pyramid schemers: the itch in our society
if you have ever been approached by someone who presents a great business deal and explains the greatness of the idea and how people are making so much money by sitting on their couch and guarantee you can make a lot of money too, smile and tell them goodbye. maybe you're in. you've found your fast track to financial freedom. if so, this isn't for you.
i was doing my french homework this morning at starbucks in the 80 degrees sun when a conversating behind me caught my ear. "it costs approximately $1.4m to start a mcdonalds [franchise - not the business itself, she forgot to add] which is out of most of our hands. our company uses the same tactics, but for much less money. you can start earning your passive income and letting your money work for you. we take steps out of wholesaling and retailing processes and let you benefit from it" (admitedly, the quote is not verbatim, but believe me, it's the exact concept).
i could go on about the sweet business lingo and catchy numbers that the girl presented, but that is enough to make my point. i agree, you may be able to have "your" money work for you, but how many times that is your money working for them? the more you do for yourself, the more (times 2 or 3 or 4) you're doing for them, that is the schemers. the passive income part is true, but i would venture to say she wouldn't even know tax rules differentiating the two. giving it the benefit of the doubt, it is more tax advantageous to have passive income rather than earned income. however, the idea of their great business opportunities, aka pyramid schemes, is capitalizing on peoples' business ignorance. i forgot to mention, the girl made it a point that all of the poeple she works with are christians. that's great! any doubt of ethics is vanished because they're all christians (anyone who remotely knows me knows that sarcasm is an often-sought tool of mine). right.
i would love, if i had time for such tom-foolery, to sit down and talk with one and aftewards say, "thanks for the idea, i think i'll go do it on my own. for my conscience sake, i won't scheme anyone or have them sign ignorantly, but i'll take the concepts learned and apply them to myself." it would hardly be worth it though. they'll just go onto the next business ignorant person and sell them their "ground-breaking new idea that is a secret." that reminds me, if anyone tells you a business "secret" in that sense, run and don't look back. they want your money. they want your money now.
i was doing my french homework this morning at starbucks in the 80 degrees sun when a conversating behind me caught my ear. "it costs approximately $1.4m to start a mcdonalds [franchise - not the business itself, she forgot to add] which is out of most of our hands. our company uses the same tactics, but for much less money. you can start earning your passive income and letting your money work for you. we take steps out of wholesaling and retailing processes and let you benefit from it" (admitedly, the quote is not verbatim, but believe me, it's the exact concept).
i could go on about the sweet business lingo and catchy numbers that the girl presented, but that is enough to make my point. i agree, you may be able to have "your" money work for you, but how many times that is your money working for them? the more you do for yourself, the more (times 2 or 3 or 4) you're doing for them, that is the schemers. the passive income part is true, but i would venture to say she wouldn't even know tax rules differentiating the two. giving it the benefit of the doubt, it is more tax advantageous to have passive income rather than earned income. however, the idea of their great business opportunities, aka pyramid schemes, is capitalizing on peoples' business ignorance. i forgot to mention, the girl made it a point that all of the poeple she works with are christians. that's great! any doubt of ethics is vanished because they're all christians (anyone who remotely knows me knows that sarcasm is an often-sought tool of mine). right.
i would love, if i had time for such tom-foolery, to sit down and talk with one and aftewards say, "thanks for the idea, i think i'll go do it on my own. for my conscience sake, i won't scheme anyone or have them sign ignorantly, but i'll take the concepts learned and apply them to myself." it would hardly be worth it though. they'll just go onto the next business ignorant person and sell them their "ground-breaking new idea that is a secret." that reminds me, if anyone tells you a business "secret" in that sense, run and don't look back. they want your money. they want your money now.
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