Posted by Dr. Francis john Maguire, Ph.D. on December 12, 2004 at 23:10:52:
In Reply to: Primerica - Let's Have a REAL discussion posted by Rockin982 on November 02, 2004 at 04:29:09:
First, of all, if music is your passion, by all means pursue it. Few in life get to pursue their passion.
I wanted to be a foreign correspondent for U.S. News & World Report. Let it suffice to say that the most involvement I have ever had with that magazine is reading it!
Yes, pursue your musical dream.
Primerica is not a company for anyone seeking a professional career in financial services.
As a matter of fact, in its founding as A.L. Williams, the founder Arthur Lynch Williams, Jr. espoused " you don't need any fancy suit and college deeegree (misspelled to emphasize the way the way he drew it out when he said it)to make commone sense to people. "
This was his way of recruiting the not too bright because what he really wanted them for was connsumers. His second credo was " how you supposed to sell sumpin' (again his talk not my bad spelling) if'n (Southern vernacular for if not) you don't own it. "
His big advice was to managers " Recruit and the sales will come. " And he was right because everyone who came into the company bought the insurance program.
Art was a wonderful motivator and many followed, including my brother. But Art was not exactly upfront and I know Art well.
You see Art Williams had an MBA so he was one of
" those guys with the fancy deeegree "
I was sitting in Mexico with him one time and asked him why he put on the show he did and he told me, " Fran, this people would not follow me an inch if they knew I had an MBA. They got to think they are just like me. That is why i tell that story about growing up in a shack with a dirt floor."
The show they put on at fast start schools is putting someone up on the stage, who after he finishes talking, the crowd thinks: " Hey, I am smarter than him and he is a big success. I'll do great. "
And that is exactly what they wanted you to think because the real business being done at fast start schools is the top guys are selling people rooms at inflated prices. A room that they get for $41 a night is being passed on to attendees at $96 a night. A two day fast start school with 400 rooms can pocket a $40,000 skim for the top guy.
The people buying the rooms have paid cash because the top guy does not want any checks.
The real scam is the top guy gets to write off the rooms as a business expense since he booked them, collects the cash and pockets it.
It is simple income tax evasion on non-reported income.
And how do i know all this?
Way before I was Dr. Maguire I was Det./Sgt. Maguire and investigated them. Follow your dream or find a profesional firm.
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