Something I used to hear all
the time at Amway meetings was retiring early. When I was in Amway I was always
hearing stories about people who retired in their 20's. I've seen a lot
of older Diamonds at Amway functions so it looks like nobody really retires.
Diamonds have to keep after new recruits and make sure their downline are
toeing the line and buying plenty of Amway products and investing in the tool
scam. I think the more correct term is for a few IBOs is some are able to quit
their day job and work at being a commissioned sales rep for Amway full time.
Even more common are the IBO's who quit their day job to work Amway full time
only to discover they couldn't sustain a decent level of living and had to go
back to working a job again.
I've had a couple of ambots leave comments on my blog who are 19, 20 years old
and they're all going to retire in a year. Yeah, yeah. Maybe if you win the
lottery.
I found this article about a couple who did retire early by age 45 and they
have some tips here.
https://finance.yahoo.com/news/5-tips-early-retirees-070000132.html
Note they were not involved in any MLM scheme.
The husband worked as a technical writer and that's really only a recent career
that's been around for about 20 years. The wife was a travel agent, a
commission based job, but she went back to nursing school. These aren't
extraordinarily high paying jobs.
They owned a house and were looking to cut housing costs but there wasn't too
much room there so they rented out part of their house. I have a couple of
different friends who take in foreign exchange students in their house. It
doesn't pay all that well but I'd say enough to cover the monthly grocery bill
and maybe a good chunk of the utilities. Another friend of ours converted his
garage into an apartment and he lived in there and rented out his house. I
think a lot of people can convert part of their house into another living space
to rent out if their city zoning laws allow for it and that helps pay the
mortage or utility bills. I knew someone whose house was occasionally used for
movie and TV shoots, exterior shots and use of the yard. Movie crews never came
inside. That's one of the advantages of being a home owner instead of a renter.
You can use your home to create income.
They saved their money and invested it and eventually sold their house and
invested the equity. Now they travel the world. Unlike Amway Diamonds they live
below their means. They seek out inexpensive places to stay and choose
countries where the cost of living is low. They do not rule out taking on
temporary work to supplement their income and investments.
That's the complete opposite of what we're taught in Amway: working a job is
failure.
Not everyone can live like this couple not having any place that they can call
home. Staying in one place for a few months and moving on to a new destination.
Its not something that could easily be done if there is a family in tow.
Their plan of retiring by age 45 and traveling the world is much better than
the Amway business plan of walking the beaches of the world. One is reality.
The other is a fairy tale.
Ambot loves to waste their time making other people miserable because obviously they don't care about their time. I wonder how long they wait until they answer back to them?
ReplyDeleteAnonymous - nothing brings Amway losers more happiness than destroying other people's lives.
DeleteOh I've missed reading your blog. I stumbled on it after a very long time and felt that I should drop a note..
ReplyDeleteI used to be an Ambot until 2012 from 2003.. and used to tell my team and prospects who would read your blog that you are a nobody.. I mean who is Anna Banana?? Right? I went Platinum myself.. built teams in the US, India and Australia.. well my Platinumship as is the case for 99% of platinums was based on having my team hoard products, from DoubleX to Espring. Told all my non-ibo friends that I am going to retire by the time I am 35 and be financially free. Lost many friends by 'selling the dream'. the good ones came back eventually... i am thankful for that
Anyways, i moved out of Amway in the end of 2012. When I did my taxes in 2012, my income from Amway was approx $35,000 and my expenses were about $20,000. $15,000 is not bad extra money, but I was spending approx 20hrs/wk on Amway. that's 1000 hrs a year and thus the net was approx at $15/hr. In my book, for a qualified professional with a bachelors and 2 masters degrees making $100/hr in his job, spending 20hrs a week to make $15k was stupid. I must be honest that it was not completely because of the mathematics, it was also my wife who was more intelligent than me (yes I married a so called dreamstealer!!).. But I am thankful to her every day since..
Here's what has happened since we moved on.. At the time we were living in an apartment spending on all the BWW System and travel and conferences and what not.. not to forget the hoarding of products...
I redirected my free time towards building a software product. fast forward 8 years, we now have 2 homes, I am a co-founder for a $15m company. I am 41 and really financially free. I do owe something to the fundamentals that i got from selling toothpaste. If you can sell toothpaste you can sell software too!!
I inspired more than 15 Platinums in the Shah org to quit Amway, their spouses went back to work and they are living the lifestyle that they thought they could get from Amway.. well this one is sweeter esp because there are no lies to sell. - I enjoyed living through moments as I wrote this bit for your blog.. Feel free to publish it.. Cheers!!
Hi Satish. Thanks for stopping by and sharing your story.
DeleteYou did something that Amway leaders pretty much forbid and that's keeping track of your expenses and figuring out how much money you made and then breaking it down by how much you make an hour. And by the way $15/hour for being in Amway is really high wages. Most Ambots lose money.
I always said for the few people who are actually making money in Amway that if they redirected their energy to a legitimate business they'd probably be very successful.
And you figured that out!
You're living a good life and you don't have to scam others to be where you're at. And best of all you don't have to put up with Amway losers while living the dream.
And here's another thing. Amway losers are going on about how they're retiring next year at age 21 but no one in Amway can afford to retire. They have to keep scamming new prospects to join Amway to fill the spots of the ones who quit when they realized they got scammed and aren't making money. Old Amway cult leaders are working at being scammers as hard as ever. The real freedom I suspect as you've discovered is you work on your own terms and don't have to worry about finances. I mean people like Oprah, Jeff Bezos and Bill Gates could retire right now and wouldn't have to worry about how they're going to pay their bills for the rest of their life. Their work is their passion and they work on their own terms. That's freedom!
Amway Ambots are controlled by their upline. They have no freedom.