Thursday, November 1, 2018

Amway Creates Debt, Not Wealth?

One of the things I noticed is that many IBOs who support the Amway opportunity seem to be in debt. I know that being in debt is one of the reasons these prospects are drawn to the oppportunity, because they believe that they will earn so much cash that their debts will go away. I remember seeing a presentation where the speaker touched on how people were in debt with credit cards maxed out. Thus this business is for you because you can earn enough to pay off those credit card bills or maybe go diamond and pay cash for everything.

In my informed opinion, the speakers who promote Amway in this manner are unethical at best, because they will teach IBOs to live below their means, cut expenses, and reduce debt, only to turn around and have the IBOs spend their cash on tools. It's not really debt reduction, but simply redirecting an IBO's purchases towards things that benefits the upline. It is why I often wondered why a speaker would say it was okay to go in more debt, only to invest in their Amway business. I mean, debt is debt and if IBOs are to reduce their debts, they should also be cutting their Amway expenses and focus on selling products, which can result in immediate cash.

I also believe many diamonds to be hypocrites. I heard many of them speak about how diamonds pay cash for everything, including their homes. I find it quite humorous and very hypocritical of some of these speakers who were exposed as having their homes foreclosed. One of these speakers, Greg Duncan, a prominent triple diamond, apparently had filed for chapter 7 bankruptcy some years ago because he could not service his debts. This was public record in the State of Montana.

I also believe that many diamonds may be drowning in debt, more so than the downline that they teach. Why do I believe this? Because they portray lifestyles that are not sustainable on the incomes they have. Sure a diamond may have a $250,000 income consisting of Amway payments and tools. But if anyone does the math and considers taxes and business expenses, these magical diamonds suddenly don't have much cash left over to be able to purchase mansions and sports cars. So how do they obtain these trappings? I believe many diamonds might be financing their cars and homes, and may actually be in heavy consumer debt while trying to portray a diamond lifestyle.

Amway pundits may argue that hey, at least these folks don't have to answer to a boss and wake up early to go to a job. While that may be true, most job people don't have to stay up until 3:00 in the morning showing plans and having nite meetings to motivate their downline. Furthermore, a diamond must have to live in fear that a scandal could tear apart their group or that a disagreement with an upline could get you cut from tools profits.

To summarize, I don't believe diamonds are that different than the rank and file IBOs. They get divorced, they have debts. They may have bigger incomes, but that is all relative. A man with a $50,000 a year salary could live comfortably and debt free while someone who earns $250,000 can be drowning in debt because they live beyond their means while the $50K man lives below his means. The evidence is there, diamonds live excessively and many flaunt wealth. In the book, the millionaire next door, Stanley and Danko say that people who flaunt wealth, often are not wealthy. Are you as an IBO, drowning in debt? Maybe you are simply following the example of your upline diamond? Maybe?

1 comment:

Anonymous said...

Persons who speak at an Amway presentation are always lying in some way, shape, or form. The recruiters have already lied to trick people into attending the meeting, so the speaker will have to follow suit and lie as well.

When you are at an Amway meeting, it is very similar to being in church. There is an air of deep reverence, and the speaker is like a preacher in a pulpit. He won't talk in a straightforward rational manner, but will use emotional hype to alternately frighten and encourage his listeners. He will make you quake with the fear of being poor; and he will exalt your spirit with images of the "Diamond" lifestyle. Amway alone will save you!

His version of "Hell" will be the world of an ordinary job, with its allegedly dead-end nature. His version of "Heaven" will be the stupid MLM-scheme that Amway offers as the only possible salvation. The "damned" will be those who turn down Amway's offer of salvation, and the "saved" will be those lucky few who sign up as IBOs and commit themselves to Amway heart and soul.

Twenty years ago, the Amway assholes were telling us that MLM buying and selling was "the wave of the future," and that brick-and-mortar stores were soon to be obsolete. What bullshit. It didn't happen at all. And the fools who joined Amway twenty years ago are now broke losers.