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Cashflow (Rich Dad Poor Dad)

A pyramid scheme is without a product or service. Those were outlawed.

There is just as many bad companies stealing peoples money in normal business as there is in network marketing. Just to let you know. Most businesses fail...... The percentages for people failing in the first 5 years in a network marketing company compared to starting a small business is almost identical. Most people hate it because they couldn't do it. They didn't have the work ethic to handle pushing through for 3 years. Most people are trained for a job rather than getting paid for there effort.

Are there a lot of companies that are deceitful? ya there is in both industries. In my industry I can name you companies that have been around for years and they scam clients constantly than close down the doors than open up under a new name. If you think every company in network marketing is a scam than you haven't done enough research. Are a lot of them bad? either just bad management or lying? Yes but so is normal business. There is a good companies in the Industry and there are a small amount just like every industry. Its given a bad name because people can draw a triangle around the circles on a white board. But you can draw a triangle around Your boss and the 2 people beneath him. Except you can't get above your boss financially.

And I am defending this and I not even apart of a MLM company. Bash certain companies but to say the whole industry is crooked and you can't find a legit company is ignorant and a uneducated statement.
 
Think of it this way. If you wanted to take up Golf but you weren't sure would you talk to someone who failed and stopped playing or would you talk to someone who was successful and did it right?

People who were not successful at something will always say it doesn't work or it isn't fun etc etc.

I suck at golf so I bash on it also. I suck at Baseball so I make fun of it too. But the sports I am good at and I love to play and I promote. Business in general has very low percentage numbers of success. Whether its MLM or a small business or even a stock. I have been scammed in the small business industry and the guy stole 100,000 grand from our group but I don't go around saying small business and digital signage advertising is a scam.
 
LogGrad98 do you practice Krav Maga? Looks pretty cool. I love self defense but have never picked a certain self defense type yet.
 
Twin Towers

You are right that there are MLMs who do business in an ethical manner. You are also right that there are huge industrial concerns that do not. Well, like GoldmanSachs for example IMO, and of course more blatant ripoffs like junk bond flotation corporates. It is really sad to read the history of mining in the West in the last half of the nineteenth century, including the Comstock lode area, where Mark Twain ran his little newspaper and earned huge kickbacks from mine promoters/demoters who needed publicity to run stock prices up or down.
Or maybe the Rockefeller clan with their German industrial holdings during WWII profiting from running death camps, who had the effrontery to then spearhead the UN right after the war.

I know one corporation in Utah that with court complicity executed a bankruptcy and then bid on the company at auction, after apparently either executing or exploiting some very bad news about a billion-dollar lawsuit from the EPA to scare off other bidders. The Co shed $100M in bonds, mostly held by 401(k) "investors", and resumed operations without the debts as if nothing ever happened. . . .

OK, I can be hard on businesses for their ethics. All kinds of businesses.

I still like your CashFlow game because with a little enterprise a lot of us can manage to get some capital working for us. Have to make up for our declining wages somehow. . . .
 
LogGrad98 do you practice Krav Maga? Looks pretty cool. I love self defense but have never picked a certain self defense type yet.

Yeah I did pretty seriously for about 4 years then things got crazy in my life and I stopped for a couple years. Now I am in a new city and there is a great Krav instructor here so I started back up again. I got to get in shape. Krav hurts when you are not in shape. LOL
 
Twin Towers

You are right that there are MLMs who do business in an ethical manner. You are also right that there are huge industrial concerns that do not. Well, like GoldmanSachs for example IMO, and of course more blatant ripoffs like junk bond flotation corporates. It is really sad to read the history of mining in the West in the last half of the nineteenth century, including the Comstock lode area, where Mark Twain ran his little newspaper and earned huge kickbacks from mine promoters/demoters who needed publicity to run stock prices up or down.
Or maybe the Rockefeller clan with their German industrial holdings during WWII profiting from running death camps, who had the effrontery to then spearhead the UN right after the war.

I know one corporation in Utah that with court complicity executed a bankruptcy and then bid on the company at auction, after apparently either executing or exploiting some very bad news about a billion-dollar lawsuit from the EPA to scare off other bidders. The Co shed $100M in bonds, mostly held by 401(k) "investors", and resumed operations without the debts as if nothing ever happened. . . .

OK, I can be hard on businesses for their ethics. All kinds of businesses.

I still like your CashFlow game because with a little enterprise a lot of us can manage to get some capital working for us. Have to make up for our declining wages somehow. . . .

Agree with everything you said. Good points.
 
Yeah I did pretty seriously for about 4 years then things got crazy in my life and I stopped for a couple years. Now I am in a new city and there is a great Krav instructor here so I started back up again. I got to get in shape. Krav hurts when you are not in shape. LOL

I am always looking at self defense classes. Hand to hand combat and things like that. Once i find the time I wanna pick one but I am never sure which one is best. Which ever one is the most useful for real life situations rather than just a gimmick cool movements. Don't know enough about all of them to decide yet though.
 
Seriously? That book is pretty much an infomercial in book form. He doesn't get rich from his philosophy. He got rich from writing books about it and making scam programs. He is brilliant in that regard.

And I used to work for the company that booked Xango, MonaVie and a few other MLM's conventions and housing downtown. I hope that none of you ever get sucked into any MLM as badly as some people that I spoke to/met. I had a guy tell me that Xango cured his deafness. And lots of other similar stories. Not to mention they were all struggling so bad financially (lots of them quit their jobs when they first start it thinking they'll be rich, then they don't) that probably 25% of their credit cards would get declined for the $125~ registration fee for the convention.

Now my neighbor is doing it and I get flyers on my car once or twice a week. :facepalm:
 
I am always looking at self defense classes. Hand to hand combat and things like that. Once i find the time I wanna pick one but I am never sure which one is best. Which ever one is the most useful for real life situations rather than just a gimmick cool movements. Don't know enough about all of them to decide yet though.

Krav is designed to neutralize an attacked in the most efficient manner possible. It is taught to the Israeli special forces, taught in Mossad, and in many police groups around the world and in the US. It is about efficiency and conservation of energy. The focus is not to kill the other guy but in the quickest time possible, with the least motion and energy expended, to stop the attacker so he cannot continue his attack. And it can be quite brutal and requires serious focus to train. I know that many SWAT groups teach it to help with crowd control, as it lends itself to one person neutralizing several attackers.

Of course they help you develop the focus and discipline, and anyone who seriously wants to learn and get in shape can do it (I let myself go and weigh over 300 lbs. but I could get right into it). In fact most Krav centers and dojos won't even work with people under the age of 18 because of how serious and brutal it can be. My 14 year old son is pretty physically advanced but my current trainer won't allow him to train there until he matures some.

Anyway the links in my sig can get you more info or PM me. I have had an experience in real life with my training and if you are interested I can tell you about it in PM.
 
Nobody is going to give us a good Robert G. Allen rant? That guy is a MLM master with local roots. A piece of work.

I think Robert Kiyosaki has a couple of books that are worth reading, most notably the more recent ones. The whole seminar/workshop/program/monetizing thing is not my style though.

Come to think of it, I think I hate business marketing/advertising in general. People think Shibuya, Times Square, and those types of advertising meccas are so awesome. Those places are like hell to me.
 
Network marketing is great when there's an actual product that people want.

My main issue with the whole seminar industry is they charge five grand for information that is free. Get google, a library pass, quit being scared, and you'll learn the useful meat that a two weekend seminar can only skim over. The information can be good, but most aren't going to walk away from a real estate seminar truly understanding what they're jumping into. I guarantee there are going to be **** loads of RE "investors" sold on the idea in a $5000 cashflow seminar, who in another five years or so, will look back at the last ten and realize they've wasted their time for absolutely nothing.
 
I'm with you, this seems to be another of those things that's sort of unique to Utah or Mormons perhaps?

Remember the King of MLM, Rich DeVos who started Amway, lives in Florida and owns the Magic.
 
...so this Cashflow game, it's a game, right? is it played online or is it an actual board game? and will it cost me anything to play?
 
I'm still confused. How is cashflow the game related to MLM? I have read Rich Dad, Poor Dad and buying rental properties doesn't seem remotely close to MLM.
 
...so this Cashflow game, it's a game, right? is it played online or is it an actual board game? and will it cost me anything to play?

You can play both. Its free to play. But it takes like 2-3 hours to play maybe longer.

Online I am not sure though what the cost is. I have only played the board game.
 
I'm still confused. How is cashflow the game related to MLM? I have read Rich Dad, Poor Dad and buying rental properties doesn't seem remotely close to MLM.

The only similar thing is they both CAN produce residual income. As you might remember Kiyosaki saying 1 dollar of residual income is the same as working for 3 dollars. Because it gives you that free time.

Kiyosaki recommends MLM companies but also says find a good one. Not to just get into the first one that comes along like when your searching for a job. Its because he says it teaches you to become in the I and B quadrant (If you have read cashflow quadrant) for not much money at all. Teaches you the mindset and the skills for practically nothing. Just time. And its a lot easier than trying to find investors or coming up with enough cash to get into the "BIG DEALS" that get you out of the rat race.
 
Buying rental properties to flip?

No the whole point of Rich Dad/Poor Dad is you buy rental properties with a possitive cashflow. This way your renters pay your mortgage off or down and with inflation and a long term strategy you slowly build up an income and some very strong assets without much money invested by you. (your renters purchase the home for you). I personally have been purchasing rentals like this for the last 3 years. My philosophy is different from richdad in that I accelerate my repayment plan by investing the possitive cashflow money back towards what I owe. I will pay my first rental off in 4 years. At that time my $350 per month in possitive cashflow increases to $1,200 per month and I will have a fully paid off home that costs me nothing but taxes and insurance. Not that any of you care but at that time rather then using the money I will take the $1,200 per month and put it towards another rental I have. That way I will have the $750 per month the renters pay plus the $1,200 from my paid off home going towards the mortgage of just over $90,000 on my second rental. As you can imagin this will pay off the second rental very quickly. Then the 3rd rental is paid off even quicker because I have $1,200 per month from rental 1, $750 per month from rental 2, and $325 possitive cashflow from rental 3 all going towards the mortgage of rental 3. This rental is paid in full in like 4 years if my spread sheet is right.
 
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