So now that I'm going to medical school, I'm faced with the very real prospect of accumulating large student loans. I was thinking of creative ways to solve this dilemma, and I remembered that I had heard people doing online "panhandling".
Now I really don't want to go that far, but it set me to thinking about something else.
I'm not even sure if this is legal or not, so let me say first (for all you government types out there) that I was contemplating this only for my personal amusement, and such a plan as I'm about to describe in no way resembles a plan that I will be carrying out in the "real world" at any point in the near future. If it's illegal.
If it's legal, then that's another story.... If I could get anyone to do it.
Plus, I'm betting that it will be the stupidest idea you have ever heard.
Anyway, I hope the first amendment is still in effect. It was the last time I checked, anyway.
So after much ballyhoo, here is my $0.02 idea.
I'll offer a personal IPO.
People will be able to buy shares (actually bonds, I think) as an investment in me, repayable at a certain point in the future for a set amount.
For example:
I sell 1500 certificates, at $100 each. These certificates will generate, obviously $150,000 in revenue I can use NOW to pay for my education.
At a point in the future, say ten years, I pay back the investor $140 per "share".
Now, I know nothing about finance, so I don't know how this would compare with what an investor would make in other places. But there would be a guaranteed return.
I do know that I would only have to repay $210000 in ten years, vs. ~$220,000 on a $150,000 loan.
So that makes it good for me.
Anyway, like I said, it probably won't work, and I almost certainly won't do it. But what the heck, I was bored this morning.