Quote:
Originally Posted by lazycash
Its a monthly payment to Rick, not week. He's doing 25-30k/mo in sales and he gets a third of that, not bad for a guy that 18 months ago had no adult income.
|
yeah but 18 months ago he had $350,000 in cash. While he is making some adult income now, he also has borrowed heavily against the domain, has it in hock and is "pay check to pay check" living on the edge. It's just a matter of time before he loses the domain and is left with nothing.
Considering his state of mind, he would be better off if 18 months ago he would have locked that money up into a very safe investment even with a low percentage rate he could have received around $2,000 a month for 30 years. And he wouldn't have had any business expenses to pay for and no way for him to risk losing that money, basically 2K a month for the rest of his life.