Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to General Discussion

Another Warning About Multi-Level Marketing Companies

Sunday, July 8, 2012 - 9:10 AM
If you are considering going back to work to make up for smaller returns from your savings, beware of anyone encouraging you to consider multi-level marketing (MLM) companies. This blog post at the Lazy Man And Money has a useful warning about MLM companies. His focus has been on MonaVie, but as is common with MLM companies, MonaVie is being replaced with newer ones:
Some people wonder why I'm so against MLM companies and why I spend my trying to educate people to stay away from them. It's not just the bad business opportunities. It's not just the terrible products like $45 fruit juice and $40 milk thistle, green tea, turmeric pills. It's that these companies can't compete without preying on people's desire for financial freedom, brainwashing them (see the St. Louis experience), and applying cult tactics of information control all to make a dollar at the expense of millions of distributors who often out of work and desperate... the people who can least afford that dollar.

Read more
4
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,699
Reply