Hi, folks. Nik again, and this time I am curious to see what your opinion is on retiring young.
Now, the reason I am asking this is going to take a little bit of time, so bear with me.
Okay, so about a month ago, my friends started "working" for this company called ACN. It's a sort of direct-seller sort of deal for telecommunications devices, video-phones, internet, etc.
Now here's what is bothering me. The guy at the presentation I went to said that you could retire by the time you're 30 courtesy of "residual" income, that being: you tell two people about ACN, they tell two people, they tell eight people, etc, and you make money from all of these people. To compare, it's sort of like Tupperware back in the 90s.
Here is what frightens me. This operation is much like a pyramid scheme, and I fear that they are going to bankrupt themselves on this company. Then again, I take risks by investing 10% of my paycheck with my company stock, but at least if my stocks fall, I still have a stable income job.
What do you think, guys? Here is the website: http://www.acncanada.ca/
I need a drink.