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What do you guys think of Primerica
Posted on 8/17/11 at 11:54 am
Posted on 8/17/11 at 11:54 am
Just wondering, there is a large contingent in the building that I work out of and they like to preach their pie in the sky rhetoric
3
Posted on 8/17/11 at 1:49 pm to kevv824
Seems like a financial pyramid scheme to me. I talked to one of the agents one time and rather than offering me any products or services, she tried to get me to join in. 
Posted on 8/17/11 at 1:55 pm to PacLSU
Overpriced products. You can get way better value elsewhere in the marketplace.
Posted on 8/17/11 at 2:14 pm to kevv824
quote:
Primerica
Posted on 8/17/11 at 2:32 pm to Sid in Lakeshore
Edward Jones
Primerica
Primerica
Posted on 8/18/11 at 8:10 am to PacLSU
quote:
she tried to get me to join in.
sounds like network marketing aka MLM to me.
Posted on 8/18/11 at 9:02 am to PacLSU
quote:
I talked to one of the agents one time and rather than offering me any products or services, she tried to get me to join in.
The agent gets more money if you join and sell products.
Posted on 8/18/11 at 9:03 am to saint308
Thing is...you can do Primerica on the side (part time). Not so much with Edward Jones.
Posted on 8/18/11 at 9:50 am to PacLSU
quote:
What do you guys think of Primerica
Seems like a financial pyramid scheme to me
This. One of my friends was trying to get me involved. After he laid it all out I was like ehhh I'll get back to you on that.
Posted on 8/21/11 at 10:34 pm to TheFreeAgent
It is a MLM scheme. Why would anyone in their right mind take financial advise from someone who doesn't even do that job full time nor take the time to get any credentials?
A friend of mine talked to one of the guys he knew that got sucked into the Primerica scheme. He said he was going to retire in 3 years because he was going to make so much money recruiting people blah blah blah...he didn't last 5 months, maybe he wised up and GTFO.
A friend of mine talked to one of the guys he knew that got sucked into the Primerica scheme. He said he was going to retire in 3 years because he was going to make so much money recruiting people blah blah blah...he didn't last 5 months, maybe he wised up and GTFO.
Posted on 8/21/11 at 10:41 pm to GimmieSomeGlitter
I guy I know, not really a friend, tried to recruit me to this crap too. He's the type of guy who was always chasing get rich quick schemes so I didn't really believe anything he was saying. I wouldn't take any advice from him either. Especially not financial advice.
Posted on 8/21/11 at 10:47 pm to kevv824
Collis Temple has made a shitton of money doing this. But he's also well known in the community.
Posted on 8/21/11 at 11:18 pm to LSUzealot
quote:Your comment made me google this. Collis has done quite well. I knew him growing up and am not surprised - he was a very hard worker that always got the most out of his ability in all facets of life.
Collis Temple has made a shitton of money doing this. But he's also well known in the community.
Success Story on Primerica Website - CTIII is National Sales Director
CTIII Primerica Motivation Speaker Part 1 of 2 - Not Bad
Edited to Add: There is nothing in the video to dispel the common view that Primerica is an investment products version of a multi-level marketing scheme - just linked as an update on a local guy doing well in his chosen career path.
To answer the original question, I definitely view Primerica as a MLM, sort of a financial Amway.
This post was edited on 8/22/11 at 5:50 am
Posted on 8/21/11 at 11:30 pm to Bayou Tiger
All he talked about was recruiting.
This post was edited on 8/21/11 at 11:34 pm
Posted on 8/22/11 at 12:20 am to Bayou Tiger
Sat next to Collis on a plane last year. Awesome guy.
Posted on 8/22/11 at 7:14 am to I Love Bama
Abram Booty has made a pretty nice business out of it, too, up in north LA/E. Texas. I actually sat down with him for lunch one day to talk primerica, and during the conversation, I asked him what percentage of people didn't make it, and his response was something like "We don't keep track of those people."
This, plus the fact that you sell to your friends and family first- there's nothing I'd rather do less than discuss financial information with my close friends.
This, plus the fact that you sell to your friends and family first- there's nothing I'd rather do less than discuss financial information with my close friends.
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