-29-2017, 05:13 PM
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#97
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,246
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Shooting for the financial stars? Odds are, you’ll end up with imploding investments and a penny-pinching retirement. --HumbleDollar
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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01-29-2017, 05:14 PM
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#98
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Full time employment: Posting here.
Join Date: Mar 2008
Posts: 979
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Dare to be something anyway.
__________________
I'm free and I like it!
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01-29-2017, 06:17 PM
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#99
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Posts: 2,232
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Quote:
Originally Posted by Whisper66
Since you asked... Here's a nice summary of what the company has to offer. Link
Bottom line as other's have posted, this is a classic pyramid scheme. And the leaders of the company have been in trouble in the past. From the above article, doesn't sound like they are too good at wealth generation....
Ivey Stokes and Alvin Curry, the founders of MyEcon, were Chairman and CEO, respectively, of a company called Maxxis Group Inc, an MLM that was founded in 1998. It specialized in communication services, marketing services, and nutritional products (Body One?). The company filed for bankruptcy in 2003.
In 2006, Curry and Stokes were listed as defendants in litigation brought by the appointed Chapter 7 trustee in Maxxis bankruptcy hearings. Apparently, based on the court document, the trustee sued Stokes, Curry and others for breaching their fiduciary duty, for corporate waste and deepening the insolvency of Maxxis. In other words, they didn’t act in the best interests of the company.
Also listed in the Maxxis complaint was Larry Gates, current COO of MyEcon. And, Dr. Naomi Kirkman-Bey is listed as MyEcon’s CEO. She was also listed as a creditor for Maxxis Communications. That’s way too many connections to the bankrupt company for me.
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Well, I'm sold. Where do I send my money? I want to move my finances.
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04-05-2017, 03:29 PM
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#100
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Full time employment: Posting here.
Join Date: Feb 2007
Posts: 599
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What happened to Ramonjp?
Do you suppose he made his millions and retired?
Oh, I know... he's working on his second million... he lost his first million on bogus pyramid schemes!
__________________
Dreamin' of Streamin'
FIRE'd at 52 on 7/8/11
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