D
Deleted35442
Guest
I don't know if this is for everyone. But the idea of having immediate debt relief is quite appealing. I've always thought that a pissy little credit score as a measure of your responsibility to pay your bills is ridiculous. I've theorized tons of creative financing ideas and this already exists but the options out there are quite limited. In 1954, it was Milton Friedman who proposed a system where people could essentially sell stock in themselves. An income share agreement written up on either a fixed or indefinite timeline for a % of future earnings in exchange for a lump sum now.
Some examples out there (very few):
Pave. (Loan based on this model) https://www.pave.com/
Upstart (Loan, same, based on education/experience) https://www.upstart.com/
Thrust Fund (My favorite, NOT A LOAN. Claimed to finance people based on lifetime earnings. Apparently a girl raised $600K for 6%) http://www.thrustfund.com/
This is almost all there is though. I'm surprised a crowdfunding version of this with a Kickstarter-like UI doesn't exist. Imagine a platform where people actually LISTEN to the cliffs about your life story and can invest in you (maybe even future projects), maybe even have timed tests to demonstrate basic money management knowledge. Would you bet on people here? Discuss.
Update: http://www.entrepreneur.com/article/228534
Somewhat Similar, Peerbackers and Rockethub looks promising.
Some examples out there (very few):
Pave. (Loan based on this model) https://www.pave.com/
Upstart (Loan, same, based on education/experience) https://www.upstart.com/
Thrust Fund (My favorite, NOT A LOAN. Claimed to finance people based on lifetime earnings. Apparently a girl raised $600K for 6%) http://www.thrustfund.com/
This is almost all there is though. I'm surprised a crowdfunding version of this with a Kickstarter-like UI doesn't exist. Imagine a platform where people actually LISTEN to the cliffs about your life story and can invest in you (maybe even future projects), maybe even have timed tests to demonstrate basic money management knowledge. Would you bet on people here? Discuss.
Update: http://www.entrepreneur.com/article/228534
Somewhat Similar, Peerbackers and Rockethub looks promising.
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