When I was an IBO, at functions the diamonds used to brag that they always paid cash for everything. Afterall, it was stupid to pay interest because you had a loan. You just pay in cash for what you want and it's done. The diamonds said they even paid cash for their homes and other big ticket items. On the surface, that seems like good advice but the reality of life is that most people need a loan to purchase a home. A mortgage is not an "evil" debt as the diamons might make it out to be. You buy a home and get a mortgage. It allows you to purchase the home and make reasoable payments. Look at it this way, it's like a long term rental where the rent never increases. Even if you pay the bank interest, it allows you to make the purchase, and the interest is tax deductible. I puchased a home in Hawaii (Windward Oahu) for $300,000 in 2001. While I still have 15 years to pay off the loan, my homes is now worth $800,000 and I still get to deduct the mortgage interest. Also, because the interest rates were low, my mortgage is relativey small.
Back in 2009 or 2010, a prominent WWDB triple diamond filed for chapter 7 bankruptcy (I have links if needed) and it showed that this diamond not only had mortgages, he also had credit card debt (Greg Duncan). Imagine that, a diamond who told people loans were stupid had a bunch of loans and credit card debt even though he has a large income ($500K annually from Amway). Other WWDB diamonds also put their "mansions" up for sale around that time and they also apparently had "mortgages". How do you have a mortgage if you paid cash? (They lie) Kind of makes me wonder what else the diamonds lied about? Are they "do as I say and not as I do"? Seems they are hypocrites and I suspect many diamonds live "check to check" like the rest of the world, although you can argue that the diaonds still have nicer stuff that someone who is "broke". What many people do not know is that a diamond receives most of their annual income in the form of annual bonuses, thus a diamond's monthly income might be relatively small.
One thing is for sure, diamonds do not live as large as they like to portray. I believe the diamonds must portray a life of excess because nobody will get excited about going diamond, and live a middle class lifestyle (albeit without a 9-5 job). Think about it, even if a diamond makes say $200K from Amway and another $200K from tools income (400K annual income), after taxes, business expenses, and things like medical and dental insurace (and perhaps a mortgage), they are not living a life of endless leisure and doing what they want when they want with no regard to cost. Keep mind as I said that most of a diamond's income is an annual bonus so that bonus must be budgeted out or the diamond will go broke.
I haven't been to an Amway function recently but if you see diamonds bragging about diamonds paying cash for everything, do the math instead f blindly believing and you may be able to see what I see. That it's more likely hype and BS than the truth. Diamonds portray excessive wealth but they are more than likely middle class people with the illusion of wealth.