I recently came across an article that discussed what it means to be wealthy. Some claim that a $100,000 annual income would make them affluent, while others claim that assets in excess of $4 million would do the trick, and still others claim that $2 million would put them in the "rich" category. Of all, everything is relative, and someone earning $25,000 a year would consider someone earning $100,000 a year to be wealthy, or vice versa. Because many college students start off with little money, $40,000 a year may seem like a fantastic sum of money to them. I'm confident that someone with Bill Gates' financial resources would not think $4 million to be extraordinary. It's all a matter of perspective. If you are pleased with your current situation, you are most likely in a comfortable financial position.
But first and foremost, let us discuss Amway diamonds. I choose the term "diamond" because it represents the peak of achievement. It is the pinnacle achievement of the 6-4-2 plan (or various modifications) that numerous groups have demonstrated throughout the years. According to Amway, the average diamond is worth approximately $150,000. Now, $150,000 may not seem like a lot of money to young individuals, those who work in low-wage occupations, or those who are just starting out in their professional careers. However, we are aware that diamonds generate revenue from the sale of tools. Some groups advertise (verbally) that someone could earn $100,000 a year via the sale of tools and speaking engagements.
Take the generous assumption that the diamond generates $300,000 per year from Amway and tool sales. Income tax and medical insurance for the family will eat up approximately 40% of that straight away, leaving approximately $180,000 in remaining funds. You might think it's fantastic. Well, a diamond would almost likely reside in a million-dollar mansion, which would require a mortgage of approximately $6000 per month or $72,000 per year, leaving you with $108,000. (Despite the fact that many diamonds pay for their homes in cash) Fantastic, isn't it? As you would imagine, diamonds are always going to numerous functions, flying first class, and staying exclusively in five-star hotels. In this case, an average of one trip per month with a family in first class and a five-star hotel would cost approximately $5000 or more every trip, or approximately $60,000 per year, leaving $68,000 for the diamond's annual budget of $68,000. For example, a nice diamond with a family consumes 300 PV per month for domestic items, which is approximately $900 per month or approximately $11,000 per year, leaving $57,000 available for other expenses during the year. In many cases, a good diamond is a Christian who would faithfully tithe 10% of his income, or approximately $30,000 per year, leaving the diamond with $27,000 per year, or approximately $2250 per month, to pay for their monthly electric and utility bills, gas and car payments, meals and entertainment.
Yes, some expenses may be slightly higher or lower than average, but the point I'm trying to make is that even people with above average diamond with tools incomes are more likely to be broke than wealthy if they live the lifestyles that are portrayed at functions such as dream night or other major events. Make the calculations. Neither diamonds nor extravagant lives can be supported only by diamond revenue. It is also unlikely that diamonds can be used to pay for everything in cash. There is a great deal of evidence available. The foreclosure of diamonds' residences, diamonds' failure to pay income taxes, a prominent triple diamond being forced into bankruptcy, and many diamonds selling off their properties in a terrible real estate market are all examples of how diamonds are suffering.
I honestly believe that it is feasible for a large number of diamonds to be fractured. To live a life of extravagance while earning diamonds appears to be unsustainable on the basis of current diamond revenue. Some diamonds that have been in the market for a long time may be OK, but fresher gems are unlikely to be making as much money as they would have you believe.
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