Monthly Archives: September 2017

ARway was required to disclose “average” incomes

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Which they did with their SA4400 for years. This was the smoke ‘n mirrors document that admitted that the average “active” distributor earned $88/month (later reduced to $65. . .). However, you had to read carefully to find out how “active ” was defined. . . then you had to read even more carefully to see that they tried to make it look like a lot of people went Direct (Platinum) when the reality is about 0.88%. . .

After QQixtar started, they got FTC permission to distribute the earnings information through media other than the printed SA4400. But the FTC does NOT write the material for them, nor does the FTC “approve” it as many people seem to think. They simply require that accurate disclosures be made.

And the SA4400, while it may have been accurate, was extraordinarily misleading.

I’ve always had a job ever since i was a teen :)

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It’s funny how ar-bots look down on the average joe. I can tell you right now that i’m saving alot more money than when i was involved with ARway. I don’t care what these distributors say about working for a living. I can tell you that i probably sock away more money and can retire faster working for a living..than with any get rich quick mlm-scheme.

Charles won’t do the analysis

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He will collect the data and bring it to his RVP’s office. The RVP will run the data through a “one product fits all” computer program, and come back with suggestions. His suggestions may be dependent on what licenses he holds.

“He is coming over tonight, and I want to be armed with ammunition. What can I expect?”

Expect hype and more hype. He will try to recruit you either tonight or when he comes back with your computer analysis. He may try to discourage you in your job.

“What will he talk about or say? Will he ask for all our assets and debts?”

He’ll talk about Citigroup and try to imply that because Primerica is part of it, that somehow makes it a trustworthy company.
He talk about how banks are ripping people off, but forget to mention that Citibank has some of the highest fees in the country. He’ll talk about life insurance and try to get you to buy an expensive term policy or to cash in your cash value life policy, if you have one, and put the cash values in a mutual funds. The mutual funds carry either a 5% sales charge or decreasing 5 year deferred sales charge. He may try and sell you Pre-Paid Legal insurance. He will also want you to consolidate your loans, if you have any.
Primerica uses CitiFinancial, which is a sub-prime lender.
Even if you qualify for prime rates, you may end up with a subprime loan.

“What is Primerica?”

It’s an marketing. It was started by A.L. Williams in 1977 and purchased by Primerica Corp. in 1990. They are distributors of financial services products. According to their official website, they are not financial planners or advisors or specialists. In fact, the analysis they will give you has disclaimers at the end which say, in effect, we are not advising you to go with this plan, interest rates may be higher, it may do more harm than good, etc.

“Any advice is very much appreciated.”

Is this person new to the company? If so, then he probably called and said something like “I just started a new business and want to get your opinion.” So, listen to the presentation, and then give him your opinion, and say thanks for coming.

If he is licensed and experienced and has been in it for some time, he will ask you rhetorical questions which only have one answer. These questions are very leading and will eventually lead to the question “Then why won’t you do this?” At that point you need to have some answers. I suggest you say “Because I’d like to research the company on my own.” At which point he will likely invite you to a meeting. The meetings are like Amway meetings, designed to get endorphins flowing so you will enter into a contract and part with $199. Just hold your ground. Tell him you’ll consider the meeting after you  o some research.