@run4yourlives2 You're pretty bullish on the idea (no harm in that..). Do you know things here that we don't know?(Again, nothing wrong with liking the idea and the company.... just wondering if perhaps you can be source of further knowledge).
Nope, no idea. First I saw of it was this post. I work in employee benefits software outside of the US.
The more I look into it though, the less bullish I am on it.
There is a lot of black magic here that creates that "too good to be true" product. It's still a great idea and will likely have many fans, but this is a pretty capitalistic product.
The people who need this idea the most are the ones whom generally have to pay the most for other things.
And this sounds close to the argument that people make against the poor having smartphones, without realizing that there are lots of cheap smartphones out there, and generally this is their own connection to the internet, which is increasingly needed for everyday life.
You're likely correct, but you and I could probably give them a list of 50 things they "can't afford" to be doing in about 10 minutes.
Point is that it's not for us to say what a person does with their money. If the only benefit of this is that it gets a person through college or post college table hopping without a completely destroyed credit, perhaps it is worth the $150.
Nice, innovative, and actually useful. I wish them luck.