Wednesday, July 17, 2019

Are Diamonds Broke?

I recently read an article on what constitutes wealth. Some say an annual income of $100,000 would make them wealthy, some say assets exceeding $4 million would do it, and some estimated that $2 million would make them "rich". Of course, everything is relative and someone earning $25,000 a year would think that $100,000 a year is wealth, etc. College students might think $40,000 a year is awesome because many have little money to begin with. I'm sure someone like Bill Gates would not consider $4 million to be astonishing. It's all relative. If you are content with what you have, you are likely relatively well off already.

But let's talk about Amway diamonds. I say diamond because it is basically the pinnacle of success. It is the crowning achievement of the 6-4-2 plan (or other variations) that many groups show. The average diamond (non Q12 - the norm) earns about $150,000, according to Amway. Now $150,000 sounds like a lot of money to young people or to those with lower wage types of jobs, or those who are just starting out in their careers. But we also know that diamonds earn income from the sale of tools. Some groups advertise (verbally) that someone might earn $100,000 a year from the tools/speaking income.

Let's be generous and say the diamond earns $300,000 a year from Amway and tools income. Income tax and medical insurance for the family will eat up about 40% or more of that right off the top, leaving about $180,000. Fantastic you might say? Well, a diamond certainly would live in a million dollar mansion, which would give you about a $6000 a month mortgage or $72,000 a year, leaving $108,000. (Although many - a - diamond pays for their homes in cash) Fantastic right? Well, diamonds are constantly traveling to various functions, flying first class and staying only at 5 star hotels right? So an average of 1 trip per month with a family, first class and a 5 star hotel would probably cost about $10,000 or more per trip, or about $120,000 a year, now leaving $8,000 for this diamond's yearly budget. A good diamond with a family surely consumes 300 PV per month for household goods, or about $900 a month or about $11,000 a year, leaving debt for the rest of the year. A good diamond is often a Christian who would faithfully tithe 10% of his income, or about $30,000 a year, leaving the diamond with more debt (or they don't give to charity). Then there's monthly costs to pay for their electric and utility bills, gas, car payments, meals and entertainment.

Yes, some expenses may be slightly higher or lower, but what I am trying to illustrate is that even an above average diamond with tools income is more likely to be broke than wealthy if they live the lifestyles portrayed at functions such as dream night or other major functions. Do the math. It is unlikely that diamonds pay cash for everything and it is unlikely that fabulous lifestyles can be sustained on a diamond income. There is plenty of evidence out there. Diamond's homes foreclosed, diamonds behind on income taxes, a prominent triple diamond in bankruptcy proceeding, many diamonds selling off their homes in a bad real estate market.

I truly believe that it is quite possible for many diamonds to broke or in debt trying to portray a lifestyle of wealth and fortune.

8 comments:

Anonymous said...

That loudmouth Dave Severn, in his Amway propaganda video "Pigs Don't Know That Pigs Stink," says that anyone who is content and happy with the current level of his income is "broke."

In other words, you have to have a perpetual rocket up you ass all the time, always chasing after more and more money, and never ceasing to rest and take it easy. You have to be a dynamo of endless energy and acquisitiveness. You have to be a greed-driven maniac.

This is the Amway definition of "a broke loser" -- anyone who isn't in Amway, and who is nevertheless perfectly comfortable with his income and his lifestyle. In other words, even a multimillionaire who is happy with his life and doesn't join Amway to make more money is "a broke loser."

This explains a lot about Amway rhetoric.

Anonymous said...

You read my mind. I was just thinking of how they say they will go to the "beaches" of the world and aside from the Amway trips, I have never seen the upline diamond or the other diamonds boast about going to Bali, Spain, Morocco, etc outside of any Amway function. The only Diamonds that travel are the Crandell's but the wife is from Jamaica so they have to go to visit family. I want to see the Diamonds that go somewhere on their own penny. I haven't seen it yet....

Anonymous said...

The business about "walking the beaches of the world" is such a worn-out, broken-down cliche that I'm amazed Amway freaks still use it. It's become a running joke on the internet at this point!

The fact that Amway assholes can't think up a new image to replace it shows how utterly lacking in imagination the entire company is.

Anonymous said...

The beaches of the world are fast becoming covered in refuse from single use plastic packaging anyway so not much to aspire to.

Will said...

Hey Joecool,

Wanted to get your perspective on something I been discussing with others who have left Amway and World Wide and LTD. One thing a few former IBO's mentioned was that there is an alarming number of cases of racism in Amway and their LOS systems. One upline in LTD would often tell his downline NOT to recruit African Americans or to recruit from historically black colleges and universities. They try to imply African Americans aren't as successful as white people, therefore they shouldn't be recruited because they don't have income to pour into this scam/scheme. The person who said this is also African American himself which is weird. It's shocking considering many in Amway and the LOS systems claim to be Christians but share racist ideals like this. I am personally grateful they don't recruit black people as no one deserves to be duped into this cult or pyramid scheme.

But I wanted to ask you Joe, was racism a thing in your LOS system or did you notice it yourself years ago when you were in? Also, what do you think about the racism that is taught by uplines now?

Joecool said...

Will, I have never heard of racism in my experiences. I haven't heard anyone ever mention that as a negative either. I did hear sexist comments such as a woman should be at home ready for her man when he came home from showing the plan, etc. I also heard of people saying not to recruit younger people because they are challenged to attend functions, etc. But I've never heard of racism, to be honest.

Anonymous said...

There are IBOs of many races in Amway, especially since the company has been recruiting abroad. The thing to remember is this: Amway and all of its LOS subsystems have as their primary motivation and goal MONEY, and the accumulation of it.

For this reason, the color of your skin or your languages doesn't matter to up-line. If you can pay the fees and maintain a solid monthly PV, you're acceptable.

Aquos said...

Hopefully the diamonds all burn in hell.