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.
The only "early retirement" in Amway happens when an Ambot sees that he is being ripped off, and decides to quit the racket.
ReplyDeleteClose to 99% of all Amway IBOs retire in this manner.
It's interesting to see that the people actually "retiring" due to Amway are a) still at the weekly meetings, b) still hustling at the malls trying to recruit the most naive 18 to 25 year olds, and c) tell people that they are "retired" but they are somehow working a regular job.
ReplyDeleteThat's what happened when a certain couple in URA / URAssociation / UR Association were being billed as a retired military couple only to shortly thereafter be overheard asking one another if they "have to work tomorrow". I mean, if you're retired, why do you have to work?
Don't buy the BS. If they are at the weekly recruiting "meetings", they are not retired in the first place. And if they are stuck up under the noses of High Pins who are crossline at every national function, then they are not retired. And if they try to justify going on every single trip with crossline "FrIeNdS iN lIfE" instead of traveling on their merits while ensuring they return back in time for the following week's ballroom recruiting "meeting", then they definitely aren't retired.
Anonymous - it's a good likelihood that Amway losers have the wrong idea what retirement is. If they still have to work a J.O.B. then they're not retired. They could be semi-retired and hold down a part time job because they want to keep active or need extra income. Most retired people have built up a savings and investment portfolio that pays monthly dividends or they draw down their savings in addition to social security or if they were lucky enough to find a job that pays a pension. And what do retired people do? They garden or are active in other hobbies. They volunteer. They travel. They're not doing anything to generate more income. Sometimes you retire from a job you've had and you do something else for income. We were hiking with a friend yesterday who "retired" a couple of years ago. He's got a million hobbies and activities he's involved in and travels a lot. But during the hike he was taking calls and texts from people who are having issues with technology. He charges $125/hour for this. So not really retired. He just chooses when he wants to work and for who. Amway losers don't have that luxury. They have to keep working for ScAmway and hope their downline buys Amway shit so they can make a few pennies commission.
Delete