Helping Others in Financial Trouble
By angelia286
@angelia286 (2029)
Singapore
January 12, 2009 3:55am CST
Well, i have been on Mylot long enough to realise that a lot of people (me included) are having lots of financial troubles in today's world and if there is a kind soul out there who would help, these financial troubles would go away as we start all over from 0 again instead of the current debts that just piles up day after day and never seem to become lesser although we clear it every single day.
Just today, I saw another friend of mine who started a discussion on her financial trouble and that got me thinking: What if we have a type of system going on here that gives cash gift to those who really need the money and we pass it on?
What if there is a club of this sort over at Mylot helping those in financial trouble? I was thinking of opening something like that in Mylot (Not sure if Mylotters will trust me enough) But anyway, here's the general idea:
Name of Club: Financial Aid Club
Operated by: _____________ (President)
_____________ (Record Keeper)
_____________ (2X Judges)
Main Flow of Idea
1. People join the 'Financial Aid Club' here in Mylot with the intention of helping others out.
2. Everybody in the club make a voluntary contribution to the funds of at least $1 per month.
3. These money will go into a pool fund of which the record keeper (not handling the funds) will keep track of the amount of contributions coming in.
4. The president will be the one handling the funds in Paypal/Alertpay.
5. The 2x judges as well as the record keeper and president will be the ones eliminating those who are applying for financial aid (cash gifting) and the final decisions of who the lucky recipent for that week is will be made by the panel of the 4 people. 50% of the vote will go towards Mylot community.
6. Cash gift will be given out to genuine cases bi-weekly (provided that the funds are enough).
Application Process
1. Cash would be given out every bi-weekly (1st and 3rd week of the month). Applications will be on every 2nd and 4th week of the month.
2. Applicants will state their stories and why they need the cash and how are they going to contribute back to the club once this has helped them out.
3. The 2x judges will pick from the pile of applications and pick out 10 most deserving individuals.
4. These 10 individuals will be released out in a forum for mylot community to vote. (mylotters vote will make up 50% of the final recipent).
5. The top 3 ranked individuals will then be passed up to the president and the judges to make the final decision.
6. On the first day of the 1st/3rd week, the said money is transferred to the recipent's account (Paypal/Alertpay).
7. Recipent is to post back acknowledgement indicating to everyone of the recipent of the cash. Recipent is to update all mylotters for the next 5 days on how this money had helped them.
Gift Limit
Donations Target per week: $100
To be given out: $80 per 2 weeks
$20 will be held back for emergency funds
What do mylotters think?
9 people like this
15 responses
@ahgong (10064)
• Singapore
19 Jan 09
That sounds like a mighty good idea.
If you can fine tune the rules a little, it would be even better.
COme up with a scheme to loan that amount out with say a 1% return or something.
Or a condition that he must make a bigger contribution to the pool if he took a loan out of the project.
Then they can consolidate and pay back the amount by means of a compulsory deduction from his salary for the said period of time.
That would really help towards getting someone out of debt.
But that would also mean there are going to be a lot of paper work and legalities to deal with.
Hmm... are you going to really start a club like that?
Who is going to be the one sitting to decide who handles what money? And how does one justify giving the money to someone with a sob story?
How is one going to check of the person with the sob story is genuine or not?
@kun2349 (23381)
• Singapore
12 Jan 09
That's a good idea ^_^ Actually this system had already been implemented in one of my mylotter's office in philippines.. It can actually work, and it's all about trust.. The idea u had just came up with, is excatly like what she had told me, and i'm very much impressed by it.. Now that u can even come up with the same thing, online, i'm even much more IMPRESSED BY U!! 
That should be feasible and as long as we are willing to help each other out, and not abuse the system, this is actually a very good idea.. BUt the only problem is, will mylot itself object to this, and delete it?? If it's successful, i'm sure it definitely can help alot of ple, just like in real life ^_^ I will definitely supprt your idea in this, and u shall be the president or maybe not, because u will need the aid from it too?? hehe ^_^
That should be feasible and as long as we are willing to help each other out, and not abuse the system, this is actually a very good idea.. BUt the only problem is, will mylot itself object to this, and delete it?? If it's successful, i'm sure it definitely can help alot of ple, just like in real life ^_^ I will definitely supprt your idea in this, and u shall be the president or maybe not, because u will need the aid from it too?? hehe ^_^ 
@kun2349 (23381)
• Singapore
13 Jan 09
There are even ple u are setting up a scam?? lol =D I think they just dunno u yet ^_^ Though i dun really know u too, but i feel that i can trust u to do so ^_^ I believe there are alot more ideas to be explored for your idea.. It just takes time, and alot of trusted member to make this work too ^_^
BUt no worries, judging from the amount of response u have here, and a few supportive ones, we will help to come up with ideas too.. Though not fool proof, but at least, get to help others, and try to minimise those scammers trying to access to the money..
If there's a will, there's a way ^_^ And with a goodwill like yours and many others, there definitely has got a way ^_^ Dun see it as a handout, but rather, an external help to tide over mini crisis.. It's not as if u need not return the money, but it's just thru a period of time ^_^
@angelia286 (2029)
• Singapore
13 Jan 09
Thanks Stormy and Kun for both of your support! Your support is very much appreciated in the face of objectives from many of the Mylotters. There is even one person saying that it sounds like I am setting up a scam 
Oh Well. Thank goodness I am not thinking of handling the funds, if not even if I were to jump down from a building, my name will never be cleared!
Yeah~ It is all about trust, and only with trust, this thing can work. Lol. Sure? Hehe, seems like a lot of people had thought up of this, just that we are unsure how it is going to work. I am also unsure how i am going to make this work, and I really need to sit down and think up of a feasible plan. Hmm..
I am sure that Mylot will object to this, so I am thinking of using the PHP forum to do this, and well on Mylot, it's just to gather ideas from others on how I am going to do it. So, the actual club will take place outside and within Mylot. Sounds a bit complicated, even to myself. Lol.
I won't need aid from it as I don't believe in taking handouts. Lol. Contridicting? A bit. But, for me, I don't mind incurring interest from loans to clear my debts, but asking me to take handouts is a bit too much for me.
Thanks once again! 
Oh Well. Thank goodness I am not thinking of handling the funds, if not even if I were to jump down from a building, my name will never be cleared!
Yeah~ It is all about trust, and only with trust, this thing can work. Lol. Sure? Hehe, seems like a lot of people had thought up of this, just that we are unsure how it is going to work. I am also unsure how i am going to make this work, and I really need to sit down and think up of a feasible plan. Hmm..
I am sure that Mylot will object to this, so I am thinking of using the PHP forum to do this, and well on Mylot, it's just to gather ideas from others on how I am going to do it. So, the actual club will take place outside and within Mylot. Sounds a bit complicated, even to myself. Lol.
I won't need aid from it as I don't believe in taking handouts. Lol. Contridicting? A bit. But, for me, I don't mind incurring interest from loans to clear my debts, but asking me to take handouts is a bit too much for me.
Thanks once again! 1 person likes this
@ishavasyam (1801)
• India
12 Jan 09
hello angelia286, thats a very altruestic idea U have got here ! I appreciate ur concern for the humanity and specially those who are in need.I support you mentally & morally for this cause.I m wishing U full luck.
By the way have U read the book " The secret " by Rhonda Byrne ?
If not just put this word into search engine .In U tube there is a video film available.Plz see the film and then see whether it makes any difference.Best of luck.
@ishavasyam (1801)
• India
27 Jan 09
Hi.Thank u so much for ur forthright comments.
Perhaps in my enthusiasm,I forgot some lines in between,
(which I thought were already implied.)
Here is the text.
Yes.I agree its a very selfless idea and she has the welfare of the poor people on her mind.Now what I wanted to tell her was that through a constant and positive affirmations of the help-them-thoughts, she might be able to really manifest what she has in her mind.The film per se may or may not be effective in helping her directly.
But the basic concept that our mind is like a transmission tower and it is constantly transmitting waves is a fantastic concept.That way, she can really start visualizing the success.For she, the success means manifestation of the idea put forth by her.
(This is not the right time for me to give my own experiences about the film ..may be some other time).
what do u say ?
@cornyman (1128)
• Germany
27 Jan 09
Hello ishavasyam,
what does this movie "the secret" have in common with angelia's idea?
The movie is more about thinking positive and changing your mind to successful thinking. It's just a big money machine what they try to do with this movie because like you can see on their homepage.
The idea is already publish 100 years ago, that thoughts have some positive/negative powers in our worlds (and they offer there the free ebook of this old book).
Angelia just has to take action and find some person who support her more than mentally (thinking alone doesn't bring you the success, only when you do a step in the right direction). She needs helping hands for this work!
By the way, what did change after you watch this movie? (there is no proof that if you would have thought negative, you wouldn't reach the goal, too )
Enjoy your time in myLot!
)
Enjoy your time in myLot!
@mummyofthree (2715)
•
12 Jan 09
I think that in theory this is a lovely idea. You are obviously a very kind, caring individual. However... I see one major flaw in this plan... how would you determine who was telling the truth and who was lieing in order to recieve the money? How would you decide that one person was more deserving than another? In an online community we have no way of verifying peoples stories.
@angelia286 (2029)
• Singapore
12 Jan 09
Hmm.. I do see a problem here and there and do not really know how I am going to make this work here as it will take a big leap of faith for people to trust others on the internet, more so as there is so many scams out there on the internet.
Hmm.. that is why though I came up with the idea, I doubt that I would be the one handling the cash. At the same time, I was thinking that the person keeping the records of the funds would not be the one handling the fund too to lessen the risk of the people mishandling of funds or running off with the money.
About how to determine who is telling the truth and all that stuff, I was thinking of documentation proof whereby every single applications would have to be supported with the relevant documents. For example, if one person says that he has XX bill and AA bill to pay, then they will have to provide the paper proof of that, and to submit their photocopy of passport.
Once all of these are verified, the applicants will be released out to the public (mylot) for mylotters to have a say in who they feel is more deserving than the next.
I am not all too sure how I could make this work, that is why I put in a rough outline of what I was thinking and put it up as a discussion to get more ideas of how I could make this work.
Thanks for your input though! I really appreciate it! Happy mylotting!
1 person likes this
@angelia286 (2029)
• Singapore
13 Jan 09
Well, that is why though I came up with the idea, I want no part in the handling of the cash because no matter what, people will always think that I want to implement this idea for the sake of scamming people.
I was thinking that the cash be handled by a person who's well respected in Mylot community and well I want to handle the records keeping., In this way, it elminates the suspicions of a scam or something?
Hmm.. there would always be skeptical people around no matter whether it is on the internet or in actual person. I am just toying around with the idea and wanted to get the opinions of Mylotters.
Thanks for your response! Take care and happy mylotting!!
1 person likes this
@carinio98 (2929)
• Philippines
12 Jan 09
i got financial trouble too... but luckily my parents support me even i dont have job... i work hard making online earnings for a month now. but the biggest thing flooded me is some sites are scam... so my online ventures lessen in the pass months... only those who really pays are the one who give me cashouts but thats not enough to sustain my needs but i will not give up to search for online money making jobs...
@carinio98 (2929)
• Philippines
13 Jan 09
for me having an income of 200 bucks is very high.... its just that i want to help my self up in my online work...
@angelia286 (2029)
• Singapore
13 Jan 09
You are lucky to have your parents' support when you do not have a job! Not many people out there have this sort of luck and support though when they need the support.
It's true that there are a lot of scams out on the internet, and the money earned from all of these internet ventures hardly can sustain our needs. However, we can't deny that these pennies and few dollars earned from the internet had helped in paying off some of our debts or at least paid for a few days of expenses which in fact is better than not having it at all!
As for me, my income from the internet ($200 per month) helps in paying off 5% of my total debts per month and to me, that is better than nothing.
Thanks for the response! Take care and happy mylotting!
Thanks for the response! Take care and happy mylotting!2 people like this
@zweeb82 (5653)
• Malaysia
9 Mar 09
The motive in helping others is good but when it comes to money, all the true colours will show. Trust is the most essential key but when it comes to money, there is also such a thing called temptation!~ Even say if it's a genuine case, the reason of why the debt has been piling up has not been uprooted, then it'll go back all to square one. For example, someone who's genuinely in debt, after getting the money pays off part of the debt yet keeps eating Mc Donalds everyday - so tell me, what's the solution? It's actually the extravagant lifestyles sometimes that kills. If there's a club that promotes frugal living which I've seen an interest in myLot that's labeled as "frugal living". I think that would be much more effective, don't you think? Just thinking out loud....
@angelia286 (2029)
• Singapore
16 Mar 09
Hmm.. I do agree with you to a certain extent. But I have seen enough to know that frugal living for some is not a way out of the hole that they are in too. And many cases that I have seen in real life is that they are just 1/2 paycheck away from desolute and homelessness. Sometimes, what some people need is just a helping hand to pull them out of the hole that they are in.
Of course, you are also right with your concerns. Some people who have been poor all their lives will appreciate it and help themselves once they are out of the s*it hole, yet for every one genuine success, there are many who will revert to their extravengous lifestyle once they have climbed out of their debts. That will be the failures of the programme (if ever it is set up).
Have you ever seen someone who has been so poor all their lives, living from paychecks to paychecks, working 5-8 odd jobs with just one hour of rest per day just to survive? Have you ever seen the same person living in a living condition that nobody will ever speak of, eating just one slice of bread per day just to save money to pay their monthly bills? I have seen and gone through the same experience myself. If its not for the support of some kind hearted souls, I don't think that I will ever climb out of that hole and lead at least a normal life now.
Debts just mount up. And if these debts are not cleared off at one shot, they will just keep growing and growing till one of these days, it is just not manageable. And by that time, it will be too late.
Take a look around the world and you too will come to realise this. My sympathies do not lie with those who had dug themselves into the holes that they are in. My sympathies lies in those who are born into the circumstance and they just find themselves at the end of the road, hitting the wall at every turn of their lives with just no way of ever seeing the light.
Thanks for your input. I appreciate the thoughts that goes behind it. Take care and happy mylotting!
1 person likes this
@KrauseHome (36448)
• United States
20 Jan 09
Personally I think this is a wonderful idea in part, but like others have said how would you truly know if someone was telling the Truth or not, and for most of us $80 would only be a small help for maybe part of a Bill or something as well. I know personally I would never donate any $$ to something that is not sure on, as I personally need every cent I have. This is a good gesture in part but without being more thought out and planned, I could never see something like this working as well.
@lingli_78 (12822)
• Australia
12 Jan 09
this is a really fantastic idea... and you are a very kind-hearted person to be able to think and come out with an idea like this... but i don't think that it will be so easy to execute especially in a virtual world and TRUST will be a very big issue here... we really have to TRUST the person who will be managing the money and the recipients of the funds... i didn't mean to discourage you though... if the idea can really work, i will definitely more than willing to help you... take care and have a nice day...
@angelia286 (2029)
• Singapore
13 Jan 09
Thanks for the encouragement! I do also agree that it would be difficult to execute especially so in the virtual world whereby scams are well known and well spread out. I had also been scammed lots of times by others and well, I too, will have second thoughts about participating in something like this if others were to ask me.
So trust would play a major part into pulling off such a club. As of now, I still have not thought out of how I am going to overcome all the barriers and how I am going to ensure that there is no loopholes in my system and what I had just put in my discussion is just a basic outline of what I was thinking about.
Of course when I have thought through the details and officially launch it, I will let all of you know and hopefully there will be lots of people who are willing to give it a try!
Well thanks for responding! Take care and happy mylotting!!
1 person likes this
@angelia286 (2029)
• Singapore
13 Jan 09
Thanks for the encouragement my dear friend! Well I sure hope that you could log in from your inlaws place! IF not, I am going to miss your responses to my discussions and your discussions for the days that you are away!
Take care and looking forward to hear from you! Happy mylotting!
1 person likes this
@LittleMel (8742)
• Canada
12 Jan 09
I think it's a good idea. but maybe it should start out as charity program so the money they donate can be tax write off and the money people receive will be taxed.
there is no way tax office will let people receive anything without taxing them
but as long as we do as they say it should work.
then again different country has different law plus as you just said, everybody needs money in times like this. how do we know who needs more than the rest, and so will be given the money? plus you will need to collect personal information before receiving or giving money, because tax office will give you hard time if you don't. how is his information going to be stored and can you trust the person that handles it, because if this information leaks, you or the organization will face charges from practically everybody here.
LOL you have such a good heart. In a perfect world your idea would work almost with no effort. but in a perfect world, there won't be a crisis like this because everyone works for the good of everyone.
@Savvynlady (3684)
• United States
26 Feb 09
I think the idea is noble and good. i see your good intentions in this as well. But the thing of the matter is dealing with folks who are for real or not for real. Right now this whole world is in a serious crisis and you'll have folks seriously lining up to get the money. If I may, go for cash gifting. check it out and do your research then see who would be interested. I thought about doing something similar and that way, everyone at one point or the other gets benefitted. Just a thought. Peace.
@angelia286 (2029)
• Singapore
16 Mar 09
Lol Thanks for the compliments! However, I don't think that my idea is noble in anyway. It's just that I have been to the dumps and back from the dumps too (figuratively speaking) and that is only possible when a kind hearted lady offered her assistance in monetary terms once when I was young. That is what some people just need. A helping time at a time when they are just down.
Well, I had done my research on cash gifting, and in my opinion, cash gifting works only if you have the initial cash to start off with (which people who are genuinely in need of money do not have). And majority of this cash gifting programmes often become scam when the programme gets too big or have too much members.
In the end, the rich gets richer, the poor just gets poorer.
Thanks for the compliments! However, I don't think that my idea is noble in anyway. It's just that I have been to the dumps and back from the dumps too (figuratively speaking) and that is only possible when a kind hearted lady offered her assistance in monetary terms once when I was young. That is what some people just need. A helping time at a time when they are just down.
Well, I had done my research on cash gifting, and in my opinion, cash gifting works only if you have the initial cash to start off with (which people who are genuinely in need of money do not have). And majority of this cash gifting programmes often become scam when the programme gets too big or have too much members.
In the end, the rich gets richer, the poor just gets poorer.
@bing28 (3795)
• Philippines
16 Mar 09
That would be alright Angelia in case approved will go for it. How about considering a sort of mini cooperative. Members have a fix contribution too monthly, that when times come that anyone would be in need of money she can borrow 150 per cent (or what has been agreed upon)of the amount she contributed. She'll pay back installment with little interest together with her monthly cotribution. By this way every member had the oppurtunity to borrow in case of emergency. On December no borrowings allowed as we will be getting our dividends from the interest earned. Of course there must be a number of months contribution first before someone can borrow. This is just another idea but yours is okey as well.
@angelia286 (2029)
• Singapore
16 Mar 09
Hmm bing28, this sounds a bit like the High Yield Investment Programme (HYIP) that I am working on now, ready to be set up onto the internet and open for membership early April 2009.
THe only difference between your idea and the HYIP that I am setting up is that the monies contributed into the HYIP programme will be reinvested into the FOREX market, and from there dividends are paid out to investors in XX number of days.
Maybe I can see how I can incorporate your idea with my HYIP programme and maybe set up at trust fund for this charitiable programme together with the HYIP. As the HYIP programme is a profit earning business, I don't see how it will work. But, it might just work too.
Lol, thanks for your input bing28! Much appreciated! You have just given me an idea and an avenue that I can explore further and with the reputation of the sites that I have set up, that might just garner the trust of members to contribute towards this financial aid idea!
Thanks and happy mylotting!!
@Amythyst (59)
• United States
12 Jan 09
Well, I for one think this would be great. However, I need a lot more than $80.00 to help me. I either need a great paying job or something to get rid of my debt so I can stay at home--which is actually a much better place for me due to arthritis and other issues.
@angelia286 (2029)
• Singapore
13 Jan 09
I'm sorry to hear about your health problems. i do agree that it takes more than $80 to make a difference in other's lives. But I believe that $80 is a good start in helping some to clear off at least some of their debts and help out in a small way. Of course, that is just a target and if the idea really takes off, the contributions would be more than that right?
No matter what, a cash gift or donation can only help in a small way. Ultimately the person must be willing to help themselves. And if it involves getting a job to support themselves, so be it. However, I was thinking small to help them at least get out of the corner that they had pushed themselves into or at least help them to get back onto their feets or something.
Thanks for your response though! It's much appreciated! Take care and happy mylotting!
1 person likes this
@chulce (1537)
• United States
12 Jan 09
Interesting idea. You are right many of us are having severe financial problems. I am facing some myself. I have actually been trying to find work across the net so that I can remain at my business and still have another way to earn money.
To be honest, I signed up with mylot as another way to hopefully earn some extra money, help out others by giving solutions to problems. Maybe find solutions to some of my problems as well.
I wish you the best of luck with your idea. I am willing to help if I can. But, we must see what mylot will say about it, you still need to be careful and not step on anyone's toes.
@angelia286 (2029)
• Singapore
16 Mar 09
Especially so in this economic situation, many of us are really facing serious financial cashflow problems. As it is today, some of my friends who are considered to be quite financially quite well off has been severely hit by the crisis and has been declared bankrupt or are facing orders to attend courts because of massive outstanding debts oweing to banks and the likes.
Mylot is a great way to earn money provided that you are here with an open mind and not just wanting to earn money (if you can get what I mean). Many of us have come to realise that when we start to really enjoy Mylotting, we earn even more than when we are here for the sole purpose of posting for the money. Hopefully, you will also fall in love with Mylot just like how many of us did!
Well, if this idea were to come to anything, of course, I will have to seek the prior approval from Mylot and perhapes they might want to consider being the sole sponsor behind the ones giving out the financial assistance to others. Thanks for your concern on this matter.
Thanks for the support given and thanks for your input too! I appreciate the well meaning thoughts behind your post and well, I really hope that this idea will crystalise, take form and become a success one of these days.
Take care and happy mylottinG! (And yes, good luck with earning an income from the internet!) =)
Well, if this idea were to come to anything, of course, I will have to seek the prior approval from Mylot and perhapes they might want to consider being the sole sponsor behind the ones giving out the financial assistance to others. Thanks for your concern on this matter.
Thanks for the support given and thanks for your input too! I appreciate the well meaning thoughts behind your post and well, I really hope that this idea will crystalise, take form and become a success one of these days.
Take care and happy mylottinG! (And yes, good luck with earning an income from the internet!) =)
@TheCasualReporter (283)
• France
12 Jan 09
You seem a very sweet and generous person. Regardless of where this idea ends up, your selfless nature is a welcome change in a world racked with financial woes stemming from greed. You might think of a way to do this locally as a charitable organization or use your skills to start a business. Giving people a job is a longer-term way of helping out. Perhaps you've heard the expression, "Give a man a fish and you feed him for a day. Teach him how to fish and you feed him for a lifetime." The same would apply here: "Give a woman a dollar and you feed her for a day. Give her a job and feed her for a lifetime." (Or at least until the business fails!) Good luck.
