World Financial Group – Scam?

Why do you keep getting pulled in to these pyramid schemes?

My sentiments exactly.
Know what sucks? I’m surrounded by them. And being involuntarily sucked into it. :@ argh.

Hubert The Great Hubert Humphrey wants to sell Middle America loads of gimmicky, high-cost investments through an army of part-time brokers. The scary part: It’s working.

http://money.cnn.com/magazines/moneymag/moneymag_archive/2000/05/01/278258/index.htm

I found this on CNN’s website

I know a few people in similar rackets. They’re some of the loudest, most obnoxious, and pathetic people I know. Stay away!

Love the BMW observation.

Also, you’re getting some interesting Google Ads on this post. Herbalife in particular. I went to a conference a few years ago and the next group to use the conference centre was these guys. Very slimey and cult-like.

I want to find good pop music. Help me please.

Hei guys,

You know what bother me the most to this kind of people who complain about something they even didn’t try it, and they think that they genius to figure out right away? It’s exactly the most obviously thing in this world: All Corporate America and Canada execute their business exactly in the same way: You have a Corporate Head, then you have several people under him, and so on , and guess who does the work, the bottom people, and guess who gets the most pay – the top few people. But nobody complains about it.

If you want to work exactly the same job for American Express, or Bank of America , or some other financial service company in America or Canada or anywhere else in the world, you will need to do the same: put a list of 100 people on the table, you get a daily quota of 500 cold phone calls, etc… and get paid less that WFG pais you for the same thing. If you don’t like to bother your friends or relatives, no problem with recruiting them, you don’t need to do it, you can just sell by yourself and get paid for it. You want to make more money, you recruit some people to help you, not anybody you find on the street or in the family.

This is not for everybody out there, as not any other job is not for everybody. If you don’t like to talk to people and educate them and eventually helping the to buy from the company that you represent any of the financial instruments they offer, no problem. There are so many jobs waiting for you. But if you like to help people and you like to relate with them it’s worthy to give a try, but be open minded and ready to change your work attitude.

In rest, if you work hard, you get rewarded, if not, you get disappointed and murmur all the time. But it’s all your fault for any flailing in this business.

I submit to you to be honest and don’t blame a company which is highly appreciated by the big names in this industry: Transamerica, New York Life, Fidelity, AEGON and so on.

Best regards,

Dan

Thanks Anton….
i just got escaped from this scam after seeing your comments…thanks for your efforts to let others not getting cheated….i never likes this pyramid scheme…i was approached by quixtar, and primerica…i escaped….all fraud organizations..

Check out December 2008 issue of TIME magazine..World Financial Group slogan “No Family Left Behind” was on there…does that tell you anything??

@Prettyboi, I am not sure what point you are trying to prove with merely a slogan.

I just went to one of their meetings. The whole meeting to me was so fake,fabricated, and artificial. They made lame and corny jokes and took shots at your jobs. They pretty much implied that if you don’t work for WFG then your current job sucks because working at WFG is like working with your family, they all appreciate you so much-yeah right-and other jobs don’t. Each of their “advisers” used the same old cliche story of having nothing to having everything by working for WFG.

I don’t know why you call it a scam, we are the ones paying for things we shouldn’t have to! you know how much you can save on taxes?! and the life insurance, you need that and I havn’t seen any like this before! it is crazy and GREAT!
this job isn’t for most people, but if you are in a place where you want to help people to save and get out of debt and pay little or no taxes at all that this is for you! you others can get back to your cashier job!

I was pulled into this the office is in long beach CA. I was disappointed on how I was scammed into this from a old college friend. She was moved up yo MD this weekend. She sent me this picture of her certificate (It was cheezzy looking). I haven’t been to a meeting since. Total Scam

I find it so funny how people think this is a scam, get rich quick deal, or “easy money”. Never have I heard anyone from WFG say that you will get rich quick. Quite the opposite. I have been told it will take years and lots of hard work. A “pyramid scheme” is not what is described above. Those schemes are illegal and offer no product or service. WFG offers several quality products for investing and insurance. Many many people make well over $100k a year with WFG and it’s legitimate. They work hard, talk to people to build up a client base, bring people onto their team to coach and mentor them to succeed, and help a lot of families in the process.

You know, everyone thought REMAX was a huge scheme when they came along too. “What, you mean to tell me that ANYONE can just come along and sell properties with someone traiing them?!” Now they are all over the place. Read the REMAX book.

You do not have to “bug” your friends and family to buy products from you. If you want to talk to them about what you are doing with WFG and they are interested great, and if not, that’s okay too. Maybe it’s not for them but they know somebody who could really be helped. The best part is, the person who brought me into the company (and I am very thankful for it) has people calling her all the time for appointments. She’s not bothering any friends or family. I’m not either. Maybe it would be more productive if you talk to people who are successful with a company and can give you the real facts on what they do before writing a negative article about it. WFG is not for everyone, but it most certainly is not a scam.

I also find this funny as someone who is a part of this company. People are so quick to judge and think they know everything!

Besides the fact that if you work hard and put a lot into it you can become very successful. The knowledge you acquire about money and how to take care of you and your Family is the best. I have met so many great people with WFG and there not scammers there people trying to help other people.

So anyone reading this page DO NOT let this be the reason you do not stick with it or stop going. Use the knowledge they give you to better your own life if nothing else.

Hi Anton,

I don’t usually introduce myself by stating my credentials but

because of the air of arrogance that surrounds you and your blog, I

am compelled to do so- so I may get your attention.

First, I am a 28 year immigrant from southeast-asia, came here

about four years ago. Like you, I am also a geek. I design and

develop websites and earned good amount of money doing it (even

though it’s just my sideline). My roster of clients includes

litigation lawyers, politicians, musicians, business owners,

artists, so on. My other sidelines includes radio shows, graphics

design and webhosting. But by day, I work as a VIP Software Support

Specialist for FIDELITY INVESTMENTS. I am not going to post my name

or my websites here due to obvious reasons but just let me know and

I will disclose it to you privately.

I find it amusing how you claim that you “FIXED” WFG’s wikipedia

page for citing their industry partners. Again, I am a Fidelity

Investments employee and I can verify the existence of these

partnerships. I know people from TD Mutual Funds, Franklin

Templeton Investments, IA Clarington Investments, AFG, etc who can

also verify this. Let me know and I can arrange your one-on-one

meeting with them. One question for you Anton- don’t you feel

ashamed for editing their page just based on your assumptions and

without even doing your research? That is a very reckless behavior.

And you’re looking for a job, right? May this post serve as a flag

for your future employers.

I am personally not connected with WFG but my mom is one of their

clients (just a client- not an agent). WFG helped her pay off her

mortgage (take note that we’ve been here in Canada for four years

only) and now in the process of buying her second house (just for

the record, I live in my own house). They helped her setup her

investments and now her money is basically working for her instead

of sleeping in the bank. They helped her with a comprehensive

budget plan and also helped her with her tax refunds. They also

helped a friend of mine who owns a bar, restaurant, and a recording

studio get their finances in order.

That WFG agent has also become a personal friend of mine. You wanna

see BMWs, customized Mercedes, mustangs other luxury cars and a

mansion that belongs to a guy who used to work in a poultry

factory? This is your guy. Respond to me and I kid you not, we will

make the meeting happen so you can see for yourself. He’s also a

financial genius and can help you with your financial woes- free of

charge.

Anton, you are a 24yr old job seeker who probably still lives with

your mom and you have the guts to call WFG a scam. WFG have helped

a lot of people and families that I personally know- not just

ordinary people, People who have built their name and reputation

here in Toronto. People in the finance industry, IT, medical,

management, even music and recording. Do you think these people

will partner up with a scam? Do you know anything about Canadian

law? Then you must know that any kind of pyramid scheme is illegal.

WFG will not survive here if they engage in illegal activities.

I am challenging you to meet with us in debate that we will publish

online. No editing.

So I am not a WFG agent but why am I acting this way? #1 Because

the company that I am working for have a good relationship with WFG

and #2 Because I am sick and tired of n00bs like you acting like

they know everything but the truth is you are just a tiny worm

scratching the surface of the real world.

Think before you talk.

Regards,
jpg
i.am.toronto@gmail.com

***note to anyone reading this*** I will be monitoring this thread so if you’re an accountant, a financial guru, etc I also challenge you to have a one-on-one discussion with my WFG agent friend and check out for yourself if this is a scam. The debate is on!

Anton you just got your butt handed to you. Small people thinking= small people results and income. One of my best friends’ aunts owns a WFG cell, and she makes around 30k/month.
But you have fun working in your 8×8 cubicle for the rest of your life. I agree with Dan, jpg and the others- im sick of people that talk smack about things they dont even know about.
Same goes with whomever said amway is a scam- you idiot!!

When you interview for a company, one of the most important things is first impressions. The company is trying to make a good first impression on the “potential” employee, so that they want to work there. The “potential” employee is trying to make a good first impression, so that they will get hired. This was my first impression, which I am entitled to.

If you do not like it, then I don’t care. I write what I see, how I see. Perhaps if they had shown a higher level of standards, rather then accepting any person off the street, without seeing any credentials, then sure I’d have a better opinion of them. If they hadn’t assumed I hated my job, and only cared about money, perhaps they could of convinced me further. Perhaps if they actually had nice cars to back up their claims of success, then I’d lend them more credibility. Perhaps if they had not tried to scam my parents in the past (2nd mortgage at the age of 60?! Insane!) then I’d be less weary of them. But none of that happened.

I love my job. I do not care to become a salesmen. My butt did not get handled to me, because I simply do not care. Everything “jpg” said was the exact same stuff they told me when I went to the meeting, “WFG will not survive if they engage in illegal activities”, I think the real reasoning behind it, is “its legal, until we get caught”.

WFG can shove as many “success” stories in front of my face as they want, but here’s the facts. There’s thousands of people working for them, but not everyone is amazingly rich at their company. Only a select few. This is what makes people believe it is possible. But like any job, only the best get to the top.

If WFG was strong and legit enough, then these words would bear no affect on the opinions of those who read it. But its not. Hence people keep searching for “World Financial Group Scam”, and keep turning up on this page.

This is my opinion. Anyone is able to read it and take what they want from it. I will not defend it any further or dabble in a frivolous argument on the internet, because my mind will not chance.

I won’t delete any comments, because I believe that people should be smart enough to make their own decisions. So feel free to comment as much as you want. I’ve already made up my mind.

Thomas Alva Edison was called “addled” by his teacher. So much for first impressions, eh?

“Its legal, until we get caught”.
If you’re so smart, could you please name at least 1 (that’s right. Just one) illegal activity that WFG is engaged in.

You said: “There’s thousands of people working for them, but not everyone is amazingly rich at their company. Only a select few. This is what makes people believe it is possible. But like any job, only the best get to the top.” — dude, you said it yourself- “like ANY JOB, only the best get to the top.” You contradict yourself. I give you over -9000 rock points. WFG is NOT a get-rich quick scheme and it is not for everyone. It requires knowledge, dedication, and open mindedness (you fail on all points)

People search “World Financial Group Scam” by the same token people search for “Google/Microsoft/Apple is Scam/Evil”. So you’re point is??

Even Stephen Hawking changed his mind on the digestive habits of black holes- something that he worked on for so long. But not you Anton- you already had made up your mind and nothing’s gonna change it *chuckles* So good luck to you Anton Nguyen- you will never amount to anything.

jpg
i.am.toronto@gmail.com

I was at first a huge very resistant into letting my friend try to set up a plan for my family. But after I saw what they could. I went and talked to everyone I could and try to find a better product for my situation, and I couldn’t they have changed my life forever. I am on my way to financial independance.
They have huge partnerships with well-known companies such as TD Canada Trust, Equitable Life, Aegon so on and so forth.
The reason why they are always looking to recruit.. another question I asked them being a skeptic, is because of the growing demand for is. They go after middle income families (”No family left behind”) because they know that those are the people who need the help the most. The baby boomers are retireing soon and alot ALOT of them are going to be financialy dependant. Which is not good, at all. To supply the demand and to get the word out that help is out there for people who don’t think that they can get it. There needs to be another 200,000 people recruited.
Next time go into it with an open mind. Or at least research it a little more before you go out and make yourself look pathetic with your silly little blogs.