JustBeenPaid! Makes My First Car Payment
You are probably familiar with the saying, “Life is what happens while you are busy making other plans,” right? When I first joined JBP in November 2011, I spent hours with an Excel spreadsheet, testing scenario upon scenario to develop a strategy for my participation in this program. (Fortunately for you, you can use this handy dandy calculator if you’re not that into formulas and such.)
Ultimately I decided to go gangbusters and build my tripler account as big as possible, as quickly as possible. Then, when the numbers would support it, I would start pocketing a fair amount of earnings while continuing to grow the tripler earning power. The spreadsheet told me that if I did this for just a few months, I would be able to pick out any car I wanted (well, within reason, not talking cars the price of houses here) and pay for it with CASH.
There were only two things that had to be in place for that to work out as planned. 1) JBP had to perform as promised, and 2) my current set of wheels, a 1998 Pontiac Sunfire, had to continue to provide daily transportation in the meantime. Odds were in my favor, I thought.
About four weeks into the plan, I went out one morning to start the car only to discover something was horribly wrong with the exhaust system. It was LOUD! Cars get old, I thought. Things get rusty. Things fall apart. I would just have someone patch it up enough to get through a couple more months. So I was unprepared, to say the least, when the mechanic called to tell me that the problem was not a rusty tail pipe. The problem was someone had cut into the exhaust system and removed the catalytic converter. Repairs would total approximately $1600. Gulp.
No use putting $1600 into that 14-year-old Sunfire. So much for waiting a few months to upgrade transportation. The time was NOW. Long agonizing story short, a most wonderful Mazda dealer hooked me up with a brand new 2011 Mazda 3 iTouring for no money down and 45 days of blissful driving without any payments. Nice. Very nice.
Now I just needed JBP to produce, or, worst-case, at least make good on my original investment in order to make that first car payment. With a major tweak to my tripler strategy, I began to accumulate my earnings instead of compounding them. Within a short time, I was able to withdraw a sum exceeding my original investment amount.
The day after my withdrawal request was approved and processed, JBP had a restart. Restarts are good, they really are. But this time, for me, it was great timing to have it happen just after I recouped my investment rather than before.
So today that first car payment was due. Today I called the Mazda financing hot line and made the payment with money taken out of JBP. Oh I know you’re thinking, well isn’t that just money that you put into the program in the first place? Truthfully, the answer to that is yes – with a great big BUT.
Here’s the BUT. After taking out a little more money than I put in, and using that to make the car payment, I still have 50 triplers producing a daily income of $10. Enough to buy one new tripler every day, or pull off another $300 cash in the next thirty days. And that’s not all. I also have 20 matrix positions that will pay out $60 each when they cycle. That’s right, $1200 in the pipe line.
Correction: Just got notice that one of those matrices cycled just now, putting $60 into my JSS account! So okay, $60 received, and $1140 on its way.
Zoom zoom. :-)