| Subject: Re: Primerica SCAM! |
Author:
Cliff Degner
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Date Posted: 12:53:55 03/05/07 Mon
Author Host/IP: 63.164.145.85
In reply to:
Scam
's message, "Primerica SCAM!" on 09:24:23 05/25/04 Tue
This one goes out to all my Primerica brothers and sisters out there reading my posts. This "ultimate objection counter" dawned on me on my way back from seeing my boys.
There have been issues in the past about our company being called a scam and a pyramid scheme. Well, I’m about to share with you one that upon recollection, I feel is just as dangerous. Are you ready?
I will swear on a stack of Bibles and a Koran that this is all true. In 1989, I was still a stupid Senior in High School and met with someone that asked me to look over some tiles and pick some things that were important to me. After I listened to what he had to say, I knew in my heart that I was going for the right opportunity and I signed up to join it. He told me I would get a first class education equivalent to college as well as training and experience on a full time basis (which was one of the smarter things I've ever done).
Sound too good to be true so far?
This opportunity also offered a chance to earn a promotion. All I had to do was talk to my family and friends, and if one person joined, I would get a promotion. If 3 or more people signed up under me, I would get double promoted.
I suppose you're asking, "Cliff. Was it Amway? A.L. Williams? Noni juice or whatever other network marketing/ MLM scheme there was at that time?" I wish I could say "Yes" to one of those, but it wasn't. Hold on to your hats folks when I tell you it was:
The United States Marine Corps.
My [military] recruiter asked me to go out into my warm market of family and friends and talk to them about joining up. If I sold, (SOLD!!) any of them on an opportunity for good training and experience, travel and free money for college and one person signed up, I would earn a promotion to PFC (Private First Class) right after boot camp. If I got 3 people or more signed up, I would get promoted to Lance Corporal, that's TWO promotions after boot camp.
You all read that right, but if not then it bears repeating: I was ASKED BY MY MARINE CORPS RECRUITER to talk to my family and friends and if they signed up, I could get promoted. Any of this sound somewhat familiar? Recruit someone and get them to join and I would get a promotion?
So, if you're approached with an offer to join the military by someone that just signed up, you should run for the hills immediately because it's a pyramid.
A question posed by my Financial planner friend was “Would you trust someone with your finances that does it on a part time basis to earn extra money on the side?”
Well, OK you shouldn’t. (GASP!) "Cliff, What are you saying?" Hold on and lemme explain. I'm saying you shouldn't. Just like you should never trust your freedom to good men and women that you take for granted to defend it every other weekend and 2 weeks out of the year in the military reserves. Part time “Weekend Warriors” that get the same training I got as an active duty full-time Marine, whom by the way not only do it for the training and experience but also earn a little extra money on the side.
Yes folks, by the same standard I, as a former active duty/ full time Marine *should* feel the reserves are not "real military" and consider them the "PUNCH LINE" of the armed forces. I wrote *should* but don't. I wonder if the Pentagon shuns them like Smith Barney/ Legg Mason supposedly does us.
With what I just shared above, the USMC should not only be blacklisted on www.ripoffreport.com, but I should start a website of my own called www.USMCbusters.com where myself and others can post nasty things about recruiters out there that practice subtle deceptions themselves; like promised sign-on bonus money and/ or promotions that brand new fresh out of boot camp Marines thought they earned but didn't get, guaranteed duty stations close to home but wound up half-way around the world in Okinawa, Japan, promised specialty MOS’s (jobs) and found out they’re a “grunt” infantryman or a cook to name just a few of the ones I’ve heard about, ALL in an effort to make their monthly quota.
Yes, folks, The Few and The Proud Marines should be listed among the dirtiest of players in the network marketing game that practice deceptive recruiting techniques at times.
But Primerica is a scam.
Now, in my Marine Corps career of (almost) 9 years, I’ve met average Marines, good Marines, Great, awesome, stellar Marines and Marines that were just total sh*tbirds. In Primerica as in every company and opportunity out there, you’ll have the same and I’ll testify to that because I see at least one of them on a daily basis in my bathroom mirror.
I earned all my [military] promotions and if I remember right, I could earn 100 additional points towards my cutting score if I recruited someone. Again, The Marines were the first to tell me "go recruit someone, earn a promotion." After a while, my career got rather stagnant as far as promotions go. I didn't like the politicking that went on plus the only way I could get promoted to Staff Sergeant was if I bided my time and hoped that someone up the ladder in my job field quit, died or retired. So, the Marines are a blend of both network marketing and corporate structure, in my opinion anyway.
Oh,,,here's something else for you. The telecommunication company I work for during the graveyard shift had an awesome year thanks in part to our great efforts. So good in fact, they've rewarded us with a 2.38% pay raise! "Yippee!" right?
Inflation's over 3%, folks. We helped them make more money and buy other telecomm companies, and they're still paying us less to do it.
But Primerica is the scam.
For those wondering about "estate taxes," well, I'm no tax expert, so I did some searching on line. Let's see what our friends at www.irs.gov say about them:
"Most relatively simple estates (cash, publicly traded securities, small amounts of other, easily valued assets and no special deductions or elections or jointly held property) with a total value under $1,000,000 and a date of death in 2002 or 2003 and $1,500,000 and a date of death in 2004 or 2005 do not require the filing of an estate tax return. To find out more, refer to Estate and Gift Tax Introduction.
Currently, the exclusion is under $2 Million for filing years 2006, 7 and 8. Most people shouldn't have to worry about them because of the difference between the gross estate and the taxable estate after deductions (funeral expenses taken from the estate, debt owed at time of death and the marital deduction - property that passes from one spouse to another). Middle income families should benefit from our total program, but DEFINITELY talk to your tax professional anyway, just to be safe.
This information was pulled from the web, (http://www.irs.gov/businesses/small/article/0,,id=98968,00.html) and ( http://www.irs.gov/businesses/small/article/0,,id=164871,00.html) and as we all know, everything written on the Internet is Gospel truth.
I wish to state for the record, that I AM a financial analyst, in the personal sense. You want to be a financial analyst for some corporation or for MSNBC, then by all means go get your degree. If you want to be a personal financial analyst, then pay your $199 and get your licenses.
Print this out. Share it with your up lines, down lines and sidelines. Tell them all that the military is just as dangerous as Primerica. Read it to those in your opportunity meetings that feel Primerica is a pyramid scheme or a scam or are otherwise hesitant on talking to their family and friends about an opportunity. Look me up on GoSolo and I'll email this to you. Put this on every “Primerica slam” website that there is, and let’s all get to work and change the world.
See you at the top.
Cliff Degner
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