Money Aggregation (Ways to Pool Money) and What We Do
Aggregate, accumulate, save, invest, build a nest egg... call it what you will, the "ways" to establish a pool of money are diverse. So, let's talk about what we do and how it fits into this context of building your bank account. You are no doubt aware of the phrase that "it takes money to make money". Here is the reality: it does. You need savings in a bank for it to gain interest. You need a broker or brokerage account to put money into and hope stocks appreciate. You need the funds to buy a fixer-upper to upgrade and then flip for a profit. If you can think of a scenario where it does not take money to make money, I am curious to hear about it. Like all of these, our business requires an initial outlay of money. This is based primarily on two factors. Means (does someone have the money) and risk tolerance (how do they view potentially losing this amount of money?). What we do is not traditional. We aggregate peop...