S4E4: MLMs and Pyramid Schemes: Paths to Wealth?

Season four is all about the various scams and frauds you need to be aware of while on your financial journey. In this season we will discuss scams, pyramid schemes, predatory practices and more. Today we’re talking about Multi-Level Marketing Companies and Pyramid Schemes and whether they're a path to wealth. Submit your question to be discussed on the podcast or a story of your experiences, here.  *Student Loan Update*  What is an MLM? What is a Pyramid Scheme? What are the differences between the two? How do MLMs work? Examples of MLMs Who do MLMs target? Are MLMs a way to become rich or wealthy? Examples of Pyramid Schemes What are the red flags? Are MLMs (pyramid schemes pretending to be MLMs) worth it?