Monday, February 27, 2012
Amway’s Retirement Plan?
Don’t laugh - but a searcher ended up on my blog searching for “does Amway have a retirement plan”?
OK. I will laugh. That is funny that some dumb ass actually thinks Amway has a retirement plan! I don’t know if that refers to Amway employees or Amway IBO’s which are pretty much one and the same. They’re all (mis)representing Amway in some capacity. And neither has a retirement plan.
I heard from an Amway employee who worked for the head office in
for many years. No retirement/pension plan. And quite bitter about it, as rightly they should be. I have ambots showing up on my blog leaving comments about how Amway did $10 billion in business last year. You’d think a company this big would take care of its employees. I’ve worked for companies nowhere near that amount and we had either a pension or could contribute to a 401k or stock options or similar. Big companies that treat their employees like shit will not offer retirement plans or if they do only to a select few people. Ah nothing like breeding contempt in the workplace! Michigan
Amway knows no boundaries! It breeds contempt all around the world!
But enough of talking about how Amway treats its employees like shit. I’m going the other direction with the “does Amway have a retirement plan” theory and applying it to the phony ass business owners who refer to themselves as IBO’s.
If there was a retirement plan in the traditional sense where the employee and/or the employer make regular contributions to some sort of retirement savings, then I don’t know nothing about it. I’m going out on a limb and saying such an Amway program does not exist because our sack of shit Platinum would have bragged about it endlessly if there was such a thing.
The Amway retirement program is something that IBO’s have to create themselves. How? Well by showing up for Amway meetings for the next 2 to 5 years, spending at least $300/month on shitty overpriced Amway products, attending every Amway meeting, attending every out of town Amway function, spending hours dealing with your Amway upline, subscribing to Communikate and WWDB premier membership (combined close to $100/month), etc, etc. And sometime in those 2 to 5 years the IBO will be rewarded by Amway sending them bazillions of dollars every month for the rest of their lives in the form of residual income. Easy! Being rewarded just by virtue of showing up and buying Amway products and tools. That in a nutshell is Amway’s retirement plan according to all the assholes in our upline.
Spending all that money on the Amway scam sounds like the IBO is funding the retirement program of the person who owns Amway and the Diamonds who are perched at the top of the pyramid. That’s where the money goes! It flows up. Not down.
The BEST Amway retirement plan is to quit Amway. I averaged out that it costs between $500 and $700/month to be an Amway IBO. Maybe higher for some people who get carried away buying Amway products and tools to impress their upline which only goes on for as long as there is room on the credit card. Take that $500/month and invest it in some kind of retirement savings plan. That money could be a down payment on a condo or house to be rented out. There’s monthly residual income right there and when the time is right sell it for a profit. Or $500/month could be invested in the stock market. The possibilities are endless where one can invest an extra $500 or more a month. And probably means having money ready for retirement either in the form of dividends, rent payments, or selling stocks.
Put simply, the more time you spend stuck inside the Amway pyramid scheme throwing your money away at the great Amway gods is less money that you can put towards your retirement goals.
When you’re in Amway all your disposable income must go to purchasing Amway products or investing in the Amway tool scam. There is no extra money to put towards retirement savings.
Be smart. Quit Amway and start funding your own retirement plan instead of making the fat cat bosses at Amway richer.
THERE IS NO RETIREMENT PLAN!!!!!!!!!!!
Stick with Amway = being broke by the time you are ready to retire.