Why Lawn Chair Millionaire’s maths doesn’t add up
Today’s Adventure in the Biz Opp Jungle:
‘In which Charlie nearly gets hit by a tonne of bricks, finds that the maths for Lawn Chair Millionaire don’t add up, gets better news about Little Acorns from his trusty forum.’
Hi,
Are you allowed to chuck bricks off a three storey roof?
The reason I ask is that on Friday I was walking down my street... dog in tow... and had to cross to the other side to avoid being flattened by bricks.
A bunch of workmen on top of scaffolding on a roof three storeys up... a tiny skip on the road below... and they’re hurling slate and whatnot into it like it was a fairground stall.
“ROLL UP, ladies and gentlemen, chuck your masonry from a great height! Get it into this tiny skip. Win a goldfish!”
There were parked cars on either side of the skip, and ME walking underneath.
“That’s right, win a giant teddy if you hit the biz opp writer and his dog!”
Weird. I never knew it was actually possible to get hit by a tonne of bricks.
I also thought you were supposed to use a chute to slide debris off a building site... and block off the pavement in between... but there you go.
What do I know about these things?
Anyway, all this has NOTHING to do with today’s email....
Or has it?
Why being hit by a tonne of bricks is better than this money-shuffling opportunity
I’ve been looking at the Lawn Chair Millionaire this week. It’s described as a “money share plan”. This means it’s a way of you sharing your money with someone higher up.
Really, even the official spiel from the people behind the Lawn Chair Millionaire Money Share Plan says:
“The moment you LOCK IN your position in the Moneyline you LOCK IN your Moneyline Pool shares! Your first share is paid to you at midnight the day you join.
Every time you sponsor a new member you earn a $20.00 Fast Start Bonus that gets allocated immediately when the sale is made.
You earn a $15.00 Referral Bonus each and every month that your personally-referred members stay active by maintaining their subscription to The Vault.
Additional daily, weekly and monthly Leader Bonuses are announced by Lawn Chair Millionaire periodically. These bonuses are to compensate those who help their personal members duplicate their efforts.”
In my view, so this isn’t strictly a business. Not something where you create a product or service. No selling something of value.
It’s just a way of shuffling money about.
That’s money shuffled from YOU, the poor person at the bottom.... up to the top, where a FAT CAT sits in a pair of golden underpants, surrounded by scantily clad ladies and occasionally firing a shotgun at peasants.
(That’s peasants, not pheasants).
But fine. Some people love that kind of thing.
And with me being all negative like this, I fully expect the usual enraged emails from people who are in this particular pyramid – sorry! Cough! My mistake – ‘MULTI-LEVEL MAREKTING’ scheme.
Perhaps the blokes throwing stuff off the roof today were secret MLM hitmen sent to stop me spilling the beans”
You never know.
Even if this scheme is a bit shoddy, can you make money?
According to someone who has used this, the maths don’t quite add up. Check this out:
“ The truth about this program is that the moneyline pool only pays on the members that join that day. Next this commission is paid out over the next 3 months. I joined and received $75 in moneyline commissions, but this is split over 3 months.
So, I spend close to $80 to join and received $20 back in commission. Is this a wise passive income investment?
Staying in the program will cost $80 to join plus $25 a month after that. So if I stay in my 3 months, it will cost me $130, and I will make $75. I'm at a loss from a passive perspective.
The next hitch I discovered is that in order to receive my commission I needed the company's debit card. If I sponsored no one (passive remember!) then the debit card costs $39.99.
Remember, I've already invested $80. Add $39.99 to that to receive $20 in commissions?"
Another critic complains that the actual income earned passively is “exceeded by the join fee and the debit card fee by a ratio of 2 to 1.”
In summary, then, I'd avoid.
Onto better news...
Can little acorns grow into healthy CASH trees?
One user says:
“I recently invested in 'Little Acorns' and have to say it is unbelievably easy to use, however am finding it very frustrating when there appears to be no qualifying horses/races for a particular day i.e yesterday 08/07.”
And other says:
“With Little acorns you do need patience. But i have bags of patience if it returns me a profit!! I think that may be the problem with a lot of systems people haven’t got patience and so include non qualifiers - dangerous!
Some days however, i have had 5 or 6 selections but that was in the winter on the all-weather. Yes, its called Little Acorns for a very good reason.”
I agree with this last sentiment. In the biz opp jungle, it’s the patient people, willing to take a few knocks, who ultimately get ahead.
There’s plenty more about this opportunity. Just type “little acorns” into the forum search box and it will bring up the relevant thread.
Same goes for anything you happen to be interested in. Pop in the name of the product and any threads that mention it will come up.
Later alligator
Charlie Wright
The Biz Opp Jungle