I had an Aunt that tried to get me into Amway back in the ’80s. I was on my way to YWAM in the Philippines at that time, so dodged that bullet.
Now a new friend, who is also an old friend is introducing me to some Finance Coaching. Is it a Ponzi Scheme, is it Multi-Level Marketing? We shall see.
I am going to share my experiences here, and at first blush, it sounds good enough to get our toes wet.
I hear you, “How much does ‘getting your toes wet’ cost?”
Here is the thing, I get access to people who have been doing this coaching and finance investing for decades, they have done it for big money with big financial houses, and they want to let me access it for $8.88 a month. But wait there’s more. At the end of two years, you get all those $8.88 a month subscriptions back, with interest. When I first heard that it raised alarm bells, why would anyone charge a subscription then give it back, every two years? They don’t want to make money from the subscriptions, but they do want a small barrier for entry, and the $8.88 is going to make me follow through! I have often seen that when I help someone for free, they do not value my help.
I had my first zoom call yesterday. I got to talk with one of the coaches,(and did all sorts of internet searches on him as we talked) and grilled him for two hours. I am not a very trusting person. He also asked me some pretty good questions. The outcome is that both Chris and I are paying $8.88 a month. Their methodology sounds firm, it’s transparent, so far, and has no get-rich-quick quantum to it, no 1000% increase in a year bull shit.
Helping to make families prosper is one of their goals, and is why the coaches are doing this for no pay, no commissions, as they would appear to be already making their money the same way they are seeking to equip Chris and me.
Here is my question, why do Banks make Billions using our money, but only pay us 1%?
We know that putting money to work is the smart way to grow your own pie, but why is it that I seem to be the only one sweating and not my money?
In the coming weeks, I’ll post more here.