Tuesday, April 17, 2018

95% Of Amway Losers Will Be Broke By Age 65?


You know how every Amway meeting you go to the Amway cult leader says that 95% of the population will be broke or dead by age 65? Ask the fucker where they get those statistics and if they don’t screech at you to never question upline then they usually mutter something about seeing it on the census.

Yeah right. Who remembers seeing these questions on the census?

Are you 65?

Are you dead?

Are you broke?

I’d say if you’re an Ambot and a devoted worshipper of the Great Amway God there’s an excellent chance you’ll be broke by age 65. Probably higher chance than the rest of the population. Amway Ambots are constantly broke cause they have to use all their savings and go into debt to buy a bunch of shitty overpriced Amway products and buy tickets to hear Amway cult leaders spout off lies and bullshit about how everyone in the room is going to be rich in 2 to 5 years by working part time 10 to 15 hours a week.

Is there a way you can lessen your chances of being broke at age 65 what’s usually known as the retirement age. You don’t have to be highly educated and making a huge income to not be broke at age 65. You have to save and invest your money and the earlier you start the better off you’ll be. And I’m talking real investments here. Stocks, bonds, funds, gold, silver what have you. You don’t blow your money buying stupid things.

Filling the garage with a bunch of overpriced Amway soap that you’ve stockpiled and hope to find some dumb fucks to sell it to is NOT investing. No matter how much the lying assholes in your Amway upline convince you that you’re “investing in your business”.

What if I said 42% of the population will be broke by age 65?

Seems kind of high right? But it’s cut less in half the figure that Amway cult leaders use and they can’t back up where they got their figures from.

Check out this article from Go Banking Rates and be prepared for reality to slap you in the face.

Look at the table.

Q: By your best estimate, how much money do you have saved for retirement?
Ages
$0
Less than $10,000
$10,000 to $49,999
$50,000 to $99,999
$100,000 to $199,999
$200,000 to $299,999
$300,000 or more
18-34
18.18%
39.16%
6.69%
11.59%
8.69%
6.69%
8.99%
35-54
12.46%
24.43%
7.38%
15.35%
12.76%
10.67%
16.95%
55+
10.56%
22.21%
5.98%
10.86%
14.64%
12.35%
23.41%

Above table at:





When you add up all ages in the first column on the left under $0 that’s 42% who have no retirement savings. Let’s leave out the under 35 crowd cause they have a higher chance of socking more money away by the time they hit retirement.

Let’s pick on the people who are age 55 and up because they’re closer to retirement than people under age 35. 10% have no money saved for retirement. And then a total of about 38% in this age group have less than $50,000 saved. Let’s look at that amount. It’s not going to carry you too far in your 65+ age bracket if you consider basic living expenses and if you end up with big medical bills or maybe you thought you’d do some traveling in your golden years.

About 23% in the 55+ range have over $300,000 saved for retirement. That’s a quarter of the population in this age bracket.

Amway Ambots claim 5% of people won’t be broke by age 65 and that’s because the cult leaders brainwashed them into believing those 5% owned their own business. Talk about a bunch more fucking bullshit from lying scamming Amway assholes.

Anyway this table shows 25% will be reasonably well off. Certainly over 50% will have some savings. When you consider other money that might be coming in once you retire like social security and pension and if you’ve got dividends coming in from the 300k you can probably still live a decent lifestyle and tap into your capital from time to time.

Here are the reasons Americans say they don’t have retirement savings:
1.      I don’t make enough money to save
2.      I won’t need retirement savings
3.      I’m prioritizing paying down debt
4.      Job doesn’t offer a plan
5.      Struggling to pay bills
6.      Used money for an emergency

Here are the reasons Amway Ambots say they don’t have retirement savings:
1.      The $10 commission from Amway isn’t enough to save
2.      I won’t need retirement savings because in 2 to 5 years I’ll have bazillions of dollars in residual income rolling in from Amway every month
3.      I’m prioritizing tithing the Great Amway God
4.      Amway doesn’t offer a pension plan
5.      Struggling to find enough money to buy shitty overpriced Amway products worth at least 100 PV every month
6.      Used all my money to buy Perfect Water and Double X

Amway Ambots truly believe they’re going to retire at age 21, or if they’re older than that the timeline will probably be “next year”. They’re brainwashed to believe that bullshit from the Amway cult leaders. The only people in Amway who might have a slim chance to retire at age 21 are heirs of VanAndel or DeVos. And they’re probably not retiring either because they’re being groomed to take over the pyramid scheme business.

Like the article says, take steps now to have a golden retirement later.

The first step is make a decision to stop squandering your money away in an MLM scam.

The second step is to quit Amway.

Only then can you start to get your finances back under control.

Are you saving at least 10% of your income?

Or are you spending more money than you make, going into debt to buy shitty overpriced Amway products and buying tickets for Amway cult meetings?

A commenter stopped by to say she’s considering leaving her Ambot husband because he’s squandering away all their money. She said she’s 50. I said she should have at least her age in years x $1000 in retirement savings. Double that if you’re married. And that’s a minimum. According to this article about 42% in the 35 to 54 age group have less than $50,000 saved. And if you’re married to an Ambot? Probably more than likely in the 12% who have zero saved. Because if the Ambots had any savings it’s all been blown on the Amway pyramid scheme.

The point of this article is to show that Amway losers are lying when they say 95% of the population will be broke or dead by age 65. The number is closer to 42%. And that’s still too high.

If you’re an Ambot or even if you’re not and just like to read this blog, take a look at the table that asks how much money you’ve saved for retirement and select the square you’re standing in. You want to be on the right.

Q: By your best estimate, how much money do you have saved for retirement?
Ages
$0
Less than $10,000
$10,000 to $49,999
$50,000 to $99,999
$100,000 to $199,999
$200,000 to $299,999
$300,000 or more
18-34
18.18%
39.16%
6.69%
11.59%
8.69%
6.69%
8.99%
35-54
12.46%
24.43%
7.38%
15.35%
12.76%
10.67%
16.95%
55+
10.56%
22.21%
5.98%
10.86%
14.64%
12.35%
23.41%

Above table at





If you want to do something about it – Amway is not the answer.

Amway is all about sell the hope not the soap.

How about a better way to sell the hope? Read articles on Go Banking Rates and similar financial advice sites on ways to better your financial situation that has nothing to do with scamming others.

Tell yourself that you will not be broke at age 65 the way most Amway losers will be.

What is your worst fear?

Being a broke Amway loser.

Or married to one.




3 comments:

  1. Amway is an utterly insane way to prepare for retirement. A dipshit MLM with small rebates on personal-use purchases, plus practically no chance to develop a down-line? You'd have to be financially suicidal to have that as your retirement plan.

    Sane persons have a retirement based on savings, a pension plan, IRA or 401K, stocks and bonds, real property, plus Social Security. Even with all that, nothing is certain. You have to be very, very careful with your money.

    The fact that the lying scum in Amway tell you that none of this matters, and that you should liquidate all of your goods to buy into the absurd Amway "Plan," is nothing short of criminal. Anyone advising you to do that should be arrested and hanged.

    Sell your property and liquidate your IRA to buy into Amway? Are you fucking INSANE? Only someone living in Cloud-Cuckoo-Land would consider doing that.

    ReplyDelete
    Replies
    1. Anonymous - there are too many stories online of people probably nearing retirement age who get sucked in with Amway's promises of riches and they wipe out their 401k and other savings and spend it on Amway shit. The latest link someone provided a couple of years ago the woman lost 100k believing the lies of the Amway scammers.

      Amway assholes aren't the only scammers out there. People got to be careful with their money, figure out their risk tolerance and invest on how they're comfortable. Someone investing in stocks that pays a nice monthly dividend and increases in value 5 or 6% a year will do better than someone putting their money in a savings account with 1% interest but maybe that's where their risk tolerance is. Amway Ambots obviously have a high risk tolerance to get involved in something with over 99% chance of failure so high risk stocks with potential high gains should be right up their alley.

      On the other hand if I was looking at a stock with those kind of odds - less than 1% chance of increasing in value and paying dividends - I'd keep looking!

      Selling any investment or asset to buy into Amway I'm with you. The Amway loser is fucking insane!

      Delete
    2. Oops I meant to say that link came in a couple of weeks ago not years! LOL! How time flies!

      Delete

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