Listen Money Matters - Free Your Inner Financial Badass. All The Stuff You Should Know About Personal Finance.

  Ever had someone try to sell you Amway, or worse, try to recruit you to sell Amway?  Today we discuss pyramid schemes and how to protect yourself from them. Robert Fitzpatrick joins us to discuss money making schemes.  They pre-date the internet but have exploded in number since the advent of the net.  Find out how to spot and avoid them. There are two main types of these schemes.  One that is presented as a money making opportunity, as a career.  These are multi-level marketing schemes.  The other type is sold as a social opportunity and commonly known as a gifting circle. The three biggest MLM schemes are Amway, Herbal Life and Nu Skin.  Someone recruits you to sell products and get a portion of your sales and you recruit others and get a portion of their sales and the “endless chain” grows.  In a regular sales job there is none of this cultish recruiting.  It’s cut and dry.  You sell product X for $X and make a portion of that price.  In these MLM schemes, you are told the amount you can make is near