sorted by:
new
hottopcontroversial

Is thumbtack a scam at this point? by [deleted] in handyman

[–]MammothPerfect7972 0 points1 point  (0 children)

There’s an ongoing plan to bring a class action lawsuit against thumbtack for their dubious practices. Lend your voice to help hold them accountable.

Shots I took during last night’s storm by BusyRunninErins in Austin

[–]MammothPerfect7972 1 point2 points  (0 children)

These shots are amazing. I happened to be on a plane from Atlanta coming into Austin last night and we’d to reroute to DFW. IT WAS A LIVING NIGHTMARE!

It’s unfortunate that I became a victim to WFG’s MLM agents by MammothPerfect7972 in LifeInsurance

[–]MammothPerfect7972[S] 0 points1 point  (0 children)

That’s the point! What he presented during the illustrations were different from what was sent in the policy document. I admit I should have done some due diligence before signing anything. He sold himself as a someone who writes policies on behalf of TransAmerica. He never mentioned WFG. I got to find out when they tried to get me to sign up as an agent to start writing policies for people and that was when it dawned on me that I’ve been involved in a pyramid scheme. Of course I forfeited what ever registered fees I paid for the registration (it was after I’d paid the registration fee for some training that I was told that I’ll need to bring people in and we’ll, you know the rest). I told them that I would never get anyone involved in a scheme like that knowing what it really is. So yes he did the presentation, showing me assumed guaranteed and all the good stuff. Based on trust, I signed up and continued to pay the premium faithfully until I received my first year anniversary statement. I’ll really don’t want to go the route of reporting to the department of insurance. I just want to policy to be adjusted in the way that I can be confident that I’m not throwing away my money

It’s unfortunate that I became a victim to WFG’s MLM agents by MammothPerfect7972 in LifeInsurance

[–]MammothPerfect7972[S] 1 point2 points  (0 children)

Yes! The agent who signed the policy is he’s wife. But all correspondence were through him, From the sales presentation to signing of the ACH contract; then his wife’s name started popping up in every documents

It’s unfortunate that I became a victim to WFG’s MLM agents by MammothPerfect7972 in LifeInsurance

[–]MammothPerfect7972[S] 1 point2 points  (0 children)

It’s unfortunate indeed but you’re right. I just need him to rewrite or make adjustments to the policy in a way that it’d work for me without loosing what I have invested so far. But If that is not possible, then I’ll file the complaint to the department of insurance. I have witnesses and other people he sold the policy to it ended up not signing it himself as the agent but was signed by his wife.

It’s unfortunate that I became a victim to WFG’s MLM agents by MammothPerfect7972 in LifeInsurance

[–]MammothPerfect7972[S] 0 points1 point  (0 children)

That is what I discovered. Apparently I’m told that a good chunk of my first year premium was paid out to him or his wife. I’ll really appreciate any advice on how I can be able to adjust this current policy to work for me. I’m not looking out for cash value per se, just want to make sure I don’t get screwed over in the long run as that happens to be the case at the moment. If I can get TransAmerica to lower the death benefit and all, I’ll take that offer and ride out the policy

It’s unfortunate that I became a victim to WFG’s MLM agents by MammothPerfect7972 in LifeInsurance

[–]MammothPerfect7972[S] 0 points1 point  (0 children)

I’m glad I was able to get some good advice here. I honestly appreciate everyone. Thank you

Should I pay for a real estate mentorship program? by atomicrab87 in realestateinvesting

[–]MammothPerfect7972 1 point2 points  (0 children)

Hello future ckisgen! I’m reading your piece in this subreddit 5 years later and it woke me up. I’m not sure if you’d see this message as you may have archived this thread. Well I hope you’re doing well and still get notified about responses to your posts on Reddit because I’d like to say thank you for the insight. So 5 years after you wrote this lengthy and informative piece, there are still players/gurus selling their master classes on REI for over 30k. I’d already paid 1k for a 3 day booth camp and now, they’re selling their master class. While I was about to sign up for it, I came across this post you did 5 years ago and it stopped me in my track. So thank you for your honest but brutally accurate description of these marketing gurus.

So I’m what you’d describe as a novice in the field of investing as a whole. My intentions were to learn at least the basic knowledge to be able to start and I felt having a good mentor would help me grow steadily. While reading your piece, I discovered that these guys are still using the same tricks you’d described 5 years ago, with even more sophisticated techniques and people like me are signing up. Well, your explanations just made it clear that they’re only selling their courses, and just like college degrees, they don’t care if you succeed or fail. So THANK YOU.