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Thursday, August 12, 2021

"Millionaire" Mentality?

 An anonymous site visitor recently submitted the following comment:

"Amway is one of my favourite companies. To be honest, I'm baffled as to why so many people are so nasty about it. Despite the fact that I do not harm or steal from anyone, I make money. I haven't yet achieved the status of millionaire, but I am striving towards it. It's referred to as "millionaire mentality." Joecool, you will never be successful if you think in terms of pennies."

Joecool's take on the situation:

According to my research, the majority of diamonds do not have a millionaire mentality. It appears to me that people who could win the Powerball lottery and still be broke are spending their money in extravagant ways and flaunting their excessive wealth. It is possible that they earn a good salary (even if it is earned through deception and lying), but they spend all of it, and probably even more, by displaying the diamond lifestyle. Despite the fact that functions like "dream night" showcase a diamond lifestyle, I do not believe that it is a sustainable way of living. We are now witnessing evidence of this, such as a triple diamond in bankruptcy proceedings a few years ago, gems losing their homes to foreclosures, and other similar cases. Diamonds are selling their palaces, and we are witnessing this. Sure, they may be downsizing or liquidating their assets, but if these residences were purchased with cash, as they claim, why would they want to sell them instead of living in them and taking advantage of them? Is it possible that the mortgage was too expensive?

I've written a number of articles in the past about the qualities and traits of millionaires. Saving, investing, and living below your means are all mentioned in a number of these articles. The diamonds instruct their downline to live within their means, but diamonds then push their downline to go into debt in order to attend functions and purchase tools. Numerous rich individuals drive typical everyday automobiles and reside in the suburbs. Porsches and Jaguars aren't something you'll see very often there. And, just for the record, according to Amway, the average diamond income isn't all that impressive when you take into consideration company expenditures and taxes. So what is it about diamonds that makes them appear to be excessively wealthy?

It is my belief that diamonds are used to display excessive wealth since it is the only method to draw in recruits. Because the Amway opportunity has a high turnover rate, no one can properly "walk away" from their business and expect to continue to get payments for an extended period of time. In a couple of days or weeks, attrition would completely demolish your company. It is for this reason that I believe diamonds do not abandon their enterprises because they cannot afford to do so. Unless the firm is given continual attention, it will collapse as quickly as a batch of stale cookies.

Sadly, the vast majority of IBOs are just duped into believing that they are creating a billionaire mentality. A straightforward question for IBOs. How can you even know if your upline diamond is a multi-millionaire if you have no way of knowing? Wearing a good suit and displaying photographs of mansions and sports cars is something that anyone, even a broke guy, can do. What's more, how can you know if your upline diamond is still qualified as a diamond at this point in time? Except for the launching of new pins, Amway does not provide this information. Furthermore, as far as I am aware, diamond companies do not reveal their financial information. I have a strong suspicion that the diamond lifestyle is frequently accompanied by financial difficulties. What other way may someone conduct their lives in the manner in which they present themselves at functions? If you do the arithmetic and work backwards, you'll come up with a different picture from what the diamonds are portraying on the canvas.

Diamond's displays of excessive riches and luxury, in my opinion, reflect something, but it is not the millionaire mentality, as many people believe.

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