Dating is super easy with apps such as Tinder and Hinge where you just swipe right for a match.
What if we told you suing a company is just as easy? British entrepreneur Joshua Browder launched a new version of DoNotPay—an application that helps users file lawsuits for class-action settlements.
Joshua Browder is famous as the 21-year old from Stanford known as Robinhood of the internet”. Kickstarted by Browder, the app was not his first start-up venture. In 2015, he created an app that helped people fight parking tickets in courts.
DoNotPay aims to simplify a bureaucratic system that is complex, time-consuming and expensive.
While initially, users could claim reimbursements from late packages and expedited DMV appointments, the app has not been expanded to include class action suits.
The app leverages artificial intelligence where users can win up to $25k in settlements. Browder has claimed that this app has helped users win $16M in parking ticket fees.
The average Equifax reimbursement for its data breach issues is approximately $7k. DoNotPay has been downloaded over 10k times in a week and it seems that people are loving it.
Seriously guys, download @donotpay and look at all the services it offers. It's true Access to Justice…not just court proceedings, but lots of other subject matters that people need help in.
The app is funded by customer donations as well as seed money that amounted to $1.1M. While users can now keep 100% of settlements, Browder plans to charge for legal assistance on a case-to-case basis, sometime in the future.
Browder believes this app is will be widely used as people are pretty miffed with the legal system. He stated, “I think people are really upset with how the legal system works. Lawyers say this app isn’t necessary, but if your issue is below $10,000, no lawyer is going to help, and if they do they’re going to take 50% of what you make.”
The app is currently popular for customer complaints and redressals where users sue in case of a breach of contract. Browder is optimistic about the app being used for negligence settlements as well.
So how does it work?
DoNotPay has 15 products or legal panes listed on its platform ranging from automobile accidents or recovering personal property. It provides necessary documents for users to file a suit. This includes a demand letter, county filing docs, and a script to read out in court.
The primary reason for launching such a service is to empower the common man who is intimated by the complex legal system and for millions of users who are unaware of basic rights.
By educating millions, DoNotPay wants to create a level playing field for the United States legal system.
Gold is often seen as a safe haven during times of economic uncertainty.
As a tangible asset, it can provide a hedge against inflation and currency fluctuations. During a recession, the price of gold may rise as investors seek a safe haven for their money.
READ: 3 Ways To Invest In Gold (In 3 Minutes Or Less)
3. Real Estate
Real estate can be a good investment opportunity during a recession. Especially if you are looking for a long-term investment. (Hence why NYCE exists.)
While property values may dip during a recession, they tend to recover over time. In addition, rental properties can provide a steady stream of income, even during a recession.
After all: Real estate has created more millionaires than any other asset class.
4. High-Quality Bonds
High-quality bonds, such as U.S. Treasury bonds, can be a safe investment during a recession.
These bonds are backed by the full faith and credit of the U.S. government, which makes them less risky than other types of bonds. (Though this has become less safe today than in the past.)
They may not offer the highest returns, but they can provide stability and protection during a recession.
5. Consumer Discretionary Stocks
Consumer discretionary stocks are those that are tied to consumer spending, such as retail, travel, and entertainment companies.
During a recession, these stocks may suffer as consumers cut back on non-essential spending.
However, if you believe that the economy will recover, investing in consumer discretionary stocks can be a good bet.
6. Healthcare Stocks
Healthcare stocks tend to perform well even during economic downturns, as people still need healthcare services regardless of the state of the economy.
In addition, the aging population in many countries is driving demand for healthcare services, which can provide long-term growth opportunities for investors.
7. Technology Stocks
Technology stocks can be a good investment opportunity during a recession, as many companies in this sector have strong balance sheets and cash reserves.
In addition, the shift towards remote work and online shopping during the pandemic has increased demand for technology products and services.
8. Emerging Markets
Emerging markets can be a good investment opportunity during a recession, as these countries may be less affected by the economic downturn than developed countries.
In addition, emerging markets often have higher growth rates than developed countries, which can provide long-term growth opportunities for investors.
9. Dividend Stocks
Dividend stocks can be a good investment opportunity during a recession, as they provide a steady stream of income even during tough economic times.
Look for companies with a history of paying dividends and a strong balance sheet.
10. Cash
Finally, cash can be a good investment during a recession, as it provides flexibility and liquidity. Having cash on hand can allow you to take advantage of investment opportunities as they arise.
In conclusion, while a recession can be a challenging time for investors, it can also present opportunities for smart investment decisions.
By identifying the top investment opportunities during a recession, you can position yourself for long-term success.
He appeared on popular TV shows and even wrote a book about his success. The pet rock craze died down after a year, but Dahl had already made his fortune.
After the pet rock craze died down, Gary Dahl continued to work in marketing and advertising.
He also tried to launch other novelty products, such as “sand-breeding kits” and “mood rings,” but none of them achieved the same level of success as the pet rock.
“I think that’s one of the things that is wrong with business today. People are so serious, they forget to have fun,” Gary Dahl said.
The success of the pet rock shows that sometimes the most unconventional ideas can lead to great success.
The story of Gary Dahl and his pet rock is a testament to the power of thinking outside the box. Sometimes, it’s the seemingly ridiculous ideas that can lead to the biggest successes.
Dahl’s story is not only inspiring, but it’s also a reminder to keep a sense of humor and not take ourselves too seriously.
In business, it’s easy to get bogged down in strategy and analysis, but we should never forget the importance of creativity and fun.
The success of the pet rock is also a lesson in the power of marketing.
Dahl’s packaging and instruction manual turned a simple rock into a desirable product. It’s a reminder that sometimes it’s not the product itself that’s important, but how it’s presented to the world.
So if you’re feeling stuck in your business or just need a little inspiration, take a cue from Gary Dahl and his pet rock.
Keep an open mind, don’t be afraid to take risks, and don’t forget to have a little fun along the way.
Who knows…you might just come up with the next big thing.
About author:
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I was looking around Google for an old article on tax strategies and this five-year old video of myself happened to pop up.
I’m interviewing a tax expert about how real estate investors avoid paying taxesin perpetuity—AND how everyday citizens can do the same thing.
(Real estate—our TEMPLE I and TEMPLE II projects included—has a number of tax benefits savvy investors have capitalized on for years, including Opportunity Zone breaks and 10-year tax abatements.)
There’s the 1031 exchange, of course, which I’ve shared with you guys before.
Just to refresh your memory, the 1031 Exchange allows you to roll over gains from your last project into a new property TAX FREE—as long as said property is worth the same or more.
But there’s ANOTHER TAX LOOPHOLE that can take your portfolio to an entirely new level by splitting your capital gains into MULTIPLE properties.
PS: In our next update, I’m going to break down how real estate moguls get paid from their properties…tax free. 👀 PPS: If you want to learn how to implement generational wealth strategies like this one, you can join our NYCE wealth academy (TRIBE U) here.
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