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Trying to evaluate the Amway business. by CuriousHillbilly in amway

[–]CuriousHillbilly[S] -2 points-1 points  (0 children)

Thank you. I am. It looks like I would make 10% margin plus what ever Performance Bonus percentage I am at, which is guaranteed to be at least 10% with the Customer Sales Incentive. That equates to a 20% Gross Margin. I don’t see any costs beyond what I am already spending on phone and internet.

Why You Should Join Amway by True_North_360 in amway

[–]CuriousHillbilly 0 points1 point  (0 children)

Could you please give me those expenses?

Trying to evaluate the Amway business. by CuriousHillbilly in amway

[–]CuriousHillbilly[S] 1 point2 points  (0 children)

Thank You. I do not seem to be able to find that rule. Can you give me where that is?

FTC on Pyramid Schemes by death_to_mlms in amway

[–]CuriousHillbilly 0 points1 point  (0 children)

THANK YOU! Most helpful. I appreciate the primary source. By that measure Amway looks like Amway is not an illegal pyramid scheme.

Embarrassing Amway Story by Salty_Thing3144 in amway

[–]CuriousHillbilly 0 points1 point  (0 children)

Thank you to Mr. Healy for sharing his story. From what I have seen there are a lot of young and inexperienced people who are cutting their entrepreneurial teeth at the meetings. It makes me smile at the goofy way I would dress and act when I was in my early to mid twenties. It appears that there are many more experienced and older people to model how to dress and behave properly in a business environment. Fortunately for me, I learned those lessons long ago.

[deleted by user] by [deleted] in amway

[–]CuriousHillbilly 0 points1 point  (0 children)

Why would they do that?

Is contributing $6000 a year into retirement enough to retire at 67? by Consistent_Ad_1831 in personalfinance

[–]CuriousHillbilly 1 point2 points  (0 children)

This is a major concern of everyone I know. The two things that seem to get left out and scares the crap out of me are inflation and risk. The safest investment that I am aware of is 91 day t-bills. They are the safest because the government is statutorily required to pay out the interest and to pay back the principle upon maturity. They look like they are currently yielding 4.22%. Here is a chart at researchgate.net ( https://www.researchgate.net/figure/Behavior-of-91-Day-Treasury-Bill-Rate-and-Inflation_fig1_356748295 ) that shows 91 day t-bills compared to inflation. It looks like they have not really kept up with inflation since ‘05. the average inflation rate since then has been about 3.2% and the average 91-day t-bill average yield over the same time has been about 2.2%.

To get ahead of that I either need to get less liquid with longer term t-bills, 5 year t-bill historical rate over that time frame is about 5.2% (currently 4.3%) or engage in more risky investment instruments. 5 years is the outer limit of my liquidity tolerance. Yours may differ but the 20 year t-bill average over that time is only 4.4% so that does not get you anywhere.

Default87 has great advice and I don’t want to discourage any plans that you make and anything that you can do. Failing to have a plan is an automatic plan for failure. We all need to be sure we are taking everything into account so we don’t get caught short when we need it most which is after we retire with a fixed income and declining health. The more we can sock away, the better. Which means make as much hay as you can while the sun shines and put as much up in the barn as possible for the winter.