The World Financial Group

WFG is one of the most successful "financial literacy" groups online, and it was obviously an MLM to me up until i saw a dear friend of mine who thinks critically enter it Any thoughts? Is it surely an MLM? How do you get people out of cults? ROI index?(USER WAS WARNED FOR THIS POST, You should always elaborate on your opinions rather than just spilling the soykaf. Is it a cult, we don't know, probably, you didn't elaboate ?)

It's an MLM. One of the funniest ways to tell is that the Wikipedia talk page is full of people with no other contributions to wikipedia asking to have the line calling it an MLM removed. >friend who thinks critically Everyone has their blind spots and is susceptible to being charmed into stupid soykaf.

>>83356 >Any thoughts? Is it surely an MLM? If you have to say it's not an MLM, it's an MLM. See also the Lainon's post above mine. >How do you get people out of cults? There's been a lot of research done on the topic that I don't know a lot about, but I'd look up "cult deprogramming" and start from there. And just take him aside and patiently explain things in an objective manner, how the group operates as an MLM, ect, and just tell him to read books about finance and investing if he's that interested in the subject.

>>83359 any books that might be helpful to not fall into that trap? im thinking of getting someone "high rang" in terms of profession to explain this to them as a shortcut

any critical points to be mentioned when getting smn out of a pyramid scheme? >>83357 thanks

Apparently they had been sued in the US and Canada https://wealthawesome.com/world-financial-group-scam/

op mentions roi, any way to access it for this group

>>83379 https://www.reddit.com/r/PersonalFinanceCanada/comments/180woqe/i_invested_with_world_financial_group_and_i_wish/ 200$/ yr?

im on a webinar from them rn so far just actual general financial education

>>83356 How is an MLM not a pyramid scheme? It's just a trashier rebrand

>>83406 Pyramid schemes are illegal MLMs, otherwise MLMs are legal. The difference is in how they make their profits. Even the FCC does say most people in MLMs dont make much money if any at all and some lose money. https://consumer.ftc.gov/articles/multi-level-marketing-businesses-pyramid-schemes

>>83407 >FCC I meant FTC obviously

>>83407 yes i use it as derogative cuz most are pyramids

>>83404 the biggest takeaway is apparently they have a World Financial Institute where they get brainwashed and all this sh1t gets put into their head