How much interest does $3 million draw a month?

Ruthless

~= Gator Nation =~
Silver Member
I was just wondering what the money (if there really is any) is making someone by just setting idle?
 
Ruthless said:
I was just wondering what the money (if there really is any) is making someone by just setting idle?

Not enough to make a difference and definitely not enough to bring an entire company to a complete standstill during a pending acquisition.
 
The payout for Reno was supposed to be 5,000,000

5,000,000 x 5% = 250,000

250,000/365 - $685 per day or $23,342 for the past 37 days.
 
Ruthless said:
Thanks NYC - Most of us could live pretty well off of that.

:)


Not too pertinent but I once calculated that if Bill Gates earned 5% on his fortune, he could spend 3 million a DAY without ever cutting into the principal.
 
jjinfla said:
The payout for Reno was supposed to be 5,000,000

5,000,000 x 5% = 250,000

250,000/365 - $685 per day or $23,342 for the past 37 days.

Jake

That is only if the money existed in the first place. There is no evidence in that. Perhaps he used the IPT money to go into business with Donald Barrett. Who knows at this point?

Donald Barrett and Kevin Trudeau Air First Joint Infomercial

BEVERLY, Mass., Sept. 11 /PRNewswire/ -- ITV Direct(R), announced today
as the exclusive marketer of ITV Global, Inc. that it has launched the
first infomercial featuring both direct marketing entrepreneur Donald
Barrett, and best-selling author Kevin Trudeau.
Barrett and Trudeau -- author of Natural Cures "They" Don't Want You To
Know About -- appeared in their first joint infomercial discussing
Trudeau's second New York Times Bestseller, More Natural Cures Revealed,
early last month. Both books present alternative health remedies that
Trudeau believes assist in health maintenance without drugs and surgery,
and are highly critical of government agencies and their alliance with
pharmaceutical companies.
"Donald and ITV Direct(R) successfully promote the benefits of natural
supplements, a subject that I care deeply about and have personally
advocated to consumers for years," Trudeau remarked.
In speaking about his collaboration with Trudeau to produce all future
information based infomercials exclusively together, Barrett added, "We
believe this union will greatly increase awareness of the health benefits
of natural supplements to consumers around the world." He continued, "As
Mr. Trudeau's best-selling books have extensively impressed the importance
of natural supplements and alternative medicines in America, we look
forward to collectively sharing more knowledge to improve public health."
ITV Direct(R) is a full-service direct response marketing company that
promotes all natural dietary supplements. The company extends a 90-day
money- back guarantee on its products. The industry standard is 30 days.
For more information, visit http://www.itvdirect.com.



Notice that the money back guarantee is 90 days... lol
 
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Nostroke said:
Not too pertinent but I once calculated that if Bill Gates earned 5% on his fortune, he could spend 3 million a DAY without ever cutting into the principal.

Another cute story is that while waiting for him to show up for a meeting, a group of accountants determined that, on a pro-rated basis, Bill Gates reaches the maximum social security tax earnings at 12:09 AM on New Years Day, just nine minutes after the ball drops on Times Square.
 
He had an infomercial about his new book on tv last month and I caught part of it. I had copied that website down but didn't realize they formed a partnership.
 
sjm said:
Another cute story is that while waiting for him to show up for a meeting, a group of accountants determined that, on a pro-rated basis, Bill Gates reaches the maximum social security tax earnings at 12:09 AM on New Years Day, just nine minutes after the ball drops on Times Square.

Which reminds me of something someone told me once-something like-"Money is the only thing that will work for you 24 hours a day."
 
Ruthless said:
I was just wondering what the money (if there really is any) is making someone by just setting idle?

It's generated quite a bit of interest on here in the last month.
 
Gulp !

I found it interesting in KT's infomercials, that he doesn't 'sell' either of his Natural Cure books. He gives them away for Free and all that you pay is the 'Shipping & Handling'. Very clever... imo
Doug
( in the future, my favorite Chinese Buffet may not charge for the buffet... only the swallowing )
 
Back in the Philippines, that's a scam by executive officers specially in Department of Education. They delay the teachers' bonuses just to get some money by time-depositing the teachers checks. LOL
 
Plenty of people do business for less. I have a friend that is a food broker. He does business with a major chain here, in St Louis. He brokers this particuliar item to the chain at 1/2 % less than cost because the volume is $2,000,000 a month. The end result is that his business draws interest & can also use this $2,000,00 for collateral for other projects.
 
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