Jackal65
Expert Member
- Joined
- Feb 10, 2024
- Messages
- 2,353
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Not sure if I’m alone in this, but I’ve been thinking of ways to make extra money.
Every YouTuber seems to be doing crypto pump-and-dumps, and for the most part, they get away with it. I’m old I don’t understand crypto, but I do understand why people keep investing in anything. Some of us (and yes, we’ll never admit it) still play the lottery, even though we know the odds of winning are incredibly small.
Why do we do this? Because South Africa can be a tough place to make good money. So, I started looking into how much franchises make. Some of these businesses pull in R1.2 billion a year! That’s an insane amount of money. How is that even possible?
Now, granted, some franchises cost anywhere from R10 million to R13 million to start. That’s a lot, making it almost impossible for the average person to even consider investing let alone imagine it becoming profitable.
For me, retail has always seemed like the most realistic option. Owning and operating a mine or an industrial complex feels completely out of reach. But what’s even crazier is how many people get scammed out of thousands, and these scammers just walk free. They never intended to pay anyone back; they just followed a formula and conned thousands of people out of millions.
Investment scams aren’t new. We all know what they look like, yet thousands of people still fall for them.
So, my questions are:
Can we create a legitimate business and crowdfund it?
Can we design built-in investment protection?
Would it even work?
I don’t know. But let’s be honest how many of us have a retirement fund that will actually allow us to retire? How many of us have the skills to run a business successfully?
Scammers use the same old tactics: Give investors a false sense of security. But what if we could move past that? What if we could create a fund big enough to actually make an impact?
For example, imagine an app where everyone votes on what the fund should invest in, for how long, and within set limits. Once the cycle ends, the fund automatically pays out to all investors and resets, allowing people to buy into the next venture.
Would this even work? Honestly, I don’t think so. It would be way too easy for someone to turn it into just another scam.
So, for the programmers and smart people here how could we get something like this off the ground in a way that actually benefits us?
I am just ****ing tired to see people driving 4 million rand cars, living in 10 million rand homes and the rest of us can't even keep the ****ing lights on anymore. It is not about working hard anymore. Hard work has limits to how much someone is willing to pay for that work. That is a hard limit and face it, it is a big ****ing wall lately as more mines close, more business leave this country.
I know a family that was able to operate within the current business requirement restrictions and managed to get no less then 3 large retail stores. They obviously had money to begin with but many of us don't. that is what this is, how can we get ourselves to that level collectively without backstabbing, scamming and all the other ****? How do we do this on a legit doable level?
Well I have no ****ing clue and yes I am pissed at the dude that drove past me in his new blacked out R8 with no number plates. Here I am working past midnight and Eskom is about to **** me over so hard next month that I had to prepare for days that we will not have power on the ****ing meter.
Every YouTuber seems to be doing crypto pump-and-dumps, and for the most part, they get away with it. I’m old I don’t understand crypto, but I do understand why people keep investing in anything. Some of us (and yes, we’ll never admit it) still play the lottery, even though we know the odds of winning are incredibly small.
Why do we do this? Because South Africa can be a tough place to make good money. So, I started looking into how much franchises make. Some of these businesses pull in R1.2 billion a year! That’s an insane amount of money. How is that even possible?
Now, granted, some franchises cost anywhere from R10 million to R13 million to start. That’s a lot, making it almost impossible for the average person to even consider investing let alone imagine it becoming profitable.
For me, retail has always seemed like the most realistic option. Owning and operating a mine or an industrial complex feels completely out of reach. But what’s even crazier is how many people get scammed out of thousands, and these scammers just walk free. They never intended to pay anyone back; they just followed a formula and conned thousands of people out of millions.
Investment scams aren’t new. We all know what they look like, yet thousands of people still fall for them.
So, my questions are:
Can we create a legitimate business and crowdfund it?
Can we design built-in investment protection?
Would it even work?
I don’t know. But let’s be honest how many of us have a retirement fund that will actually allow us to retire? How many of us have the skills to run a business successfully?
Scammers use the same old tactics: Give investors a false sense of security. But what if we could move past that? What if we could create a fund big enough to actually make an impact?
For example, imagine an app where everyone votes on what the fund should invest in, for how long, and within set limits. Once the cycle ends, the fund automatically pays out to all investors and resets, allowing people to buy into the next venture.
Would this even work? Honestly, I don’t think so. It would be way too easy for someone to turn it into just another scam.
So, for the programmers and smart people here how could we get something like this off the ground in a way that actually benefits us?
I am just ****ing tired to see people driving 4 million rand cars, living in 10 million rand homes and the rest of us can't even keep the ****ing lights on anymore. It is not about working hard anymore. Hard work has limits to how much someone is willing to pay for that work. That is a hard limit and face it, it is a big ****ing wall lately as more mines close, more business leave this country.
I know a family that was able to operate within the current business requirement restrictions and managed to get no less then 3 large retail stores. They obviously had money to begin with but many of us don't. that is what this is, how can we get ourselves to that level collectively without backstabbing, scamming and all the other ****? How do we do this on a legit doable level?
Well I have no ****ing clue and yes I am pissed at the dude that drove past me in his new blacked out R8 with no number plates. Here I am working past midnight and Eskom is about to **** me over so hard next month that I had to prepare for days that we will not have power on the ****ing meter.