Feb
02

Reverse Millionaire

As I continue to save some of the little money I earn, in the hope of one day becoming a millionaire, I would like to share with you another concept of financial wealth most people have never heard of before, the reverse millionaire.

I had a work mate introduce me to this idea almost a decade ago, he said:

“When I die, I hope I owe a million dollars to the bank, because then I will know that I had spent all my money, and had also spent another million dollars along the way.”

What an interesting concept, Here I am approaching middle age, and I don’t know yet if I have even made a million dollars in my life, certainly not after tax.

Having thought about this a bit, I realized the concept of becoming a reverse millionaire is actually easier than you may think.

 

How To Become A Reverse Millionaire:
(Do Not Try This At Home)

 

Step #1 – Borrow a Million Dollars

Option 1 – The Sneaky Borrow

You would need to get a job, preferable a good one, all the while using several credit cards wisely by always paying off the debt. Your responsible use will cause the credit card companies to continually up the credit limits on the cards as you prove yourself to be an upstanding customer. You will find it is not actually that difficult to get the credit limit of a credit card up over $20,000, and with hard work and savings, you could quite possible get them as high as $50,000 – $100,000 each. You should also get lines of credit, and multiple bank accounts with overdrafts at as many banks as possible.

Several high limit credit cards from several banks, as well as your lines of credit and bank accounts overdrafts all cashed out on a single day, could quite easily, and quickly get you the million dollars in cash you are looking for.

Legality = Questionable

I wonder if this is legal. If it is, and too many people try it I am sure there would soon be some sort of “Reverse Millionaire Law”, maybe you could get away with it, but you might want to consult a lawyer first.

Option 2 – The Hard Work And Saving Method

This is the way your parents and school teachers probably told you was the way to get rich, and in the end would lead to the biggest pile of cash.

Go to College, get a steady job, work hard, invest wisely, and save enough money that the bank doesn’t mind you borrowing another million dollars.

Legality = Legal

This will probably never happen to me, though I have gone to college, and do save, but the getting a steady job part unfortunately is my fall down. I just can’t stand “Working for the Man” more than a few years in a row.

Option 3 – The High Interest Method
Reverse Millionaire Compound Interest Graph

Rather than doing the hard work yourself, you can simply let the magic of compound interest do the work for you, by my calculations if you can get enough credit at the age of 25 to borrow just $6,500 at your average credit card rate of 20.5%, with no additional work needed, you will become a reverse millionaire by the age of 50.

Legality = Legal

Hmmmm, I don’t think this was exactly what my work friend meant by this. I think what he was talking about was actually spending an additional million dollars before he died, this is more about the man sticking it to you rather than you “sticking it to the man”. Though definitely not the method of choice, it is something to consider.

Step #2  – Going Beyond Broke

Assuming you did not pick Option #3 above, you now have one million dollars of the banks money, as well as a bunch of your own, this does not yet make you a Reverse Millionaire. To become a true Reverse Millionaire, you must liquidate any assets you have, and spend all of it before the bank takes it away from you.

For myself I am pretty sure I would want to get out of whatever country I did this in as fast as possible, so I would probably spend a large chunk of money initially on something like a yacht, to carry myself, my money and possible a couple of supermodels somewhere beyond the banks reach. The yacht would then be liquidated as quickly as possible into cash or crypto, before the bank put a lien on it. I could then commence my decade or so of endless partying somewhere in the tropics until finally becoming a Reverse Millionaire.

Reverse-Millionaire-Success

Jan
24

“Billy’s” Balloon – A Concerning Fear

When we think of balloons, we usually think of simple multicolored objects of fun. We know that children enjoy them, but we overlook the obvious dangers of the device.

Not only are they made of highly expandable rubber, or latex, which when given to a child is often punctured and exploded, causing dangerous flying debris, possible hearing damage and leaving the child with a choking hazard in his reach, but there are other serious dangers unknown to most of us.

This video shows yet another reason why children should not be left alone with balloons.

Billy’s Balloon

Nov
27

Have A Nice Day Shirt – Funny Soldier Smiley Face Tee

Have A Nice Day Happy Face Soldier Shirt

Have A Nice Day Shirt - Click Image $19.99USD

Hi there,

You might be a bit surprised to see us appearing from behind your neighbor’s house, really we don’t mean to startle or upset you.

We apologize for cutting off your electricity, we know the food in your fridge is starting to go bad, the lights are not working, and you can no longer watch your programs on TV.

We really do understand this is all a bit of an unexpected inconvenience.

You should be happy to know though, my friends and I came all the way from our side of the world to yours, in a giant nuclear fusion powered ship, got dressed up in our cool bullet proof outfits, and drove our awesome tank across your whole country, just to give you this very important message:

Have A Nice Day !

Nov
06

Canadian Study Of Various Drugs Effects On Wood Spiders

We are all quite used to the warnings echoed to us thousands of times throughout our lives about how bad drugs are for our mind and body, and how important it is for us to to stay away from them. We are told that they will usually either turn us into complete idiots, needy junkies, or might even start destroying everything, and everyone we love.

We have been shown drug use analogies such as eggs frying in a frying pan, or a frying pan smashing an egg, we are being told that is what it feels like to be on drugs. It is not a very positive message to say the least, but really it lacks a lot of reality, and does not really explain what happens to our minds. I mean are we really supposed to believe that a drug addict will spend all of his money to feel like someone is frying his brain in a frying pan?

Thankfully the Canadian Government has released a new video which teaches us the real effects of drug use. Although similar studies have been done before in England where they feed drugs such as cocaine, heroine, LSD, Speed and Marijuana to spiders, this Canadian study has really taken this to a new level.

Please watch this important one minute video and realize the actual reason why drugs are illegal, and the dangers they hold.

Nov
05

Russians Train Rodents As Secret Weapons

Since man first crawled out of the primordial muck and started to walk on two legs, we have spent an awful lot of our time and energy trying to think of new ways to kill one another. Beyond the machines and devices we invent to cause harm. We also have used animals in warfare, and often trained our fellow humans into lethal weapons through the martial arts.

It seems the Russians have now taken these basic concepts of warfare, and combined them in a new and all too deadly way. Possibly inspired by the real life documentaries of the Teenage Mutant Ninja Turtles, or G-Force, they have started training their own breed of Mutant Ninja Hamsters.

This incredible video footage was taken from a secret KGB stronghold in Russia earlier this year. The estimated human cost of bringing this important film to you is somewhere between zero and a million human lives lost, but it’s vital knowledge could save the lives of billions.

Go to top
Translate »