Is WFG a pyramid scheme, a cult, or a legit business? (poor, investment)

[eel8ball]

Originally Posted by vpcats

I started reading a few of these posts because the thread title caught my eye.

I will not get into details or try to figure out any financial formulas but I will tell you that I know almost first hand, unfortunately, what these WFG, Amway, Quixtar things are like. If you know ANYBODY that is part of any of it or MAY get pulled into any of it, do your very, very, darnest best to split their brains open and sink some sense into it.

These "business" opportunities, or shall we say "opportunists" are a sad, sad, case.

Talk about cult-type brainwashing. I think I would rather be a communist than a member of any of these "independent business owner" ventures. Unfortunately, they prey and suck in your typical, easily impressed "yuppy".

The founding fathers are the only ones who get to sit and watch their bank accounts and investments flourish, while the flock is alienated from any one who doesn't think and live by the cult teachings. Members go bankrupt, lose their jobs, homes and minds.

The worst part is that they STILL believe that Diamond WILL be theirs too.

You know what this is they type of thinking that separates the rich from the rest. I don't even have to ask if you are a broke employee. The funny thing is when you do your research you will see that WFG has been around less than 15 years and is quickly taking over the financial services market. Is this coincidence or is the company accomplishing it's mission? When you start to cater to the masses and you really have peoples best interests at heart you have no choice but to grow. Whether or not you take the opportunity or help yourself with your own finances life will go on. You will remain skeptical and broke the company will continue to flourish and people will continue to be helped. Oh and just so you know the difference between between WFG and all the other companies that you mentioned the it with is you cant make any money with the other companies unless you have hundreds of people under you because the margins are so tiny. You can make a six figure income by yourself in WFG because it's financial services and it's the highest paid industry in the world! People can only assume a persons intelligence at face value but when you open your mouth you confirm their assumptions.

[eel8ball]

Originally Posted by vpcats

I started reading a few of these posts because the thread title caught my eye.

I will not get into details or try to figure out any financial formulas but I will tell you that I know almost first hand, unfortunately, what these WFG, Amway, Quixtar things are like. If you know ANYBODY that is part of any of it or MAY get pulled into any of it, do your very, very, darnest best to split their brains open and sink some sense into it.

These "business" opportunities, or shall we say "opportunists" are a sad, sad, case.

Talk about cult-type brainwashing. I think I would rather be a communist than a member of any of these "independent business owner" ventures. Unfortunately, they prey and suck in your typical, easily impressed "yuppy".

The founding fathers are the only ones who get to sit and watch their bank accounts and investments flourish, while the flock is alienated from any one who doesn't think and live by the cult teachings. Members go bankrupt, lose their jobs, homes and minds.

The worst part is that they STILL believe that Diamond WILL be theirs too.

You know what this is they type of thinking that separates the rich from the rest. I don't even have to ask if you are a broke employee. The funny thing is when you do your research you will see that WFG has been around less than 15 years and is quickly taking over the financial services market. Is this coincidence or is the company accomplishing it's mission? When you start to cater to the masses and you really have peoples best interests at heart you have no choice but to grow. Whether or not you take the opportunity or help yourself with your own finances life will go on. You will remain skeptical and broke the company will continue to flourish and people will continue to be helped. Oh and just so you know the difference between between WFG and all the other companies that you mentioned is you cant make any money with the other companies unless you have hundreds of people under you because the margins are so tiny. You can make a six figure income by yourself in WFG because it's financial services and it's the highest paid industry in the world! People can only assume a persons intelligence at face value but when you open your mouth you confirm their assumptions.

[eel8ball]

Originally Posted by Mathguy

WFGTommy, I will ask you for a 3rd time what you meant when you claimed your sister was up to 250k in 4 years time.

At this point, since you've apparently avoided the question intentionally....I can only assume that you were exaggerating and that 250k was her gross sales and she made maybe 40-50k after expenses etc. (or less)

Not bad, but as others here have described....not exactly "free piles of money" either.

no expenses or etc man. everything is done on 1099. 250k in four years in financial services with overrides and residual income is really not that exciting to tell you the truth.

[eel8ball]

Originally Posted by TimtheGuy

What I don't understand is if one wants to get into the financial sales industry why would you not go to work for a real company instead of some MLM deal?

I suppose it has to do with actually having to interview and have the skills to get hired as opposed to "we will take anyone with $200 and a dream". ??

And what exactly do you consider a REAL company smart guy? You seem to find pleasure in commenting on any body's comment who says something positive about the company. Do you even know how corporate America works? What is a real company lets see.....racism,sexism,glass ceiling. Most importantly no matter how hard you work it's always for someone else. The company is not for everyone buddy. Plus skills can be developed but you cant train someone to have ambition and fire in their belly. Oh but wait a minute you can! Non of these regular or real jobs concentrate on making their employees better, more confident or worthy of being millionaires. You have to earn success and wealth. You don't go to a company like WFG and become rich until you are ready for it. Actually REAL jobs are known for for draining the life and natural energy out of people. This country was founded on dreams. Martin Luther King had a dream. I am living the American dream. Maybe you need to change you negative way of thinking!

[vpcats]

Originally Posted by eel8ball

You know what this is they type of thinking that separates the rich from the rest. I don't even have to ask if you are a broke employee. The funny thing is when you do your research you will see that WFG has been around less than 15 years and is quickly taking over the financial services market. Is this coincidence or is the company accomplishing it's mission? When you start to cater to the masses and you really have peoples best interests at heart you have no choice but to grow. Whether or not you take the opportunity or help yourself with your own finances life will go on. You will remain skeptical and broke the company will continue to flourish and people will continue to be helped. Oh and just so you know the difference between between WFG and all the other companies that you mentioned is you cant make any money with the other companies unless you have hundreds of people under you because the margins are so tiny. You can make a six figure income by yourself in WFG because it's financial services and it's the highest paid industry in the world! People can only assume a persons intelligence at face value but when you open your mouth you confirm their assumptions.

I won't get insulted by your post above because I can only feel sorry for you. Live and learn from your ambition. I do wish you tons of success, however, YOU want to define it.

Luckily I am not a broke employee. I make rather good money all on my own. I don't suffer from delusions like the ones these companies want to smother you with. I do have someone very, very close to me who believed the nonsense you so naively promote.

Again... good luck.

[Edtre47]

I will be attending a WFG meeting next wednesday and need to know what type of questions I should ask. I really like what they do but do not want to find out that it was all lip service. If any of you would please let me know what type of questions I should ask I would greatly appreciate it.

I see a lot of good and bad post here about WFG.

Edtre47

[Bourney]

Eel8ball, you have to be one of the stupidest people on the forum. Your illiteracy is appalling.
Ethnic minorities don't get ahead not because of racism, it's because of poor paternal upbringing

[Bourney]

Edtre47,

WFG is going to tell you that the Earth is flat.
They're gonna say 2 + 2 = 5
They're gonna say We're at war with Eurasia, we have always been at war with eurasia

[be1989]

I just wanted to say you don't know much about the financial business because MLM are illegal in the financial industry and they are always audit.

Originally Posted by WallStreetWarrior

Ya, that sucks for everyone. Unfortunately, there is a certain brainwashing component to the strategy of MLM companies like WFG, Amway, Quixtar...ewww..., etc. As for getting your friend back, it's going to be tough. I'm sure WFG has bombarded him with informational videos and inspirational cds to guaruntee his success. Well, the truth is that the people who make money are the ones selling the "success tools".

For example, Joe makes an MLM company. 10 people want in so they buy the tools, which practically tell you nothing, and they start there businesses. Joe makes 200 dollars off each of these shmucks, for a total of $2000. Joe then tells each of his pawns to recruit more members, telling them that the business is "expanding" and they need new hires. LOL. Moving on, each pawn recruits 10 guys, for a total of 100 new hires. 80 buy the tapes and videos, putting another $16,000 in Joe's pocket. 20 are in tune with reality and say, "no way that's a scam, I can make this business work without the tapes". Now, in actuality, it doesn't matter if you bought the tapes or not, these "businesses" do not work." What I've found in my research is that you get some sort of a high from having them which makes them hard to let go of. Think about it. When would you see a WFG commercial. Probably 4am after a long night of cigarretes and cold pizza. Perfect target for last resort, run out the bank account business ventures. These people love the feeling of "owning their own business" at first. Ya know, handing out business cards, using a Bluetooth device lol, etc. By the time they realize they are being scammed, it's a little too embarassing to come out. I mean, WFG even requires you to PAY $200 DOLLARS TO JOIN THE COMPANY, CLAIMING THE FEE IS FOR A BACKGROUND CHECK. Well, it's good to know that your friend isn't working with a group of criminals. Well, maybe they're just white-collar criminals.

Bear with me here, I know I'm ranting.

It's like, one day the guy's wearing his Hickey Freeman suit walking down the street, scrolling though his contact list on his Blackberry, the next day he's putting on a Def Leppard t-shirt to go work a shift at TJ-Maxx. It's not exactly an easy transition for someone whose been exposed to the guarunteed success of these MLM companies. So they keep up the act, and keep hoping that it will work, looking for change in the sofa to afford the next month's edition of inspirational DVDs.

It's funny, becuase Aegon(owners of WFG), Quixtar, Amway, etc. are businesses, they release annual reports. They actually divulged the information that the average "independent business owner" made a whopping $1,400 dollars. Granted it was in the 4point Times New Roman font at the waaaay bottom of the page, but oh, it was there. Now clearly, to regular Joes like you and I, $1400 a year is beyond our wildest dreams money. Or wait, no, it's about 15,000 under poverty. LOL. That's not good.

Anyway, I think I've said what needs to be said. As for your friend, I really don't know how to help you other than to try to hit him on the head with a blunt object, hoping that he won't remember anything about WFG when he regains consciousness. Maybe have him watch the Dateline episode on Quixtar. It can be found on YouTube.

On the bright side, if you make $1400 your first year, you could liquidate any remaining bank accounts and possibly lease a Rolls Royce like the one in the WFG commercials for, well, about a month.

Matthew

[dreamofmonterey]

[quote=Sgoldie;1135981]

Originally Posted by WallStreetWarrior

Aegon(owners of WFG), Quixtar, Amway, etc. are businesses, they release annual reports. They actually divulged the information that the average "independent business owner" made a whopping $1,400 dollars. Granted it was in the 4point Times New Roman font at the waaaay bottom of the page, but oh, it was there.

I pointed out exactly the same thing to a friend who had other successful businesses and had gotten involved in an MLM, and I had a hard time convincing him. The annual report also showed the company was buying expensive real estate, signing it over to the founders who were in turn renting it back to the company for outrageous sums. He was obligated to buy so much a month too. It's like the lottery, they prey on people's hopes.

Your last sentence tells it all. Reminds me of Amway- My fiance 10 years ago brought me to a meeting. Everyone was talking about vacations and land they were going to buy- In S. Florida Beverly Sassoon ran a MLM scheme- she is now in federal court for securities fraud.

Like my great Aunt always said if it sounds too good to be true, it probably is. She became a millionaire by investing on her own, and NEVER invested in these scams.