We attended a lot of Amway meetings, and one of the scare tactics the speakers used was, "Your social security will not be there when you retire." I'd say that was true of nearly every meeting we attended.
So, how do they know this? I have a strong feeling it will be. However, I believe that, as with any other guess, the speaker has a 50/50 chance of being correct in his or her prediction. I feel the same way!
Even though I believe that social security will be there for me when I retire, I have other investments and savings, and I hope that a combination of all of them will be sufficient to support me for the rest of my life when I do retire.
The majority of people will need to make decisions during their working years, and most will start some form of retirement savings plan in their twenties, with additional investments added to it over the years. For example, you could start saving for a down payment on a house while still in your twenties. If you buy a house in your 20s or 30s, you will have paid off your mortgage by your 50s or, at the very least, by the time you reach retirement age. Get rid of that mortgage payment, and a significant portion of your monthly expenses will be eliminated. Also, pay off any outstanding debts by the time you reach retirement age and avoid incurring any new debts, which will make your retirement years less stressful.
Those are the important points. The benefits of reaching retirement age debt-free and owning your own house are enormous. After all, who wants to be a tenant when they reach the age of retirement? That amounts to hundreds of dollars per month in rent payments to a landlord as a result of bad financial planning during your younger years.
My earlier piece indicated that the typical monthly expenses in Amway would be approximately $700. Whether this represents disposable money or if IBOs are using up their credit cards is still up in the air (the latter is more likely!). Instead of flushing that $700 down the toilet every month, it might be used to make a mortgage payment instead.
The purpose of our upline was to instil dread in people's hearts in order to scare fresh prospects into joining. For a group of cretins who laud the ideals of "don't say anything negative," they are the most negative individuals I've ever met in my entire life. Apocalyptic predictions about the future, including businesses closing down, a recession, people losing their jobs, social security not being available, and blah, blah, blah. Who has time to listen to the negative bile that is spewing forth from Amway meetings?
The speakers scare the IBOs into believing that social security will not be available when they retire, and that they will therefore need to find alternative sources of income. If IBOs have any other plans, their upline makes fun of them and knocks them down in the process. The "wisdom" of our upline bastards claims that Amway is the only option and that all it takes is a 2 to 5 year commitment of 10 to 15 hours per week to do the work to be able to live off residual income for the rest of one's life after that. Freedom!
Yes, that's correct. Instead of wasting your money on Amway and chasing after impossible dreams, there are better alternatives.
Make sure you don't think negatively like our upline. Consider the positive. When you reach retirement age, Social Security will be there for you. (I have a 50 percent probability of being correct with that prediction!)
Don't bother about social security. With any luck, Amway will no longer be in business when I retire! Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha I have a 50 percent chance of getting that prediction correct as well!
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