Are MLMs Legit? (And Is the “Free” Luxury Car a Scam?)

Smart Money Happy Hour with Rachel Cruze and George Kamel

Ramsey Network

Business

4.9 • 2.8K Ratings

🗓️ 13 April 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Whether you love MLMs or just love to hate ’em, none of us are immune to getting a “Hey, hun!” in our DMs. But have all the boss babes really been conned? Join Rachel and George as they take a closer look to find out if MLMs are an entrepreneur’s paradise . . . or just another scam. In This Episode: · The fine line between a pyramid scheme and an MLM · George’s and Rachel’s personal experiences with MLM products · Solved: the mystery of the free luxury car Helpful Resources: · Be entered to win a $100 Visa gift card when you take our listener survey! Click here to let us know what you think. · Do you have a Guilty As Charged question for Rachel and George? Send a DM to @rachelcruze or @georgekamel on Instagram! Be sure to type “GUILTY?” at the top of your message so we don’t miss it. · Get your finances organized, make a plan, build up your confidence, and kick money stress out of your life for good with the EveryDollar budgeting app. Go to everydollar.com/smart to get started today! · Learn more about your ad choices. https://www.megaphone.fm/adchoices · Ramsey Solutions Privacy Policy This Week’s Happy Hour Special: The Aviation · 2 ounces gin · 1/4 ounce Luxardo maraschino liqueur · 1/4 ounce crème de violette liqueur · 1/2 ounce freshly squeezed lemon juice Grab your trusty cocktail shaker and fill it with ice. Add gin, maraschino liqueur, crème de violette and lemon juice to the shaker. Shake that thing and strain into a glass. For an elevated experience, garnish with a lemon twist! 🛫

Transcript

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0:00.0	This episode is brought to you by The Budgeting App Every Dollar.
0:04.0	Hey guys, I'm Rachel Cruz.
0:11.0	I'm George Campbell.
0:12.0	And this is Smart Money Happy Hour.
0:15.0	Wow.
0:22.0	Wow.
0:23.0	That's a drink I have.
0:24.0	That's a special, special, spicy meat bowl.
0:27.0	That's a special, zipper, well, uh...
0:29.0	What is the show?
0:30.0	Welcome to Smart Money Happy Hour, where two friends who happen to be money experts
0:34.0	talk about what you're talking about, everything from pop culture, current events,
0:39.0	and of course money.
0:41.0	And today we're talking about those friends from high school who DM you,
0:46.0	all about a new business opportunity they've got for you.
0:49.0	That's right, we are breaking down MLMs, the pros, the cons, the good, the bad,
0:54.0	the ugly, the legal, the criminal.
0:56.0	It's all in there, Rachel.
0:57.0	And I'm a little nervous, so I'm glad we have a fun drink next to us.
1:01.0	Yeah, before we dive into the very wild and controversial waters of network marketing,
1:06.0	let's take the edge off with a drink, Rachel.
1:08.0	Today we're sipping on an aviation.
	...

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