Bank In 40K yesterday. My heart was pounding like mad when holding 40K cash. Bank people was shock. hehehe. After bank in, show the bank book to my parents. They so proud and willing to give another 40K for ASW2020. What should I do? Shall I proceed?

Your parent is so kind to give you additional 40K for investment. Take it and increase your ASW2020 fund.

Hehehe. But got 1 problem. They have to keep the ASB book . Means no withdraw.

I think it is a good idea not to withdraw unless if needed for emergency purpose. Surely, your parent will release the book for you if needed.

What if i get myself involve in MLM. Exp: UPTREND. Looks like if a good way to make quick $$$

Dun get urself involve in MLM if you do not know what you are doing. Anyway, there is no quick buck business else everyone in Malaysia is rich.
Besides, I had personally went to Uptrend office in PJ since fren ask me to listen to their business plan and I find it not a very good as it focus on RECRUITING cause you can't sell the product as it is too expensive.

But the plan is Only to get only 7 people (Platium) under you and culculate your pair (Each pair RM57). Looks like very easy money.

nothing is ez
must be something u dunno

no pain no gain

I had mentioned that this plan is focus on RECRUITING. Besides, you need to do balancing in order to get the commission. In other word, your left and right downlines had to be same number of people. This is very tricky situation and very difficult to achieve. I also believe that they will tell you that you can make faster money if you invest like RM2000++

My advice to you is that you do not join unless you can get lots of people to invest in the business. MLM is not for everyone. You will need to go out and meet and talk to many people and convince them to join you. Basically, you will need to sacrifice your time for this business. Consider these factors before you embark on it.

Wow, i take that u learn fom experience?

I did a few others before and know how it is being run. Not worth the effort. When things dont turn well, ur downline will blame u and demand refund. Sometimes relationship does get sour due to this even if not your fault.

The sentence can be changed ->
you go out to find 7 dumb people to feed you while the dumb people find others 7 dumb'er' people to feed them and cycle goes on while the top level people getting richer and richer due to exponantial growth of the pyramid -> MLMers will tell you it is not a pyramid but business plan (nice word).

Easy?

ASB is great your money will double every 7 years

Well I second that. It will effect on relationship (sour). But currently they recruit people by using certain forum (internet) and broacher to places (Example: Ampang, wangsamaju Pj Puchong etc). Sometimes they use pick hour to distribute flyers and short notes at putra LRT. Currently my brother (who by the way forcing me to join UPTREND) earning RM500+++ daily (If manage to close Platinum). The profit rolling goes on and on if they manage to close any new member. Well, they also use jobstreet as a bait to recruit people also (Using jobstreet agent to get free posting). Also many other tricks. By doing this, one of my closes friend earn RM5k (the one willing to upfront money for UPTREND to me) and he show me the cheque. So bottomline I feel jealous (Sorry to say but true) because I been working like hell to get RM250 one day, while those people just (goyang kaki) get RM1000 daily. You all tell melah.


So your point being? People nowadays are so selfish. They don't care about others. If there's anyway to make fast money, they will grab it (ASAP). You are right about the seeking for 7 dumb people and goes on and on. But nowadays with internet facilities and smart way to approaches to public, they might getting 2000+ people attention and get 10 people to register. Not bad for 1 day. Means they have to work dam hard. But they don't care. But I am telling you the smarts way is thru jobstreet. They simple put catchy words to attract people. Basicly recruiting people is easy is just that how to close them. If 100 people gather sure 3 or 4 should be able to close.

Are u sure? People say ASW2020 far more better then ASB.

Doremon,

The problem with doing unethical and illegal stuff is you only need to get caught ONCE. Then, you go to jail and your whole life is destroyed. Is it really worth it??

Reputation is one of those thing that you may not think it worths something. But, as soon as you lose it, you will know how valuable it is. You and your family will live with it for the rest of your life.

Dreamer

P.S.: There is a significant difference between being selfish and stupid versus selfish and smart. You may not care about others aka selfish. But, doing unethical and illegal stuff is just plain stupid. Is the reputation of your whole life only worth a few thousand dollars?? That is stupidity. If it is a few million s dollars and you do not have to work for the rest of your life, it might worth the risk.


This post has been edited by dreamer101: Oct 5 2006, 08:39 AM

Any other comments?

asb is good as asw2020,the most important,ur investment is safe.

ASB/ASW is capital guaranteed investment. That's really a good thing.

That's right, thats the best features of ASB and ASW that makes it so popular. It has no downside risk, but currently give better return than FD. (But bear in mind ASN is not, since its variable pricing (price change daily). Another great features of ASB/ASW and ASN is that its liquid, you can withdraw anytime without any penalty (except that you can't withdraw at the time they are calculating the bonus/dividend, usually took less than a month every year). Visit PNB website for more info http://www.pnb.com.my

A very smart move by your parents.

This post has been edited by vergas: Nov 16 2006, 12:07 AM