I've ALMOST joined this company "who wants to helppeople." This is my story on WFGI'm a 21 year old college student, working part time at arestaurant that makes decent money but not enough for me to use (includingpaying for college expenses). During a semester I met this guy who became studygroup partners. We studied together a few times and had various conversations. I remember of one of the earliest conversations I've had with him, he asked meabout my money issues and how am I on my income. I told him "it's alright, my job makes me decent money but it's not enough." I didn't think much ofthat at that time. I asked him about his job, and at that time he didn't saymuch of it. He works at an "office." Throughout the semester we woulddo lunch and stuff, and one day I just asked him to pay and I'll pay him later. He asked "why don't you have money?" I simply told him I'm out ofmoney for now and I'm waiting on my next pay check. His response "I couldhelp you save money and reach financial security." I was skeptical ofcourse. Replied with "suuuuure." (I'm pretty sure I was a target bythen). During finals week our classmates scrambled to set up timesto do study sessions. We all wrote down our work schedule. I asked him whattime you work? He said he work whenever he wants to. I'm baffled by suchresponse and became interested in what he works in. And there we go, he hookedme to an appointment at a tea place around town. However, when I ask him whatdoes he do he said "he helps people save money." He said he willbring his friend who introduced him into this job. He said his friend is a 23year old millionaire doing this work, owns 4 cars (all high class exotic sportscars) a huge house in Malibu, and a gigantic beach house. So I met him thatday, rolled into the parking in a yellow Ferrari F430. His friend greeted me with very high enthusiasm, and hugeamount of good vibes. They chatted for a while, lots of laughter, seems to bethe technique to lessen the tension of first meeting with a stranger. He beganasking me what I do. One of the questions he asked me is "What is yourgoal." Honestly, my goal is just to graduate, get a degree, and worryabout what happens later on. But I told him "none so far." I'mcurious to what he will respond to me with. During this whole time my classmateremained silent (he's learning how to recruit people without the help of asuperior). He began saying things such as I need to create a bigger goal. Byjoining this company it will change your life for the better. You will meetbetter people, make better friends who will suite you in your new lifestyle. You will make lots of money and at the same time help families reach financialsecurity (but at this time, they still haven't told me what they really do andsell). The speech he gave me made me felt very motivated (I'm usually the typeof person whose very skeptical on almost everything, yet this speech had 100%grabbed my senses, note that he's a very experienced person and is indeedmaking millions in this company). Then he said "Do you want to change, doyou want this opportunity?" I'm certain with this scripted speech almosteveryone will say yes. Then we made the deal; I will go to their orientation. However, when I went home, I didn't feel right about this whole business, I'mstarting to have doubts. But I told myself I will go to that meeting and see whathappens. After all I'm not paying anythingyet. That night when I arrived at one of their offices in Pomona, CA. Everyone there had lots of energy, chattering, and many laughter. I feltuncomfortable going in, feeling almost like joining a cult. (And there wastechno/trance music blasting in the lobby where everyone stood around to chat, giving me more doubt about the professionalism of this whole get-up). Myclassmate introduced me to several high status people. And note this - everyonetook turns greeting me. The person talking to me before would bring me toanother person FIRST INTRODUCING EACH OTHER BY NAME, then after the previousperson leaves, that new person I'm talking to would always first ask"whats your name?" and always followed by "where you from. "At this point I know that these people here are running off a script. It'sadding to me doubt even more. Afterwards, the guests are invited to this room to watch avideo, telling people about how this company is very reputable, working withmany financial companies etc etc, and how much assets this company owns andsuch. What this company can help families secure financial stability (heard itmany times now), and how we can make money by doing so. Three speakers came, the first one being the yellow Ferrari guy. He told us how Banks can make somuch more money than they pay you in interest if you put in a time deposit, andhow time deposits shouldn't be a reliable source of savings. He also went onsaying how much money we need to save by each age group for retirement. Concluding that this company will help you achieve enough money for retirement (not telling us how). The rest of the two speakers talked about how their lifehas changed so much (mainly how much money they're making in this company) sincejoining. After the speech, I sat there for about an hour waiting for aninterview. (at this time I was deciding on giving this company a try byjoining). When I was invited into the office for my interview, it was myclassmate and his friend in there. They encouraged me to join by using thesephrases very often. "Money, Compensation, Reaching your dreams, andCommission". During this short "interview" session, they havenot told me what they're products are but only termed it "financialservices." Also, they told me every person you recruit into your"team", you will get compensated right away. (My classmates trying tomake money off my money? I think so.) However, I'm ashamed to say his scriptedspeech is so overwhelming, I told them I'll join. Big energetic hand shake, cheering, and "Do you have $100 for the background check right now?"I was ready to pay, but at the same time felt something funny going on; asking me to pay right away before I even haveANY IDEA what they do. I played it smart and told them I have to wait for mypaycheck 4 days later. They said no problem, come back as soon as you have freetime, and we scheduled a follow up interview and to have my money ready by (6days later). I couldn't sleep well that night, and this whole thing kept comingup in my mind. I called some people I know to go grab a drink with me the nextday. One of the workers at the tea station I've become well acquainted to satdown with us right after he got off his shift. I talked to him about WFG andhow I'm going to join in a few days. He told me immediately "Don't do it, it's a pyramid scheme. I've been there 2 years ago and I still regret upon ittoday." My interest in the company immediately dropped. Apparently, theirso-called money saving technique is basically life insurance. They do not tellthe guests at the orientation the actual method of saving money is because lifeinsurance is not an easy product to sell, and may scare away some potentialrecruits. He worked for WFG for 1 year, made $0, lost over $2000 because he wasalmost forced to purchase life insurance for himself. He told me hisexperience. After several follow up interviews, they told him to list downeveryone you know, and everyone on your cell phone. Give them points based onwhat characteristic they have, and keep the people with the highest points andcall them for an orientation. He started losing friends whose scared of MLMs, and have never found one single person to make a sales. But his part in thecompany was done, do be recruited and have his recruited get compensated.inever went to the follow up interview and saved myself $100, and $400 for lessonfees/license fees. World Financial Group is mainly recruitment based. The $500paid to the company by new recruits are taken to make their own loans andinvestments, growing their profit. Every person gets compensated for recruiting (oncethey're out of trainee position), and that's the main goal for most people inthe company. My friend went to all the seminars, all the training, andwhy he still can't make money in WFG? We're all young people in our earlytwenties. All our friends are within our age group, and we're all in thelower-middle class status. Who can we sell life insurance to when we ourselvesare struggling with car insurance, school tuition, and many other expenses. Life insurance will not pay until upon reaching (age 65 I believe), or in theevent of death. How can we find clients like this? We don't, WFG wants alltypes of people to join the company, because they're making money by just havingpeople join. Also, you need to have 3 active recruits to remove the traineestatus, which will allow you to get compensated for future recruits. Hecouldn't get out of trainee status, because every person he talked to aboutthis "business" knew what he was up to (and that's a good thing). Hequit after a year, when all the people he knew started avoiding him. Being in asituation where he's already making very low income, he had to cancel his lifeinsurance, thus losing around $2000. Stay away from WFG unless you know people whose ready todish out several hundred dollars a month for life insurance, or cold heartedenough to make money off the people you know.
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