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I had a friend, or at least thought he was a friend who isnt anymore. I noticed that every time we talked he was always complaining about money, or asking for money, or wanting to borrow money, or complaining about money. Eventually his ideas went from slightly annoying to completely insane, leading to a land acquisition purchase where in theory, i would have paid for the entire plot of land (close to 300,000 in total), and than would have needed to pay him to build it out, to turn around and give him 50% ownership of the property. I noped out of the deal, but the proposition was so bad it boggled my mind how one could even entertain this idea

I had a friend, or at least thought he was a friend who isnt anymore. I noticed that every time we talked he was always complaining about money, or asking for money, or wanting to borrow money, or complaining about money. Eventually his ideas went from slightly annoying to completely insane, leading to a land acquisition purchase where in theory, i would have paid for the entire plot of land (close to 300,000 in total), and than would have needed to pay him to build it out, to turn around and give him 50% ownership of the property. I noped out of the deal, but the proposition was so bad it boggled my mind how one could even entertain this idea

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[–] • 0 pt (edited )

I have a friend whose gotten into the Travel industry. His business model is a literal Multi-Level Marketing (MLM) scheme if there ever was one.

In an age where people have access to every piece of recorded information in history, and have transparent access to reviews, pricing and immediate information about the prices of hotels, airlines, tour guides, private drivers and restaurant prices, this goof thinks that the "top 1% of wealthy travellers" are going to pay him to create an itinerary and create a luxury trip in Europe for them. He then will upcharge these wealthy travelers and then skim his cut off the top and then pay his "commission only!" sales people a percentage AFTER he's paid the tour guides, hotels and attraction fees in Europe.

Why would someone with money pay some rando to design a trip for them? His business is a "useless middle man" if there ever was one. They can just call their American Express Platinum concierge service and literally have them do it for them, all for free, as a built in perk. Or they can just go online, find an all-in-one inclusive destination travel company and pay them to do it.

This friend of mine is delusional. His business is metaphorically a "VHS player" when we've got Blu Rays and streaming/Cloud service now.

"I charge them $2500 for an itinerary and planning fee"

It's a wonder he hasn't made any money yet. 3 years of business, and he hasn't made any money yet. Oh, and he's tried to hustle me into investing in his company, as he's "wowed some very wealthy clientele". I wouldn't give him a dollar. Of course not.

[–] [deleted] • 0 pt

Yeah... ive had friends like this before too, only care about you when you have a dollar to give them. Beyond that, may as well be dead to them. In my "friend's" case there's so many issues with the idea: why invest in real estate on its high when its bound to go down? Why this location (without going into too much detail, this is a VERY secluded area in Wyoming with the nearest metro city being close to 500 miles away, and the nearest stores are close to 35 miles away), why would anyone bother to go vacation there? And saying its a sure thing isnt good enough for me anymore, there has to be a plan beyond someone having a hunch

[–] • 0 pt

Yeah, a resort or vacation place needs to be within an hour of an airport. 500 miles in the middle of nowhere isn't going to pull people in.

[–] [deleted] • 0 pt

there isnt even a direct way to get there, or a nearby airport to help, the nearest large connector airport is over a 100 miles away and it takes 2-3 hours to get there. If you chain to the smaller airport you still have over an hour to get to the place. And if it snows too much, the highway (seen it happen) gets shut down and you have no way to get there or back