Posts tagged with make money online

In Tough Economy, Online Company Recommends Paying Money Forward, Not Back

January 24th, 2010

Ouyen, Victoria, January 23, 2010 – While most investors are recommending caution or cutting back on investments, online company PIF Bailout is asking customers to “pay forward” loans. The concept is based on one introduced in the novel and 2000 movie “Pay It Forward”, in which a young boy is inspired by his teacher to help 3 people and ask them only to help 3 more people in return.

The concept behind the loans is simple. A needy person receives a loan, and then gives money to additional people. In this way, everyone can benefit financially. As in the movie, the idea is that eventually everyone in the world will reap the benefits of one person’s generosity. The site features an 8-minute clip from the movie in order to illustrate this concept, as well as an explanation of the pay it forward concept as applied to money and the opportunity to participate in the loan program.

Interested people can sign up for the pay it forward loan program online. When people sign up, they are given money and seven sponsees. Each of those sponsees will pay a portion of their loan forward to seven more sponsees. PIF Bailout chose 7 rather than 3 in order to be able to impact more people more quickly.

Skeptics may confuse this process with pyramid schemes, which are illegal. Pyramid schemes, however, require each participant to contribute a small amount of money and put their names on the bottom of a list. Supposedly they will get this money back at a later time when their name reaches the top of the list. Customers very rarely get any of their money back in such a scheme. PIF Bailout does not require anyone to use their own money in order to participate in the program.

Interested people may visit http://www.moneywealthmaker.com to sign up for the pay it forward program. The website contains a clip from the Pay It Forward movie as well as information about how the program works.

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PIF Bailout
Desmond Healy
17 Williams street
Ouyen
Victoria, 3490
Australia
[email protected]
http://www.MoneyWealthMaker.com