ARE YOU REALLY PREPARED FOR INSURANCE or MLM BUSINESS?
(Are you a fresh grad who end up getting a dead end job where you're working to make SOMEONE else rich?) It looks long, but does it hurt to open your eyes to another point of perspective? Read on ....
Looking at an innocent fresh young grad that dreaming to become a millionaire is being lured into an Insurance and MLM business by a pretty young direct seller makes me thinks of my past. Everyone wants to become a millionaire, or have a better living, a luxury car and a bungalow. Specially the freshly young graduates, eagerly to achieve a classy status might be the main drive for them to join into a GET RICH QUICK SCHEME. Due to some influences from Robert Kiyosaki’s series of books, since college I have been Dreaming of becoming an entrepreneur, becoming a millionaire, care about my own business, having a better living for me and my family. As soon as I graduated, I was introduced by some friends about Insurance and direct selling (there still weren’t any fancy words like ‘network marketing’ that time, and now they even called themselves ‘ENTREPRENEUR’ :-D), where you were told that you could make millions as you join the business, and you can work Full-time or part-time and very flexible hours (oooo, sounds tempting).
Yes, I won’t deny that Insurance or MLM business can make you a fortune, gives you a better living. In fact, since the introduction of Insurance and MLM, it created lots of millionaires around the world, and they always say its a PROVEN CONCEPT. The question comes to whether if you are prepared for it yet or you are suitable for it . I have joined and tried a few and personally, I THINK NOT EVERYONE BELONG THERE unless you have right connections and the skills. So don’t hesitate to quit before wasting your time for years. It may just not your cup of tea. So before you join, considered these sacrifices:
1. Are you prepared that your friends/ families (specially your closest ones) will reject your offer, and start running away from you.
2. Are you able to tolerate the overwhelming and unnecessary SPIRITUAL style of motivations ceremony held weekly, everyone is like a hypnotherapist continuously brain washing you again and again, persuading you to become the next HYPNOTHERAPIST. (You will hate this the most, but you can’t deny their determinations and passion. I salute)
3. Are you willing to go all out, LEAVING your VALUEABLE CAREER and SKILLS behind and make a fortune in this field. (In order to succeed in Insurance and MLM, I suggested you go all out focusing on what you should do, where else you will not go anywhere)
4. Are you prepared to work your entire life with Insurance and MLM? (MLMers will tell you that you need not work when your network is established and you will be earning a passive income monthly. and I DON’T THINK that is entirely true. There is no free lunch in this world. No matter which level you have succeed in Insurance or MLM, you will still need to work for it. And it is NOT easy)
5. Are you prepared to take the blames from the person you recruited under you when things gone hay wired or you quit half way. (If you have caught in the most recent Get-Rich-Quick Scam such as you might feel the pain in the ass)
6. Please get your family support or a mutual agreement, your spouse specially. (I have seen husband and wife filed a divorce due to unsupportive relationships since one of the party involved in Insurance or MLM).
I don’t want agents or MLMers to reply this post with hatred.
Insurance agents or MLMers are businessman. and NOT entrepreneur, though they claim they are. The founders of the Insurance or MLM company is, but not the MLMers that follows trends that the founder created. To differentiate Entrepreneurs with Business Man, please read this post. There is no free lunch.
"Selling insurance is more and more difficult from time to time due to more players in the market. The golden time was in 1990s".
INSURANCE COMPANIES PLAY MAJOR ROLE IN RAISING MEDICAL COST AND THE COST OF LIVING
The basic concept of any insurance is this. You know that this world is precarious. You know that there are no guarantees for safety in health, finances or any other commodity. You know that many of the factors involved in the continuation of your safety are beyond your control, and even those factors within your control are fallible simply because no one is perfect. So, wherever possible and reasonable, you should fortify yourself in the event of calamity.
In ancient times insurance was carried out in the form of storing grain for winter months. In fact, we still do that… but our minds have long forgotten how precarious harvests are.
The logic behind preparing for unknown disasters is not in dispute. What’s to be disputed is that marketing strategies mixed with political tinkering have not only covered basic truths of reality from many people’s minds, it has also created a system that encourages increases in the cost of several industries. Some of those industries, such as the auto industry, are areas where people is forced to pay insurance companies for services they often never use.
The blanket over many eyes is the false security insurance provides. Being prepared for disaster is important… but there is a line beyond which a levelheaded strategist won’t go because the frequency of disasters is so low that paying to defeat a phantom risk is too costly. There are an infinite number of disasters that could happen at any moment… but most never happen because of intelligence and order. If you want to prepare for them all you will end up spending one hundred percent of your time planning to defeat the infinite list of tragedies that could come your way. And then after all that you can have a heart attack and die.
Again, I’m not arguing that being prepared and having a plan to deal with tragedies is wrong. But the insurance companies want you and me to believe that they will protect you from tragedy—when in reality there is absolutely nothing insurance companies can do to protect you from tragedy because they have no bearing on the actions you take in your life. They know that they can’t do anything about it… BUT THEY MARKET THEIR SERVICES AS A FORM OF PROTECTION.
Consider auto insurance. A drunk driver slams into you. Insurance had nothing to do with the other motorist getting drunk… or with you being on the road that night. And if you die… there is nothing that the insurance company can do about it.
The logic is then turned to say that you and I need to carry auto insurance to protect other drivers from us. Again, THERE IS NO PROTECTION. Carrying the insurance does not do anything other than help defray the cost or repairing the damages after the fact of tragedy. Of course this is how it works… BUT MARKETING SCHEME CONTINUE TO MAKE THE INSURANCE SEEM LIKE A PROTECTION FROM DISASTER.
HEALTH INSURANCE COMPANIES ARE SCAMS TOO because they put it into everyone’s mind that we are entitled to living past one hundred years old; they also increase the cost of health care because of the plans that pass covered patients’ bills onto insurance companies..allowing hospitals to charge extortionately higher for medications that would otherwise cost much less. One manual on reducing hospital costs stated “Hospital costs for medications are notoriously high.” One of the recommendations offered (buying these medications with insurance plans) displays the mental block that people have with this issue—they assume that they are getting the medications cheaper because of insurance when in reality the practice allows pharmaceutical companies and hospitals to raise the cost of medications and treatments… a cost that is passed back to the insurance companies and then right back into the consumer’s lap.
Some types of insurance companies are even forcing doctors to close shop—as in the case of obstetricians that can’t keep up with the rising premiums in malpractice insurance.
Insurance companies are businesses. They exist to make a profit. There’s nothing wrong with that. But THEY PLAY MAJOR ROLE IN RAISING THE COST OF LIVING and in sustaining the increase in cost. Those industries that have snuck through the back door of the legislative process have created a monster in the system that is a giant parasite on the Financial Industry private companies are essentially taxing the American public.
Furthermore, the floor seems to fall out when you consider another fact. In times of major disaster, when a company, family or individual needs the help most—when they really expect all the expense into insurance companies to pay off—insurance companies find ways to fall short on their promises.
One shady tactic of insurance companies is in the fine print of many insurance plans. Oftentimes the consumer was never educated by the insurance companies about lasering, a strategy insurance companies use to limit financial loss by limiting their financial responsibility in costly claims. Lasering allows insurance companies to limit their payments on partially self-funded companies when, for example, the insurance company knows an employee has an expensive illness. See Lasering information.
Entrepreneur.com reported that “small and midsize companies see health-care premiums outpace the cost of their employees’ claims”. The cost is going up… but the services are not.
Tragedy is not something to flirt with. Being prepared to handle it is wise. Requiring financial responsibility among people partaking in hi-risk activities that can harm others is prudent. I don’t recommend banning insurance companies. But I do recommend boycotting most of them and pressuring lawmakers the open their eyes to the cutthroat scams being pulled on the people by the current insurance industry.
To end, I want to quote from the banker who felt offended by me. He wrote, “Insurance companies never know who the next driver is that may cause a 10 car pile up and cost them RM1,000,000. It could be you.” I suppose that’s true. They also don’t know who the next person to steal my wallet will be
There are many things that insurance companies don’t know. But there are a few things they know well… like getting your money. See, insurance companies are good at eating the pie and having it too. Actually, they are good at taking your money and keeping it too. THE ODDS ARE THAT YOU WILL NEVER SEE A RETURN ON THE INVESTMENT YOU’VE PUT INTO THE SECURITY OF INSURANCE COMPANIES.
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