All Forum Posts by: Tony Kim

There are two kinds of people in the world. Those that have a mentality of scarcity and those that have a mentality of abundance. 
I have no qualms about paying for a service that has a guarantee to increase my net worth more than what I pay to be educated. Do universities and colleges go this? Hmmm. Thoughts to ponder. 

Tardus has been in business for 20 years, with an A+ rating from the Better Business Bureau and has withstood the 2001, 2008-09 and 2020 recessions. The strategy was created over 6 years of research and development with arduous vetting from math professors, investment professionals and the US government in the process of receiving the patent. We work with many well-known financial and real estate vendors who have also vetted and trust our program. 

I believe some of you are missing the point. All Tardus is, is an education and coaching company. Our coaches meet with members on a monthly basis to help them learn to evaluate investments, do their own due diligence, and manage their own money. The Income Snowball is a strategy, that is now software, that just projects how long it will take you to create X amount of passive income if you invest on a certain schedule, also laid out by the software.

The concepts the Income Snowball uses - from cash flow investing, to using leverage, to investing in real estate or peer-to-peer - are nothing new. They're just normal investments that have been around forever. This is just a way of doing it that doesn't take 50 years.

@Georgy Cherkassky

"Not entirely, if your saving 1 grand a month for a downpayment on
property; your first property will be in three years and then you will
have to save for another 3 years to buy a second property, so on and so
forth."

This assumes that your first property makes $0/mo (or that you're saving $0/mo for whatever reason.)  If you were making $500/mo, for example, you'd save $36k in 2 years instead of 3, thereby accelerating the purchase of your second property by a year.  From that point, assuming another $500/mo, you'd then have 36k in 1.5 years, and so on.

Also, real estate allows for much better tax benefits, debt retirement, and appreciation opportunities (as well as increasing rent over the years).

Here’s what I know after 40 years as a successful real estate and mortgage investor, syndicator and wealth accumulator

1. I’m not at all impressed by the ‘positive’ experiences of people who have been investing for all of 6 months through one - tenth of an economic cycle

2. The educational system in the U S is extremely lacking in the field of business/economics if someone can write a book as simple as RDPD and have millions of people say that the simple concept of if you save money and invest it in appreciating/income producing assets you’ll be better off than if you spend it on unneeded toys has radically changed their life’s because they never knew of or heard of that concept before.  Educators, education administrators and politicians should be ashamed.

3. Same thing for the so called “infinity banking”.  Borrow money at 3%, lend it out or invest it at 6%, pay back the 3% loan and do it again. Save some of your salary and use it do pay down the loan.   Btw, wrap it all into an overstuffed single premium whole life policy and through the insurance industry’s lobbying of congress your income will incur taxes deferred to far in the future, and if you’re lucky enough to die before 71 you may never have to pay taxes on the income.  Possibly a good move, IF you don’t blow the investment or IF the investment doesn’t blow up.  If it does you have zero asset/income, a much larger debt secured by your personal residence, at just the time you probably also lose your job due to economic conditions, and all those nice folks teaching you about sno ball, infinity, you’re your own bank, etc., will be long gone.  They’ll appear again selling a different ‘financial concept/system/advice a few years later, with many having changed their names and residencies.  

4. No investment is risk less.  The higher the return the greater the risk. The peer to peer lending platforms as well as the real estate crowdfunding platforms are not having their investments chosen by Warren Buffet, or for that matter any money/investment manager employed by the big pension funds, endowments or ultra wealthy individuals that RDPD is always alluding to.  These platforms are run by techies with no investing experience.  For the financial side they hire third year financial analysts (3 years removed from college) because they cost one quarter of what a qualified employee would cost.  I know because I consulted for one of the largest real estate crowdfunding platforms. They has NO idea how to underwrite a commercial mortgage loan. No one on staff who had ever analyzed a commercial mortgage loan.  Yet their website stated that they crowdfunded AND VETTED commercial mortgage loans.

5.  Here’s the biggest risk.  The government closes the whole life tax deferral allowability.  Think it can’t happen?  That’s what the tax shelter investors thought in 1987. Not only were tax shelters stripped of their tax deferral capabilities, but they were stripped of it RETROACTIVE, allowing the IRS to recalculate tax shelter investors income going back 7 years.  With penalties and interest.  No telling what a desperate, bankrupt government will do.  The government used to be able to just print money to pay its bills.  Now with the resulting inflation it would cause people would move to crypto currencies.  At some point the gov bond market drys up, the gov becomes desperate for cash, and anyone with deferred taxes looks like a fatten cow ready for slaughter.  Just a little additional risk that probably wasn’t mentioned when they were explaining “infinity banking”.

Certainly not the best case scenario. This is more like a worst-case scenario. Not a single one of the 1,000 currently active Tardus members are paying a 24% interest rate, or only receiving a 3% return. A more average representation would be 10% interest rate and earning 8%. This was a highly exaggerated example for illustration purposes. 

Again, the Income Snowball is investment agnostic and Tardus has no affiliation with the investment product or platform the individual investors chooses to use. Members do not have to use peer-to-peer lending if they don't want to. And if they do decide to use it, of course, there is the risk of default. Every investment comes with risk and that's where the coaching comes in - to help you set your own investment criteria and choose a risk you're comfortable with.

I'm writing this in hopes that maybe Tardus leadership adjusts this.... I've been reading about Tardus clients and even the CEO saying that the interest rate you get on your LOC doesn't matter but I believe that it does matter, only when the interest rate gets too high.

I received the password protected videos I was instructed to watch after booking my consultation. Without saying too much, the video uses a 24% interest rate on LOC. That is too high and after "reverse engineering" the calculations. I will not make all my money back that was contributed. I will be short by a couple hundred dollars.

I believe the interest rate needs to be at a reasonable percentage. But 24% utilized in that video example is not good. 

Yes it could. Most of the people in the country don't realize that the oil in the SPR was already bought and paid for. Releasing it now to gain a few political points is not only stupid but crooked. We are all paying $$ for this political stunt. The SPR is supposed to be 'reserved' for emergencies only and now it is drained to record levels, which cost us $billions$. All for someone's political gain...which won't work anyway. Brilliant!

Quote from @Greg R.:

Quote from @James Hamling:

Quote from @Greg R.:

Quote from @Account Closed:

Quote from @Greg R.:

Quote from @Carlos Ptriawan:

Quote from @Greg R.:

Same thing we get with polls. Would you consider political polling as data? Much of it is wildly off when the votes come in (the actuals). 

of course yes, Been predicting that as well with much accuracy. There's no randomness in this world dude, everything has been pre-planned. 

Wait, you're saying that you believe that political polling "data" is accurate?

Watch the diesel. We have the lowest inventory since 2008 of diesel. Nothing moves without diesel; ships, trains, trucks - food, medicine, supplies and on and on all rely on affordable and available diesel. And that is what we no longer have enough of.  That changes all predictions.

Saw a couple articles about this over the weekend. This can be a massive problem, a complete game changer. Looks like there could be some major consequences for grandpa draining the strategic petroleum reserve.

 Anyone who finds this "news" should immediately grab the nearest hammer and bludgeon themselves until common sense returns! 

Supplementing oil shortage/prices via pumping the national STRATEGIC Reserves dry, a bad thing, DUH! It's called a RESERVE for a reason. 

The true "CRASH" at hand is the average IQ in this country.    When one pumps out from the Strategic Reserve, it means that RESERVE will need to get re-filled. If a person does NOTHING to address the shortage in the supply flow, it will make MAJOR issues because (a) that flow of reserve oil into system ends AND (b) the Reserve starts ALSO sucking from the supply, making the pain point even MORE painful.      

This is why everyone with half a wit smacked there forehead when this STUPIDITY started, because it's an obvious disaster incubator.  

Agreed, we all knew this was a bad idea and was politically motivated. He was trying to lower gas by $0.10 a gallon to gain favor. I hadn't seen a lot of info about the impact of draining the SPR until recently. I don't think it had been mentioned in this thread until @Account Closed brought it up last week, but I could be wrong. I guess we'll see how this plays out but it has the potential to get very ugly. 

 Looking for a real "WTF" moment? 

Look up the Dakota Access Pipeline. We had a done-deal contract with Canada, to deliver 500,000 barrels of oil per DAY, for TWENTY YEARS, via the Dakota Access Pipeline. Bo-Bo-Branden canceled that contract.     And guess what, very shortly after fuel prices started running away and so then came the order of kicking out oil from the U.S. Strategic Reserve. 

Now if you follow the math of it all, turns out it's nearly a PERFECT 1:1 ratios of what's being distributed from Strategic Reserve, from what Bo-Bo canceled with Canada. 

What-In-The-F*#%! 

It's a shell game! It's nothing green, because only thing that changed is source. BUT, now forward looking there talking about importing from freaking Venezuela! WTF! 

Check the math, it's way too close to be a coincidence.    

This misinformation is crazy. Here are some facts for anyone interested:

1) BlackRock has not been buying single family homes. Apparently this is a common misconception, and from googling, apparently they have a whole page dispelling this misconception: https://www.blackrock.com/us/i... Maybe this is a common misconception because you are all mistaking it for Blackstone, which is the largest real estate PE firm in the country, and has indeed set up funds to acquire SFHs. 

2) To point above, Blackstone is a real estate private equity firm (and the largest one). Typically how large private equity funds work is, they will raise funds (in the billions of dollars), from institutions (limited partners, like endowments, pensions, UHNW, etc) who write very large checks. These funds have agreements on the profit split between the LPs and the GP (Blackstone), management fees, acquisition fees, etc along with the duration of the fund (let's say on average 10 years for real estate private equity). The limited partners cannot call capital and just tell Blackstone they have to liquidate. Blackstone starts liquidating their fund around the 10 year mark, or whatever is agreed to in the fund docs. 

So for a fund or multiple funds that Blackstone has set up and raised LP $'s for over the past couple years to acquire large swaths of single family homes, those investors (LPs) cannot just call capital and force Blackstone to sell. Blackstone sells in accordance with the expectations of the fund docs (usually around the 10 year mark, so likely toward the end of this decade).