who is Reza Mokhtarian?

Off topic: Your location and name......
La mamma dei fessi e sempre incinta. (The mother of idiots (fools) and getting pregnant.)

If the translation is correct this is rather funny.
I can only imagine the story behind this.........

 

The mother of a fool is always pregnant

It's an old Italian saying my grandmother always said. Like a "Yo Mama" joke

 

Thank you.

 

Phil:

Sorry for your problem but I hope your lawyers are aggressive with this.

In addition to the personal liability of Brenden, you may be able to get trebled damages if you can show fraud. Further, if you can show a few communications between Brenden and Reza your lawyer may be able to make a RICO case against them which could shut down these ****ers for good.

Good luck.

 

+1 It still amazes me how many people are trying to fall for this crap.

I've been stalking this thread, and similar Instagram - Internet "superstars" who claim to make millions, and make others millions.

Its incredible that these guys have 200, 300K ++ followers on Instagram, (mostly 15-19 year old boys) but their popularity and exposure is getting them more financial income.

Its funny that on their IG pages, are full of stupid "inspiration" quotes and pics of their cars, homes and slutty girlfriends. But really no photos of their office, let alone any photos of them actually working at their job!

Seems like a huge Ponzi scheme waiting to be uncovered.... the more exposure / followers these guys get, the more they are able to "make money". IE pay off investor money with new investor money. The classic Ponzi trap.

 

Thanks for the laugh of the day!

 

Haha.. Thanks

My comments were not directed to one particular individual, but all of these "scammers" in general.

Its a classic Ponzi / Pyramid / Investment / Multi-level-marketing scheme. The guys at the top promote and show off heavily all of their "achievements" and show the poor b@stards undeneath that they can get the same cars, homes and women that they have.

All they need to do is invest their hard earned money with them, but in reality their return will be paltry compared to the top guys. If not even attainable at all...

Special notice shouyld be given to the leaders who spend lavishly, if not foolishly in a short period of time. Making money from investments and real estate takes years, and many strong relationships with clients and corporations are required.

Here are some recent crooks which I have encountered ... note that many of these leaders spent an incredible amount of money on bonuses, homes, and cars in a short period of time. Red flags need to be raised !! (gotta love the guy from GTA who bought a Vanquish, Mclaren Spyder and Bentley within 8 monhts !!! As if he just won Lottomax ! LOL)

http://www.metronews.ca/news/toronto/2015/11/27/real-estate-firm-that-ran-contest-for-toronto-fc-misused-funds.html

http://www.thestar.com/news/gta/2012/04/07/families_face_financial_ruin_after_placing_trust_in_oakville_broker.html

 

Sad. Why don't people try this: work hard, save a few bucks and live within your means.

 

Hey Jay.. your name/description is perfect for this thread !!!

(la mamma dei cretini e sempre incenti)

 

Derailing the topic a bit , but I die a little inside when I hear this thrown around.

This whole notion of "living within your means" is quite easy to throw out there, but what exactly constitutes "living within your means" these days? While looking to hire someone and doing a bit of market research, I came across an ad for an experienced (degree/2 years exp.) Marketing/Admin person to work full-time for... $28K (!). What's that.. $20K after taxes? I doubt that company will hang onto someone for more than a few weeks before they bounce..

This instance might be an outlier, but it's closer to the mean that you think. My point simply is that it's getting increasingly difficult for an increasing amount of folk to "get by on their means". I'm all for working harder and smarter than the next guy to enjoy life's luxuries, but the noose seems to be getting tighter for the less fortunate and their offspring and that concerns me about the future - I don't have a solution, just my observations.

Sorry for the rant and I don't mean the above at you directly.

 

This is just sad. I think we will see more of these come out if the market cools off...

The only certainties in life are death and taxes! 12% guaranteed my a$$

 

+100 Agree. Times are tough for a lot of people and businesses, so people are increasingly looking for a better solution to invest their money. Problem is, inexperienced and/or greedy people are invseting their money foolishly.

Lets say there is 1 fool out of 100. If a crook can meet with 1000 people, then he can get 10 fools as clients. So there is a sales model right there...

Banks, stocks, bonds etc. are all paying poor-mediocre results these days. Everyone is thinking the same thing... "There must be a better and easier way to make money !!"

These crooks have no problem taking your hard earned money for just this reason.

As times get tougher... the crooks get richer !


Again, a "Ponzi scheme" has been around for 100 years, if not since the invention of money. Wise, conservative people will really do their dilligence and investigate before parting with their cash. Or else make money the good old fashion way.

 

Well if you're only making $28K a year you don't buy a house you rent. You don't buy a new car every three years, you don't eat out every night, you don't have kids! My grandparents never bought a thing on credit and my grandfather never made more than $20 hr. You know what? He has a home worth $1+ million, has no debt and has money in the bank. It's called working hard and having self control.

 

It's just that easy huh? Who knew my local starbucks Barrista's were going to be millionaires and debt free, if only they didn't buy a new car every three years and didn't eat out every night or have kids. <sarcasm>

 

It actually is that easy. People just **** up too often.

Kai

 

+1. It really is. If you can't afford it you don't buy it.

Like Michael Jackson said:

If you can't feed your baby
Yeah Yeah
Then don't have a baby
Yeah yeah
And don't think maybe
Yeah yeah
If you can't feed your baby
Yeah yeah

 

This is spot on. I know this from observation and personal experience.

Yes, there are faster ways to make money but not everyone is a Warren Buffett, or thinks like one, and don't spend a life time in the finance world.

 

Nothing in life is easy except cheating.

There have been thousands and thousands of wealthy people in this conntry (many immigrants) that started out at the bottom and worked their asses off to get ahead, went to school, got smart about handling their money and LIVED WITHIN THEIR MEANS until their wealth was self sustaining (with purposeful control and proper investing).

YOU need to rethink your values and priorities.













..

 

Easier still, get life insurance and kill yourself

 

I'm doing just fine and have my values in check, thank you.

If you bothered to read my previous post you might read my concern for the direction in which we are headed.

 

wait, you are talking about $20 / hour in a time when a dollar went a long way. COLA and all that.

My parents built a house in late 60's for about $38k, we sold it 30 years later well over a million. As a Commander in the US Navy, his pay was not very high, but went a long way.

people today are making far less in terms of buying power than those receiving less pay in the 60's

don't think it's fair to compare a grandfather's triumph to today's new norm. It's certainly not viable for many with cost of living up. Shoot, rentals in Sonoma, CA are nearer $3k/month [$36k/year] for a two bedroom...not many hourly paid can afford to live here and therefore must drive from far away...another expense.

I think you answered your own question by showing how much a problem it really is: He never bought on credit a real house than has now gotten so up in price it's worth millions. See what's wrong with that math? I do, the price of living has risen out of control. Bet your grandfather is just shaking his head saying something like "I don't understand how people can make it today".

 

The real problem today is people don't understand they live a much higher standard of living than kings and queens ever did from just 100yrs ago. The poor today, are not really poor, they are poor by our today standard. People are all spoiled, all of us. If people can't live within there means, then work harder, regardless if it's two part time jobs or what have you.
It is what is.

 

My grandfather made $20/hr when he retired not all the way through from the 50's. He bought the house for 125K in 1980 which was twice the price he sold his old house for. It was huge money then. The point is he saved and only bought things when he could afford it. That is sound advice for everyone.

 

Come on Jay... I agree with your premise of living within your means but let's not get carried away and ignore the fact that cost of living and income levels have grown at different rates since then.

If your grandfather bought that house for roughly 3x his annual salary. Great, he can live within his means. I'm also happy to hear that in 30 years, his $125K is now worth 10x as much.

What's the average salary in Toronto today? $55K? What's the average home price? $700K? roughly 12x?

In my original post to you, I simply stated that I feel concern for an increasing number of people in this City of Toronto for whom it seems to get harder "getting by on their means" with each passing day. We seem to disagree that it's getting harder for them because as you state, they can just "stop having kids, buying cars, and eating out every night". I don't think it's just that easy... but we can agree to disagree.

 

^ exactly my point.