andhrabullet Posted March 30 Report Share Posted March 30 Legit aa? frnd saying monthly getting 3k etc Quote Link to comment Share on other sites More sharing options...
Popular Post galiraju Posted March 30 Popular Post Report Share Posted March 30 3 minutes ago, andhrabullet said: Legit aa? frnd saying monthly getting 3k etc Mostly this is promoted by bunch of Idiot Indian GC holders within his/her close friends and families and there after trying to push them to get some more people into this network and wanted to repeat the same loop until it continues. Let me explain you how this money sucking business model works because I don't want people to get trapped with these Investments. 1) First they will invite you for meeting in some hall to promote as some business opportunity is available with very less investment and you can be entrepreneur for your dreams to achieve. 2) On the day of meeting in hall, in background a old video will be playing with HGI company event with showing happy people partying and receiving awards for their accomplishments, like something big achieved in their life. By this, they wanted to make curious and motivate for folks sitting on chairs like what is this great business opportunity that I am going to get here lol. 3) The meeting won't start on time as they will be waiting for their bakra friends until they come and keeps on calling to come as many won't turn up(lucky guys for those who missed to attend :D). 4) After watching the repeated loop background video of HGI, then the Super Leader comes to dias and start presenting the slides with some Financial Topics like a Wall Street thoughts with wearing well fitted suit. Mostly he will discuss on general topics like having emergency funds, investing for future, kids education plan, Insurance policies , general savings blah blah ... In middle they will say some big quotes referring to Warren Buffet Investments to get rich like him to make presentation interesting. 5) The presentation goes on with some slides and he continues to speak like financial products which they are going to discuss are too good to be true and they will say it very confidently lol. 6) There are slides which says like our invested products are protected and our money is locked when the market is down as if they know the future of market crashes, which was ridiculous. They don't justify how they predicts and avoids our investment going down. 7) Then the actual trap starts in climax of slides like for the registration into the big life changing opportunity just requires $199 and they simple say it is one time Costco bill and you shouldn't be bothered much as your going to make millions soon. 😎 On the whole, the meeting will be very abstract with not revealing any details like how the process works but every promoter guy comes on the stage (mostly all are senior Indian IT working guys) and says I started this as part time couple of years ago now I am making more than $100k , other will say $200k and the most senior folk says this year he is touching 1 million. Part time guys says they are going to resign their jobs soon and will do full time to achieve millions. 9) After all this speech drama, the speaker says to disperse and meet with your person who has brought you here to discuss about the business opportunity like one on one. 10) Then our host won't let you go and asks what are your financial goals brother , register to IHG for $199 and then we can start discussing about the opportunity. **Next day or after some days:** 1) Our friend/friend family who brought this opportunity will setup meeting for 3hrs to discuss our financial goals. 2) They will come up some big numbers like after 60 years you need atleast 2.5 million or more to cover the lifestyle you are living now. They tend to like to give more figures if you like it, as they want to create fear in you. 3) Now they will present the biggest financial trap product from the financial institutions which they are affiliated. The favorite product which they promote is Indexed Whole life insurance by picking some financial institutions, you will be putting money all 20 yrs and the cash value don’t gets appreciated because these Institutions charges High Premium and Fees for first 20 year of Investing. Appreciation only starts after 2Oth year Investing, if the market is good they will say you will get around 5.9 percent per year and they tempt us this extra income is all tax free. What is the worth of product if your investing on long for 20 years without any appreciation and they say meagre extra amount we start getting is tax free. There are many traps in this product like if you want to cancel in first year you will get zero amount on your principal. This whole life insurance schemes has to go with payments until you live which is another trap. If you ask many questions to these promoters about the returns or any history data to show they will get angry and irritated. The main crowd trap for these products are H1B holders from India, as these Old Desi GC promoters traps into these Insurance schemes for their high commissions from HGI and they have least knowledge on Financial Products. It's better to take Term Insurance which is lot cheaper and logical to think than falling for High Premium Traps they just promote us to get high commissions like in MLM marketing chain. I have written this big blog because I don't want people to get trapped loosing value for their hard earned money. stolen from quora 4 Quote Link to comment Share on other sites More sharing options...
kittaya Posted March 30 Report Share Posted March 30 H Quote Link to comment Share on other sites More sharing options...
kittaya Posted March 30 Report Share Posted March 30 8 minutes ago, kittaya said: H Quote Link to comment Share on other sites More sharing options...
pakeer_saab Posted March 30 Report Share Posted March 30 11 hours ago, andhrabullet said: Legit aa? frnd saying monthly getting 3k etc the sooner you say 10gey the better you can save time if someone is asking you to attend a meeting that may make you rich, think of this as opposite, which is the one asking you to come that would make then rich. simple ga Amway in financial side 2 Quote Link to comment Share on other sites More sharing options...
Gorantlamdhav Posted March 31 Report Share Posted March 31 2 hours ago, pakeer_saab said: the sooner you say 10gey the better you can save time if someone is asking you to attend a meeting that may make you right, think of this as opposite, which is the one asking you to come would be rich. sinly ga Amway in financial side Overall aa promoter ki income vostada? Asalu honest ga evadikanna telsa? Quote Link to comment Share on other sites More sharing options...
Skn_benami Posted March 31 Report Share Posted March 31 4 hours ago, Gorantlamdhav said: Overall aa promoter ki income vostada? Asalu honest ga evadikanna telsa? Top pyramid aka 0.001% ki money ostai. Migita vallantha vere vallani munchi ah 0.001% loki ellalani chustu untaru. Quote Link to comment Share on other sites More sharing options...
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