Thank you for the guest article. It was great.

However, I have also seen the reports he gets. Frankly, the reports given by Primerica are easier to read and are more to the point.

There are very few companies that actually seek out the middle income families. Primerica is one of the better ones, if not the best, of that bunch of companies. How many will allow an individual or family start investing with $0 and $25/mo? How many will actually teach people how insurance and investments work and what they are meant for? Not many. Many companies believe these things to be to complicated for the average Joe to understand.

I know this is the case from the people I have dealt with. They have a certified adviser or professional money manager. I show them how it works and they get pissed because they feel there got had.

If anyone notices, Primerica, as a company, does not advertise. We are a warm market business. Ideally, we work through referrals, friends, family, and word of mouth.

I will not say Primerica is the only company doing this. But, to my knowledge, AL Williams did start the trend.

Since you will be saving roughly 20% in taxes, what is the importance of the MER’s?

Preet,
thx for these additional information!

You get what you pay for… in this case do you get advice commensurate with the kind of commissions an advisor can make from you? If I don’t have 50,000 liquid, will the full-time advisor — one who keeps up with all the latest news and competing offers — bother with me?

Which (reputable) companies actively seek out low to middle-income earners to offer their services, especially in Canada? And I don’t mean seek through advertising — I mean intentionally seek referrals and contact you. There has to more than Primerica using this approach.

Besides, you are still up $700/mo. I would say use that to start paying down the house until you get the $1,500 extra income. I bet you already do that though.

If you did not have income support, is that Primerica’s fault or your own? Primerica is commission only thus, if you don’t sell, you don’t make money. The “dream” is what you make it. You should not have been promised riches and ling is unacceptable for any business.

The concepts that Primerica works under were not created by Primerica, nor AL Williams before it. They are concepts that the industry as a whole developed and Primerica simply choose to use the ones that are best for middle income families.

Regardless of any business opportunity you may go after, any bad debt you may have, or acquired, was caused by your decisions and actions, not by the business you were associated with.

The truest of pipe dreams is believing you will achieve all your dreams by working a job and having someone else control your income. Business Owners and Investors have lifestyles most dream about because most will not put forth the effort to do what is necessary.

Primerica, like many successful businesses, has a system that if worked, pays out. If you did not plug in, work the system, and keep at it, you are guaranteed to fail. Do not blame a system that has proven to work time and time again for your own failure.

This system, on average, produces 10-20 new 100k+ earners every month and about 2-5, if not more, new millionaire’s every year. The system works.

Those that cannot run a business, deserve to have a job and an average life. Those that want more out of life, must go above and beyond, become a business owner and an investor, and make money work for them instead of working for money.

I wish you luck in what ever you choose to do. Just remember, you are where your actions and choices have brought you. If you are unhappy with were you are at, it is your own fault and no one else.