Who accepts my bet?

So here I am, 150k 120k in debt from my last business in Europe, have quit the J.O.B. to start a business again, don’t own anything of value and can barely live from the infamous 3F investors: Family, Friends and Fools ;-) (note the smiley after the word “Fools”. I would never describe any of my investors as fool. The 3Fs are tongue in cheek saying under entrepreneurs). I am also not Australian citizen or permanent resident (which is one of my goals though, I love Australia!). So currently I have to beg for a new visa from outside the country every 3 months. Incorporating a business and dealing with banks is also a real challenge with that status. To add a little hardship, I don’t have Medicare but need some pretty expensive medication at the moment (a thing to sort out; can anybody recommend a good natural/Chinese healer?).

Despite all odds, or because of them, I am having the best time of my life proving that it is not a question IF, but only a question of HOW to solve those challenges.

And here is my pitch:

I’ll accept any bet upwards from $1k against that I’ll be an AUD multimillionaire in terms of net worth within 5 years.

You have to give me the money now. If I loose, I’ll have to pay back 10 times the amount (I never default on personal liabilities, that’s a lifetime obligation!).

If I win, I keep the money. But as little thank-you, I will mentor/include you into my mastermind group for lifetime. Since I have made it to a multimillionaire then, this should be of some value.

So regardless who wins the bet, at the end you will always win:
Either 1000% of the money or a millionaire mentor as return of investment.

Who accepts the bet?
Meet me and I’ll explain you my 5 year plan…

Update:

Now it seams that I have delivered the message the wrong way for some individuals. They just read “I promise 10x your money back” and think instantly that this must be a scam. I mean everyone who writes something about such returns on the internet must be a con man, right? Well if you think that way, it’s your problem because I am not forcing or seducing anyone to anything. Or have you seen a PayPal “send money here” button?

Those who are more interested in the person behind that bet will read the text more carefully and may discover that it is not so much about the money, but a way to publicly declare financial goals so that there is no way back into mediocrity. For all those who think those millions are my only goal in life, I have again the same message: “I don’t care what you think!”. I care about actions and the people I am in contact with :)

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About Erik Unger

Comments

4 Responses to “Who accepts my bet?”
  1. Erik Unger says:

    I have found a really interesting blog posting about investing in persons instead of in their companies:

    http://emergentfool.com/2009/10/30/investing-in-superstars/

  2. robert says:

    Family, Friends and Fools…..I guess anyone “sending” you the $$$ would fall into the third category

    actually “greedy fool” would prose better… 1000% return will get em going huh?

    if you want to mastermind and have someone hold you accountable… lets roll….. if you want keeping scamming….. good riddance

    P.S. Been there done that on digging business(s) OUT OF DEBT

  3. Erik Unger says:

    You know that “3 F” is a commonly used tongue-in-cheek description for the typical first investors of entrepreneurs?

    “keeping scamming” … how do you know it’s a scam? You are fast at judging people my friend.
    So everything promising greater returns then 5% from the bank must be a scam, hu?

    1000% over 5 years is exactly what every serious venture capital fund is looking for. You won’t get venture capital if you can’t make returns of 5x over 3 years or 10x over 5 years. And no, they are not greedy fools, it’s just the math of risk and reward.

  4. John says:

    Good luck on getting your $$ there probably are enougth people out there to give it to you if you get the message across to them.
    the pitch is the perfect formula to get 99.9% of claims that its a scam, just work on the .01% thats your market,you would have more luck getting $$ out of companies than individuals if your plan for sucess is mareketable.
    banks are not a smart way of investing, use rela estate and super and sharemarket, if you can’t make 10-15% per year then give it all up,if you are not happy with that then you are greedy just like all the clowns who caused the last financial crisis mess, you are doomed to fail and take a lot of people with you and you will repeat your european experience, I suggest you go live in Asia or India for a year and learn about real values and whats important in life, these are the things that matter… Good luck on your trek

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