WealthyCashMagnet Update

Big news today from the admin over at WealthyCashMagnet. Looks like the forum has been launched at http://www.wealthycashforum.com/. It's main purpose is to create another source of sustainable income to try and keep the WCM running well into the future. It is possible for this to work out as a source of income but only if the forums become popular enough to receive a significant amount of daily traffic. With other forums already out there like MMG, TalkGold, and DreamTeamMoney, it may be difficult to do. In any case, it is a good indication that the admin of the program is really hustling to make the program last so I do hope it is a success. As an incentive, members of WCM are being offered $1 for each proof of payment posted on the forums! Also there are many contests promised for the future.

Another promotion is being offered for any deposits made through Liberty Reserve between Feb. 24th-28th. All deposits will receive a 5% bonus as long as a support ticket is submitted after the deposit is made.

RicanAdFunds/ismAdsIncome Down Time

For those wondering what's been going on at RicanAdFunds and ismAdsIncome lately, there's no need to worry. The program's admins Richard and Russel have been making it very clear all along that the site is simply down in order to take care of some security issues that need to be dealt with asap. They have assured that the site will be back up by Tuesday the 26th at the latest, and we will still be credited for the days the site was down. Here's a message from Richard Cannon on facebook:

It has never been our style not to let you know what it going on. I repeat that I never said that there would never be any issues, I just said that we would always do everything for the best of our members. As we updated code we became very aware of a security issue that we don;t want so after discussion with Russel and our technical team we have decided to encrypt all the code, have a dedicated server per site and also another server just for the support software - this is being done now and as soon as the encryption is completed and fully tested the site will be back up. This will be Tuesday at the very latest. All earnings will be paid and RAF as it is growing very fast will only be better and stronger - thank you to you all - we appreciate you for your support and patience and for making RAF what it is today.

WealthyCashMagnet Review

What is it? How does it work?

WealthyCashMagnet is a long-term passive online income program based on advertising. Advertising packages, which WCM calls "PIPs" are sold and range in value from $8 to $256 each. These ad packs offer a certain amount of credits which can be used to advertise your website or online business. WCM members also receive a percentage of the sites profits for each ad pack that is purchased. Every 8 days, members earn roughly 21% of their total spent on advertising packs until they expire after 12 cycles. That works out to roughly 2.625% per day for 96 days. For example, if $384 was spent on 12 PIP 3 ad packages ($32 each), then every 8 days the member would receive $81 for a total of $972 after 12 cycles. However, a minimum of 50% is automatically put into a repurchase balance used to buy additional ad packs. This is essentially automatic compounding which can be set from 50% to 100%. This will ensure both higher, and longer lasting profits from the program.


Referral Commissions
 
WealthyCashMagnet is a passive income generator, therefore you don't have to do anything but purchase ad packs in order to earn money. However, they also offer referral commission for those who wish to actively promote the program and refer others. WCM offers commission on each position purchased by a referral:

PIP 1: $8 --> $1
PIP 2: $16 --> $2
PIP 3: $32 --> $3
PIP 4: $64 --> $5
PIP 5: $128 --> $10
PIP 6: $256 --> $15


Payment Processors

WealthyCashMagnet accepts the following payment processors: Solid Trust Pay, EgoPay, Payza, Perfect Money, and Liberty Reserve. The fees are 6% for deposits, and $2 per withdrawal with a $5 minimum withdrawal. Additionally, there is an initial one time $10 membership fee in order to earn on ad packs. Withdrawals are processed from Monday to Friday and in my experience are processed almost immediately after requesting, but may take up to 24 hours.


Will it Last?

In my opinion, WealthyCashMagnet has what it takes to keep itself running for a long time. It's actually selling something (advertising), and it uses external sources to generate profits, primarily through Forex. According to the program's admin, the initial goal was to keep it running for 1 year. Due to its success thus far, he has his sights set much further to 5 years. While this all sounds nice, it is important to remember that programs like WCM are still high risk, and could come to an end at anytime despite the good intentions of the programs administrator.



links:
Official MMG Forum Thread  (admin posts here under username "WCM")
Official Facebook Group
Skype id: wealthy.cashmagnet


JOIN HERE 

RicanAdFunds Update & Payment Proof

Although the site was down for a couple of hours today, there is absolutely no reason to worry. It was simply to load the Feb Phase 1 updates.

If you want to keep up to date on all the latest news from RicanAdFunds, check out the RAF Official NewsWire. Or, if you wish to subscribe to their official RSS feed you can do so here.

The program continues to move forward and has just recently passed $6 million in advertising sales! Here are all the latest stats:

Online Days: 135 days
Total Members: 27332
Total Paid: $4,801,155.76
Purchases: $6,356,550.00

Amazing Money Magnet

Another one bites the dust... It has become increasingly clear over the past week or two that AmazingMoneyMagnet.com is done.  Members had been reporting not receiving their SolidTrustPay payments with no response from support, but Payza payments were still being processed. However, it now seems that Payza payments are also not being processed so we can officially report that Amazing Money Magnet is no longer paying and it will no longer be recommended. This is unfortunately just part of the game, so cut your losses and its on to the next one. It's been said a million times, but don't invest money you can't afford to lose.