Growing up, I always wanted to be a stock trader. You know, like on Wall Street.
I was gonna have a $3,000 suit, a lambo, and a supermodel secretary.
Problem was, I didn’t know the first thing about stocks.
I started dabbling with some pocket money. I thought it was a good idea to buy the highest priced stocks. Because they were the highest, right?
Duhhhh… Great logic, I know.
Let’s just say it took me a while to realize that wasn’t necessarily how trading stocks worked.
But at least I had a taste for it. I was young, bro. I couldn’t help it.
At least I was keeping the dream alive.
Actually, my uncle was involved in Wall Street for a while.
These guys were living the dream I wanted.
I managed to do some work experience there.
This was back in the 90s, so the internet was still in it’s infancy.
People were buying and selling stocks over the phone and shiz. I know, crazy right?
Anyway, I soon learned that regular stock trading wasn’t as glamorous as I’d thought.
My uncle had been in the game for a decade and still didn’t have a Lambo.
He had a Buick.
Okay, I’m not hating on Buicks. Stable car. No hate here.
But his secretary…. definitely not a supermodel.
But hey, why am I being so negative?
It was still a cool week of work experience.
Only those parties and cocaine-fuelled nights. They didn’t really exist.
Not at this firm, anyway.
Ain’t nothing wrong with a Buick!
I guess the glamour of becoming a Wall Street trader was kinda wearing off.
Most of the time they were just studying graphs and making phonecalls. It wasn’t very high-octane.
So when I was choosing my majors, I kinda went in a different direction. The Wall Street dream had died down a bit. But I still respected that as a profession. I knew one day, when I had a bit more money, I’d like to get back into stocks. Not as a way to have a high-octane career. But as a way to actually grow my savings.
I actually got more into the internet marketing side of things over the next few years. Let’s just say this wasn’t always easy, either. No sir.
I failed a lot, but eventually started getting some success.
That was with Local Lead Generation, which I’m gonna tell you more about soon.
What did this success mean? It meant I had more money lying around.
No, not Lambo money. Bummer.
But at least I was starting to thing about investing it. Helping it grow a bit more. while I took care of the day-to-day stuff.
That’s when I started hearing about the World Financial Group. I liked the name. Sounded grand and legit. Was it? Hmm… check out this World Financial Group Review to find out.
It’s one of the more legit World Financial Group reviews you’re likely to find. After all, I know if you banged “World Financial Group review” or “World Financial Group scam” into Google you’ll have seen a lot of spam there,
Some of that stuff is there just to convince you that World Financial Group is legit. They’re trying to sell you it.
I’m not trying to sell you it, so you can read my review with a bit more peace of mind.
World Financial Group Review
So as you know, I was looking for somewhere to invest my money. I wanted some advice, so I chatted to some WFG advisors.
I soon learned that apart from giving me the financial advice I wanted, WFG was actually a way that I could make more money. It was a marketing opportunity.
I was always on the lookout for more marketing opportunities. I liked to hustle online. So I saw this as a great way to learn a bit more about the financial world (like I’d always wanted to) and hopefully make even more money on the side.
Did I make any money with World Financial Group?
Short answer… No.
Long answer… Nooooooooooo.
You see, I soon learned that if it looks like a pyramid, sounds like a pyramid and smells like a pyramid. It’s a pyramid.
That’s right, a pyramid scheme.
I’d learned long ago to avoid these things like the plague.
“But wait! Aren’t pyramid schemes banned?!”
Yeah, they are.
“So how are these people still operating?!”
Well, they manage to get around this by calling themselves Multilevel Marketing opportunities, or MLM.
Now let’s get this straight. Not EVERY MLM is bad news. In fact, some of them are super cool. They’re generally a way of promoting products through a network, and qualifying for a different level of commission depending on what level of the network you’re on.
The main problems start for two reasons.
One, if they make you pay to move up levels.
Two, if the products at the bottom of the pyramid are completely worthless, scammy or way overpriced.
That’s my main gripe with pyramid schemes like this. What’s the actually products you’re supposed to be promoting like?
Well WFG promoted a number of different financial products. Things like financial advice, insurance, etc.
All good so far,.
But the main way they do it is with pushy sales pitches. And by recruiting sometimes-desperate “advisors” who’re more like salespeople than actual advisors,
Actually, that’s where things first start falling down.
Their main business model is recruiting students and other people without much experience in the working world. They show some flashy cars, expensive suits and entice the sort of people who aspire for that sort of life.
Kinda like the life I aspired to before I grew up.
These salespeople are referred to as associates. That’s because it sounds less pushy.
Like this…. Only internet-based.
But the sales pitch they’re encouraged to give is REALLY pushy.
And get this—you gotta pay $100 for the opportunity.
That’s right, to become an associated you gotta stump up the cash before you’ve even made any money.
As I soon learned form some guys who’d been in this for a while. Some of them never made that $100 back.
This was NOT the money-making opportunity I was looking for.
It wasn’t really the financial advice I’d been looking for either.
Very few people were actually making money here. The only real way to make money was to recruit more associates under you. Like all good pyramid schemes.
What a bummer.
I was disappointed.
But I was also determined to finish this review so that guys like you could have a bit more info. And so you could know whether World Financial Group was really for you.
The only real people making money from WFG are the top guys in the pyramid. That’s WFG themselves or the early adopters.
It’s a bad deal for advisors, especially if you didn’t get in early. It’s also a bad deal for buyers, who’re charged exorbitant prices for stuff that isn’t actually that great.
Listen, if you’re sitting there thinking that the WFG is a completele scam, it isn’t. They do have financial products and some of these are actually worth SOMETHING.
But they’re worth a lot less than you’ll pay for them.
If you want to get into the World Financial Group to make money as an advisor. Don’t bother. It’s as simply as that. There are better ways to waste your time and money. There are even better pyramid schemes.
The main gig is basically recruiting more advisors under you rather than actually selling products. This leaves the people at the bottom vulnerable.
You’ve also got to keep recruiting every 30 day period to maintain your level or get promoted. This keeps the pressure on at all times.
It’s simply not a fun way to work.
I’d already chatted to a few advisors who had recently left the company. I didn’t blame them in the slightest. WFG wasn’t a cool gig.
It’s always super fishy when the only real way to make money is by convincing more people to become salespeople. That’s how the dodgy pyramid schemes really work.
It means those at the bottom who’re just trying to sell the actual financial products can’t really make any money.
And believe me, hardly anyone was making money with this stuff.
It was enough for me. I can’t recommend World Financial Group.
Is it a scam? Maybe. Is it worth it? No.
There are far better ways to make money online these days. I’ve tried and failed at a few of them, but I also know that Local Lead Generation is one of the best new ways to make real income every month. I even got a few of those former WFG advisors involved. They were glad I did.
You will be too. Check it out as soon as you can.