Wednesday, December 22, 2010
Social security won’t be there when you retire?
I’d say just about every Amway meeting we attended one of the scare tactics the speaker used to say was “Social security won’t be there when you retire”.
Well how do they know? I’m pretty sure it will be. But I suppose like any other guesses the speaker has a 50/50 shot of getting that prediction right. So do I!
Even though I think social security will be there when I retire I have other investments and savings and a combination of all are what I hope will sustain me for the rest of my life.
People need to make decisions during their working years and hopefully most start some sort of retirement savings plan in their 20’s and add other investments to it over the years. For example save up a down payment for house while in your 20’s. Buy that house in your 20’s or 30’s and by your 50’s or certainly by retirement age your house will be paid in full. Knock off that mortgage payment and that’s a big part of monthly expenses that goes away. Also get rid of any outstanding debt by retirement age and don’t incur any further debt and that will make retirement years less stressful.
Those are the big things. Reaching retirement age without debt and owning your own home are huge. I mean who wants to hit retirement age and still be a renter? That’s hundreds of dollars you pay each month to a landlord because of poor planning in younger years.
In a previous post I estimated average monthly expenses in Amway around $700. The unknown factor is if this is disposable income or if IBO’s are running up their credit card (probably the latter!). That monthly $700 could be redirected to a mortgage payment instead of being flushed down the Amway toilet.
Our upline's goal was to strike fear in people’s hearts to scare new prospects to sign up. For a bunch of bastards who extol the virtues of “don’t say negative” they’re the most negative people I’ve ever met. Full of doom and gloom about the future, businesses shutting down, recession, people losing jobs, social security won’t be there, and blah, blah, blah. Who needs to listen to the negative shit that goes on in Amway meetings?
The speakers scare the IBO’s into thinking that social security won’t be there when they retire so they need to find some other income. Any other plans IBO’s have the upline pokes fun at them and puts them down. According to the "wisdom" of our upline bastards Amway is the only choice and all you have to do is spend 2 to 5 years working part time 10 to 15 hours a week doing the work in order to live off residual income for the rest of your life. Freedom!
Yeah right. There are better options out there than throwing your money at Amway chasing futile dreams.
Don’t think negative like our upline. Think positive. Social security will be there when you retire. (I got a 50% chance of getting that prediction right!)
Forget social security. With luck Amway won’t be around when I retire! Ha ha ha! 50% chance of me getting that prediction right too!