Thursday, February 18, 2021

Get Out Of Debt?

 One thing that Americans carry too much of is debt.  In particular, consumer debt.  One thing that upline used to teach was to get out of debt.  On the surface that seems like good advice until you peel back the layers of the insidious intentions of the upline who teach it.  If the upline goal was just to get people out of debt, it would be good, but it’s simply not the case 

Where this teaching falls apart is when upline says to get out of debt, with the exception being to buy tools and function tickets.  This is total BS.  If a small Amway business can’t generate enough profit to purchase tools and function tickets, it’s very likely that the IBO should not expend funds for tools and functions.   At the end of the day, the vast majority of IBOs don’t end up generating a net profit as a result of these tools and functions.  

I attended functions and I don’t recall any real and practical business advice being taught.  Instead it was more about recruiting more potential IBOs and never ever quitting and never giving up.  That you will succeed eventually if you just keep going.  Nothing could be further from the truth.  In most cases, IBOs are just chasing their losses like a liquored up gambler.  The losses just keep mounting and getting worse.  I can compare it to buying more and more lottery tickets.  If you never quit and keep buying tickets, eventually you’re likely to win some prize, although striking it rich is highly unlikely.  

Amway defenders like to swoop in and argue that the Amway business is not a game of chance like the lottery.  While that may be true, the fact that the bottom like results are comparable to a lottery makes it a very sad case indeed.  You have a vast majority of losers and once in a while, someone will strike it rich, like going diamond. And in either case. The winner’s success comes at the expense of the other participants.  

If Amway leaders teach you to get out of debt, it’s very likely because they want to be sure that any disposable income you have can be spent on tools and functions.   Or if you reduce debt, then you have more income to spend on tools and functions.  We will never know but I wonder how many diamonds live in debt?  Living large and showing off wealth can be very expensive.  

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