Avaliações de forex geradores de riqueza

Geradores de Riqueza | Os geradores de riqueza são uma fraude ou a oportunidade de ganhar Wall Street?

Nesta Revisão de Geradores de Riqueza imparcial, vamos avaliar se os Geradores de Riqueza são uma farsa ou uma oportunidade de ganhar Wall Street. Consulte Mais informação…!

O mercado financeiro ainda está fazendo excepcionalmente bem na arena de marketing de rede e os geradores de riqueza estão zumbindo na web.

É legal fornecer informações de negociação de ações para potenciais jogadores no mercado de bolsa de valores?

Tudo se resume a qual pacote você quer mais suporte.

Disclaimer: A informação nesta publicação é para fins genéricos e pode ser aplicada a qualquer tipo de oportunidade de negócio de marketing de rede ou MLM. As respostas que afirmamos aqui são.

com base em nossa experiência coletiva no setor e credibilidade com as indústrias de marketing de internet e marketing de rede. Tenha em mente que não estamos de forma alguma afiliada à empresa Wealth Generators e, se você quiser se tornar um membro, recomendamos que você acompanhe a pessoa que o apresentou aos Geradores de riqueza primeiro.

Geradores de Riqueza | O que é um mercado de ações?

A definição do termo Mercado de ações é referir-se a uma localização física para os investidores comprarem e vender ações dentro de um país específico. Assim que as pessoas aqui nas notícias.

& # 8220; As ações estão no vermelho ou no verde hoje, & # 8221; isso significa apenas que a atividade de certas bolsas de valores está indo bem ou mal.

Entre as bolsas de valores mais conhecidas nos EUA, é claro, Nova York, que é (NYSE), NASDAQ, DOW Jones e American Express (AMEX). Então, há algo conhecido como FOREX trading, que é conhecido como Worlds Largest Markets para que os comerciantes estrangeiros compram moeda contra outro e podem ganhar dinheiro com base no valor da moeda.

Por que considerar uma associação independente de geradores de riqueza?

Todos sabemos que a má reputação de se tornar um investidor no mercado de ações exige muito dinheiro e envolve enormes riscos financeiros que, na minha opinião, não são para todos. Você tem que saber o que está fazendo e quando comprar ou vender ações enquanto a negociação está em ação e acontecendo. Você deve ter a experiência de pesquisa e construiu um portfólio completo de negociação de sucesso como um investidor de longo prazo. O que você não quer que aconteça é ser roubado pelos reis de Wall Street, que são os maiores tubarões depois de sua conta bancária, como visto no filme "The Wolf of Wallstreet & # 8221 ;.

É por isso que uma empresa de bilhões de dólares de 20 anos, conhecida como Geradores de Riqueza, está atualmente em pré-lançamento com sua primeira oportunidade MLM para dar às pessoas a chance de participar de negociação online bem sucedida com seu programa de associação.

The Wealth Generators Story.

Um cara com o nome de Mario Romano, co-fundador e CEO da Wealth Engineering, LLC, uma empresa com sede em Tinton Falls, Nova Jersey, conseguiu levar seu software ao público, combinando-o com o marketing de rede. Romano passou 30 anos em Wall Street e só percebeu que existe uma grande diferença para o & # 8220; pequeno investidor & # 8221 ;. Com seu desejo de ajudar o pequeno homem, ele conseguiu estabelecer sua empresa na internet, que oferece educação para investidores e conselhos comerciais estratégicos.

Agora, o presidente da Wealth Generators é Kevin Gull, ex-presidente da Symmetry Global e vice-presidente executivo de vendas, é Varlin Law. Varlin tem mais de 23 anos de experiência em vendas / gestão direta com cargos de nível executivo na Melaleuca: The Wellness Company, USANA, presidente da Sibu e vice-presidente de vendas internacionais da MonaVie. Mais recentemente, ele também foi vice-presidente executivo de vendas globais da Symmetry Global.

A empresa está localizada em Salt Lake City, Utah e é administrada por 3 fundadores, Ryan Smith e Chad Miller, que são considerados pioneiros do setor de educação financeira online. Annette Raynor também é fundadora e tem mais de 20 anos de experiência na profissão de TI, além de 10 anos no setor financeiro.

A própria empresa está registrada no Better Business Bureau e obteve uma classificação de lucro A.

Ao contrário de outras empresas financeiras de MLM que vendem produtos consumíveis como bebidas para perda de peso, loções para a pele e serviços de energia. Geradores de riqueza é mais do que apenas uma plataforma é mais sobre ajudar seus membros com uma oportunidade de ganhar renda através do seu Plano de Compensação de Geradores de Riqueza também.

Aqui está um trecho retirado da The Suit Magazine da declaração de Ramano sobre a missão Wealth Generators:

A Wealth Generators tira a complexidade do mercado de ações porque oferece estratégias projetadas e gerenciadas por seus especialistas de mercado ”, disse Romano. "Cada membro fornece os detalhes de conhecimento e comércio criados pelo Market Expert. A melhor maneira de aprender é através da aplicação e é exatamente isso que geradores de riqueza faz. Ele educa cada indivíduo nas várias estratégias, mas ainda mais importante, aplica a educação através de alertas comerciais em curso que levam uma estratégia do início ao fim.

Que plano de geradores de riqueza é ideal para você?

Embora seja promovido com muito hype que esta empresa possa ajudar quase qualquer um a aprender as habilidades de um comerciante especializado; permanece a questão de qual membro é o certo para você.

Existem 3 maneiras de participar do plano de remuneração dos Geradores de Riqueza.

$ 99,99 por mês de taxa de inscrição Total para se inscrever para o Pacote do Membro é de US $ 99,99.

Taxa de assinatura de US $ 99,99 por mês também devido no momento da inscrição: US $ 25 de taxa anual que o qualifica para participar do Plano de bônus. Total para se inscrever para o pacote do Generator Package é de US $ 124.99.

Pacote de gerador qualificado.

Taxa de assinatura de US $ 99,99 por mês também devido no momento da inscrição: $ 25 Taxa anual mais $ 105 Taxa única para o Clube de Educação / Especialistas que o qualifica para participar do Bonus Plan e Generator Bonus. Você obtém acesso total aos vídeos de educação de A a Z e amp; Seminário mensal do Clube de Especialistas. Total para se inscrever para o pacote do Generator Package é de US $ 229,99.

Todos os 3 pacotes incluem mensal ou semanal 3 Pack 100PV.

Há mais para a compensação, então volte com o representante que falou com vocês sobre geradores de riqueza.

Os níveis de realização do plano de bônus são:

Você inscreve-se em 3 geradores ativos no seu primeiro nível, o seu pacote mensal ou semanal será coberto. Você ainda paga os US $ 99,99 por mês para a sua assinatura, mas os geradores de riqueza vão pagar de volta de US $ 100, mais os 7 bônus de pagamento de mais US $ 15 somente nessas três pessoas todos os meses. Esteja ciente de que isso acontece apenas no mês em que você se qualifica e todos os meses, desde que você permaneça qualificado.

Clube da riqueza 600.

Clube do Riqueza 1500.

Em conclusão, depois de verificar esta empresa, dizemos que realmente não parece uma fraude, a empresa tem uma história de sucesso no setor financeiro antes que eles ainda decidissem se expandir para o marketing de rede. Temos que admitir que ficamos muito impressionados com as informações que o WG está dando e que as pessoas já estão tendo algum sucesso com isso porque estão compartilhando um interesse na divisão de negociação de ações. Agora, se você acha que vai ficar rico durante a noite com ele, a resposta é que este não é esse tipo de oportunidade de negócio. Esta informação é exclusiva para os seus membros que estão negociando no mercado de ações e tem um & # 8220; Fairy Godfather & # 8221; de Wall Street ao lado deles para contar-lhes qual é a próxima jogada para que você possa lucrar.

A linha inferior aqui é simplesmente isso, você vai precisar de mais ligações do que você tem tempo para e sempre entender que cada vez que você tem alguém rejeitar sua oferta ou oportunidade você está deixando dinheiro na mesa. Não tem que ser assim, na verdade, você pode ganhar e crescer ao mesmo tempo no seu negócio de Geradores de Riqueza, ao mesmo tempo em que aumenta seu capital de marketing e publicidade para se manter para o sucesso a longo prazo.

Você deve trabalhar de forma mais inteligente do que sua concorrência e você deve aprender um novo conjunto de habilidades de marketing digital que sejam mais atualizadas, o que aumentará seu valor, tornando-o mais atraente para o mercado do que falar com amigos e referências.

Se você recebeu valor deste post, por favor tire um tempo para nos deixar um comentário abaixo e compartilhe este post com seus amigos!

Geradores de riqueza são uma farsa? Esta revisão irá poupar dinheiro.

A Wealth Generators tem sido uma das mais quentes empresas de MLM (Multi-Level-Marketing) em 2015. Eles fizeram muito barulho, eles prometeram fazer todo mundo rico e eles inscreveram um monte de associados (também conhecidos como distribuidores) para promover o negócio para os outros. .

Se você estiver lendo este post na esperança de encontrar informações positivas sobre Geradores de Riqueza, pare de ler agora. Hoje vou escrever sobre o lado sombrio da MLM e I # 8217; estarei compartilhando alguns detalhes sobre essa empresa específica que as pessoas envolvidas com o WG não gostariam de nada.

Se você foi ao meu blog antes de saber que eu não gosto de MLMs simplesmente porque a maioria deles (nem todos) se transformam em esquemas de pirâmide, roubando dinheiro de pessoas facilmente influenciáveis. No entanto, desde que trabalho no espaço de marketing, não posso ajudar, mas ser exposto a muitas novidades na indústria. É assim que eu me deparo com outros negócios promissores de Marketing de Rede, os Geradores de Riqueza.

ATUALIZAÇÃO: dezembro de 2016.

O órgão regulador da Superintendencia Financiera da Colômbia (similar à SEC) afirma que o Wealth Generators é um esquema de pirâmide. A Superintendência Financeira da Colômbia fez essa reclamação contra a empresa em 16 de dezembro de 2016:

A Superintendência pôde verificar que a referida empresa se oferece para pagar “benefícios” representados em dinheiro, para afiliados que preencham o requisito de recrutar mais pessoas que contribuem com seus recursos monetários, que é a única fonte de dinheiro que sustenta a pirâmide.

O sucesso (dos Geradores de Riqueza) depende do recrutamento de mais afiliados que contribuem com dinheiro para manter a pirâmide crescendo em progressão geométrica.

A Superintendência lembrou aos residentes da Colômbia que os esquemas da pirâmide são ilegais no país e as pessoas que participam de tais práticas correm o risco de se envolverem em atividades ilegais.

Senhoras e Senhores Deputados, este é o ponto de inflexão.

Geradores de riqueza & # 8211; Primeira impressão.

Neste caso, fiquei muito curioso sobre geradores de riqueza por causa das pessoas envolvidas nisso. Você vê, alguns de seus principais vendedores também estavam envolvidos no WakeUpNow (WUN). WUN trabalhou duro no recrutamento de pessoas inocentes em seu esquema de pirâmide por cerca de 5 anos. Ele acabou desmoronando (como costuma fazer) e uma vez que muitas pessoas estavam perdendo dinheiro (82% de seus membros), os principais recrutadores começaram a deixar a empresa, culpando o gerenciamento, culpando-se e culpando praticamente todos os outros o planeta, exceto eles mesmos.

Avance rapidamente alguns meses curtos e começamos a ver as mesmas pessoas agora promovendo os Geradores de Riqueza. Esses vendedores têm o talento de persuadir pessoas ingênuas a se juntarem a outra rede exagerada, prometendo riquezas incríveis e uma quantidade mínima de trabalho (se houver alguma). Se você algum dia contar a algum dos associados do WG & # 8221; que o negócio soa como um esquema de pirâmide, eles pareceriam ofendidos e eles começarão a gritar: "Como pode ser uma pirâmide?" Esquemas de pirâmide são ilegais! & # 8221; & # 8230; mais sobre isso mais tarde.

O que são os geradores de riqueza.

O WG se posiciona como um plano comprovado de aptidão financeira e riqueza pessoal. Seus vídeos promocionais lhe dizem que você não precisa ter qualquer experiência em negociação ou financiamento para esse assunto e que você só precisa investir 1 a 2 horas por mês para alcançar o sucesso financeiro. Esta é a primeira bandeira vermelha. Você realmente acha que pode investir 1 hora por mês e começar a negociar FOREX (câmbio) e fazer milhões de dólares? Os melhores comerciantes de Wall Street passam 60 a 80 horas semanalmente trabalhando, mas os geradores de riqueza podem mostrar-lhe como fazer em 1 hora por mês e # 8230; a sério?

Screenshot do vídeo promocional do WG.

No entanto, se você procurar qualquer um dos líderes de sua equipe, eles nunca vão contar nada sobre negociação em ferramentas do WG. Eles vão explicar que o dinheiro real vem da venda de membros do Wealth Generators para outras pessoas. Sempre que você inscrever novos membros no programa # 8211; você ganha dinheiro. E isso é, senhoras e senhores, o principal objetivo do WG & # 8211; recrutar tantos membros pagantes quanto possível. Então sim, a Wealth Generators é uma empresa de marketing multinível. Como muitas outras empresas similares que faliram ou foram derrubadas pela FTC, a WG usa suas ferramentas financeiras & # 82201; como uma frente para o seu possível esquema de pirâmide. Eles vieram com um front-end & # 8220; produto & # 8221; para que eles pudessem ficar legais aos olhos da lei, mas provavelmente ganhou por muito tempo.

O que você obtém dentro de geradores de riqueza?

WG oferece algum treinamento básico em Forex, bem como um software forex. Eles também oferecem acesso a TaxBot, um software que o ajudará a acompanhar suas despesas e receitas para facilitar a sua declaração fiscal. WakeUpNow também ofereceu o TaxBot aos seus membros. Agora, o TaxBot é um software legítimo, certificado pelo IRS (tanto quanto eu sei) e normalmente é vendido a US $ 19,99, também costuma ser vendido e você pode obtê-lo por US $ 9,99.

Você também tem acesso a um software de negociação Forex. É aqui que fica mais interessante. Seu software permite que você negocie dinheiro virtual (simulação) ou você poderia começar a negociar com dinheiro real, se você estiver disposto a arriscar e o risco for muito alto. Este tipo de software tem acontecido por ANOS e, na maioria das vezes, você pode obtê-lo completamente gratuito. Os desenvolvedores de software Forex oferecem gratuitamente porque fazem uma comissão toda vez que você troca dinheiro real. Eles não se importam se você perder suas economias ou se você conseguir um lucro & # 8211; assim que você colocar dinheiro real através do sistema & # 8211; eles ganharão uma comissão. Talvez os Geradores de Riqueza ganhem dinheiro com seus negócios, talvez eles não o façam, seu principal objetivo, afinal de contas, é que você registre mais membros no sistema.

A principal preocupação aqui é o conselho que eles dão sobre negociação. Não consegui encontrar nenhuma prova de que os representantes do WG sejam certificados pela Comissão de Valores Mobiliários (SEC) dos Estados Unidos. É ilegal dar qualquer tipo de aconselhamento financeiro nos EUA sem ser certificado / aprovado pela SEC e autoridades financeiras semelhantes em outros países. Eles podem ser destruídos pela SEC uma vez que a comissão descobre o que o WG faz, no entanto, tenho certeza de que o WG tem bons advogados para se protegerem (pelo menos por um tempo).

Pergunte a qualquer comerciante profissional (e certificado) sobre o Forex e eles lhe dirão que o risco é incrivelmente alto e até mesmo as pessoas com 20-30-40 anos de experiência no campo geralmente recomendam contra o forex de negociação, pois não há como prever o resultado .

Quanto custa o gerador de riqueza?

A participação dos geradores de riqueza custa US $ 129,99 por mês. No entanto, quando você estiver se juntando, você seria altamente encorajado a pagar a taxa única de $ 249 para que você qualificasse bônus codificados (e depois continue pagando a taxa mensal de US $ 130). Mas, se você trouxer outros três membros dispostos a pagar US $ 130 cada, o WG agitará sua taxa de associação. Suas taxas de associação continuam pulando, mas no momento de escrever isso é o custo de se juntar ao WG.

O que você ganha por US $ 130 por mês? Um software de imposto de $ 9.99 e um software gratuito de negociação forex. Mais importante, você tem o direito de vender a oportunidade do WG a seus amigos, familiares e todos os outros por aí.

Geradores de riqueza & # 8211; A pirâmide?

Se você está trabalhando com Geradores de Riqueza, provavelmente já está no limite depois de ler este post no blog. Eu sei que você quer me chutar no rosto gritando O WG não pode ser um esquema de pirâmide porque os esquemas da pirâmide são ilegais e eu entendo você. Vendendo as ferramentas financeiras & # 8220; & # 8221; Como um produto realmente faz WG legítimo, pelo menos temporariamente. No entanto, olhei através do conteúdo publicado pelos melhores ganhadores do WG & # 8217 e percebi que nunca falavam sobre o forex, nem para investir, nem para taxar, ou qualquer coisa além do recrutamento. Eles treinam pessoas mostrando seu plano de compensação e explicando que o dinheiro real está na inscrição de novos membros para Geradores de Riqueza.

Wealth Generators comp explica vídeos nos mostram como você receberá 7 níveis de profundidade no sistema (ou pirâmide). Por exemplo, inscreva-se 3 pessoas. Cada um deles inscreve 3 pessoas. Cada um deles inscreve 3 pessoas. E assim por diante para 7 níveis. Aqui está uma imagem de uma pirâmide de 3 níveis apenas para lhe dar uma idéia.

Este é apenas 3 níveis da pirâmide WG que vai 7 níveis de profundidade.

Plano de compensação dos geradores de riqueza.

Então, quanto você paga pelo ingresso de novos membros no sistema Wealth Generators?

Eles pagarão US $ 5 por cada membro ativo. É claro que muitas restrições se aplicam a planos e bônus, mas a regra geral é que você receba 5 $ por cliente. Também eles têm esse nome chamado clubes. Club basicamente significa que você está recebendo uma quantia garantida de dinheiro todo mês. Por exemplo, se você tem 12 pessoas em sua linha de pirâmide, você ganhará $ 500 mais $ 5 por cada membro (total de $ 560). Claro que as pessoas vão cair da sua linha, muitos vão vê-lo como uma farsa e apenas desistir, muitos outros serão forçados a sair porque eles não estão fazendo um único centavo, mas eles têm que gastar US $ 130 mensais para permanecer um membro. O objetivo é que você sempre terá que estar empurrando essa oportunidade # 8220; # 8221; em novos membros para fazer algum tipo de dinheiro. Este não é um negócio, este é um trabalho que exige que você engane as pessoas a perder seu dinheiro suado, prometendo-lhes riquezas fáceis e indefinidas.

Se você olhar para o aviso de redução de ganhos da Gerador de Riqueza, eles afirmam claramente que: & # 8220; Muitos geradores de riqueza não podem ganhar nenhuma comissão & # 8221 ;. Isso não deveria ser uma surpresa. Embora Geradores de Riqueza ainda não tenham publicado um relatório de renda para seus membros, você poderia simplesmente olhar para qualquer outro relatório de MLM para ter uma idéia dos níveis de renda. Cerca de 0,1% a 0,2% das pessoas dessas empresas geram 6 dígitos. Sim, esse é o nível mais alto da pirâmide. Os donos da empresa e os poucos principais recrutadores. Menos de 1% das pessoas ganharão cerca de 6-10k por um ano completo. Mais de 80% das pessoas não farão um único centavo e realmente perderão dinheiro. Tenho certeza de que não é diferente com o WG.

Mas e quanto a garantia de devolução de dinheiro de geradores de riqueza?

Como muitas outras empresas de MLM, a Wealth Generators está registrada em Utah. Utah é considerado como MLM céu por causa de suas leis amigáveis ​​MLM e baixos impostos. Além disso, as leis em Utah obrigam as empresas a oferecer um reembolso total de 72 horas a cada cliente. Este período de tempo é bem maior em todos os outros estados. Três (3) dias podem não ser suficientes para a maioria das pessoas perceberem que estão sendo envolvidas em uma fraude. Se você olhar para as doações recebidas pelos partidos republicanos e democratas em Utah, as duas principais empresas que doam dinheiro são empresas MLM (muito maiores do que a WG). Há também vários congressistas e mulheres em Utah que estão envolvidos em empresas de MLM e os endossam publicamente.

Geradores de riqueza também promete reembolsá-lo TRIPLICAR de suas taxas de adesão se você não ganhar dinheiro com seu software Forex no prazo de 6 meses. Esta garantia parece incrível e muito sedutora. No entanto, você precisa entender que existem requisitos muito específicos para ter direito a esse reembolso. Você precisa provar que você está seguindo o treinamento para o ponto (como você pode provar isso?) E você precisa mostrar que você fez um número necessário de negócios. Escusado será dizer que eles encontrarão um motivo pelo qual você não se classificou para o reembolso triplo.

Além disso, a maioria das pessoas que se recusam a se tornar associados da WG e só usará o software fornecido para eles cancelará sua associação dentro de um mês ou dois, ou talvez até três meses. As pessoas pagarão a taxa de adesão de US $ 130 por mês, eles perceberão que não podem negociar Forex com dinheiro e que o TaxBot custa apenas US $ 10 (quando estiver pronto). Mas se você cancelar a sua adesão sem aderir durante todo o período de 6 meses (cerca de US $ 800 de seu investimento), você também será desqualificado de qualquer reembolso. Tão simples como isso.

Como é legal?

Eu acho que o Wealth Generators é mais um esquema de pirâmide. Há uma linha muito fina e desbotada entre as raras empresas legítimas de vendas diretas e os esquemas de pirâmide de marketing de nível mili que enganam as pessoas. Sempre que um novo MLM aparecer, eles precisam criar um produto & # 8220; & # 8221; para disfarçar sua estrutura principal & # 8211; a pirâmide. A FTC (Comissão Federal de Comércio) entende isso e muitas vezes fecham essas empresas porque entendem que o & # 8220; produto & # 8221; ou & # 8220; serviço & # 8221; oferecido é falso e simplesmente serve como um disfarce. No entanto, a burocracia e os advogados surpreendentes que são contratados pelas empresas MLM do esquema de pirâmide tornam o trabalho da FTC muito difícil e duradouro.

Às vezes, leva alguns anos para que a FTC reveja uma empresa e provar que uma empresa está de fato operando um esquema de pirâmide ilegal e não um negócio legítimo. Enquanto a investigação prossegue, os recrutadores de MLM continuam a correr gritando # 8220; Não é um esquema de pirâmide, isso seria ilegal! "# 8221 ;. No início deste ano, a empresa Vemma MLM foi fechada pela FTC pelo mesmo motivo. Os seus representantes também correram em círculos chamando as pessoas estúpidas por não entender a incrível oportunidade de Vemma. No entanto, quando a FTC desligou-se para executar um esquema de pirâmide, a maioria dos representantes cale-se e mudou-se para outro esquema de MLM (estou certo de que alguns deles agora estão orgulhosamente representando os Geradores de Riqueza).

Cansado de procurar uma maneira fácil de ganhar dinheiro?

Isso é porque não há uma maneira fácil. Você certamente pode começar seu próprio negócio bem sucedido online, mas prepare-se para trabalhar duro.

Qual é o futuro dos geradores de riqueza?

Cerca de 99% das empresas MLM não passam mais de 5-6 anos. Alguns decidem desligar antes de a FTC os forçar. Alguns declararão falência para evitar o reembolso dos membros ou o pagamento de compensações (enquanto os proprietários estão rindo todo o caminho para o banco) e alguns outros serão eventualmente encerrados pela FTC.

Esta é, naturalmente, uma especulação da minha parte, mas vejo WG sendo encerrado antes de 2018. A maneira mais fácil de prever o final final de um MLM é simplesmente acompanhar alguns dos seus principais recrutadores. Essas pessoas sabem o que estão acontecendo e são os primeiros a saltar para o navio.

Espero que tenham gostado deste post e espero que você não tenha perdido dinheiro juntando-se aos Geradores de Riqueza.

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128 Comentários.

Ei, um artigo muito interessante, assim como suas respostas aos comentários.

Fui abordado pelo meu amigo que parece ter se envolvido recentemente e, em geral, não estava interessado na maioria das ofertas. No entanto, seus negócios profissionais de espelhamento e contratos de mineração de criptografia pareciam interessantes, pois eu estava querendo entrar na mineração, assim como espelhando os comerciantes.

Heres uma rápida quebra para o contrato mais baixo e mais alto (1200 dias):

contrato de locação: Generator Premiere.

preço do contrato (CAD): 500 $ 5000 $

taxa de hashing MH / s: 11-15 120-150.

1º mês pv: 100pv 600pv.

Pv após o primeiro mês: 0 2-8.

Pv total: 100 pv 1300 pv.

pontos criptográficos: 1 6.

Eu fiz algumas pesquisas leves, mas parece que você tem mais informações e exposição do que eu quando se trata desses tópicos. Dito isto, eu apreciaria sua opinião / conselho.

Como estes combinam com outros contratos em termos de taxa de hash e comprimento? Você acha que é um pouco justo? Caso contrário, quais alternativas recomendariam? Você ou algum dos seus amigos usou esses serviços? Algum dos seus amigos usou produtos / serviços do WG?

A razão pela qual eu estou perguntando tudo isso é que eu estou planejando me inscrever apenas para ajudar meu amigo (estarei discutindo os riscos potenciais de seu envolvimento neste programa antes de fazê-lo), como eu não me importo de perder 229 $ se Isso os beneficia e não me remete realmente. Desde que eu estou fazendo isso, só queria ver como vale a pena experimentar seus produtos / serviços emparelhados com os outros no mercado.

Com relação ao espelhamento, você já teve alguma experiência e, nesse caso, você tem alguma recomendação de algum provedor de serviços? Eu entendo o risco e estou bem com isso.

Desculpe pelo longo comentário e aguardo sua resposta.

Infelizmente não posso falar sobre o envolvimento da WG no mundo da moeda criptografada. Como Bitcoin, Ethereum e Ripple estão fazendo muitas ondas, vemos mais e mais empresas surgindo alegando torná-lo rico em criptografia. Isso aconteceu com todas as principais tendências tecnológicas e continuará acontecendo.

De qualquer forma, sugiro que veja este recurso sobre o WG e o Crypto.

Você também pode verificar o Investview (eles possuem geradores de riqueza). Em sua última apresentação na SEC, esta empresa mostrou como eles estão em dívida com milhões de dólares e suas ações caíram por muito tempo. Além disso, algumas pessoas que se envolveram com eles têm uma história muito obscura com a SEC. Eu pessoalmente ficaria longe demais.

Excelente blog, eu tenho um amigo muito bom já envolvido no WG, ele já está vendendo todos os seus amigos sem instrução para isso, mas ele já dobra seu investimento inicial. Meu conselho para ele é sair o mais rápido possível com o que você ganha. Se é uma pirâmide que você solta, essa é a minha experiência. Alex O que acontece com as contas bancárias fora do show com contas de juros altos que eles mantêm dinheiro, também poderia quebrar a falência?

Oi Summa Seu amigo afirma que duplicou seu investimento inicial, ele contava quanto dinheiro gastou até agora e se ele realmente lucrativo? Eu tenho amigos que alegaram que ganharam um monte de dinheiro com a ACN, Herbalife e outras empresas de MLM. No entanto, nenhum deles conseguiu demonstrar isso. A sorte uma vez saiu em poucos meses perdendo apenas algumas centenas de dólares. As pessoas menos afortunadas presas lá por anos, perderam milhares de dólares e a maioria de seus amigos ao longo do caminho.

Infelizmente eu não ouvi falar de contas bancárias com contas de juros altos & # 8221; que você está mencionando, então eu não posso realmente comentar sobre isso.

Os geradores de riqueza não foram nada fabulosos! Estamos agora sendo negociados publicamente no mercado de ações e ganhei mais de US $ 700 na semana passada com apenas um de seus produtos.

Oi Jennifer Infelizmente não há maneira de verificar suas reivindicações de renda. O aviso de responsabilidade da WG é "Muitos Geradores de Riqueza NÃO PODEM GANHAR QUALQUER COMISSÃO".

Muitos golpes de estoque de moeda de um centavo e outros também estão sendo negociados publicamente. Alguns homens fazem isso por anos até finalmente serem desligados. Infelizmente, ser uma empresa de capital aberto não garante a legitimidade da empresa.

O melhor sucesso para você,

Os geradores de riqueza são um grande golpe de MLM. Lembre-se do outro golpe que esses caras estavam correndo? Acorde agora? Logan Shippy é o homem da frente para o golpe do WG. Comentários falsos e muitas experiências ruins de novos recrutas incapazes de obter o dinheiro deles. Qualquer um que defenda esse golpe é um recruta tentando conseguir mais pessoas a bordo para que possam recuperar seu próprio dinheiro que perderam nesse golpe. Fique bem longe, guarde seu dinheiro e invista de forma inteligente.

Obrigado por compartilhar George.

Estou curioso se você pessoalmente experimentou WG ou isso é apenas uma opinião? Estou constantemente procurando pessoas que eram membros do WG para compartilhar suas experiências com meu público.

Para mim, parece que você só conhece um tipo de maneira de ganhar dinheiro online. Marketing de rede é o que ele menciona. Ter um produto, fazer com que outros se juntem e ganhem compensação através da sua rede. Agora eu não acredito que isso seja um local confiável para a revisão de serviços de negociação. Se você não sabe nada sobre o mundo do comércio, então eu definitivamente não sugiro que você comente sobre o assunto. Há tantas outras assinaturas que vão para o mesmo ou muito mais para alertas comerciais via Forex, opções binárias e ações. Um monte de variáveis ​​vai para decidir onde investir para alguém confiar em uma pessoa que só faz marketing afiliado é risível. Por favor, faça suas pesquisas em outro lugar e decida sobre sua experiência, o apetite de risco e a motivação que você tem para fazer viver este mundo para você e sua família. Eu tenho muitos amigos que são extremamente bem sucedidos com Forex e opções binárias. E isso não envolve WG. O GT é apenas o começo para que os assinantes obtenham uma melhor compreensão e conhecimento. Ah, também, o Forex e as opções binárias são ilegais em outros países devido a políticas culturais e outros motivos demográficos. Só porque algo é ilegal em outro lugar, não é uma má maneira de ganhar dinheiro em qualquer lugar. Felicidades e que Deus abençoe a todos com abundância, afinal estamos aqui para prover nossas famílias e a nós mesmos.

Obrigado pelo seu comentário, Abraham.

Parece que você não teve a chance de ler o meu blog e perceber que eu tenho muitos fluxos de renda diferentes e marketing afiliado é apenas um deles. Desejo-lhe sucesso com o WG enquanto ele ainda está em alta e não está sendo desligado pela FTC ou outra autoridade.

O que você acha deste site, afinal? Eu acho que pode ser o mesmo sistema ou algo assim, ou parece legítimo?

Para ser honesto, eu nunca ouvi falar do GEM, então não posso comentar sobre isso. Eu dei uma olhada rápida e não tenho ideia do que eles estão realmente fazendo.

É realmente óbvio como alguém criará tempo para criar um blog sem sentido como esse apenas para gerar tráfego.

Seu script me diz que você é realmente ignorante quando se trata do modelo de negócios do século XXI.

É tão ridículo como você sabe melhor do que Robert kiyosaki, Ross jardine, Richard Branson, Bill Gates, dobald trunfo o resto deles quando se trata de modelo de negócios do século 21, mas você está tentando sobreviver com você inútil blog ..

Eu estou super espantado com a forma como as pessoas lhe ouvem ouvidos quando a sua escrita me diz que você está promovendo algo de seu interesse criticando algo legítimo e verdadeiro # 8230;

Nunca critique o que você não entende.

Oo eu recebo. Você é uma daquelas pessoas que estava em uma empresa de mlm, mas estava tão infeliz e com medo de se tornar uma pessoa melhor.

Como parte dessas postagens que se juntam e querem começar a ganhar o esquecimento de que todo sucesso duradouro é um processo de aprendizagem hardcore.

Aprender leva a ganhar & # 8230 ;.

Os geradores de riqueza são a melhor coisa que encontrei desde 1 mês agora e # 8230;

Os softwares estão funcionando! Como fogo.

Eu até tenho provas dos meus pagamentos ..

Recrutamento ou recrutamento, faço dinheiro com a companhia diariamente. & # 8230;

Só prova de tolos prova.

Continua com suas borbulhas. Enganar muito para levá-lo como treinador para atender seu interesse.

O que funciona, funciona ..

E fique a conhecer.

As críticas nunca oscilam ou sombras do que é verdade. Isso só faz brilhar, torna melhor e expande & # 8230;

Então, se você não quiser que a empresa cresça, mantenha a boca fechada!

Faça sua pesquisa um melhor escritor.

Obrigado pelo seu comentário Crown.

Infelizmente eu tenho visto muitos dos meus amigos serem queimados por MLMs diferentes ao longo dos anos, então eu entendo este modelo de negócio. O fato de que Geradores de Riqueza está sendo classificado (e banido) em outros países por ser um esquema de pirâmide diz o suficiente sobre essa empresa.

Eu adoraria ver seus resultados e lucros usando o software WG. Até agora, muitas pessoas prometeram me mostrar a prova, mas todos desaparecem quando peço para ver essas provas.

Por último mas não menos importante. Eu tive a escolha de não publicar o seu comentário, no entanto, decidi que outros leitores devem ver o comentário típico de um membro de MLM.

O melhor sucesso para você,

Antes de criar blogs que contenham meias verdades, você seria muito bem servido para fazer sua lição de casa primeiro. .. ou talvez você esteja muito acostumado a tentar ganhar seu próprio dinheiro com leitores de seu blog sem instrução. Você quer provas? Bem, aqui está. Vá para myfxbook e digite ryze 2.0. Este é apenas um dos muitos produtos úteis sob geradores de riqueza. Os juros mensais obtidos com as contas forex são atualmente mais altos do que qualquer poupança, cheque, mercado monetário ou CD 5 anos nos EUA Eu continuaria com uma prova adicional, mas eu realmente não acho que seu blog ou comentários valem o meu próprio tempo para tentar para provar alguém que está errado ainda mais errado!

Obrigado por parar e deixar um comentário Paula. Fico feliz em ver este post do blog atingiu um cordão.

Se você leu a postagem na íntegra, deve entender a principal preocupação com o WG. É o fato de que a maior parte de seu dinheiro é feito através de um esquema de recrutamento de pirâmide e não os investimentos reais no forex. Tudo fará sentido quando o WG for multado ou encerrado pela FTC ou pela SEC.

Espero que um dia você perceba que as pessoas passaram anos (suas vidas inteiras) estudando o mercado de ações e o forex. Corporações financeiras de um milhão de milhões de dólares não descobriram que a negociação é um risco elevado, uma vez que o WG encontrou a fórmula mágica para criar riqueza se os tivéssemos contactado? Falando em educação, como você explica que a maioria dos seus recrutas não tem um diploma de ensino superior? Porque eles fazem você pensar que eles são inúteis? Ou porque eles têm dificuldade em recrutar pessoas que são realmente educadas? You are a month in I know how does meeting go from experience. Right now you think I’m part of the 99% of the world who “doesn’t see it” or that is not an entrepreneur or that I don’t wanted as badly as you do. At this point you have started to see you family and friends as dollar signs “$” and soon will end up alienating yourself from them. Yes you might be making 100 bucks every now and then from a couple of thousands you put in this is something that can be done by simply reading about trading online. They teach you how to because a leader correct and influence others? Wouldn’t it be best for you to use the money, energy and time to come create something new? Again the o Lu reason I even comment is for others to see the reality and not to let themselves be controlled by others.

Pablo, good argument. Only thing I don’t agree is the relevance of higher education. I’ve seen PhD’s fall for MLM’s and there are more than enough stories of high school drop-outs building billion dollar empires. I think in this particular case what really matters is the lack of financial education or even basic understanding. As you mentioned, biggest financial gurus can never guarantee the kind of returns that WG promises. How is this not a red flag to more people?

And then comes the MLM part, the real reason why WG exists. Most recruiters within MLM companies not only fail to make a profit, they actually lose money. In fact, 99.6% of people involved with even huge companies such as Herbalife, Usana, Amway, Nu Skin and many others waste their money. These numbers come directly from FTC by the way. It’s beyond me why someone would consider joining an MLM when this kind of information is available.

Thank you for putting this out there Alex. Knowing the financial world I know how much work people put into the analysis of stock exchange/forex/pennystock/etc. I recently attended a WG meeting in LA where they clearly do not educate on the financial side of making money but on the recruitment of other members clearly a pyramid. A couple of friends have been wanting me to join but I refused as it is clearly a business waiting to get shut down. I met a guy at the meeting who was supposed to be one of the “leaders” remembered his name and with a little bit of digging and research I found out he was involved with another company called VEMMA that was shut down a couple of years ago for being a pyramid. Please google VEMMA and read about how that company was shut down. I found A LOT of similarities between VEMMA and WG the only thing changing is that instead of selling juice it is now a software. I really hope I’m wrong and this works out for my friends who are part of it but the history and odds are against them. The reason I write this is because they recruit people similar in age who are in a vulnerable position in theirs lives (college students/ young adults who are about to transition in a stage in life and feel lost) and promise them the stars by making them feel like they are profiting a few bucks every couple of weeks. I would hate to see more of these young minority adults contribute the little money they have with false hope.

Pablo, it is very unfortunate that they’re going after vulnerable people who simply don’t know any better.

I blogged about VEMMA shutting down in the past.

A few years ago there was another big MLM called Wake Up Now. Several of WUN top recruiters jumped ship when the news of WUN shutting down came out. Guess where these recruiters went? Wealth Generators. And they will eventually jump that ship as well and simply join/open new MLM scheme to keep milking their downline.

Thanks for the info, I’ve been studying forex for a few months, and here in Mexico I got an invite to subscribe to WG, but as you explained on this post, it is so fishy when they just don’t even really seem to earn that much in FX but some of them say they have earned from other people.

that is just sad.

It is sad and it is how pyramids work.

I started WG in December. I don’t recruit. I got in for the investment, to be able to make trades. Because I’m in Canada I don’t have to physically make the trades. the software does it for me. Since January of 2017 I have made between 4% to 5.5% monthly on the money that I’ve put in my trading account. I leave the money in my trading account and occasionally add to it. Based on the last four months leaving my money where it is at an average of 5.5% interest compounded daily I will be very wealthy in a few years. You say you’ve never seen proof. I’d be happy to show you the screen shots of the monthly amounts I’ve made so far this year as proof.

Will I sponsor anyone? Talvez. I might share the idea with a few people some day, those who are interested in making more that 1.45% interest that bank gives.

I am glad to hear it’s working out for you and yes, I would like to see proof of 4-5.5% of monthly interest.

I took pictures of the proof, but didn’t have a way to post it here so unless you give me a way to show you I can only tell you, March 1 – March 31 $1000 deposit in my forex account – profit for the month $75.10 from April 1 to April 30, on that same $1000 deposit – profit $75.56 and for June 1st to June 10 (with another $2000 deposited into the account to bring it up to $3000 deposited by me in the account) – profit so far this month $33.21.

Hi Tabatha. You can upload screenshots to IMGUR or similar sites. I would also like to see your long-term profits (over 6monts – 1 year).

Also I would be interested in hearing why you need a WG membership and can’t use any other free trader software (as there are plenty).

Hello Alex, what about the acquisition of Wealth Generators from InvestView, now WG is going public for the stock market. Whats your opinion about that? There`s any background with other MLM companies doing the same thing?

I haven’t looked into InvestView and have no opinion about this at the moment.

What I’d like to remind you is the company called Enron. They are often referred to as one of the biggest scams in the recent U. S. history. Their stocks caused a loss of $78 Billion to investors and a lot of folks lost their life savings, retirement funds, houses and so on. Just because the company is publicly traded doesn’t necessarily mean that everything is legit.

I am curious what does Wealth Generators have to do with Enron. Since those days there have been law like the Sarbanes-Oxley Act and other fail government agencies that regulate these types of businesses heavily. I have done personal research into this company and find no real fault in them. Also they are publicly traded and have an A+ rating with the BBB for over 4 year. Better than most banks in America.

So before you start a blog and deceive people do your research sir….

The reference to Enron was to simply prove a point that even a huge corporation trusted by millions can be a scam. Sure there have been new regulations added. However, many publicly trade companies are still getting fined and shut down consistently. It takes time to prove a company’s wrong-doing, sometimes it takes years. So the simple fact that it’s “out there” does not actually prove the legitimacy.

Unfortunately your BBB reference is also of no help. This next bit comes from Time :

“The investigation showed extortion-type practices applied to local businesses: Those that paid annual dues to the BBB were handed accreditation and A ratings, while those that didn’t play along were given subpar grades, even if they hadn’t received complaints.”

The A+ rating on BBB is achieved by simply paying BBB’s membership fees. É tão simples quanto isso.

Good luck to you,

Please I will want to know more about TCC (Trade coin club) How real is the business or is it a scam. Is the company registered in the USA to actually trade on coins like Bitcoin and the rest.

I haven’t heard of Trade Coin Club and I will look into it.

From a quick look it seems like TCC doesn’t have a good reputation so I would recommend not giving them any money before doing more research.

The company also seems to be registered in Belize (offshore) and not in the US.

You are an angel. Please do keep up the good work.

I would like to become more familiar on how to make.

some legitimate income and the affiliate marketing sounds good. Been pondering over how it is does.

I had been approached by some individuals who call themselves legitimate.

I am happy to hear you found this post helpful Lisa.

A little while ago I did a very detailed explanation on Affiliate Marketing model, feel free to check it out here.

Very int resting reading all the comments and seeing some refer to Wealth Generators as a Pyramid Scheme. So what is a pyramid – it is where one at the top makes all the money or takes the decisions. Every business is therefore a pyramid and even the US Government with the President at the top of a team which goes down through the ranks to the people.

I was happy to join Wealth Generators and being in UK was able to open an FX Multiplier account which has generated 3.4% monthly over 8 months. This definitely beats what I’d get in a bank.

Wilson a pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.

Any regular business doesn’t recruit it’s buyers asking them to recruit multiple layers inside the same business. Besides, you end up with a product that you actually need and use. How many WG members actually use the (useless) FX Multiplier? Pretty much none. WG members make money by selling the dream to new members who in their turn sell the same dreams to even more people. Hence the pyramid.

The good thing is that WG is starting to get shut down in some countries. It might take longer for UK and US but it will happen soon enough.

Wealth Generators is not a pyramid scheme, it is a legal MLM. And so whatc if I have to recruit 2 new people every week? You have to go to work everyday, what’s the damn difference.

This is precisely the difference. When you go to work you just do the work, you don’t need to recruit any paying members in orders to make money (off of them). That being said, I haven’t had a job since 2007 because I’ve been making a full time income online. A real business makes money off of a product and not from new paying members from the “downline”. I have yet to see a single WG member who can show they are personally making bank from WG’s products and not from recruiting. Existe uma razão para isso.

Blogs are good tools for people. Better when clear and informed. Is recruitment a requirement of WG… or another form of potential income if somebody wants to explore that?

Doesn’t every investment have risk and should that be disclosed clearly? Does WG hold people’s money or is it deposited into reputable brokerage accounts outside of WG?

I have personally seen the multiplier and it has performed better than any bank.

Are you aware that WG is part of a public Co now? Time will tell and always keep a close eye on any investment.

Blogs are good but should be checked and verified just like the companies they look at.

All members are highly encouraged to recruit. In fact many “top-recruiters” within WG will explain that the real money comes from recruiting new members and not from using FX Multiplier.

Every investment has a risk and there is no way to guarantee a profit of any kind. WG reps often claim incredible profits however they aren’t able to back these claims. As far as I know WG says that recruiters shouldn’t make any kind of monetary promises but they don’t really enforce or control the recruiters.

The money that people deposit go through the brokers. I have not been able to find any proof that these brokers are certified. Many online “brokers” are not certified and several are simply illegal. However they exist simply because it’s incredibly hard to control that online.

You also claim that you have personally seen the multiplier performance. Have you seen some “graphs” from a recruiter or are these your personal results with your own money? I am asking this because I have been approached by several Wealth Generators reps and they all say how they have “seen amazing results” however none of them was able to show me their own results… strange, isn’t it?

They are live in 74 countries and just added crypto mining to their product line. I too used their A. I. driven Forex trading platform and have earned about %3 monthly return. They are also monitored by a 3rd party. Apenas dizendo. Their not getting shut down in any countries. Just launched in PNG. Also, Vemma didn’t get shut down, they were investigated and was allowed to stay open.

Once again, the number of countries in which an MLM operates does not mean anything. I can build a blog in 5 minutes and agree to take orders from 150 countries – does that mean my business is credible and honest?

Please do let me know who is that “3rd party” that monitors WG. Estou curioso.

You are right about Vemma tho. They aren’t completely shut down. However after they agreed to restructure the company in order to get rid of the illegal pyramid scheme aspect they had going on a few things changed. According to TruthInAdvertising here are just a few changes that Vemma went through:

After the FTC action, Vemma, which was once operating in 50 countries and boasted $200 million in sales, shut down operations worldwide . Last fall Vemma Europe, which was under legal scrutiny in several countries, went into liquidation. The company is now operating only in the U. S. and Canada.

The June convention themed “Rise Up” held at the company’s Tempe headquarters had a “zero” budget and drew a crowd of just 200 in sharp contrast to Vemma’s 2014 convention, which nearly 8,000 members attended.

Vemma’s top distributors, including Alkazin, his wife Bethany (who was also named in the FTC complaint as a relief defendant) and their son Brad — a leader in the Vemma YPR movement — have moved on to other ventures.

Alex Morton, also a key leader in Vemma’s YPR movement, left to join Florida-based Jeunesse Global on the eve of the FTC action. He is now facing pyramid scheme and racketeering allegations . A class-action lawsuit suit filed in federal court in Arizona alleges, among other things, that Morton entered into a secret lucrative deal to join the Jeunesse skin care MLM at a top level and bring his team.

Anthony Powell, whose move from Herbalife to Vemma with his team was heralded with much fanfare, has also left Vemma and started his own MLM .

In short, it means that once they got rid of the pyramid aspect the whole business went down and it seems like it’s only getting worse. No surprise there, a pyramid scheme can’t be profitable once you take away the pyramid aspect from it.

I want you thank you very much for this article. A coworker of mine is trying to get me to join WG, but when he started to talk it immediately made me think of a pyramid scheme. Muito obrigado!

Always trust your instincts people. Even when saying “no” would probably make it a little awkward in the workplace (for me), at least I didn’t lose time and money.

Hi Karen, I am happy to hear you found this article helpful.

It is “uncomfortable” to simply say no in certain situations but it needs to be done. You can simply say you’re into too many projects and simply do not have the time for it.

Whenever I am approached by an offer such as this one I often ask for proof. Since the rep is promising I’ll make loads of money I simply ask to see their account so I could understand better if it’s for me. Every single rep failed to show me such proof. They all claim that they aren’t making money yet but the upline of their upline is super rich. Another thing I do sometimes is ask them to pay for my membership and I’ll reimburse them since I am guaranteed to make money. Well guess what, they aren’t excited about that idea either. No wonder…

Thank you so much for writing this. I literally was about to join WG and decided to do more reading and came across this blog.

No chance that I’m joining now.

I am glad to hear you found this article Emile.

Hey interesting review. What do you think of Amway?

I remember looking at Amway earnings disclaimers where over 90% of their distributors didn’t make any money and most actually lost money.

There is a very simple explanation of the industry in this famous video: Multi Level Marketing Enjoy 😉

Man Alex I thank you for your honesty and due diligence. I am currently joined in Amway and WG and feel like I’ve got duped.

I think it’s rather clear from my posts that I dislike the idea of MLMs in general. Even when an MLM company is 100% legit, their products are often overpriced and extremely hard to sell.

For example I do use some products from Yves Rocher – because they are of great quality and very reasonable price. Yves Rocher started as a mail order company however for many years now they have lots of physical stores retailing the products. And I do not need to become a “distributor” in order to be able to buy from them. I believe any legit company with great products allows the sale of these products through regular retail channels. If a product cannot be easily purchased by normal customers then there is something fishy going on.

Hello again alex. Daniel here once more. Btw thanx on ur response. Isso ajuda. So my buddy contacted me and we talked some numbers. When he asked how long am I gonna stay in the workforce, I told him I’m looking to exit in about 11yrs. So he send me a screen shot I guess from his accelerator thingy-ma-bob and here’s what he came up with.

Principal amount: 2,000.

Monthly addition: 150.

Duration: 11 yrs.

Interest rate: 60%

Inflation rate: 0%

What can u tell me about these numbers? I mean 900K in 11 yrs? You’re right the whole world would jump on those numbers. But are those figures even possible? What are they counting on to happen, or not happen, for that matter to reach the 900K? Again, thanx for any insight u may have on this. And I’d like to end this comment with: what kind of advise can u give me as to who, where or what I can invest in to get the maximum return of my money by the end of my 11yrs left working? In a 401k or IRA? Or elsewhere? Thanx again.

Daniel, as you mention yourself, 900k in 11 years for such a low investment is impossible.

If you want real numbers you should consult a reputable (and certified) financial adviser. Preferably one that earns commissions on your profit rather than on your initial investment. The truth is that your “buddy” only wants to recruit you into WG because he’ll make money off of your membership fee. Ask him to show you proof that he’s making 60% interest. He will fail to do so but he’ll tell you that the sponsor of his sponsor is making even more than that. It’s always “someone who knows someone” but there are never proofs of that.

And you’re wondering what are they counting on. They are counting on your money, because that’s all they want. They’re also counting to lure you in to become their promoter as they know you won’t make money with “accelerator” or whatever they call it these days. One thing I can tell you for sure, 11 years from now Wealth Generators will not exist. I am rather sure they’ll shut down in less than 5 years from now.

Oi. I’m currently being recruited by a WG “employee”. He says they’ve got a “phenomenal” 4yr track record with 25% ROI(return on investment) with their hands free trading system. Can u elaborate any on this? Here’s an exerpt of our conversation when I asked him about hands free trading:

Hands free is you basically put your money in your own brokerage account & set up what’s called our accelerator & forget it. lol your able to look at your phone & see what trades you’re in, profits & loses.. we are looking to make our equity/ stock market hands free soon that pulled in 88% ROI last year?

Care to elaborate on that as well? Thanx for any advise u can share.

The very first thing you must always remember when it comes to trading: There are no guarantees in trading. One simply cannot predict the market, ever. If a 25% ROI was guaranteed in anything, the whole world would be in it. Wall Street traders with amazing track records and 20-30 years of experience can’t even guarantee an ROI, let alone such high ROI. If you spend enough time researching this information you’ll find that it’s against SEC’s rules to guarantee an ROI in trading since it’s impossible to do.

The following information comes directly from Wealth Generators website:

“WG does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse in any way, the views, opinions expressed in the Information, does not give investment advice, and does not advocate the purchase or sale of any security or investment by you or any other individual. & # 8221;

This bit is also very interesting:

“Because Independent Wealth Generators do not have the data necessary to comply with the legal requirements for making income claims, a Generator, when presenting or discussing the Wealth Generators opportunity or Bonus Plan to a prospective Generator, may not make income projections, income claims, or disclose his or her Wealth Generators income (including, but not limited to, the showing of checks, copies of checks, bank statements,

email notices, electronic records, income system messages or tax records).”

Think about that,

Hey folks! If you missed it, there is an important update about Wealth Generators.

Colombia’s Superintendencia Financiera regulatory body (similar to SEC), claims that the Wealth Generators is a pyramid scheme. The Financial Superintendence of Colombia made this claim against the company on December 16th 2016.

It seems like it’s the beginning of the end.

What does this exactly mean? And the Colombia’s Superintendencia Financiera regulatory body, what type of powers do they hold?? Felicidades.

I imagine you are referring to the latest update on Wealth Generators? If so, it means that Superintendencia has accused WG of being an illegal pyramid scheme. Superintendencia is Colombia’s equivalent US Securities and Exchange Commission (SEC). They don’t have the power to shut a company down but they can and often do take the companies to court. Here is an example of how SEC works.

Thank you for your article and your discernment on the pyramid! This world needs more men who will lay the truth out. Thanks again!

Interesting Blog and I learned a lot from this. Thank you so much Alex.

Thanks for reading Mar!

Thanks Alex for the Info. I nearly signed onto WG. Thanks for the eye opener. I was purposely invited to be a distributor and be recruiting people to get on board.

Stay away mate and dont advise anyone or recommend WG to anyone EVER! I am still with them and if you read down you can see what happened. Long story short a month ago I accepted a offer from one of the brokers, which was that they would double my money but I was not allowed to touch it until January 2017! However, what was not clearly explained and nor did anyone else explain (Inluding head distributors and recruiters who apparently have the knowledge) that my money would be required to do a certain number of trades. When I did the math based on what I had deposited againts the ratio being used to trade the money I realised I would need to wait atleast 2 years until I can touch my money. This was all after their so called master product The FX Simplifier caused us new comers to loose nearly 60% of our money within 3 weeks. As you can imagine I was infuriated and contacted the broker to pull my money who said yes I could but minus what they doubled it by! So now what WG are doing is trying to reqtify this massive loss they caused people by making a few tweaks and adjustments to the FX Simplifier, but this is extremly slow and I am simply holding tight until my money hopefully goes back to what it was!(so far not even close to 10% of my loss has been returned) And due to the loss people are pulling out, so people I had underneath me which were covering the £199 dollars a month charge are leaving which means I now have to pay that every month until I find 2 people. How can I possibly sell a product/service that has left such a bad taste and what am I supposed to sell to people? That…oh I joined but I lost money straight away but hey come join us anyway as you should think posative etc etc. They sold me a product that was supposed to do 4-6 trades a day, NOW its is doing 3-4 A WEEK! The founders apologised but never offered any compensation, I looked further and found non of the brokers were being properly regulated! Yet all this time all the recruiters in the group we are part of on whatsapp were leaving messages and saying oh its just a bad patch and making people feel bad if they left saying ‘oh you dont have a investers mind set, your weak, you have no belief etc’ YEAH they were worried that they would loose out on income due to people leaving because thats how the recruiters make there money! Shameful and disgusting tactics! God Lord I can go on and on and mention sooooo much more that I have missed out but to anyone who reads this I IMPLORE YOU DO NOT JOIN WG. (by the way I am so far £1000 dollars out of pocket within 2 months)

Thanks a lot for this blog much appreciated. I agree with few of the positive comments about MLM companies left in your comments section since it’s a fact if you put your time and you work towards your goal to have a residual or/and passive income generated by selling products on-line or recruiting people who sell their products gaining a percentage of their commission, then you’ll be successful. I’ve tried in the past a probably legit company and I failed due to my lack of effort and my unwillingness to bring others on board but definitely if many people make a living or a fortune out of those business it means it works.

Said that I’ve been yesterday to a WG presentation and in fairness they never mentioned 1-2 hours a month….but NO HOURS at all (??) as there is a team of 10 experts (why 10? who are those guys? how they do it? where are they?) that trade for you to pretty much double up your money each year, at a rate of approx 6% a month. Now not even the best traders in the world can promise a 6% monthly rate and especially in the forex market which is highly volatile. The 98% of the presentation wasn’t about markets and investments but purely recruiting somebody’s else that on the long term would produce a monthly income for you. At the end of the presentation I started my questions.

1) How can they trade on your account in your behalf across thousands people?

Answer: that’s their secret (. )

2) How long have you been in this business?

Answer: 8 weeks (. – bit short time to present it with such enthusiasm)

3) If the product you describe is soooo good that will make your initial investment (he produced calcs based on 1000$) grow to a bit more than 1,000,000 in 10 years are you investing real money in it?

Q: when did you start?

Answer: (remember he’s been in the business for 8 weeks)eh..mh.. I started 4 days ago (he said it after serious hesitation which means he prob never started)

4) when I asked about the reimbursement obviously the criteria were extremely vague (you need at least to be in the 90% of the trades…ok which trades? A: the trades those experts do (. )

I was introduced to it by a friend who joined. Did it put money in the investments? A: no I have a demo account (a demo account in a demo environment always performs well)I asked him to put real money in it and show me after few months the incredible results of this investments. So let’s see.

Then I went home I found your blog and learned of the 5/6 years business cycle of those companies. WG has been in the business for 3 years as they said…so still early to consider it legit and reliable.

Sorry for my digression, hope this helps other people that do not understand much about investing to raise red flags when they come across companies promising a massive wealth without any knowledge.

Roberto, thanks for leaving such detailed comment.

As you have explained, the main business model of Wealth Generators is recruiting more recruiters into WG. “Trading” is a product they need to offer in order to seem as a legitimate company and not as a pyramid scheme. However, members who join WG because they actually want to trade get disappointed fast. Most people who recruit new members couldn’t care less about trading because they do not trade anything, they make money by signing up new members… and the circle goes on.

By the way, they might have removed the video presentation from their website but it’s still on their Youtube channel: Wealth Generators Intro.

That used to be their main promo video and this is where they promise that you’ll be making loads of money with only 1-2 hours of work per month and NO experience in trading.

Thanks for this review, based on what you have written alot has changed in WG over the last year. I joined 2 months ago and have all ready lost alot of money alongside a few friends who joined. They sold me a product or service (FX Simplifier) that simply didnt do what it was supposed to do and made us all loose money. They simply stopped that service admitted they were wrong about it and simply told us to concentrate on another service which they offer which is Daily Trade Alerts! Not just this but SO SO SO many other issues I have had from the start I simply could not curse the company enough! If anyone is thinking of joining my advise is PLEASE DO NOT waste your time money and effort. I am extremely disappointed in myself that I even considered joining and fell for this Ponzy Scheme.

It is unfortunate to hear that you have joined WG with high hopes and got what you got. It always sucks to be sold a dream to only realize it’s all fake.

As I mention in the review, they will provide FX Simplifier or any other software/system simply to make the company seem legit while the FTC does its job proving the pyramid scheme.

They don’t care if their systems work or don’t because the only money they really make is by recruiting new paying members who will recruit more members.

You have to admit these folks are great sales people since they’re able to lure new clients in.

Am so happy to have come across this blog today. I was invited to one of their presentations today here in Nigeria and I was considering joining WG before I saw this blog. Thank you mr alex for saving me.

I don’t get it..if the top dogs are truly into stocks why don’t they actually sit back and really use the stock market to profit and help other people progit…is it easier to sell a dream than to profit off of stocks….

Exactly that. They aren’t making millions with stocks, they are making millions by selling access to WG to others. Then they tell their “customers” that the real money is in recruiting more paid members and not in the actual stock market. This is why it’s called an MLM.

Hey, what do you think about USANA? Very interesting your review.

I haven’t had any experience with Usana. However a quick Google Search reveals some very dark details. One of them being a class action suit against USANA:

A lawsuit seeking class action status has been filed in California State Court on behalf of thousands of individuals who became “Associates” (distributors) of USANA Health Sciences Inc. … The plaintiffs accuse USANA and several of its officers and directors of fraud and deception. Among other things, the suit alleges USANA (a) exaggerated the business opportunity, (b) failed to disclose that 87% of active distributors were losing money,…and (d) basically operated a pyramid scheme requiring a constant churn in its sales force. The lawsuit seeks damages for distributors left with thousands of dollars of losses each after paying for business “kits” and products they say they couldn’t sell. Earlier this year, similar class-action suits were filed on behalf of shareholders.

I’d suggest doing more a lot of research whenever you want to join a “business opportunity” especially in the MLM industry.

Its quite obvious you dislike M. L.M. but i have been involved in M. L.M. since 1989 and have been very successful but i did not making millions from it and the reason for that is i did not put enough of effort into it .

Now i am involved in Wealth Generators and i am making money from my investments and i also am making money from my network and i also have got incredible value from my learning modules and training and its not just $10 taxbot you get its a lot more that that.

This probably wont be edited because its true and you wont want people to understand why you put up posts in the first place but every post like this have a purpose and yours is to run down M. L.M. in general and at the end you will promote your own agenda which seems here to be Affilate marketing .

I would like you to discuss the names and credibility of the people behind W. G and tell people about all the packages you get when you join W. G you only seem to discuss the negatives no positives and there is a lot of positives PRINT THIS.

Thanks for leaving a comment. By the way, posting your comment once is good enough, no need to post it 4 times.

I am very happy to hear that you don’t fall within the 80%+ of MLM distributors who lose money with MLM. Hopefully you’re in that 1% that make more than $6,000 per year.

And yes, I dislike the MLM model and I do in fact make it rather obvious in this blog. Great observation!

By the way, have you seen the latest episode of LastWeekTonight with John Oliver? It’s a great one, you should check it out. Enjoy 😉

What’s your opinion of primerica? I recently joined it an just got told to join WG from my friend.

I’ve heard of Primerica, I knew people who were in it for a while (and tried to get me into it), most of them eventually quit that company.

In general I dislike the MLM business and naturally I suggest against it. I am sure there are some honest and good MLM companies but it isn’t my cup of tea. I prefer building a business that can generate an income without me constantly trying to recruit new members in my downline.

Hi Alex, do you always erase peoples comments when they state a valid fact that you dont agree with?

No. Comments are automatically deleted if they use profanity or insults or if they promote a product irrelevant to the post. You wouldn’t believe how much spam comments a website could get.

I approved this comment in order to answer it but usually irrelevant comments do not pass the moderation.

There are some good companies out there. When picking a company you need to be passionate bout the product, does it appeal to all types of people, is it a stable company, is it the next trend in business, etc. You can always check direct selling news for info on probably most of the network marketing companies. If you are looking at other companies let me know and would be glad to help.

Hi, I am actually in Wealth Generators, and I learned a lot there…

1.They have an app full of videos, articles and material about financial education and about trader.

2.They have live sessions whit experts about financial education and PIP ROOMS, where I can be in touch with the professionals traders who send to WG the information about when and where inverts the money into Forex and make my own questions…

3.Wealth Generators send the expert’s information to you, call it “Alerts”, across you member acount, so you can sell and buy in forex exchange market and start to generated money without know exacttly what are you doing while you start to understand how to do it by yurself…

4…and i never see that about 1-2 hours per month! Maybe somebody say that for enrroll but if you go into wealthgenerators can be shure about is not like you say it.

5.English is not my lenguage 😉

Tenha um ótimo dia!

Hi Natalia, English is my 4th language so we’re on the same page here 😉

Since WG is so great, how much money have you been able to generate through their “Alerts” is it’s not a secret?

And the promise of No Experience and only 1-2 hours per month is in their intro video. The video has now been removed from their website however it is still on their official Youtube channel, here it is:

I am a successful business person – led a start up to $25M in traditional business model and am now in another MLM and totally believe in the business model if approached professionally and vetted properly. There are some great MLM opportunities and 90% of people fail as in traditional startups. It’s not always the fault of overhype. It’s usually that people get sold as a get rich quick scheme. This is not the fault of MLM but people too willing to pray on people with “dumb money.” Regarding WG, I tried it just for trading and lost money. If you can be available to every trade alert, you can do well. However, if you miss an exit, you can get creamed as I did. They have a Forex system that so far has lost money. Over time, they may get the kinks out, but my guess is their retention rate is in the pits which means members only make money if from enrollments and enrollments of enrollments.

Conclusion: Don’t avoid MLM because of this one and “one of those” should not apply to all MLM’s, but do avoid this one.

Thanks for your feedback Alim.

As I mention in the review there are a few legit MLM companies that actually make most of their income from selling their product rather than recruiting. Unfortunately those are so few they’re pretty much unicorns.

I do agree with you that most of these programs lure people in with crazy promises of easy riches. Like WG states: No Experience Required, Only 1-2 Hours Per Month… and you will be rich. It’s so sad that people don’t raise a red flag right here.

And Forex is another story. Money can certainly be made bit it could be lost even faster and easier. Trading always has a risk and in my opinion trading foreign currencies is pretty high risk.

Thanks for this information and could you please share the names of some of the legitimate company’s that require selling a product that one could maybe consider.

Vegas, pretty much any big retailer online gives you an opportunity to promote their products and receive a commission per sale. For example: Amazon, eBay, Walmart, Toys R Us… and the best thing? They do not charge you a single penny to become their affiliate. Find their “affiliate” or “associate” link, join in for free and get to work 😉

I was offered this today here in Venezuela, thank God I googled it and found your article. I feel like I’ve dodged a bullet 😀 Thank you so much, Alex.

Soliana, I am happy to hear you found this post helpful.

I am in WG, thinking of leaving because the FX Simplifier has proven to be financially detrimental since I started. Yet still, I do not believe this company is a total scam full of evil people trying to trick you into draining your life savings etc.

I appreciate the bluntness with which this review is written. However, you ignore the simple acknowledgement that the people at the top of these companies worked their balls off for their success. Most people who say they want success simply aren’t willing to do what it takes. That only 3% succeed in this industry does not mean it is a scam. It means that 97% either just don’t want it badly enough or realize that it’s not for them, as I have.

Are there dishonest people who use unethical sales tactics to get recruits? Duh of course there are. That is not WG’s fault.

MLM does not equal scam. It is hard work though and you either love love love it or you don’t. That being said, with this company in particular, there are many kinks to be ironed out where the trade signals are concerned but that’s about it.

Thanks for such a detailed comment.

I don’t doubt that people at the top of Wealth Generators work very hard however their income is not generated by trading FOREX but rather by recruiting a constant flow of new paying members into WG.

This is the real problem here. Another disturbing factor about WG is their promise that you will make money with NO experience and investing only 1-2 hours per month! That’s completely ridiculous and.

unfortunately it lures people in. An honest company wouldn’t make such claims as we all know it’s impossible to get rich by doing nothing.

Someone invited me to join WG today, being a sharp person, as soon as I checked out their website it smelled fishy and I instantly realized it was “another one of those”.

Great blog and thank you for spelling it out for the public to see, you have just saved so many people from getting robbed.

Naturally the thieves are going to hate you, just like those trolling comments up there “Oh hey I made so much money or he/she made so much money”, if I’m making so much money I would keep my mouth shut and keep making so much money!

I thank you for taking the heat for the rest of us, Alex!

Thank for reading Louis. There are a lot of opportunities online that will allow you to make good money. A lot of these aren’t a secret but you’ll need to work hard to get to an interesting level of income. However, it’s sad that people fall for claims such as “make a bunch of money by working just 2 hours a month”…

Sooo let’s say I join WG and I start making money. What happen if the company gets shout down or bankrupt? Can I lose the money I supposedly earned?

Gabriel, it really depends on what happens and hot it happens. Many MLM companies that went bankrupt did not pay out their distributors because well, they had no money. If a company gets shut down by SEC or any other authority, they will try to reimburse the investors but often it doesn’t happen.

Great article Alex.

What is your opinion on Amway?

Juan, when it comes to MLM, I think there are very very few legit opportunities to make money, however those unicorns do exist. However, personally I would not touch any MLM, let it be Amway, Herbalife, ACN, Tupperware or anything else. It’s a personal choice.

Hi today 2 friends invited me to participate in WG program, I have watched on their facebook page that they have made per week 800 USD, But let me tell you something First I´m from a town in Mexico City call Queretáro and YES this type of program is now in here and is getting really popular they even have metting and all that stuff in really nice hotel and beaches, I´m really curios about this becouse, one of them a friend from college quit his job and seem to be doing great, but now that read this i´m felling insecure about this, can you explain to me how are they making money if they are only 5 PPL, how are they winning that kind of money if they are only 5.

As all the people I want to make more money, I would like to have my own business as anyone and I´m about to join in so can you please help me and explain to me sorry for the lenguage but.

HOW THE HELL ARE THEY MAKING THAT KIND OF MONEY?.

I just run with you blog awesome to read about this and more been from a different country.

First of all, have you seen the money that they earned or are they just talking about it? Every time I am approached by A Wealth Generators recruiter they promise me awesome results. When I ask them to show me proof of the money they made, they usually say something like: “Well I personally didn’t make that money yet but this guy who got me into WG did, you have to believe him” blah blah blah.

Another thing to think about: if your friend is the very first one to get people into WG in your group, he will be making commissions on all of your membership fees – that’s how he will earn money, by building a pyramid and calling it a business. Google “Wake Up Now” or “MonaVie”, “FHTM”… Herbalife is currently being investigated by the FTC, SEC, and DOJ…

Hey ?, good morning Alex. I enjoyed your blog it made a lot of sense. Recently I joined wealth generators and I sent an email back stating that I wanted to get out. They have this 10 day policy where I could get out with any penalty. I read their terms and conditions and realized this wasn’t for me. Everything sounded to good to be true. Now they sent me an email stating they would refund my money and they wouldn’t take any monthly costs out my account. If this is true great and if I isn’t what should I do?

As you said, if they refund you and stop charging you – great! Keep me updated on this 😉

The 10 day policy you mention is probably state specific as every state (and country) have different laws and regulations.

However if they do not stop billing you and do not refund you, you can probably contact your bank and explain the situation. I have noticed certain people getting some kind of arrangement from WG after doing a complaint on BBB. In any case, good luck to you.

I know two people who are in WG and they both make money through trade and people on their team also make money through. All young people around the ages of 21 and 20. Some even $1200 just from one trade and sometimes $900, one guy even made $1400 on just one trade. Yes they do make residual money too from bringing people in that’s true. But it’s not the only way they make money.

I have been approached by several WG reps on Facebook, through email and even through this blog. Somehow, everyone know someone who knows someone who makes money. Yet the people who praise the “successful ones” always seem to have an excuse: “I just started 3 months ago, I haven’t worked on it yet, I am still learning…”. I have met people making 7 figures per month developing apps, that doesn’t mean I can do it and I see no point talking about what “a friend of a friend of my cousin’s grandmother’s dog” earns. See where I’m going with this?

COMMENT FROM WG VIA BBB BETTER BUSINESS BUREAU IN REPLY TO 1 NEGATIVE REVIEW “Comment from the Business This customer was with us for a little over a month and was fully refunded due to his dissatisfaction. We explain to all our members that trading requires a long term commitment and we ask for our results to be reviewed over a 6 month period. Our trade results remain profitable and fully reported to all our members, each and every trade. Our members can see our full trade history and results at all times. It is unfortunate that this client was dissatisfied but we honored his request for refund immediately without issue. by on 3/14/2016”

So why do they claim “No Experience Required! Only 1-2 hours per month!” and you will be rich… Also a company that promises a refund should just grant one and not wait till everything gets to the BBB… where they kind of have NO choice as to refund. Nothing changes 😉

Cool post it opens up people’s eyes to WG.

Love the blog, would you consider selling it for a xx, xxx. xx figure? Please email me if so thanks.

And no, the site is not for sale.

Is MCA a legit company? Some people say it’s not but others say its legit..I Don’t know which side i should take on this.

I have heard a lot of “not-so-good” stuff about MCA however I have not done my research on them so I cannot give you an opinion on that.

I’m in WG. I’m in a battle with them right now over the 3x moneyback guarantee. One of the co-owners Ryan called, me yesterday arguing with me about my request for a refund. They are going to try and stick to their claims to the T. So far he has offered only my subscription fees of $850. I have supplied my trading history to them. Now they want me to highlight their trades vs my own. I have done that after regaining access once I put in my refund request they had suspended my access for over 2 weeks. I had to send an email threatening legal action in order to get my account reactivated so that I could see the trade history. I admit me and my upline did make some trades on our own in attempts to win some of my $$ back from the losses made by their trades. However, when I went thru and substracted out my personal losses/gains I was up. I’m prepared to fight then to end. Their “experts” have had huge draw downs week after weeks at a time. One way to know when their trades are doing good is to look at how many post you see on Facebook. When you not seeing much trade talk then you know their trades arent winning. They partnered with a co that supposedly has a algorithmic system without a losing day. They hyped it for months and had QG’s hyping it only to roll it to the top leaders only. Most of their top leaders arent really making their $$ in the forex markets. They are making it in recruiting. If you voice concerns about the huge drawdowns you are immediately demeaned and told to stop whinning or so what you lost a few trades. I have already filed a complaint with the AG in Utah. Next if they dont honor their 3x guarantee I will file a complaint with the BBB. My hubby works in law enforcement so we are preparing to go all the way with this. I will keep you all posted on the outcome.

Por favor me envie um e-mail. I am about to enter the same battle. Just want to know the outcome of yours and the process you took to achieve your outcome.

Liked the article. I am part of MLM called advocare. They never promote quick money and the products really do work. They state it’s a simple but hard business. I believe the are doing it right and have been around since 91 I believe. Quais são seus pensamentos?

Unfortunately I am not familiar with this company and have not done any research on it in order to offer any kind of advice.

I do see that they are in a nutrition/weight loss industry and what annoys me a little is that I can’t buy their products directly. Why do I need to become a distributor or find a distributor in order to buy?

You cannot buy directly because the company pays out the commissionn to the distributor based on a mouth to mouth recommendation. Thats the whole idea of this system, buying with his code lets the company know it was thanks to him that you found about this productos.

I understand how the system works and I find that it’s flawed. If the product is good, we shouldn’t be forced to go through a distributor. In affiliate marketing for example, you can go through the affiliate or you can go directly to the source if you think affiliate should not get a commission. Just imagine if you wanted to buy something on Amazon and you’d be forced to find a distributor first – that doesn’t make any sense.

Thats like comparing Apple to oranges though.

I don’t see it this way. If company sells a product or a service they shouldn’t oblige you to go into someone’s downline. This calls for a pyramid and that is a gray area.

So please for someone that really wants to use his computer to make extra quid at home and happens to be a good writer . What can he/she do?

I have lots of friends who are writers and in other jobs but just wanna make something no matter how little through the laptops …where & what can they do please?

In my personal experience, affiliate marketing is one of the easiest ways to earn money from home, especially if you like writing. However, the fastest way to earn an income online would be becoming a freelancer and offer your writing service to others. Check out sites like Upwork, Freelancer, Fiverr, etc, this is where you can write content in exchange of money 😉

Greetings alex. And how do you get paid if you are from countries like Jamaica like myself?

If you are talking about affiliate marketing then you will get paid by check or paypal, depending on a company you work with. Some might even offer direct bank deposit.

Hey man, great post. It explained a lot for me. Got a legit question for ya,

One of the big players for WG is in my general “network” of hometown friends. This is in the SoCal area, and he’s been using traditional sleazy MLM marketing tactics to draw in customers (videos w/ sports cars, jets, travel, etc.) It’s an obvious pyramid scheme, but WG really convinces these kids (16-30 yrs old) that they can make money quick too. This kid is financially retarded though – his last video had him sitting in a private jet, telling the pilot that if he compounded $2,000 at 7% over 10 years, he’d have a million dollars. He also advertises a 73% average yearly ROI for those that follow WG guides (which you know is absolutely obscene). This is all on video, and this guy has around 7000+ connections through WG.

What scares me is that they’re going after 2nd language English-speaking families and teenagers all over California, and successfully robbing them of their money. He posts daily about needing help to take his operation to South America, where I assume he plans on taking advantage of more uneducated, poor people.

Is there anything I could do to help these people? Or just sit back and accept the world is a fucked up place? I mean shit, this is at least illegal advertising is it not?

It’s very sad and unfortunate that many people are very gullible and naive. Over the years I have seen many “internet marketing gurus” promising easy money without any effort and they succeeded in scamming thousands of people. Same thing is happening with many MLMs now: Become a millionaire overnight without doing any work! If it was that easy we’d all be rich.

Every single time I am approached my an MLM (Wealth Generators or any other) rep I ask how much they make and this is when it gets into an uncomfortable silence, followed by: “Well I haven’t made money yet but you should talk to John, he’s killing it!” blah blah blah. Then you send them a link to the companies income disclaimer where you can clearly see that LESS THAN 1% within that company make a good living (top of the pyramid). 90% or more lose money. These are facts and people involved in MLM don’t like talking about these facts. So that’s something you van bring up to them 😉

Well, i am from México, a schoolmate contacted me through whatsapp telling me about this, I think I was asking too many questions because now I am in contact with his “leader” or something, I already scheduled a video chat to get a better explanation, but of course, I have been doing my research in the shadows.

Although Colombia has different rules and regulations from Mexico, this Wealth Generators statement from Superintendencia Financiera de Colombia must be read by as many people as possible. It wouldn’t be fun for people to get sucked into an illegal pyramid.

MLM are more scarier nowadays. They now have this new sneaky strategy claiming ” Making Money without recruiting a single sole”,”trading hand-free without wasting hours on the computer screen”.lol.

“ImarketsLive” is the kid on the block. “GV” Global Visionariez is the Most Popular Team, and ALL the TOP MLM LEADERS are moving in and recruiting like crazy.

wow amazing, congratulations this was really helpful…i have some friends who are joining to WG and they have ALOT of people already recruted… I’ll link them to your post, so at least a few of them could open their eyes… obrigado 🙂

Thanks for reading.

Unfortunately I’ve had a lot of friends trying to get me into MLMs of some sort. None of them succeed making money in the end.

Right now I am in a MLM that is very good, is not pyramid and have more than 30 years on the market and I love it. Because I have been in a MLM for multiple years all my friends that said no they invite me to any mlm they are on, like the WG. After reading your blog I am NOT GOING to wasted my money on WG, I feel sorry for my friends but their want easy money. Alex Thanks A lot for this amazing review.

From Puerto Rico.

Pedro, you have just described the exact issue. People want easy and quick money and there is where scammers deliver incredible promises of riches with in return of no efforts. If it was that easy, we would all be rich by now. The promise of quick and easy money should always be the very first giant RED flag.

this was really helpful..thanx =)

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Hi, Nathan here and you came across my website/blog because you are online searching for a Wealth Generators review and/or to find out if there is a Wealth Generators scam or not…

& # 8230; Well the good news is you will be getting my unbiased review about the company and whether or not Wealth Generators is a scam.

PLUS I will reveal to you the #1 PROBLEM that faces Wealth Generators IBOs when trying to build their business, and will even be giving you the best solution to that problem.

I hope you find value in reading my Wealth Generators review … Apreciar! 🙂

Wealth Generators Review – What is Wealth Generators?

Wealth Generators Review.

Wealth Generators was founded in 2013 by Ryan Smith, Annette Raynor, Chad Miller, M. Arthur Romano and operates out of Salt Lake City, Utah. The company is focused on the financial services, with a primary focus on investing or stock market/forex trading.

The financial services company promotes itself as a “system” for gaining the upper hand in stock or forex trading, investing in education and financial services, to help make your money work for you and not against you. In other words, Wealth Generators is focused on helping you to Find. Crescer. AND Keep.

Wealth Generators promotes their services through the direct sales model with IBOs (independent business owners) to sell service subscriptions, as well as other direct sales memberships.

Watch video below to learn more about Wealth Generators.

Wealth Generators – Serviços & amp; Assinaturas.

Wealth Generators financial and trading education/services for subscribers starts at $49.99 per month (wealth foundation pack), or bundled into different bulk packages starting at $129.99 per month. And also charges, enrollment fees, annual fees, and a fee at the Qualified Generator level to belong to the “Experts Club.”

Qualified “Generators” are what Wealth Generators refer to someone who has an active $99.95 subscription (be it affiliate or customer). There are nine affiliate membership ranks within the Wealth Generators compensation plan.

See the image below to get a quick overview of the Subscriptions (international packages):

Wealth Generators Review – Wealth Generators Scam Claims True?

Is Wealth Generators A Scam? NÃO. The Wealth Generators scam claims are not true. Wealth Generators is a legit company and its business model is around referral based marketing (mlm/direct sales industry). So instead of Wealth Generators paying for advertising, billboards, tv commercials, etc. They pay their IBO’s a commission for helping them get the word out and get new subscribers using the Wealth Generators system. This business model is the evolving into the business of the 21st century.

The reason you may be thinking that there is a Wealth Generators scam or pyramid scheme is because you have heard of or read a review about someone that didn’t make money with the company or using their financial/trading services. The scam allegations come about from IBO’s who don’t find any success in the business or tried the trading services for only 30 days or less without a ROI.

Now keep in mind… The majority of Wealth Generators IBO’s have no skills, prior experience or knowledge of how to run a successful business. So most don’t know anything about recruiting, sponsoring, closing, attraction marketing, generating leads, and building a profitable business (which is not their fault).

This leads to them thinking Wealth Generators is a scam or previous reps end up giving the company a bad reputation because they say the Wealth Generators scam is true… Which it is not!

Can you really make money with Wealth Generators though? The answer is YES, but you need a game plan and marketing strategy in order to generate traffic, leads, close sales, and grow your business/team of customers and IBO’s.

Wealth Generators Review – #1 Problem Facing Wealth Generator IBO’s.

I mainly created this Wealth Generators review for individuals checking into the company because of their interest in wanting to join as an IBO (independent business owner).

The truth is, the majority of Wealth Generators IBOs will NEVER see the success they were hoping or expected to receive. The reason for that is because they don’t know how to build a REAL long term and profitable business in network marketing.

The #1 Problem facing ALL Wealth Generators IBOs is their lack of or ability to generate new leads and prospects for the business. Just like any business, you need fresh target leads and interested prospects every single day.

Without leads you can’t make any money, and without money you can’t build a successful and profitable business. PERÍODO!

Do you want to learn how YOU can get MORE leads, sign up MORE IBO’s, and make MORE money in your Wealth Generators business… Watch The Video Below!

I hope you found my Wealth Generators review article helpful. If you did please comment below with what helped you out the most, along with “Like” and share with others to help them see if the company is a good fit for them!

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Is Wealth Generators a Scam?

Wealth Generators claim they can change your financial landscape for the rest of your life. I have no doubt their philosophy will change your financial landscape for the rest of your life, just not the way you expect. There is a lot they don’t tell you. Keep reading to see the Devil in the details.

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Product Name: Wealth Generators.

Product Website: wealthgenerators.

Product Cost: $99.99 one-time fee, $129+ a month.

Product Owners: Ryan Smith, Chad Miller, Annette Raynor, Mario Romano.

Is Wealth Generators a Scam?

At best, Wealth Generators is an MLM that sells financial advice. As an MLM, it thrives on recruiting people into the organization and requires them to pay expensive monthly membership fees. I suspect the true nature of Wealth Generators is more sinister.

The Wealth Generators website implies they can make you wealthy, but probably the only people getting wealthy are the people at the top.

Is Wealth Generators a Pyramid Scheme?

. . . a pyramid scheme forces its members to pay money for the right to sell a product. (FTC)

Only a legal team from the FTC can determine conclusively if Wealth Generators is a pyramid scheme. The real question is not whether Wealth Generators is a pyramid scheme. The real question is, is Wealth Generators right for you?

When you visit the Wealth Generators website, you will notice that the only thing that is clear about it is the implied message they will help you become wealthy. As you venture deeper into the website, it gets confusing. Scammers use confusion like a surgeon with a knife. Never invest your time or your money in something you don’t understand.

Based on information from the Federal Trade Commission’s website, I suspect Wealth Generators is a pyramid scheme for these reasons;

Wealth Generators recruits must buy the right to sell products and services. While this detail is clouded in guarded language, it is clear a recruit must maintain a specific level of monthly purchases to earn commissions. Some of the financial advice and services promoted by Wealth Generators contradict core investment principles and common sense. Wealth Generators promotes Forex trading. Most people lose money when they attempt FOREX. The Wealth Generators website implies professional financial services, but their description on the BBB states they are only a publisher of financial advice.

A Closer Look at Wealth Generators.

Before you can make money with the Wealth Generators compensation plan, you must maintain a specific volume of sales, including personal volume, or PV, which means you must buy the products and services before you can earn commissions from selling them.

Wealth Generators’ products and services are expensive, and the compensation plan is confusing. It will probably be very challenging to find people who would buy it.

One of the methods Wealth Generators promotes for creating wealth is FOREX trading. This is madness. In the Wall Street Journal, Joshua Brown, vice president of investments at Fusion Analytics Investment Partners LLC, an asset-management firm in New York, had this to say about FOREX trading:

“I think individuals should allocate zero dollars to currency [FOREX] trading. To go to an online brokerage and think you’re doing anything more than gambling is foolish.” (WSJ)

On their website, Wealth Generators presents themselves as professional financial advisors with some privileged insight into the markets. However, on their Better Business Bureau entry, they describe themselves as simply a publisher of information.

This company offers Financial Education and Trading Strategies – we are classified as a publisher of information …, Additionally, our clients may refer others, and they are compensated for bringing others to our program. (BBB)

The Last Word on Wealth Generators.

Wealth Generators is a very expensive way to try to build wealth. Paying $129 or more a month to learn how to live on a budget is like burning down the house to pay the mortgage.

If you are interested in creating wealth, read books on budgeting, personal financial management and value investing. Investing comes after you have learned to live on a budget and after you have saved enough money to see you through emergencies. See my article How to Invest.

Creating wealth begins with managing your money, living on a budget, and only investing money you won’t need.

Paying monthly fees to be a member of Wealth Generators and chasing after your friends to sell them memberships will not make you wealthy. It will make you broke and lonely.

The best investment you can make is to invest in yourself. That’s as close to a sure thing as you will ever find.

Another good investment is to create your own business. An online business is affordable and, with the immense leveraging power of the internet, it can pay phenomenal returns. However, it does require patience, commitment, and proper training. If you build an online business around something you enjoy, it’s fun, AND it makes money.

If you would like to learn more about creating an online business the right way, I recommend you enroll in the FREE Online Entrepreneur Certification Course.

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Algo deu errado.

Mr Bright Okwukwe N. says.

Hello, Mr Gary, someone just introduced Wealth Generator to me, right now he is persuasive i join, what is your kind advice, because i lost a huge chunk of money two years ago on MLM, ofwhich my wife keeps reminding me of the previous events, which keep hunting me not to take further steps on online business. I will appreciate your kind advice either to join or forget about it.

Awaits your response.

Gary Horton says.

Unfortunately, Wealthy Generators is not the opportunity it pretends to be. I would advise that you cut your losses and not give them another dime. I’m sorry to hear you wife keeps reminding you of your past experience with MLM. That can be very damaging to a man’s confidence. The fact you have tried MLM tells me you are willing to take a risk to improve your life and the life of your family. That is an honorable ambition. No one gets it right the first time. Every successful person I know failed many, many times on their way to success. It’s part of the learning process.

I once lost $2,500 on a scam. I know people who have lost hundreds of thousands of dollars because they trusted the wrong person. I even knew a man who lost $15 million! I asked him if that hurt and he said, “Every time I have to go to work.” Before he died, he earned that back and more.

I’ve tried four different MLM companies and do not recommend any of them. MLM is a highly inefficient business model and ripe for scams and exploitation. At best, when you join an MLM, you are forced to build a business inside a business. You are essentially doing the marketing for the MLM for free. Even if you are the best of the best and the highest earner in the MLM organization, they can take it all way from you in an instant. It’s not yours.

You would do much better to build your own online business outside of any other organization. That way you will own it and control it. There are countless opportunities to make money online as an affiliate and it doesn’t cost much to get started. I recommend you enroll in the Online Entrepreneur Training. It’s free and I teach some of the training.

In the free training and the training after it, you will learn valuable skills to build an online business you own, and you’ll have abundant support. There is no reason to spend a lot of money to learn how to succeed online.

Mr. Bright O, I’m sorry I did not see your comment until today. I appreciate your patience.

Thanks for stopping by,

Gary, I agree with you that Wealth Generators is a scam.

But real MLMs are not a scam. How could they be one? They are selling products to customers and if you are good enough you can build up a huge organisation.

To be honest a big amount of people will fail to build up an organization in their company, because they do not have the skills, the workethic or even the willingness to succeed hard enough. Guess what you have to fail a lot to stand up from the rest. It’s in every business model the same.

What most MLMS do they only promote building up a huge organisation, let’s say recruit as many as possible.

I for myself I want real customers, if anyone wants to build up a business with me, sure I will help them, but real customers are where the money is at.

You can earn A LOT more money with 1000 customers than with 10000 partners. Because 1000 customer will buy the product every month, 10000 partners only thrive for the money, so they will not even buy a product if they do not make money within the company.

THERE WILL NEVER EVER BE A SUCCESS WITHOUT FAILING SO HARD YOU CANNOT EVEN TALK ABOUT IT..

IT’s like the phoenix, the phoenix has to burn to rise.

Gary Horton says.

I appreciate your comment and for reminding us that failure is indeed part of the journey to success. An internet marketer I respect recently told me that we should expect to fail and I have to agree.

However, I do not share your perspective on MLMs, even if technically they are not scams. The business model is inefficient and even if you succeed with it, you have built a business inside another business which someone else owns. An MLM can always change the rules, steal your downline and boot you out. Read the terms of service/earning disclaimer for any MLM and you’ll see they reserve the right to destroy their distributors. It happens with consistent regularity in the industry. The history of MLM goes back fifty years and the path is littered with the ashes of ruined lives, relationships and finances.

Thanks for stopping by,

MLM schemes seem to be everywhere and their marketing is so slick and deceptive people will always fall for it (including me).

I still don’t understand what kind of service wealth generators are supposed to be providing other deceiving people into handing over their hard earned cash.

Wish the FTC would tighten regulation wth regards to these sorts of business models. MLM business have been known to ruin relationships and family ties.

In the past, I tried several MLMs and only lost money and a big chunk of my life. They sell the dream but only deliver heartache and frustration. Unfortunately, the internet has created an environment where MLMs can get away with marketing nothing, such is the case with Wealth Generators. I write about MLMs in my article The Heartbreak of MLM.

You are so right. MLMs can ruin relationships. I’ve seen it happen too many times.

I’m not sure why the FTC hasn’t done more to crack down on MLM/Pyramid schemes, but have read that this scheme pop up so easily the FTC is outnumbered. Also, there are law firms which specialize in defending MLMs and delaying persecution for years.

The answer, I think, if for us to learn to see past the dream these organizations peddle and to spot scams long before we fall for them.

Thanks for stopping by,

Yunier Gonzalez says.

Another MLM scheme for the record books ! It’s so crazy how companies don’t get tired of this type of marketing. You are right , paying $129 just to learn how to survive bill by bill. What are some good MLM if you know of any ?

I personally prefer affiliate marketing but hey i’m always willing to try new ventures.

Hi, Yunier Gonzalez!

There are no MLMs that I would recommend. An MLM is a pyramid scheme that has been dressed up enough to make it legal. The reason we see so many MLMs on the internet is because they are highly profitable for the people at the top.

MLM is a failed business model. All of the expenses are pushed down on the lowest levels while the profits are funneled to the top. The chances of making money with an MLM are remote for most people.

MLMs sell the dream of financial independence. It’s a false promise, but many people fall for it. I did at one time.

I agree with you, affiliate marketing is a much better way, but it requires commitment and patience.

Thanks for stopping by,

I’m glad this website is looking out for consumers. There are many opportunities to make money. I looked for a while before I found the right opportunity. One opportunity can open the door for another opportunity. The more you work every day, then you can be successful. Nothing comes for free, but, with effort and perseverance, we can be successful.

You are so right. Success in any endeavor requires commitment, patience and sustained effort. The biggest difference with online success is that because of the awesome reach of the internet, it can be phenomenal and life changing.

However, it won’t happen with Wealth Generators or any MLM. That is a failed business model.

Thanks for stopping by,

Hi sir..thank you for this update..prior before now..I have never heard of scamavengers until I stumbled into it now…Good a thing is that I was scheduled for a seminar with wealth generators tomorrow. But After reading this…I have changed my mind about them and about forex.. Mean while the person that introduced me..talked about leverage in forex..that its will help novice like us to excel in forex trading.. Pls what’s your take out this? Thnk u sir.

Gary Horton says.

I’m glad I could help. I DO NOT recommend FOREX trading either. It’s high risk and definitely not the place for a newbie. Investing is about SAVING money and putting it to work. Spending and hoping you’ll get lucky is not investing.

If you want to make money online, start an online business. The Online Entrepreneur Certification Course is a great place to start and it’s FREE. If you want to invest, please read “The Only Investment Guide You’ll Ever Need” by Andrew Tobias. Be sure to get the most recently updated version. It’s about $10 on Amazon. It has a lot of resources in it about how to invest the right way.

Monica Bouteiller says.

I’m definitely not a fan of MLM’s and I don’t like to see people get scammed. You’re absolutely right when you say never invest in something you don’t understand. I think a lot people fall for this still.

So if I were to sign up (I won’t be) I would have to keep a certain volume of sales, recruit people including maintaining my personal volume.

I just quit something very similar to this. It was very difficult to maintain my personal volume every month. I really like the product. BUT… I was accumulating a lot of inventory even though I was able to sell some but not all.

It finally became too stressful just to maintain my personal volume. I’m not good on chasing after my friends and family…

I’m very glad I read your article on Wealth Generator and certainly will pass this information on. Obrigado!

Schemes like Wealth Generators know their business model is unsustainable for most people who will either run out of money, credit, energy or time before they see the first glimmer of success. Any business model that requires you to chase after people is a failed model. Inherent in such a model is the recognition that the product has no value.

If the product had value, that is it actually solved a problem at a fair price, you would not have to chase after people. You would only have to find the people who have the problem that the product solves. I had to learn this the hard way by struggling with four MLMs over the years.

Because schemes like Wealth Generators knows most of their members will drop out in the first couple months, they charge outrageous upfront fees and expenses. In other words, they squeeze all the money out of the newbies. This is a predatory practice and has the effect of shoving all of Wealth Generator’s business expenses down to the newbies and funneling all of the profits to the top tier. You can’t win unless you’re at the top.

Thanks for stopping by,

I personally like the fact that you placed you affiliate link within the first paragraph. The next thing, which is personal to me is images being linked…I like that! You’ve done a very good job and I took notes on a couple things! Keep up the great work and to your continued success!

Thank you GreenAkers!

Tyler arteberry says.

Have you heard of etoro? I’m curious of your insights on that !!

Gary Horton says.

I’m not familiar with Etoro, but I did take a look at their website and read their disclaimer. While the Etoro website is exciting, their disclaimer reminds you that the products they promote are high risk. Another issue I have with Etoro is that it appears to recommend following the crowd. In my experience, this is the last thing you want to do when investing or trading.

Speculative trades, like those promoted by Etoro, are not investing. These sorts of markets were created to give the large trading houses and hedge funds a massive advantage. However, for the big traders to win, they need thousands of small traders to lose. That will be your role if you trade in the speculative markets.

Because of its speculative nature, I would never recommend Etoro.

Before you put your money into anything online, I encourage you to study money management and value investing. There are books available. Also, Great Courses Plus, has a brilliant course called “The Art of Investing.” That would be a great place to start. You can find it here: thegreatcoursesplus/explorelp.

Esti Allina-Turnauer says.

I agree with you that people would be better off paying an advisor than putting their hard-earned money into some MLM scheme, but it’s important to know how to choose an advisor. They’re not all made the same, or necessarily put their clients’ primeiro interesse. It would be better advice to refer people to a FIDUCIARY, and not an ‘advisor’ who may be a broker who earns commissions by selling their investment products. A fiduciary is legally bound to put the client’s interests first – like a doctor or accountant, or lawyer would. A fiduciary charges a fixed fee. Be sure to ask questions before hiring an advisor to make sure they are serving your interests. Tony Robbins just released a book that includes info about this. Here’s a video about what a fiduciary is: youtu. be/rh4kNz0_e_w . All the profits from the sales of his book go to fulfilling his mission to feed a billion people. Espero que isto seja útil.

Gary Horton says.

Hi, Esti Allina-Turnauer!

Thanks for reminding me about fiduciaries. You make a tremendous point. I agree a fiduciary would be a better choice. And, yes, many so-called financial advisors are actually sales people. The Tony Robbins video you recommend looks promising. Mr. Robbins nails the fundamental problem when he asks, “Who can you trust?”

Thanks for stopping by and for your valuable contribution to the discussion.

Esti Allina-Turnauer says.

Thank you for your article. I’m not sure it’s fair to say that FOREX is the same as gambling. It is if you’re not educated. I know many people who make a very good living trading FOREX. In any market, you have to be knowledgeable, and get your emotions out of the way. WG has an auto-trading system for FOREX that supposedly have a very high profit rate. Eu não sei. I am not a member, though I considered it. I’m very wary of any of these investment programs that are also an MLM. My thinking is if the program is so profitable, why would you need the MLM to make money on it as well. It would have more credibility without the MLM part. I’m been in MLM, but am so done with it.

Gary Horton says.

Hi, Esti Allina-Turnauer!

Thank you for your insight into FOREX. I have several issues with FOREX, although as you mentioned if a trader is knowledgeable there may be money to be made. The same can be said for the game of Black Jack where there is a slight advantage to someone who can count cards and is knowledgeable of statistics, but for most people, Black Jack is gambling.

I cannot imagine an experienced and responsible investor recommending FOREX trading to an inexperienced investor. And, as you also mentioned, why encumber an investment strategy with MLM? Like you, I’ve tried MLM and I’ll never do that again.

Thanks for stopping by and sharing your valuable insights.

He think he Has the member Fee for free every month because.

He think His money get more four percent every month. And he think he can Pay the membership from 4 percent. He think also He can recruit New members and get a passive income.

I said to him His money will get Burned.

What Do you think about it? Sorry for my english.

Gary Horton says.

Your friend is taking a huge risk to just earn 4%. I think he will lose his money if he gets involved with Wealth Generators.

Again, I highly recommend that he gets the advice of a licensed investment professional before he commits his money to Wealth Generators. Wealth Generators has your friend emotionally stirred up and excited about making money. His decision to join Wealth Generators is an emotional decision. Decisions based on emotion rarely end well.

Wealth Generators uses emotion to trap people.

In any potential investment, it is essential to get as much information as possible and to consult with as many knowledgeable people as possible. The cold hard facts of investing wisely are never as attractive as a charlatan’s outrageous promises of getting rich. However, the wise investor must keep his emotions in control and choose a calculated path of reason.

A fool and his money are soon parted. Wealth Generators is playing your friend for a fool.

I strongly encourage your friend not to be a fool and to consult with a licensed investment professional before giving his money to Wealth Generators.

Please keep me posted.

A friend will Pay wealth Generators 10000 Dollar What Do you think about it? Will His money get Burned down?

Gary Horton says.

Yes, I’m afraid your friend will indeed lose his or her money if they give it to Wealth Generators. Please ask your friend to read my article on Wealth Generators. For $10,000 your friend would do much better to consult with a licensed and certified investment advisor.

Wealth Generators is an MLM. They are not licensed or certified to advise people about investments. Like most MLMs, Wealth Generators sells the illusion of wealth and uses greed to trick people into giving them their money.

Obrigada por apareceres. Please keep me posted about your friend’s decision.

Thank you for your work in helping to shine a light on scammers!

Gary Horton says.

Obrigada por apareceres. I’m pleased you found my site helpful.

hi gary. to me it sounds a bit like a pyramid scheme. over $100 per month is way to much. I hesitate to pay $30 per month. I have looked into FOREX before, a long time ago. I even have an app that I have had for at least a year and have never used it. i know in order to delve into FOREX, you should really be an expert. I am nowhere near that. I will not be using that app.

when someone says they will make you wealthy, unless you are an expert in the field of FOREX, i strongly believe that will not happen.

Gary Horton says.

Concordo. Building wealth begins with financial management. This means learning to control spending and saving a large cash reserve. FOREX is speculation at best and based on the different value of currencies around the world. The big players in FOREX are the hedge fund managers and money managers for large insurance and pension companies.

These guys trade hundreds of millions of dollars a day and have the fastest, most up to day computers. A small trader will always be behind the big boys. The FOREX market is organized so the small trader keeps the market liquid so the big boys can make all the money. All the hype about FOREX is to keep drawing the suckers into the market.

Thanks for stopping by,

I appreciate you thorough review of Wealth Generators. You mentioned Wealth Generators promotes FOREX trading. Does FOREX mean Foreign Exchange Trading? Why do you say FOREX trading is speculative? I thought a lot of people were trading in FOREX and making a lot of money. What’s wrong with Wealth Generators being an Multi-Level Marketing Company?

I have several issues with Wealth Generators. It’s an MLM that sells the dream of wealth, it’s dependent on recruiting others, it costs a lot each month just to be a member, a member must buy in at a specific level before they can sell that level and earn a commission and Wealth Generators promotes FOREX.

If a person is interested in investing and creating wealth. They need to approach investing and wealth creation with a clear and unemotional mind. Jazzing someone up emotionally on dreams of wealth like Wealth Generators does is all about selling something of questionable value. That’s the strategy of pyramid schemes.

MLMs are dependent on recruiting. An MLM is an inefficient business model that funnels money from the bottom of the organization to the top. If someone joins Wealth Generators they created a monthly bill they didn’t have before. That’s not investing and that is not creating wealth.

For the cost of membership into Wealth Generators a person could meet with a licensed financial planner once a month, subscribe to several investment newsletters that have been around for 30+ years and still have money left over to invest. And they would not be pressured to recruit others into the organization.

A licensed financial planner will never recommend FOREX. FOREX is not the place build wealth. It’s too speculative. Small investors are fed into the market to keep it liquid for the large investors. FOREX trading can also be addictive. Addictive behavior combined with your finances is a train wreck waiting to happen.

The first rule of investing is to preserve the principle. The principle is the money you start with. This is assuming you have already built a foundation of living on a budget and have a large cash reserve for emergencies and extra money to invest that you will not need for a long time. From that point, a wise investor will look for opportunities to invest and will assess each opportunity according to a calculated risk.

When it comes to investing the moment emotions are involved you are lost. This is why any so-called investment opportunity that excites and stirs the emotions is not a legitimate investment.

Thanks for stopping by,

A lot of work and information you did a great job, I did not have any clue about scam avenger but it is clear now.

Went through your website and it looks great.

Hope to see more on the upcoming days, will follow.

Take care, keep up the good work.

Hi and thanks for stopping by.

I appreciate your kind words about my website and Wealth Generators Scam post. I started ScamAvenger two years ago after getting scammed. As a copywriter, I should have seen it coming. Now, ScamAvenger is a my mission to warn others.

After viewing your website and reading the information you presented on MOBE brings the darkness into the light in other words, I joined MOBE in which cost $50 to begin the 21 step process. I made it to step 6 and that’s when the coaches wanted me to invest in their software which also cost approximately $3,000. The funny thing is this…I have not heard anything else from anyone in almost a month. Yes, I agree that it is nothing but up-sales so the actual scammers can take your money. I appreciate the warning in addition to the information you have provided regarding MOBE.

Thanks for sharing your experience with MOBE. I’m glad you saw where it was taking you before you put more money into it. Losing $3K would hurt.

As you discovered, MOBE is all about getting your money.

Thanks for stopping by,

Your site is one of my favorites! I always check first the reviews of any platform that I plan to join before hopping in and ScamAvenger is the one site I always go to.

I am very interested to try FOREX and I have completed a free online course from babypips. It looks to me that FOREX is good until I read this blog. Maybe Wealth Generators is a scam but FOREX is still worth trying, isn’t it?

And by the way, have you got any updated article about FOREX? The link opens an article that was published in 2011. Maybe a lot of changes has taken for FOREX since then.

Looking forward to hear your advice soon.

I’ll write a more detailed article about FOREX soon. To be clear, I do not recommend FOREX for anyone. Getting small traders into the FOREX market is a strategy to fund the market so big traders with super computers that make thousands of trades a second can make a ton of money. At best FOREX is speculation. It’s not investing.

Thanks for stopping by,

Olá. My name’s Geoff and I had to jump in and comment after reading this article. I first want to say thanks for the warning. Thanks for taking the time to build a website that reveals money pits like Wealth Generators. There’s other great info here too such as FOREX trading. I wasn’t very aware of it and will have to take a closer look. I like your practice of comparing the onsite advertisement to the one they list on the BBB. Funny how different they are. Well I was confused about Wealth Generators just like you said. I’m going to take your advice and avoid them.

Thanks for joining the discussion. Yes, unfortunately, the overwhelming information on the internet about FOREX is nothing more than sales pitches. It’s very lucrative for the affiliates pitching it, like Wealth Generators, but FOREX is nothing but a black hole of financial loss for the people who actually tried to make money with it.

On the front end, Wealth Generators appear to say all the right things, but dig a little deeper and you’ll see it’s just a pyramid scheme.

Thanks for stopping by,

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Oi! Gary Horton here. I've had a lot of adventures in my life and worn many hats. I've been a Green Beret, Army Ranger, intelligence officer, copywriter, and novelist. My novel, Some Glad Morning, a love story set in the Old South, is available on Amazon. I hope to have a second … Consulte Mais informação.

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