If you are an innovative person and an entrepreneur, you learn early that all ideas are not great! Also, startup costs are sometimes more than you either expected or had. Many times, you borrow or seek outside investors for your venture. The Mathmatecum for me is my attempt to leave a legacy for me, mine, and also my nearest and dearest. After surviving a life-threatening illness nine years ago I tried to come up with a vehicle to provide a lifetime of passive income for everyone even the least fortunate among us. So, entry into the Mathmatecum was designed to be most practicable. Monies paid in to join were one-time payments not to exceed $125 for any one new member.
Well, who knew that as a startup payout (though higher than most very secure income sources) would be too low to impress.? However, that’s only in the near term – in the long-term look what has occurred. There is available right now more dollars than has been subscribed and at least 40% of the corporation’s debt can be satisfied. In addition, there is sufficient annual income to satisfy necessary overhead. Three members have already had their cost of membership fully satisfied. Now with the implementation of our Mathmatecum Directives we are able to provide generational wealth that is awesome in its reach. Almost 30% of memberships are in Directives allowing older benefactors to earn passive income on their savings during their lifetimes and then pass that income to the next generation and generations thereafter.
The highest number of members (16%) were born between the years 2000-2010. The next highest groups are those born betwee1960- 1969, and 1970-1979 (13%). The lowest at 3% were those born in the 1930’s!
Now is the time to be cautious with finances considering the turmoil here at home and abroad. Be financially conservative between now and the upcoming November elections.
What a great day Father’s Day is! I miss my Dad to this day – I only wish my kids have some fond memories of me as I have of him. To please a father is not always easy. My Dad told me how he found his father in a fig tree when he went to tell him I was born and named after him. The fig tree was in that yard as I grew up and it never ceased to remind me of that shared moment.
JAI BABA
TTFN
JU
