Missed rerunning this post around Easter when it makes sense
to talk about putting all your eggs in one basket! Oh what the hell. Any time
of year is good enough to poke fun at fucking Amway losers who think they’re
financial experts.
Now thats a saying I don’t recall hearing at any Amway meeting - not putting
all of your eggs in one basket. But most people have heard that phrase plenty
of times in their life from their parents, their teachers, their banker, etc.
The only time I remember that phrase being used was by our arrogant prick
sponsor who said when he’s recruiting prospects that he starts putting fear
into people about their job and how he hopes they don’t have all their eggs in
one basket because they’ll be finished.
Well what else do you expect from a fucking little bastard like him?
Captain Fuck Up doesn’t have eggs to put in ANY basket!
Diversify! A word that shall never be spoken at an Amway meeting because the
activities involved in diversifying take away time and dollars from the Amway
cult leaders efforts to earn an income doing the Amway pyramid scheme thing.
Instead the opposite is taught: put all your eggs in one basket. The one that
belongs to the Amway hen house!
Basically diversifying means investing in a variety of assets and spreading the
risk around in case one venture fails there are other assets on the go
that might turn out better. Before diversifying its a good idea to figure
out your own risk tolerance and how much money you can afford to lose should
things not work out so good.
In Amway, be prepared to “invest” at least $10,000 a year on Amway
products, attending functions, and buying tools.
If you’ve got a better use for that $10,000, I recommend that’s the road you
take! Why? Because you ain’t gonna make back your Amway “investment”! Thats
why! Amway is a scam! Same as any other scam with promises of big riches on a
small investment. Except that it turns out being a huge $$$ investment and no
money back or maybe a few bucks a month after spending $500 to $700 to make that
$10 or $15 commission check from Amway. Getting scammed like that turns ambots
into really nasty people.
Say someone has $150 kicking around in a savings account and an IBO is trying
to get them to “invest” in their own business as an Amway IBO. The person
doesn’t want to risk all their $150 in Amway and in this case is probably
ignorant of the hundreds of dollars on top of that each month to buy Amway
products and attend Amway functions because you don't find that out until after
you've been sucked into the lies. On the other hand that $150 is only getting
half a percent interest in the savings account. But that person might be
comfortable risking $100 of that $150 and buying 100 shares of a stock that’s
currently selling for $1 a share. The worst thing that can happen is the stock
takes a nosedive and they lose their $100 but not all is lost because they
still have $50 sitting in the bank’s savings account. Or the stock might take
off and at the end of the year is worth $25 a share.
When considering diversifying, a homeowner might decide to invest in a second
house using the equity in their main residence as a down payment and renting
out the other house - hopefully for a few bucks more than the mortgage. In
twenty years the mortgage will be paid off. At this point the owner has the
choice of continuing to rent the house and all the rental income is now profit
with some deductions for city taxes and general maintenance as the house gets
older and things like the roof and hot water tank need to be replaced. It now
becomes residual income, more than most IBO’s will ever see! Or else the house
can be sold and the equity is profit to the owner.
Some people who are incredibly talented and lucky make a living playing poker
or gambling, investing in the stock market, or flipping houses.
Whatever they’re doing they’ve found a way to diversify. Words that never
should be spoken at an Amway cult meeting! Probably because when people are
looking at their investments and figuring out which ones they should cut loose,
they start with whatever one is losing money.
Toss out Scamway! Losing money! Useless baggage!
Here’s a laugh. Our arrogant prick sponsor told us he’s always looking for ways
to diversify his income, talking about investments. This son of a bitch who can't
hold down a job, is always behind on his bills, is a renter always under the
threat of eviction, drives old beater cars, and never has any money. Diversify what
income! What disposable income does he have lying around? I think finding
ways to invest would be an impossibility for him. Its always nice to dream
though.
Oh wait. That’s what Amway’s all about. Dreams! Gotta suck in those cult
followers somehow!
Don’t be stupid! Get your eggs out of the Amway basket!
Anna, this is an important post of yours, because it touches upon something that all cults like Amway have in common. And that thing is the fear and loathing of any possibility of intellectual independence. No one will stay in a cult if he has a mind of his own, and Amway is afraid of that.
ReplyDeleteThe simple idea of an IBO having several possible sources of income is terrifying to Amway up-line. It means that the IBO has a real chance of becoming financially independent at some point. It also means that he will have to think and consider and decide on many subjects, using his own brain to figure out the risks and the odds of any financial proposition.
No person with that kind of intelligence and independence will stay very long in an MLM pyramid scheme, especially one like Amway, which is as brainless as depending on the weekly Lotto drawings to pay the bills. Only stupid "believers" stay in Amway, because they have nothing else going for them but hopes and dreams.
In fact, Amway up-line always urges IBOs to turn all they own and have saved into liquid cash, so that it will be immediately available for Amway products and fees and tools. If you own a piece of real estate, they'll scream "Sell it!" If you have heirlooms, they'll say "Put 'em on E-Bay!" If you have stocks or bonds, they'll say "Cash 'em in now!" They'll even insist that you sell your house and move into a cheap apartment.
If an IBO is dumb enough to follow all this bad advice, he will indeed have "all his eggs in one basket." And it will be a basket from which his up-line will profit immensely.
Hi Anonymous. Much of what I wrote is just common sense financial advice. The things I mentioned to add other streams of income as early on as possible. And then by retirement age there is income from different places or selling real estate that was a rental property and living off the profits. It's all about financial independence and cults like Amway hate that. Why do I need to work my ass off as a low paid commissioned sales rep for a pyramid scheme When I could take that $500 a month that I need to generate $10 commission and put it in an ETF that pays dividends. After one year I have $6,000 invested in that ETF that hopefully increased in value and also provides me with dividends and more than $10 monthly. Compared to ScAmway where I spent $6,000 + that I'll never see again and earned around $120 in commissions for the year.
DeleteOr say your neighbor got divorced and the wife left the cats with him. Neighbor says can you come over every day and clean the litter boxes cause I don't want to do it and I'll pay you $10 for each cleaning. How long does it take to clean a littler box? Less than 5 minutes so that's pretty good money. No expenses and $300 a month income for very little work.
Can you imagine what an Amway cult leader would say about that menial labor? You're a serious business builder and serious business builders don't clean litter boxes. And then you're like well I need that money to buy shitty overpriced Amway products every month to make my 100PV. And then the cult leader says you better buy at least 200PV every month as punishment for cleaning the litter boxes.
If you want financial independence - never take financial advice from an Amway loser!
One big thing that is visible in Amway assholes is their arrogance and sense of "status." They call themselves serious business owners, so of course they won't stoop to cleaning litter boxes. It's "too undignified" for them.
DeleteIn fact, real businessmen who are seriously dedicated to their businesses will do ANYTHING necessary to make the business work. I've seen owners of companies get their bodies dirty with grease and oil in the machine shop, if something has to be done. I've seen construction bosses sling cement into foundations if the work team is short-handed. Captains on fishing boats get themselves wet and grimy from helping to haul in full nets of fish. Restaurant owners will help in the kitchen if things get too hectic and busy.
In Amway, since everything is essentially make-believe, the only sign of status is being a big pin, or having a down-line, or being able to give orders to lowly IBOs. Your "business" is collecting fees and small percentages from the work of those beneath you, and telling them that they are not working hard enough. Since the actual sale of Amway products to the general public is a joke, the upper echelons of Amway is concerned only with paperwork and bonus checks. They don't have to get their hands dirty with anything else.
Amway is truly a fake business, with fake status symbols. It couldn't be anything else, since it is a business where practically no one in the general public wants the products the company offers.
Anonymous - yup refer to Amway losers as snotty snobby arrogant pricks playing pretend business owners.
DeleteAs you mentioned real business owners will jump in and help out the staff wherever needed. Good ones that is. I'm sure there are restaurant owners out there who might help out in the kitchen but would assign a staff member to scrub the toilets. And then there are others who will run in there to fix a toilet that is running over. Don't you just hate when the guy that let that happen just quietly walks away as if they have no knowledge that whatever was in the toilet is gushing out all over the floor.
An Amway loser thinks they're too good for menial jobs and they show up here and tell me I can wash their dishes for them because they're too lazy to do it themselves or too broke to afford a dishwasher.
Real business owners know they don't leave money on the table and are open to picking up side hustles to bring in extra cash. Amway losers not so much.