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Sunday, August 15, 2021

2-5 Years To What?

 It is still being advertised as a 2-5 year plan to financial independence, which is something I heard about when I was an Amway Independent Business Owner (IBO). 2-5 years of hard effort in your spare time seems reasonable as a goal to strive for in the future. After all, anyone can put in an extra 12 hours a week for a couple of years if they know they would receive such a generous reward at the end of it. The unfortunate reality is that you are likely to experience 2-5 years of financial losses before you begin to see any progress toward financial independence.

A very pertinent question arose when Amway changed its name to Quixtar: exactly how many diamonds were created only through Quixtar, meaning that they signed up in 1999 when Quixtar was established and subsequently became diamonds within the claimed 2-5 years? As far as I'm aware, there were very few (if any) brand-new diamonds in the market. The new diamonds that were identified all appeared to have originated in nations other than the United States or Canada. Even now, my former LOS (WWDB) is bragging about "double eagle rubies," which is not a recognised milestone by Amway (as far as I am aware), and there is no guarantee that reaching such a level will result in an IBO becoming lucrative.

Even now, I don't see a steady stream of fresh diamonds emerging from Amway, which is disappointing. If the 2-5 year plan were to actually function, there would be a steady stream of fresh diamonds being discovered. On the contrary, my former LOS (now known as WWDB) actually has fewer diamonds currently than it did during my IBO days. And of those diamonds who have survived, some have had their homes foreclosed on, and it appears that at least a few of them have experienced financial troubles as a result. Makes me wonder what a diamond's financial situation is like in reality. I think that many of them are in debt, particularly if they are promoting the "diamond lifestyle," which, according to Amway, is unlikely to be sustainable on diamond revenue.

It is conceivable to obtain diamond in 2-5 years (several have done so), however millions of people have attempted to do so and been unsuccessful. When it comes to winning the lottery (if you have a ticket), your chances of winning are far greater than your chances of joining Amway and becoming a diamond. It is also improbable that those who join in the United States and Canada will achieve diamond status within the stated 2-5 years. The 2-5 year plan is not promoted by Amway, but rather by the leaders of the local sales organisations. I think it to be a fraud, and the numbers support my assertions. Rather to working full time, you are much more likely to benefit from working part time for two to five years while saving and investing for your future. If you don't, you'll wind up losing money on functions and standing orders over the next 2-5 years at the very least.

Take a look at the fruit on the tree, as many Amway executives will tell you. The trees in the United States and Canada are completely naked.

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