>>1074577 absolute shit. my cousin got sucked in to that. i tried so hard to convince him not to, but he did and dragged his wife into it with him. he embarrassed himself on facebook. tried to get involved in our family members financials. he wasted a few years, friends and family talk shit about him, and hes out about 35k.
the golden question i always asked was if it was so good, why didnt they have advertising like normal and small locations everywhere in strip malls. why did they have to approach people and meet them at starbucks. that was basically proof it was shit and could never get a straight answer to that one.
>TFW mom got suckered in and tried to get me to come to one of their cult meetings
I'm trying to talk her out of it but I'm worried she's going to waste unnecessary time/money on this bs ;-;
It does seem like bullshit from what I googled for a few minutes but the fact that they were together with citigroup seemed a little reassuring.
How do I convince my mom not to buy into this bs? I tried to go over how pyramid schemes work generally and that they'll try to sell her it with all this good wording and how these few guys made $300k/yr but then when you get down to it you're just pestering your family/friends/relatives and in the end making very very little and that the majority of people quit.
>Citigroup attempted to sell Primerica in 2008, having received several bids from life insurance companies and private equity firms interested in buying. At the time the market value of the company was estimated to be $7 billion, roughly 15 times its annual earnings and Citi was trying to match various bidders in groups that could bid for the unit together. Initially, a sale to JC Flowers & Co. LLC and Protective Life Corp was underway until the deal was canceled last minute for publicly undisclosed reasons.
>>1074601 >try to sell her it with all this good wording and how these few guys made $300k/yr This is literally in the training when they want you to bring more people on. >"Tell them whatever number is high enough to interest them but not high enough to be unbelievable." Word for word what they told me.
>>1074617 >ask her the question i kept asking my cousin and could never get a straight answer to.
She's going to like some retarded office of theirs though.
One of her friends talked her into it. She even tried to get me to come along lol.
fuck man I really hope she doesn't buy into this... I'm really worried because they're not doing too well financially right now and if she goes into this it would be a whole lot of trouble.
The thing is that I'm a lazy ass NEET who posts on 4chan and plays chess all day. Anything I try to tell my parents they tend to think I'm just making up or bullshitting even though I try to give amazing advice, although I understand I'm a retard so maybe people don't want to listen to me.
>>1074676 Just tell her that she should reconsider his choice, and point by point explain her why is it a waste of time. And that because you care about her you are trying to stop her from losing money and time. You have to tell her that way, because if you go like "Mom don't join that shit it's a scam" she won't even listen to you.
If you're actually worried about your parents "having a hard time" financially then get a job and contribute or better yet move out. I guarantee the money they're throwing away to keep a fucking loser beta weeb in their basement far outweighs what she'll waste on a pyramid scheme.
>>1074835 >If you're actually worried about your parents "having a hard time" financially then get a job and contribute or better yet move out. I guarantee the money they're throwing away to keep a fucking loser beta weeb in their basement far outweighs what she'll waste on a pyramid scheme.
Not disagreeing bro. I know I'm a worthless parasite with no motivation.
>>1074800 he devoted his life to it. even threw events at bars and shit and inviting everyone on fb. it was pretty extreme and took a couple years to realize what i was trying to tell him from day one.
>>1074577 I was actually contacted by a 'recruiter' or whatever about 3 years ago for this company. My friend was a cashier in a grocery store, he asked her if she wanted a job, and if she knew anyone looking for work. She gave him my number.
The recruiter and I chatted on the phone for about an hour. I told him I had a degree in Economics and he said it would help his company. He never gave me details, just sort of said "I need someone who is passionate, hard working, self motivated!" The only thing 'revealing' about the company he told me was that I would be certified to sell insurance. I asked the name of his company and he said "Primerica."
After I got off the phone I did a quick Google search and found out that yup, it was a pyramid scheme. I even made a thread on /pol/ (this was before /biz/ existed) asking their opinions on Primerica - they said it was a pyramid scheme and a few people shared their negative Primerica anecdotes.
You *can* make money doing these things - but you will make less than minimum wage. And the people who work in these companies are SO dedicated and passionate, they have invested so much time they have begun to identify with their job - they take great offense when you try to tell it's a pyramid scheme.
>>1075139 >You *can* make money doing these things - but you will make less than minimum wage. And the people who work in these companies are SO dedicated and passionate, they have invested so much time they have begun to identify with their job - they take great offense when you try to tell it's a pyramid scheme. fully agree with all this
>I REALLY hope my mom didn't give them my phone number and say I was interested...
If someone contacts you just say "not interested." They won't hound you if you aren't interested, it's no big deal.
When I spoke with a recruiter, it was all glam and show. He talked about being my own boss, making a six figure income, running a successful business, etc. But he never actually explained how or what. When I tried asking more specific questions, he said "Ultimately what I want is someone who is hard working, and eventually, will form a team of their own." Gee, you mean like, a pyramid? The recruiter wasn't "hiring" - he was recruiting! He was trying to get as many people as possible working for him so he could reap the passive referral income. He literally approached a stranger in a grocery store asking her if she wanted a job or had any friends who wanted one.
>>1075151 Here's what will happen: 1) Your mom will be "certified" to sell insurance. She will pay to take her own certification tests, I believe when I did my research it was $150. (First red flag - you get a job to make money, not spend money!) 2) Your mom will begin selling insurance hoping to get a cut of the commission. Because she's not experienced with sales, she will target friends/family she already knows. She'll create a Facebook page, message her friends, etc. 3) When she realizes her sales prospects are low, and Primerica hasn't provided her any sales leads, she will try and recruit people to make sales for her so she can earn the passive referral income. 4) Sooner or later she will realize she's made barely any money for all the hard work she's put in. She's made $2/hour for all the time she's invested. She will keep pushing on as long as the promise of a 6 figure salary looms around the corner. 5) Some billionaire at the top of the pyramid is laughing his way to the bank because people just like your mother give him free money every single day.
>>1075175 I can't tell if she's falling for the meme or not.
I asked her what the seminars are about and she just responds with "How to make money, how to make a team, etc". She keeps getting mad whenever I give her any advice though, even if I say it in the nicest way possible.
Whatever it's up to her I guess.
>If someone contacts you just say "not interested." They won't hound you if you aren't interested, it's no big deal.
I guess as long as it doesn't touch me I don't care anymore. I tried to warn her and talked with her for a while telling her it's a scam but whatever
>>1074600 My cousin dragged my Dad through the same shit (QNet in India), and their answer to that 'golden question' is that since they only advertise by word-of-mouth and avoid traditional retail investments, they can save a lot of money which can then be shared between the seller and the buyer alike.
I did Primerica for a year. It's an easy way for a life insurance license and how to figure out how the basics of investing works. It taught me how to be a better sales person with so so products. I only made $1000 gross and only $200 profit.
It's also good if you want to learn how cult like power works. It's very easy to get sucked in. It makes you feel like you're bigger than something and the younger women there are easy. I used charm and seduction to bring in very easy women that I had wrapped around my finger to join my team!
Sales is rough and takes alot of time to be good at it. They pretty much view people who make 6 figures or more as celebrities.
I believe people view it as there chance to leave the rat race. When you can put more effort into your own selfmade business and succeed alot faster without many of the restrictions
>Mom here's some studies and proof that X is true >No anon this is incorrect, I know because I heard it from someone/read it somewhere, all those studies were probably paid for by (person who could potentially benefit from X being popular)... But where I heard it from is definitely not a shill!
I gave up desu. >"Anon teach us how to invest our money correctly!" >Well mom it's a lot more complicated than that, I suggest you read ___, ____ and ____ >"Oh we don't have any time to read all that!"
>2 days later >"Anon did you know that the market is down so investing is foolish and you'll lose all your money? I heard it on the news!"
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