World Financial Group World Financial Group, Almost Duped! Lodi, CA California

I'd like to start off by saying I have been with WFG for over a year PT. I came from another financial services company where I was for a little over 2.5 years. When I left, I checked out a ton of financial companies where I could be an idependent contractor before deciding on WFG. There are 2 real issues with what everyone is talking about here:

1) MLM, "pyramid-scam" - There are a lot of pyramid scams out there to watch out for. In my opinion, a pyramid scam is where you try to recruit a bunch of people to sell some kind of product or service, it costs $$ to start with them and they pay $$ to the associates that recruit members. For example, you may hear something like, for every 10 people you recruit, you receive $100 bonus. It does cost $$ to go into business for yourself, it does cost $$ to get a background check, and it does cost $$ to get licensed to work with financial products. So, you will spend $$ to get started, but trust me, nobody is getting paid to recruit you. The only time anyone is paid in this business is when business is done!

2) You do not have to have a degree to work in this industry, you only need to be licensed. It is not easy to pass the tests needed to get licensed. You will have to study and you will learn a lot in the process of getting licensed. Although it helps to have a great understanding of financial planning, this is ultimately a sales position. No different than your car/cell phone salesman or your licensed mortgage broker salesperson. We all know some salespeople are more knowledgeable than others; some know their products and the history of the industry more. This is not an issue with WFG, this is an issue with every financial services firm as well as just about every sales industry, which is just about every industry.

Personally, I love this industry and I do try to recruit and train new associates. I know there are associates in WFG and every other financial services firm that do not run their business like I do and sometimes it gives me a bad name, what can I do? I'm sure everyone would agree with me that just because you meet one person in one office that represents a company, this is no way to judge an entire company and everyone affiliated with them, right?

I'd like to start off by saying I have been with WFG for over a year PT. I came from another financial services company where I was for a little over 2.5 years. When I left, I checked out a ton of financial companies where I could be an idependent contractor before deciding on WFG. There are 2 real issues with what everyone is talking about here:

1) MLM, "pyramid-scam" - There are a lot of pyramid scams out there to watch out for. In my opinion, a pyramid scam is where you try to recruit a bunch of people to sell some kind of product or service, it costs $$ to start with them and they pay $$ to the associates that recruit members. For example, you may hear something like, for every 10 people you recruit, you receive $100 bonus. It does cost $$ to go into business for yourself, it does cost $$ to get a background check, and it does cost $$ to get licensed to work with financial products. So, you will spend $$ to get started, but trust me, nobody is getting paid to recruit you. The only time anyone is paid in this business is when business is done!

2) You do not have to have a degree to work in this industry, you only need to be licensed. It is not easy to pass the tests needed to get licensed. You will have to study and you will learn a lot in the process of getting licensed. Although it helps to have a great understanding of financial planning, this is ultimately a sales position. No different than your car/cell phone salesman or your licensed mortgage broker salesperson. We all know some salespeople are more knowledgeable than others; some know their products and the history of the industry more. This is not an issue with WFG, this is an issue with every financial services firm as well as just about every sales industry, which is just about every industry.

Personally, I love this industry and I do try to recruit and train new associates. I know there are associates in WFG and every other financial services firm that do not run their business like I do and sometimes it gives me a bad name, what can I do? I'm sure everyone would agree with me that just because you meet one person in one office that represents a company, this is no way to judge an entire company and everyone affiliated with them, right?

I'd like to start off by saying I have been with WFG for over a year PT. I came from another financial services company where I was for a little over 2.5 years. When I left, I checked out a ton of financial companies where I could be an idependent contractor before deciding on WFG. There are 2 real issues with what everyone is talking about here:

1) MLM, "pyramid-scam" - There are a lot of pyramid scams out there to watch out for. In my opinion, a pyramid scam is where you try to recruit a bunch of people to sell some kind of product or service, it costs $$ to start with them and they pay $$ to the associates that recruit members. For example, you may hear something like, for every 10 people you recruit, you receive $100 bonus. It does cost $$ to go into business for yourself, it does cost $$ to get a background check, and it does cost $$ to get licensed to work with financial products. So, you will spend $$ to get started, but trust me, nobody is getting paid to recruit you. The only time anyone is paid in this business is when business is done!

2) You do not have to have a degree to work in this industry, you only need to be licensed. It is not easy to pass the tests needed to get licensed. You will have to study and you will learn a lot in the process of getting licensed. Although it helps to have a great understanding of financial planning, this is ultimately a sales position. No different than your car/cell phone salesman or your licensed mortgage broker salesperson. We all know some salespeople are more knowledgeable than others; some know their products and the history of the industry more. This is not an issue with WFG, this is an issue with every financial services firm as well as just about every sales industry, which is just about every industry.

Personally, I love this industry and I do try to recruit and train new associates. I know there are associates in WFG and every other financial services firm that do not run their business like I do and sometimes it gives me a bad name, what can I do? I'm sure everyone would agree with me that just because you meet one person in one office that represents a company, this is no way to judge an entire company and everyone affiliated with them, right?

I'd like to start off by saying I have been with WFG for over a year PT. I came from another financial services company where I was for a little over 2.5 years. When I left, I checked out a ton of financial companies where I could be an idependent contractor before deciding on WFG. There are 2 real issues with what everyone is talking about here:

1) MLM, "pyramid-scam" - There are a lot of pyramid scams out there to watch out for. In my opinion, a pyramid scam is where you try to recruit a bunch of people to sell some kind of product or service, it costs $$ to start with them and they pay $$ to the associates that recruit members. For example, you may hear something like, for every 10 people you recruit, you receive $100 bonus. It does cost $$ to go into business for yourself, it does cost $$ to get a background check, and it does cost $$ to get licensed to work with financial products. So, you will spend $$ to get started, but trust me, nobody is getting paid to recruit you. The only time anyone is paid in this business is when business is done!

2) You do not have to have a degree to work in this industry, you only need to be licensed. It is not easy to pass the tests needed to get licensed. You will have to study and you will learn a lot in the process of getting licensed. Although it helps to have a great understanding of financial planning, this is ultimately a sales position. No different than your car/cell phone salesman or your licensed mortgage broker salesperson. We all know some salespeople are more knowledgeable than others; some know their products and the history of the industry more. This is not an issue with WFG, this is an issue with every financial services firm as well as just about every sales industry, which is just about every industry.

Personally, I love this industry and I do try to recruit and train new associates. I know there are associates in WFG and every other financial services firm that do not run their business like I do and sometimes it gives me a bad name, what can I do? I'm sure everyone would agree with me that just because you meet one person in one office that represents a company, this is no way to judge an entire company and everyone affiliated with them, right?