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Guys there’s this boot camp that I came across that trains people to get jobs in Top consulting firms and has a fee plan wherein you pay once you get placed. I just wanted to know if someone here has any experience with this ?
https://docs.google.com/spreadsheets/d/e/2PACX-1vQuKa3k-rG3emxJcfbidCjC0Su85E_BKqW9cTeFZMY4xg4LnUVxOLrpcETqf7d-iEePlFh6lJ1knwwD/pubhtml
Bain & Company Help a brother out and like this post so I can dm! Also, would be really grateful if anyone is willing to give me a referral to their firm. I graduate this year and interned in the strategy group at KPMG this summer McKinsey & Company EY-Parthenon Deloitte Strategy& Bain & Company Accenture
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Coz if they were, hotels wouldn't have to bribe you with free shit for attending a seminar to buy one
Black out dates, and the fact that the world is a big F-ing place and you should go somewhere new for vacation
You think now that you like timeshares but you won't. Now how about you play with some Legos and you can have dessert after dinner.
Because if they were a good deal, people wouldn't dump them on eBay for pennies on the dollar of what they paid for them.
Essentially you pay 1/4 the cost a a condo to get 1/52 the use, you can't rent it the other weeks of the year, and you get charged a maintenance fee that costs more than a stay at a comparable in-timeshare property. I'll give you an example because I did this 3 weeks ago. Marriott called me and offered a week at a timeshare in Orlando for $299 if I'd listen to the sales pitch. That's a good deal to me. Here's the pitch, oversimplified. Buy a timeshare for $54k that's gets me enough "points" each year to spend a week at this property. Finance through Marriott (only option if not paying cash) at 7.9% (this is without running my credit, not because I have bad credit), and then pay $2,400 per year for maintenance (mind you I only get 1 week, so that's annualized maintenance of$124,800!!). If I want to stay at a different property, that's fine, just pay a $199 swapping fee. So you shell out $54k for the "privilege" of paying $310/night to stay at a Marriott for a week a year. The payback period is like 300 years! Thanks, I'll pass.
Math
If it sounds too good to be true, it probably is.
As M1 says, you are purchasing a partial interest - usually 1/4 - in a property you would otherwise not be able to afford. The sales people are trained to make it sound super attractive and flexible with the whole being able to trade angle. But when you decide to sell, you will have a bitch of a time doing it.
My ex bf's parents had one but it was a cheap beach house and the share holders were all their friends so it wasn't weird. It was in ocean city MD so not hard to get to. I think it depends on location and if you really want to go there over and over
The old school timeshares (get a week at a particular peppery) are terrible ideas. The way they do them now (points based) makes much more sense for how you'd want to use it but they are still way over priced. And you pay maintenance fees in perpetuity until you get rid of it.
You can rent them super cheAp. Supply vs demand
Do you gain any equity in holding them?
My parents have 3 "weeks" (points) with Marriott and they got them very cheap. My mom has studied and calculated how and when is best to use them. They are semi retired and it works well for them. They've travelled all over which they probably would never do.
You have the responsibilities of ownership but you don't have control of the property - you can't use it whenever you want. It will not always be convenient to go on your assigned week. Places you might want to trade for might not be available when you want to go. Eventually, for many people, the limitations outweigh the benefits.