Wealth Generators (now known Kuvera LLC and Kuvera Global) has been one of the hottest MLM (Multi-Level-Marketing) companies in 2015. They made a lot of buzz, they promised to make everyone rich and they signed up loads of associates (aka distributors) to promote the business to others.
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If you are reading this post in hopes of finding positive information on Wealth Generators then stop reading now. Today I’ll be writing about the dark side of MLM and I’ll be sharing some details about this specific company that the people involved with WG will not like at all.
If you’ve been to my blog before you know that I don’t like MLMs simply because most of them (not all) turn out to be pyramid schemes, stealing money from easily influenced people. However, since I work in the marketing space, I can’t help but be exposed to a lot of news in the industry. This is how I come across yet another shiny promising Network Marketing businesses, the Wealth Generators.
UPDATE: December 2016
Colombia’s Superintendencia Financiera regulatory body (similar to SEC), claims that the Wealth Generators is a pyramid scheme. The Financial Superintendence of Colombia made this claim against the company on December 16th 2016:
The Superintendency was able to verify that the mentioned company offers to pay “benefits” represented in money, to affiliates that fulfill the requirement of recruiting more people who contribute their monetary resources, which is the only source of money that sustains the pyramid.
The success (of Wealth Generators) depends on the recruitment of more affiliates who contribute money to keep the pyramid growing in geometric progression.
Superintendencia reminded the residents of Colombia that pyramid schemes are illegal in the country and the people participating in such practices run the risk of becoming involved in illegal activity.
Ladies and gentlemen, this is the tipping point.
Update: March 2018
Wealth Generators LLC changed its name to Kuvera LLC. The new website is now called Kuvera Global.
Wealth Generators – First Impression
In this case I got very curious about Wealth Generators because of the people involved in it. You see, some of their top sales people were also involved in WakeUpNow (WUN). WUN worked hard on recruiting innocent people into its pyramid scheme for about 5 years. It ended up falling apart (as it usually does) and since a lot of people were losing money (82% of their members), the top recruiters started leaving the company, blaming the management, blaming each other and blaming pretty much everyone else on the planet except themselves.
Fast-forward a few short months and we started seeing the same people now promoting the Wealth Generators. These salesmen do have a talent at persuading gullible people into joining another over-hyped network by promising incredible riches and a minimum amount of work (if any at all). If you ever tell any of the WG “associates” that the business sounds like a pyramid scheme, they would look all offended and they’ll start yelling: “How can it be a pyramid? Pyramid schemes are illegal!”… more on that later.
What Is Wealth Generators
WG positions itself as a “proven plan to financial fitness and personal wealth”. Their promotional videos tell you that you don’t need to have any experience in trading or finance for that matter and that you only need to invest 1 to 2 hours per month to achieve financial success. This is the first red flag. Do you really think you can invest 1 hour per month and start trading FOREX (foreign exchange) and make millions of dollars? Top traders on Wall Street spend 60-80 hours every single week working, but Wealth Generators can show you how to do in 1 hour per month… seriously?
However, if you look up any of their team leaders, they will never tell you anything about trading on WG tools. They will explain that the real money comes from selling Wealth Generators memberships to other people. Whenever you enroll new members into the program – you make money. And this is, ladies and gentlemen, the main goal of WG – to recruit as many paying members as possible. So yes, Wealth Generators is a multi-level-marketing company. Like many other similar companies who went bankrupt or got shot down by the FTC, WG uses their “financial tools” as a front for their possible pyramid scheme. They came up with a front-end “product” so they could stay legal in the eyes of the law but it probably won’t last long.
What You Get Inside Wealth Generators (Kuvera)?
WG offers some basic training on Forex as well as a forex software. They also offer you access to TaxBot, a software that will help you keep track of your expenses and income to facilitate your tax declaration. WakeUpNow also offered TaxBot to their members. Now TaxBot is a legit software, certified by the IRS (as far as I know) and it normally retails at $19.99, it also often goes on sale and you could get it for $9.99.
You also get access to a Forex trading software. This is where it gets more interesting. Their software allows you to trade virtual money (simulation) or you could start trading real money, if you are willing to risk it and the risk is very high. This kind of software has been around for YEARS and most of the time you can get it completely free. Forex software developers give it out for free because they make a commission every single time you trade real money. They don’t care if you lose your life savings or if you turn a profit – as soon as you put real money through the system – they will earn a commission. Maybe Wealth Generators makes money off of your trades maybe they don’t, their main goal after all is to have you enroll more members into the system.
The main concern here is the advice they give you on trading. I have not been able to find any proof that WG reps are certified by the U.S. Securities and Exchange Commission (SEC). It is illegal to give any kind of financial advice in the US without being certified/approved by SEC and similar financial authorities in other countries. They might get destroyed by SEC once the commission figures out what WG does, however I am sure that WG has good lawyers to protect themselves (at least for a while).
Ask any professional (and certified) trader about Forex and they will tell you the risk is incredibly high and even people with 20-30-40 years of experience in the field would usually recommend against trading forex as there is no way to predict the outcome.
How Much Does Wealth Generators Cost?
Wealth Generators membership costs $129.99 per month. However when you’ll be joining, you would be highly encouraged to also pay the one time fee of $249 so you would qualify for coded bonuses (and then keep paying the $130 monthly fee). But hey, if you bring in 3 other members willing to pay $130 each, WG will wave your membership fee. Their membership fees keep jumping around but at the time of writing this that’s the cost of joining WG.
What do you get for $130 per month? A $9.99 tax software and a free forex trading software. More importantly, you get the right to sell the WG opportunity to your friends, family and everyone else around.
Wealth Generators – The Pyramid?
If you are working with Wealth Generators a.k.a. Kuvera, you’re probably already on the edge after reading this blog post. I know you want to kick me in the face screaming WG cannot be a pyramid scheme because pyramid schemes are illegal, and I understand you. Selling the “financial tools” as a product actually does make WG legit, at least temporarily. However, I looked through the content published by WG’s top earners and I realized that they never talk about forex, or investing, or taxbot, or anything else beside the recruitment. They train people by showing their compensation plan and by explaining that real money is in the enrollment of new members for Wealth Generators.
Wealth Generators comp explanation videos show us how you will get paid 7 level deep into the system (or pyramid). For example, your sign up 3 people. Each one of them signs up 3 people. Each one of them signs up 3 people. And so on for 7 levels. Here is an image of a 3 level pyramid just to give you an idea.
Wealth Generators compensation plan
So how much do you get paid for enrolling new members into the Wealth Generators system?
They will pay you $5 for every active members. Of course many restrictions apply on comp plans and bonus but the general rule is you get 5$ per customer. Also they have this thing called clubs. Club basically means you are getting a guaranteed amount of money every month. For example if you have 12 people in your pyramid downline, you’ll make $500 plus $5 per each member (total $560). Of course people will fall off your line, many will see it as a scam and just quit, many others will be forced to quit because they aren’t making a single dime yet they have to spend $130 monthly to remain a member. The point is, you’ll always have to be pushing this “opportunity” on new members in order to make some kind of money. This is not a business, this is a job which requires you to trick people into wasting their hard-earned money by promising them easy and indefinite riches.
If you look at the Wealth Generators earnings disclaimer, they clearly state that: “Many Wealth Generators are UNABLE to earn ANY commission”. This shouldn’t come as a surprise. Although Wealth Generators is yet to publish an income report for their members you could simply look at any other MLM report to get an idea of income levels. About 0.1% to 0.2% of people in these companies will generate 6 figure incomes. Yes, that’s the very top level of the pyramid. The owners of the company and the few top recruiters. Less than 1% of people will earn around 6-10k for a full year. More than 80% of people will not make a single dime and will actually lose money. I am sure it’s not any different with WG.
But What About Wealth Generators Money Back Guarantee?
Like many other MLM companies, Wealth Generators is registered in Utah. Utah is considered as MLM heaven because of their MLM friendly laws and low taxes. Additionally, the laws in Utah oblige companies to offer a 72 hours full refund to every customer. This time frame is quite larger in all other states. Three (3) days may not be enough for most people to realize they are being involved in a scam. If you look at the donations received by the Republican and Democratic parties in Utah, the top 2-3 companies that donate money are MLM companies (much bigger than WG). There are also several congressmen and women in Utah who are involved in MLM companies and publicly endorse them.
Wealth Generators also promises to refund you TRIPLE of your membership fees if you fail to make money with their Forex software within 6 months. This guarantee sounds amazing and very enticing. However you need to understand that there are very specific requirements to be entitled for this refund. You need to prove that you’ve been following the training to the dot (how can you ever prove that?) and you need to show them that you have done a required number of trades. Needless to say that they will find a reason why you didn’t qualify for their triple refund.
Also, most people who will refuse to become WG associates and will only use the software provided to them will cancel their membership within a month or two, or maybe even three months. People will pay the membership fee of $130 per month, they will realize they can’t make money trading Forex and that TaxBot only costs $10 (when it’s on sale). But if you cancel your membership without sticking around for the whole 6 months (about $800 investment from you), you will also be disqualified from any refunds. As simple as that.
How Is It Legal?
I think Wealth Generators is yet another pyramid scheme. There is a very thin and faded line between the very rare legit direct selling companies and milti-level-marketing pyramid schemes that scam people. Whenever a new MLM appears they need to come up with a “product” in order to disguise their main structure – the pyramid. FTC (Federal Trade Commission) understands this and they often shut down such companies because they understand that the “product” or “service” offered is phony and simply serves as a disguise. However, the bureaucracy and amazing lawyers who are hired by pyramid scheme MLM companies makes FTC’s job very hard and long-lasting.
Sometimes it takes a few years for the FTC to review a company and prove that a company is in fact operating an illegal pyramid scheme and not a legitimate business. While the investigation goes on, MLM recruiters keep running around screaming “It’s not a pyramid scheme, that would be illegal!”. Earlier this year Vemma MLM company was shut down by the FTC for that same reason. Their reps also ran around in circles calling people stupid for not understanding the amazing opportunity of Vemma. However, when FTC shut it down for running a pyramid scheme most of the reps shut up and moved to yet another MLM scheme (I am sure some of them are now proudly representing Wealth Generators).
Tired of looking for an easy way to make money?
That’s because there isn’t an easy way. You can certainly start your own successful business online but get ready to work hard.
What Is The Future Of Wealth Generators?
About 99% of MLM companies don’t last more than 5-6 years. Some decide to shut down before FTC forces them. Some will declare bankruptcy in order to avoid refunding the members or paying out compensations (while the owners are laughing all the way to the bank) and some others will eventually be shut down by the FTC.
This is of course a speculation on my part but I see WG being shut down before 2018. The easiest way to predict the eventual end of an MLM is by simply following a few of their top recruiters. These people know what’s going on and they are the first to jump ship.
I hope you enjoyed this post and I hope you haven’t lost money by joining the Wealth Generators.
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If you do have any comments or question, please do use the comment form below!
– Alex
Hi. I’m currently being recruited by a WG “employee”. He says they’ve got a “phenomenal” 4yr track record with 25% ROI(return on investment) with their hands free trading system. Can u elaborate any on this? Here’s an exerpt of our conversation when I asked him about hands free trading:
Hands free is you basically put your money in your own brokerage account & set up what’s called our accelerator & forget it. lol your able to look at your phone & see what trades you’re in, profits & loses.. we are looking to make our equity/ stock market hands free soon that pulled in 88% ROI last year?
Care to elaborate on that as well? Thanx for any advise u can share.
Hi Daniel.
The very first thing you must always remember when it comes to trading: There are no guarantees in trading. One simply cannot predict the market, ever. If a 25% ROI was guaranteed in anything, the whole world would be in it. Wall Street traders with amazing track records and 20-30 years of experience can’t even guarantee an ROI, let alone such high ROI. If you spend enough time researching this information you’ll find that it’s against SEC’s rules to guarantee an ROI in trading since it’s impossible to do.
The following information comes directly from Wealth Generators website:
“WG does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse in any way, the views, opinions expressed in the Information, does not give investment advice, and does not advocate the purchase or sale of any security or investment by you or any other individual. ”
This bit is also very interesting:
“Because Independent Wealth Generators do not have the data necessary to comply with the legal requirements for making income claims, a Generator, when presenting or discussing the Wealth Generators opportunity or Bonus Plan to a prospective Generator, may not make income projections, income claims, or disclose his or her Wealth Generators income (including, but not limited to, the showing of checks, copies of checks, bank statements,
email notices, electronic records, income system messages or tax records).”
Think about that,
Alex
Hey folks! If you missed it, there is an important update about Wealth Generators.
Colombia’s Superintendencia Financiera regulatory body (similar to SEC), claims that the Wealth Generators is a pyramid scheme. The Financial Superintendence of Colombia made this claim against the company on December 16th 2016.
It seems like it’s the beginning of the end.
Success to you,
Alex
Hi Alex,
What does this exactly mean? And the Colombia’s Superintendencia Financiera regulatory body, what type of powers do they hold?? Cheers
Hi Tony.
I imagine you are referring to the latest update on Wealth Generators? If so, it means that Superintendencia has accused WG of being an illegal pyramid scheme. Superintendencia is Colombia’s equivalent US Securities and Exchange Commission (SEC). They don’t have the power to shut a company down but they can and often do take the companies to court. Here is an example of how SEC works.
Thank you for your article and your discernment on the pyramid! This world needs more men who will lay the truth out. Thanks again!
Interesting Blog and I learned a lot from this. Thank you so much Alex.
Thanks for reading Mar!
Thanks Alex for the Info. I nearly signed onto WG.Thanks for the eye opener.I was purposely invited to be a distributor and be recruiting people to get on board.
Stay away mate and dont advise anyone or recommend WG to anyone EVER! I am still with them and if you read down you can see what happened. Long story short a month ago I accepted a offer from one of the brokers, which was that they would double my money but I was not allowed to touch it until January 2017! However, what was not clearly explained and nor did anyone else explain (Inluding head distributors and recruiters who apparently have the knowledge) that my money would be required to do a certain number of trades. When I did the math based on what I had deposited againts the ratio being used to trade the money I realised I would need to wait atleast 2 years until I can touch my money. This was all after their so called master product The FX Simplifier caused us new comers to loose nearly 60% of our money within 3 weeks. As you can imagine I was infuriated and contacted the broker to pull my money who said yes I could but minus what they doubled it by! So now what WG are doing is trying to reqtify this massive loss they caused people by making a few tweaks and adjustments to the FX Simplifier, but this is extremly slow and I am simply holding tight until my money hopefully goes back to what it was!(so far not even close to 10% of my loss has been returned) And due to the loss people are pulling out, so people I had underneath me which were covering the £199 dollars a month charge are leaving which means I now have to pay that every month until I find 2 people. How can I possibly sell a product/service that has left such a bad taste and what am I supposed to sell to people? That…oh I joined but I lost money straight away but hey come join us anyway as you should think posative etc etc. They sold me a product that was supposed to do 4-6 trades a day, NOW its is doing 3-4 A WEEK! The founders apologised but never offered any compensation, I looked further and found non of the brokers were being properly regulated! Yet all this time all the recruiters in the group we are part of on whatsapp were leaving messages and saying oh its just a bad patch and making people feel bad if they left saying ‘oh you dont have a investers mind set, your weak, you have no belief etc’ YEAH they were worried that they would loose out on income due to people leaving because thats how the recruiters make there money! Shameful and disgusting tactics! God Lord I can go on and on and mention sooooo much more that I have missed out but to anyone who reads this I IMPLORE YOU DO NOT JOIN WG. (by the way I am so far £1000 dollars out of pocket within 2 months)
Hi Alex,
Thanks a lot for this blog much appreciated. I agree with few of the positive comments about MLM companies left in your comments section since it’s a fact if you put your time and you work towards your goal to have a residual or/and passive income generated by selling products on-line or recruiting people who sell their products gaining a percentage of their commission, then you’ll be successful. I’ve tried in the past a probably legit company and I failed due to my lack of effort and my unwillingness to bring others on board but definitely if many people make a living or a fortune out of those business it means it works.
Said that I’ve been yesterday to a WG presentation and in fairness they never mentioned 1-2 hours a month….but NO HOURS at all (??) as there is a team of 10 experts (why 10? who are those guys? how they do it? where are they?) that trade for you to pretty much double up your money each year, at a rate of approx 6% a month. Now not even the best traders in the world can promise a 6% monthly rate and especially in the forex market which is highly volatile. The 98% of the presentation wasn’t about markets and investments but purely recruiting somebody’s else that on the long term would produce a monthly income for you. At the end of the presentation I started my questions.
1) How can they trade on your account in your behalf across thousands people?
Answer: that’s their secret (???)
2) How long have you been in this business?
Answer: 8 weeks (??? – bit short time to present it with such enthusiasm)
3) If the product you describe is soooo good that will make your initial investment (he produced calcs based on 1000$) grow to a bit more than 1,000,000 in 10 years are you investing real money in it?
A: yes
Q: when did you start?
Answer: (remember he’s been in the business for 8 weeks)eh..mh.. I started 4 days ago (he said it after serious hesitation which means he prob never started)
4) when I asked about the reimbursement obviously the criteria were extremely vague (you need at least to be in the 90% of the trades…ok which trades? A: the trades those experts do (???)
I was introduced to it by a friend who joined. Did it put money in the investments? A: no I have a demo account (a demo account in a demo environment always performs well)I asked him to put real money in it and show me after few months the incredible results of this investments. So let’s see.
Then I went home I found your blog and learned of the 5/6 years business cycle of those companies. WG has been in the business for 3 years as they said…so still early to consider it legit and reliable.
Sorry for my digression, hope this helps other people that do not understand much about investing to raise red flags when they come across companies promising a massive wealth without any knowledge.
Roberto, thanks for leaving such detailed comment.
As you have explained, the main business model of Wealth Generators is recruiting more recruiters into WG. “Trading” is a product they need to offer in order to seem as a legitimate company and not as a pyramid scheme. However, members who join WG because they actually want to trade get disappointed fast. Most people who recruit new members couldn’t care less about trading because they do not trade anything, they make money by signing up new members… and the circle goes on.
By the way, they might have removed the video presentation from their website but it’s still on their Youtube channel: Wealth Generators Intro
That used to be their main promo video and this is where they promise that you’ll be making loads of money with only 1-2 hours of work per month and NO experience in trading.
Alex
Thanks for this review, based on what you have written alot has changed in WG over the last year. I joined 2 months ago and have all ready lost alot of money alongside a few friends who joined. They sold me a product or service (FX Simplifier) that simply didnt do what it was supposed to do and made us all loose money. They simply stopped that service admitted they were wrong about it and simply told us to concentrate on another service which they offer which is Daily Trade Alerts! Not just this but SO SO SO many other issues I have had from the start I simply could not curse the company enough! If anyone is thinking of joining my advise is PLEASE DO NOT waste your time money and effort. I am extremely disappointed in myself that I even considered joining and fell for this Ponzy Scheme.
Hi Tony.
It is unfortunate to hear that you have joined WG with high hopes and got what you got. It always sucks to be sold a dream to only realize it’s all fake.
As I mention in the review, they will provide FX Simplifier or any other software/system simply to make the company seem legit while the FTC does its job proving the pyramid scheme.
They don’t care if their systems work or don’t because the only money they really make is by recruiting new paying members who will recruit more members.
You have to admit these folks are great sales people since they’re able to lure new clients in.
Alex
Am so happy to have come across this blog today. I was invited to one of their presentations today here in Nigeria and I was considering joining WG before I saw this blog. Thank you mr alex for saving me
I don’t get it..if the top dogs are truly into stocks why don’t they actually sit back and really use the stock market to profit and help other people progit…is it easier to sell a dream than to profit off of stocks….
Exactly that. They aren’t making millions with stocks, they are making millions by selling access to WG to others. Then they tell their “customers” that the real money is in recruiting more paid members and not in the actual stock market. This is why it’s called an MLM.
Hey, what do you think about USANA? Very interesting your review.
Hi Deryana.
I haven’t had any experience with Usana. However a quick Google Search reveals some very dark details. One of them being a class action suit against USANA:
I’d suggest doing more a lot of research whenever you want to join a “business opportunity” especially in the MLM industry.
Alex
Its quite obvious you dislike M.L.M.but i have been involved in M.L.M. since 1989 and have been very successful but i did not making millions from it and the reason for that is i did not put enough of effort into it .
Now i am involved in Wealth Generators and i am making money from my investments and i also am making money from my network and i also have got incredible value from my learning modules and training and its not just $10 taxbot you get its a lot more that that.
This probably wont be edited because its true and you wont want people to understand why you put up posts in the first place but every post like this have a purpose and yours is to run down M.L.M. in general and at the end you will promote your own agenda which seems here to be Affilate marketing .
I would like you to discuss the names and credibility of the people behind W.G and tell people about all the packages you get when you join W.G you only seem to discuss the negatives no positives and there is a lot of positives PRINT THIS
Hi Ray.
Thanks for leaving a comment. By the way, posting your comment once is good enough, no need to post it 4 times.
I am very happy to hear that you don’t fall within the 80%+ of MLM distributors who lose money with MLM. Hopefully you’re in that 1% that make more than $6,000 per year.
And yes, I dislike the MLM model and I do in fact make it rather obvious in this blog. Great observation!
By the way, have you seen the latest episode of LastWeekTonight with John Oliver? It’s a great one, you should check it out. Enjoy 😉
https://www.youtube.com/watch?v=s6MwGeOm8iI
What’s your opinion of primerica? I recently joined it an just got told to join WG from my friend
Hey John.
I’ve heard of Primerica, I knew people who were in it for a while (and tried to get me into it), most of them eventually quit that company.
In general I dislike the MLM business and naturally I suggest against it. I am sure there are some honest and good MLM companies but it isn’t my cup of tea. I prefer building a business that can generate an income without me constantly trying to recruit new members in my downline.
Alex
Hi Alex, do you always erase peoples comments when they state a valid fact that you dont agree with?
No. Comments are automatically deleted if they use profanity or insults or if they promote a product irrelevant to the post. You wouldn’t believe how much spam comments a website could get.
I approved this comment in order to answer it but usually irrelevant comments do not pass the moderation.
There are some good companies out there. When picking a company you need to be passionate bout the product, does it appeal to all types of people, is it a stable company, is it the next trend in business, etc. You can always check direct selling news for info on probably most of the network marketing companies. If you are looking at other companies let me know and would be glad to help.
Hi, I am actually in Wealth Generators, and I learned a lot there…
1.They have an app full of videos, articles and material about financial education and about trader
2.They have live sessions whit experts about financial education and PIP ROOMS, where I can be in touch with the professionals traders who send to WG the information about when and where inverts the money into Forex and make my own questions…
3.Wealth Generators send the expert’s information to you, call it “Alerts”, across you member acount, so you can sell and buy in forex exchange market and start to generated money without know exacttly what are you doing while you start to understand how to do it by yurself…
4…and i never see that about 1-2 hours per month! Maybe somebody say that for enrroll but if you go into wealthgenerators.com can be shure about is not like you say it.
5.English is not my lenguage 😉
Have a great day!
Hi Natalia, English is my 4th language so we’re on the same page here 😉
Since WG is so great, how much money have you been able to generate through their “Alerts” is it’s not a secret?
And the promise of No Experience and only 1-2 hours per month is in their intro video. The video has now been removed from their website however it is still on their official Youtube channel, here it is:
https://youtu.be/5PW0Dy-VWnE?t=2m18s
Alex
I am a successful business person – led a start up to $25M in traditional business model and am now in another MLM and totally believe in the business model if approached professionally and vetted properly. There are some great MLM opportunities and 90% of people fail as in traditional startups. It’s not always the fault of overhype. It’s usually that people get sold as a get rich quick scheme. This is not the fault of MLM but people too willing to pray on people with “dumb money.” Regarding WG, I tried it just for trading and lost money. If you can be available to every trade alert, you can do well. However, if you miss an exit, you can get creamed as I did. They have a Forex system that so far has lost money. Over time, they may get the kinks out, but my guess is their retention rate is in the pits which means members only make money if from enrollments and enrollments of enrollments.
Conclusion: Don’t avoid MLM because of this one and “one of those” should not apply to all MLM’s, but do avoid this one.
Thanks for your feedback Alim.
As I mention in the review there are a few legit MLM companies that actually make most of their income from selling their product rather than recruiting. Unfortunately those are so few they’re pretty much unicorns.
I do agree with you that most of these programs lure people in with crazy promises of easy riches. Like WG states: No Experience Required, Only 1-2 Hours Per Month… and you will be rich. It’s so sad that people don’t raise a red flag right here.
And Forex is another story. Money can certainly be made bit it could be lost even faster and easier. Trading always has a risk and in my opinion trading foreign currencies is pretty high risk.
Alex
Thanks for this information and could you please share the names of some of the legitimate company’s that require selling a product that one could maybe consider
Vegas, pretty much any big retailer online gives you an opportunity to promote their products and receive a commission per sale. For example: Amazon, eBay, Walmart, Toys R Us… and the best thing? They do not charge you a single penny to become their affiliate. Find their “affiliate” or “associate” link, join in for free and get to work 😉
Alex
I was offered this today here in Venezuela, thank God I googled it and found your article. I feel like I’ve dodged a bullet 😀 Thank you so much, Alex.
Soliana, I am happy to hear you found this post helpful.
I am in WG, thinking of leaving because the FX Simplifier has proven to be financially detrimental since I started. Yet still, I do not believe this company is a total scam full of evil people trying to trick you into draining your life savings etc.
I appreciate the bluntness with which this review is written. However, you ignore the simple acknowledgement that the people at the top of these companies worked their balls off for their success. Most people who say they want success simply aren’t willing to do what it takes. That only 3% succeed in this industry does not mean it is a scam. It means that 97% either just don’t want it badly enough or realize that it’s not for them, as I have.
Are there dishonest people who use unethical sales tactics to get recruits? Duh of course there are. That is not WG’s fault.
MLM does not equal scam. It is hard work though and you either love love love it or you don’t. That being said, with this company in particular, there are many kinks to be ironed out where the trade signals are concerned but that’s about it.
Hi Layla.
Thanks for such a detailed comment.
I don’t doubt that people at the top of Wealth Generators work very hard however their income is not generated by trading FOREX but rather by recruiting a constant flow of new paying members into WG.
This is the real problem here. Another disturbing factor about WG is their promise that you will make money with NO experience and investing only 1-2 hours per month! That’s completely ridiculous and
unfortunately it lures people in. An honest company wouldn’t make such claims as we all know it’s impossible to get rich by doing nothing.
Alex
Hi Alex,
Someone invited me to join WG today, being a sharp person, as soon as I checked out their website it smelled fishy and I instantly realized it was “another one of those”.
Great blog and thank you for spelling it out for the public to see, you have just saved so many people from getting robbed.
Naturally the thieves are going to hate you, just like those trolling comments up there “Oh hey I made so much money or he/she made so much money”, if I’m making so much money I would keep my mouth shut and keep making so much money!
I thank you for taking the heat for the rest of us, Alex!
Thank for reading Louis. There are a lot of opportunities online that will allow you to make good money. A lot of these aren’t a secret but you’ll need to work hard to get to an interesting level of income. However, it’s sad that people fall for claims such as “make a bunch of money by working just 2 hours a month”…