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Wednesday, July 7, 2021

Get Out Of Debt?

 Debt is one thing that many Americans have an excessive amount of. Debt incurred by consumers, in particular. One of the things that upline used to preach was the importance of getting out of debt. Until you peel back the layers of insidious intentions of the upline who teach it, what appears to be good advice becomes a dangerous piece of advice. If the upline's only goal were to help people get out of debt, that would be fine, but that is not the case in this case.


When upline tells you to get out of debt, with the exception of buying tools and function tickets, this teaching falls apart completely. This is complete and utter nonsense. If a small Amway business is unable to generate sufficient profit to cover the cost of tools and function tickets, it is highly likely that the IBO should refrain from spending funds on tools and functions. Ultimately, the vast majority of independent business owners do not generate a net profit as a result of the use of these tools and functions.


Even though I was in attendance at a number of functions, I don't recall any real and practical business advice being imparted. As opposed to that, it was all about recruiting more potential IBOs and never ever giving up or quitting. That if you just keep going, you will eventually succeed is what I believe. It's impossible to imagine anything more far from the truth. In the majority of cases, IBOs are simply chasing their losses, much like a drunken gambler. The losses are continuing to mount and are becoming increasingly severe. It's comparable to continually purchasing more and more lottery tickets. If you don't give up and keep buying tickets, you're almost certain to win something at some point, though hitting the jackpot is highly unlikely to happen.


A common defence strategy for Amway is to swoop in and argue that the Amway business is not a game of chance, similar to that of the lottery. However, while this is true, the fact that the bottom-like results are comparable to those of a lottery makes for a very sad situation indeed. The vast majority of people are losers, and every once in a while, someone will strike it rich, much like finding a diamond in the rough. Furthermore, in either case. The success of the winner comes at the expense of the other competitors.


Amway leaders will almost certainly advise you to get out of debt because they want to ensure that any disposable income you have can be spent on tools and functions for your business. Alternatively, if you reduce your debt, you will have more income available to spend on tools and functions. We'll never know, but I'm curious as to how many diamonds are saddled with debt. It can be very expensive to live large and to flaunt one's financial success.

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