Wiseman concept scam

[Mariana]

Pieksie

Jy het so pas uitgevind jy is die grootste SCAM in jou bedryf!
n Kommissie jagter en dan noem jy jouself n ADVISER! lol

[adrianh]

Mariana - you were given a fair oppertunity to make your case but you rather took the time to insult each and every person who responded to you negatively.

I take it that Pieksie kicked your dog or stole your boyfriend, I can't think of any other reason for the way way treat her.

Then you went on to write a bit of cryptic waffle to those who are genuinely interested in your concept.

If it was up to me I would toss yout butt off the forum!

[Justloadit]

Marianna doth protest to much, which leads me to believe that it if it is too difficult to grasp, then it means that it is a scam.
We are a pretty intelligent bunch on this forum, from all walks of life, and if none of us can grasp what this is, then you know know it is snake oil!

[Citizen X]

Thank you Citizen X!
You seems highly intelligent!
Answering a question the way you do, make you different from all the Davids and Ayjay's out there! Keep it up!

Ok...here comes my side of the story:
What I am about to show you is not "Wiseman Concept" but to prove to you that "ZERO" does exist!
This is not more than 14 year old mathematics, however the "Wiseman Concept" has been proved 5 x better than the "zero" formula!

The old system:
PLAN A ......A husband and wife saves over 4 years R 150 000 to buy a car for their son.
Currently awaiting the driver licence fiasco they invested the money with Allan Grey @ 10% per year ( Lets talk round figures ) earning R 1250 pm interest.

PLAN B ......A friend with very little financial sense suggest that they leave the R 150 000 in the bank and rather borrow R 150 000 @ 13.2% per year for 20 years.
This friend with little knowledge about anything was treated like an idiot because he suggested to pay R 1650 pm for 240 months and 3,2% more interest! Shame!

EVERY ONE CHOOSE A:
Why? Because it look cheaper!
What you are about to see is that the person choosing (A - cheaper plan ) think with his eyes and ears and not with his brain - many years will result in no brains and bigger eyes and ears, unfortunately the person choosing ( A ) lost R 240 000 in 7 years by listening to his eyes and ears!

Those who chose ( B-the more expensive plan and 20 years ) have gained the economy R 657 000 in 7 years, they got the bank to pay R 7000 to buy the car, fully paid the car, the bank interest was fully paid, the loan of R 150 000 was fully paid, the car is in the garage, and the the husband and wife has R 177 000 in the bank... R 27 000 more than what they saved, and the drove the car for 7 years.

NOW!!!
GO TO STANDARD BANK WEBSITE
www.standardbank.co.za
Click on "HOME LOANS"
Click on "CALCULATOR:
Click on "WHAT HAPPENS IF YOU PAY MORE OR EXTRA"

USE YOUR CURRENT AVAILABLE RATE ( BETWEEN 7.5 - 8.5% )
Leave your money in the bank - use the interest to add as additional payment ( R 1250 )
YOU WILL SEE THAT PAYMENT OF THE LOAN WILL BE APPROXIMATELY 5.8 YEARS AND NOT @) YEARS ( Poor David & Ayjay )

NOW!!!
Between 5.8 years and 7 years ( Perfect figure ) approximately 14 months are left over after the bond is paid in full, the R 150 000 remains in the bank earning R1250pm + R 1650pm because the installment were paid up = R 1950 x 14 months = R 40 600. WOW!!! But the family lost R 400 pm x 84 months because the were getting R 1250 interest and paying the bank R 1650 pm ( -R400 ). NOW!!! -R400pm x 84 months is R -R33 600, NOW !!! You saved R 40 600 in 14 months, you lost -R 400 because you have chosen (B) R 40 600 - R 33600 = +R 7000. ( Poor David & Ayjay )

NOW!!!
The bank lost nothing - R 0.00
They got the full R 150 000 paid back
They got all their interest + personal getting paid, creating thousands of JOBS - cool stuff!!
The car dealer has been paid his full R 150 000 - mechanics, sales staff, admin staff, cleaners, managers etc getting to work again - cool stuff!
The factory got there R 130 000 for building the car - thousands of factory workers, admin staff etc - cool stuff!
And you as the client ( husband & wife ) got R 177 000 in their bank, calculated as follow: R 150 000 remain in the bank, sell the car for R 20 000 ( Scam system ) and the bank paid you R 7000 to buy the car! ( Poor David and Ayjay and all the poor suckers out there who believe DAVID when he say its a scam )

David I have news for you - come right or face major financial problems in your life - don't steal money from your family's by NOT DOING THE "WISEMAN CONCEPT"

A very good morning to you Mariana,
Since I've joined TFSA, I realised that this is a very reputable business and information community. We look to certain members to keep us in the loop about any potential scam(not saying yours is). I do know that trust, inegrity and reliability are cornerstones for continued success! Hey, if what you doing is legit and complies with all legislation etc, then I wish you everything of the best going forward. Just don't mess this 'right of reply opportunity,' up. Don't underestimate the bad press you can get from the way you respond here! Always keep the responses polite, courteous and without any disdainful language....

[adrianh]

So how do you do this in practice. No bank is going to give you a 20 year bond on even a R1.5million car because a car is a depreciating asset whereas a house is an appreciating asset.

[wynn]

I think I see a little of what Mariana is saying, but you need the cash price of the vehicle first.
If you keep your money in the bank, take out an HP or lease on the vehicle, use the interest you get to top up and amortize the HP over a shorter period, say 2.5 yrs instead of 5 at the end of the 2.5.yrs continue paying the HP amount that you would have paid anyway, but now you pay into your bank account for the rest of the 5 yr period and you will have more money than the car and the Half of the HP cost originally, because you have your interest plus half the period of the HP payments in the bank???

This will work for a bond as well but you need to have the purchase price first, not like most of us 'moegoes' who have 'niks' but a job and a credit facility to start with.

[Justloadit]

Well what is not factored into this calculation of course is the tax you pay on your interest earned. If I am not mistaken, only the first R20K of interest is exempt, and the balance of their interest is then added to your yearly income, and the total amount is then used to calculate your tax. Depending on this figure, it may have a huge influence on your compound interest.

Plan A, does not pay any tax on their installments,
and
secondly Plan A, as you say for plan B, still does the following - "The car dealer has been paid his full R 150 000 - mechanics, sales staff, admin staff, cleaners, managers etc getting to work again - cool stuff!
The factory got there R 130 000 for building the car - thousands of factory workers, admin staff etc - cool stuff!"

[Justloadit]

There is a saying that "Cash is King" however if you do not have the cash, there is no way of building your wealth, but to start by borrowing.

[Dave A]

Anyone got a really good Excel amortisation schedule spreadsheet? The tool I normally use isn't postable as an attachment.

[wynn]

I remember a few years ago there was a system that if you cashed in enough of your pension to pay off your house then continued contributing what you would have paid the bank on the bond on the house back into the pension scheme, at the end of a twenty year bond period you would have more in the pension scheme than if you had maintained the status quo??
Basically you would have earned the banks portion of the interest on the bond which was a hell of a lot more than the miserable interest the pension scheme contributed to your policy.

Of course you had to diligently pay every month or you would lose out.

[Mariana]

You don't have to be interested...........we only deal with the more intelligent level of people...I mean if you can't see where you are going...your'e a lost case!

[adrianh]

Ah, I see you're back to promote your idea by insulting everybody.

[pieksie]

Pieksie

Jy het so pas uitgevind jy is die grootste SCAM in jou bedryf!
n Kommissie jagter en dan noem jy jouself n ADVISER! lol

Waarvan praat jy vrou? Genade, en jy wil hê mense moet jou ernstig opneem? Al wat jy doen is om mense te beledig.

En nee, ek noem myself nie 'n adviser nie, het nog nooit nie en sal ook nooit nie. Weet nie waar kom jy daaraan nie.

Ek sal nie verder reply op jou silly posts nie want ek is nie hier om te baklei nie. Tensy jy actually iets sinvol kan sê maar ek sal nie my asem ophou nie.

Jy is 'n joke.

lol

[Citizen X]

It finally occurred to me! I stand corrected! Initially I said, this particular thread had a tabloid effect for me, a reality tv effect, and that this was very appealing indeed! Right concept, wrong show! Jerry Springer, that’s what some of the interactions here remind me of. We don’t have the boxing ring bell though!
Some advise to future respondents:
1. Give a proper right of reply, focus only on the merits;
2. Deny the allegation and clarify, state your case briefly, clearly and concisely so that we may all follow what is actually transpiring between the parties;
3. Don’t become defensive, rather just deny, but being defensive makes you look guilty! You may not be guilty of the allegation but by demonstrating defensiveness you come across that way;
4. Don’t become offensive, saying nasty, personal things about the person complaining, again, it just doesn’t make you look good!

[Dave A]

Personally I just leave people who think they're winning the argument by insulting others to shoot themselves in the foot.