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If you have not seen a presentation about Freedom Formula 2.0 check it out here first or this post won’t make as much sense…
Q: What is Freedom Formula 2.0?
A: It is a private, invitation only, venture capital membership opportunity where you can lend money for business expansion and share in the profits.
Q: How long has this been paying out?
A: Version 2.0 is new starting April 1st 2018 and has been modified to provide longevity and sustainability. Version 1.0 started in December 2016 and has paid every member on time (or earlier) every week since but ceases with the introduction of version 2.0.
Q: Is it an investment?
A: No its a personal loan for a 30 day period repaid in full with the agreed interest at the end of the period. Repayments are usually made on the first Friday after the 30 day period; they can be earlier but may take up to 10 days to complete.
Q: How much interest is paid?
A; It depends on your level of membership
Q: What are the membership levels?
A: There are 4 levels and all members start at level 1 which has a $97 fee payable every 6 months.
Level 1 members may, at their option, upgrade to level 2 for a fee of $997 payable every 6 months. As a level 2 member you no longer need to pay the $97 fee for level 1.
Level 2 members, may at their option, upgrade to level 3 for a fee of $4,997 payable every 6 months. As a level 3 member you no longer need to pay the $997 fee for level 2.
Level 3 members, may at their option, upgrade to level 4 for a fee of $9,997 payable every 6 months. As a level 4 member you no longer need to pay the $4,997 fee for level 3.
Q: What happens if I don’t make the 6 monthly payment for membership at my selected level?
A: If the renewal fee is not paid in the time allowed by the management your membership will revert to free and to upgrade again you would need to start again at level 1 regardless of any previous level attained.
Q: Am I paid interest on my membership fee?
A: No! Interest is only paid on loans made.
Q: What are the benefits of upgrading?
A: Increased interest on loans made and the ability to earn commissions on referrals are the main benefits; for a full explanation you should contact the company.
Level 1 earns 15% a month on loans made and entitles you to earn up to $97 commission on referrals.
Level 2 earns 25% a month on loans made and entitles you to earn up to $397 commission on direct referrals and $50 commissions on tier 2 referrals (those people referred by people you directly referred).
Level 3 earns 45% a month on loans made and entitles you to earn up to $1,897 commission on direct referrals and $550 commissions on tier 2 referrals (those people referred by people you directly referred).
Level 4 earns 55% a month on loans made and entitles you to earn up to $4,897 commission on direct referrals and $1,550 commissions on tier 2 referrals (those people referred by people you directly referred).
Q: Do I need to make loans at all levels?
A: There is no requirement to make a loan at any level or to upgrade. However, if you want maximum interest on a loan it would pay to upgrade to the highest level you can before making a loan. Example you have $2,000 – you could join at Level 1 for $97 and then make a loan of $1,900 or a better choice would be to upgrade to level 2 for an additional $997 and then make a loan of $900. Initially this would pay you less but very soon, as you reloan your income, it will pay you much more.
Q: Are there any commissions on loans made by my referrals?
A: YES! As a level 2 member you can start to earn from your referrals loans and will be paid 5% of the loan value once the loan has matured. This increases to 7% for level 3 and 4 members.
Q: How much can I lend to the company?
A: This varies with your level. Level 1 is limited to $1,000 per loan, level 2 $15,000 per loan, level 3 $25,000 per loan and level 4 $35,000 per loan.
Q: How many loans can be made in a month?
A: That is at your discretion but more than 1 per week is not recommended and may be refused. In fact the management have the right to return any loan they deem to be excessive.