Re: Primerica: Why it's just anyother Multi-Tier Marketing Scam

Subject: Re: Re: Primerica: Why it's just anyother Multi-Tier Marketing Scam

Comments:
: : QUICK SUMMERY: JUST ANOTHER SCAM!! DON'T DO IT!!, DONT SIGN Up!! IF ITS TOO GOOD TO BE TRUE... IT IS!! : : Ok heres some logic. Suppose I tell you that if you sign your family up with my insurance policy I'll give you $1500. That is precisely what Primerica is. : : They beat around the bush, throw facts and figures but really what they are looking for you to do is sign your family up with their financial programs. : : Fact is that if you invest $10,000 for someone for 25 years with the S&P500 index (14%). It will roughly inflate to $260,000. Your program offers to pay them a year (which is a lot more then what your bank will do) they will make $170000. That means that Primerica made roughly $100,000 doing business with you. So of course they can pay you $1,000 - $2,000 as a sign up bonus. : : Now lets take it a step further. From what I've heard (I left in the middle of the lecture) they want you to recruit 3 people by doing so making $3000 off their labor. THATS IF THEY LABOR. Now suppose you find 3 people, you have to make sure they recruit 3 people a piece so that you can collect $15000 a month. However, you now have 9 people at the bottom of the pyramid who all wish to be making commission off other people laboring. : : FACT IS THAT THERE WILL ALWAYS BE MORE PEOPLE AT THE BOTTOM OF THE PYRAMID HUNGRY TO SIGN PEOPLE UP. : : There will always be a huge drop out rate and while you may have made a $100,000 by recruiting x amount of people... it's really cheap change compared to the money Primerica made off of you and it's short term money in that eventually you won't be able to find new recruits and/or new people to sign up for their finanical programs. : : So what happens at this point is the pyramid collapses bottom up and eventually you will find yourself having no recruits to capitalize on and be forced to drop out yourself. : : I can show you facts and figures but it's all in the works. I'm currently working on a site bashing Multi-Tier Marketing. Primerica, Marker America, etc.. : : Feel free to contact me. I left my contact details in this thread and don't hate me cause I differ in opinion. Fact is I'm trying to do you a favor by pointing out some not-so-obvious flaws. You may make some money using this program but remember: : : A: it's a lot harder then it seems : : B: That money may or may not be there forever : : C: Don't rush to sign your own family up, sign up strangers first and see how hard it is. : : RE: Primerica: : I never thought I'd be doing this, but I tried desperately to get my wife OUT of the grips of Primerica hype, and back to some reasonable form of income, like being a Wal Mart greeter, or a Denny's waitress. Sure it's a slave job, and you're making the owners of Wal Mart and Denny's rich, but at least it's a job. That's the entire point of working for the rich people. They'll always take care of you and give you a little money when you're old and ready to kick the bucket. I know they're making a killing on my efforts, but...what the hell...I'm not smart enough or good enough or devious enough to make the kind of money they're making. I'm just happy being a slave and having a roof over my head and some food in my stomach. I have a great back yard where I BBQ and watch football games. Of course my BBQ is a pit in the ground, and the TV I watch games on is my neighbor's TV that we can see from over the fence. I'm just glad I don't have to pay his electric bill. I can't afford to pay mine, but then my wife says she loves it when we light candles...it makes it more romantic. Money is the root of all evil she says. I'm convinced of that 'cause the mortgage company that's trying to foreclose on our house just doesn't understand that it's our home, not just an investment. All they think about is money and how to get more. Greedy bastards. Every time I get my paycheck, I walk it directly to the bank 'cause it's too little to go by itself. Besides, as soon as it goes int he bak, there is ALWAYS someone there to take it from me. Just like those PrimAmerica people. They think they can fool me into thinking they're helping me out with my money and investments, but what they really want to do is trick me into making more money so I have to live in a nicer ghetto. Then they'll want to come over and eat at my BBQ pit and watch my TV while I pay the electric bills. They'll want to sell me some term insurance policy so my family will have tons of money when I die and won't ever have to work again. They'll find some way of investing even that death money so they can get even richer. No no. None of that crap for me. : Yup, you multi-level marketer bashers keep doing your thing. All hail to Wal Mart and Enron and every other corporation that makes us little guys work till we drop. Slavery isn't great, but at least we know where we stand. At least we aren't being deceived by thinking we can be better than we are. : Thank you. : Charles : PS. They just put a foreclosure notice on my front door...damn money mongers...!!!

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