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I don’t want to get rich quick. I’ll just do it the old fashioned way;

By
Real Estate Broker/Owner with Richard Weisser Realty

Getting rich quick is often attempted and rarely achievedI was contacted by a friend who was very excited about a new multi-level marketing scheme. He wanted me to get on board so that we could both get rich quick AND have residual income forever.

And while all of these enterprises seem very legitimate, they all depend on mathematics that just doesn’t add up. It is really very simple. For every dollar earned, someone else has to pay a dollar.

The numerical certainty is that that most net payers are on the bottom levels while the few net gainers are at the highest levels. And there’s no way around the numbers.

And so I told my friend that I’ll pass on the opportunity. I wished him well, and told him that I hope that I am wrong and that he will become very rich with his new endeavor.

I really do. And I’ll make my money the old fashioned way.

I’ll earn it!

Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Richard.....no one gets rich quickly.....it takes time, thought and a lot of energy to make significant income.....but most importantly it takes dedication to the important tasks that apply to your profession....

Jul 30, 2010 01:50 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

If you ever watch Penn & Teller's show Bulls*&% then you have to catch the episode on Multi-Level Marketing Schemes.  You'd love it.  Then next time a friend wants you to join them in such a business, point them to the episode.  It says it all.

Jul 30, 2010 02:02 PM
Marney Kirk
Cummings & Co. Realtors - Towson, MD
Towson, Maryland Real Estate

Richard, pyramid schemes never work for those not at the top level. If it's not a win-win, then don't do it. Good for you. I love your integrity!

Jul 30, 2010 02:08 PM
Cameron Wilson
Labrum Real Estate - Murrieta, CA
The Short Guy - Murrieta,Temecula,Menifee Californ

In a bad economy these things spread like wildfire with people spending money they can't afford to spend to get going and making nothing in most instances. People who start them make all the dough.

Jul 30, 2010 02:08 PM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Richard.....I was told by some guys in dark jackets that I am not allowed to print money anymore!  So, I will have to do it your way!

Jul 30, 2010 02:29 PM
Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Dagny...

We are seeing more and more of them. Thanks so much.

Misty...

Thanks.

Paige...

As a matter of fact ... it was ...NOT! lol and thanks/

Dorie...

I'm just not going to do it. Thanks.

Barbara...

And ANYONE can do it if they put their mind to it! THX

Jul 30, 2010 02:45 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

People are still getting sucked in by these MLM schemes?  You would think that Bernie Madoff would have quashed those urges.

Jul 30, 2010 02:48 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Unless of course you buy the right scratch off huh? LOL

I'm in total agreement.  I hate those skeems.  I've turned down several "business opportunities", and am every day happy that I earn a living doing something I love.

Jul 30, 2010 02:51 PM
Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Chris Ann...

I haven't seen it bit I'll look it up. Thanks/

Marney...

And yet so many people join based on hope. THX.

Cameron...

It's a sad reality, but desperate people will try anything! Thanks for the comment.

Michael...

And they don't care one bit THX.

Bill...

I know that they still frown on that. Thanks so much.

 

Jul 30, 2010 03:10 PM
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

Like my rental property Richard it's a get rich slowly plan.  I have seen these things come and go over the years and I am sure they will be around forever.

Jul 30, 2010 03:57 PM
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Oh I just hate hate hate when someone approaches me for one of these schemes. Why do people buy into them? I guess it just sounds sooo good. I avoided someone I know and like very much for years because of this type of crap.

Jul 30, 2010 04:18 PM
Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Great approach. . .making FAST money is attractive to so many people and I also see my friends and family fall down like dominoes after just a few days in their schemes. . expensive lesson for some of them.

My standard response

I'm sure this may be the opportunity of a lifetime for you . . well, for me is real estate and it needs 100% of my focus to make it work.. . my free time?is for my family. .thanks, but I'll pass. .

Jul 30, 2010 10:49 PM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Richard, they are in high gear in RI & i've been approached twice in the past 3 months to get on board, they're earning great residuals & money just flows to you...they were both realtors & one has filed for bankruptcy i found out...so much for his past mlm's!

Jul 30, 2010 11:39 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I like to think of a lot of these as get poor quick schemes.  Very few really do anything with these types of marketing.

Jul 31, 2010 12:25 AM
Kathryn Maguire
GreatNorfolkHomes.com (757) 560-0881 - Chesapeake, VA
Serving Chesapeake, Norfolk, VA Beach

The key is if you make your money primarily by recruiting others rather than selling or providing something of value, it is a ponzi scheme and will collapse.  When times are tough, these guys really do come out of the woodwork to take advantage of desperate people.  Very sad.

Jul 31, 2010 12:30 AM
Claudette Millette
The Buyers' Counsel - Ashland, MA
Buyer, Broker - Metrowest Mass

Richard:

The proliferation of MLM schemes is really a sign of the times, isn't it? Some people are becoming so desperate to make more money that they will try anything. When I am approached by someone to join one of these it makes me a bit concerned about that person and their well-being since those things often end badly.

 

Jul 31, 2010 12:38 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

I have tried the MLM thing a couple of times...lost my butt! I am with you - I will earn it! But I will accept donations, contributions and a winning lottery ticket!

Jul 31, 2010 02:48 AM
Lisa Stafford
Broken Arrow, Tulsa, McGraw Realtors - Broken Arrow, OK
Broken Arrow OK Homes For Sale

Richard, It seems that the old ones some back around and new ones are created every day.  I hate to see people, friends, who use their last dollar and have such hope.

Jul 31, 2010 03:08 AM
Lisa Stafford
Broken Arrow, Tulsa, McGraw Realtors - Broken Arrow, OK
Broken Arrow OK Homes For Sale

Richard, It seems that the old ones some back around and new ones are created every day.  I hate to see people, friends, who use their last dollar and have such hope.

Jul 31, 2010 03:08 AM
Heather Oberhau
Prudential Fox & Roach - Newtown, PA
Bucks County Real Estate, e-PRO

Isn't it all about risk/reward?  I have friends that are always excited about a huge opportunity, and it seems like all they can see is the reward, but none of the huge amount of risk involved.  If they win big, I'm happy for them.  If they lose big, I don't pity them.  

 

Jul 31, 2010 04:07 AM