So the bottom line is that you are only $100 short each month?

Is there not a way to earn that much extra? Is there a way either one or both of y’all could take a 2nd job? It would be temporary of course, till you get on your feet again. I am just thinking out loud … you say you don’t want to do the loan mod. and if a 2nd job could keep that from happening why not put a hold on the mod for now? Retail stores are now (or will be) hiring seasonal help.

If earing extra $$ is not going to happen, what about getting a deferment on the student loans or hardship case?

I would do it

I think (but am not positive) that DR says if you can recoup the “refinance” fees (or whatever they happen to be called) in 5 years or less you should do it.

Over 15 years, that $200 a month becomes $36,000. That’s likely enough to pay off the 20% in its entirety and then some.

Having had the same “upline” as him

I was nodding, and nearly reciting — word-for-word — all the Ambot answers and brainwash bull$#1t. It was, for me, an uncanny, sickening, infuriating (and cathartic) read. I’ve gone so far as to take up Mr. Schreibler on his request to contact him with personal stories of this nature. I have to tell you, the “detox” period of abject fear, hopelessness, distrust, emptiness, aloofness, emotionally distance, etc. that he describes so well is something I went through on my own — without a clue as to what was going on. Upon reading his book, I recognized and identified with all the symptoms he details — I actually started weeping like a baby (but don’t tell anyone that!) I simply can’t say enough about it. Well worth the read.

I plan on getting the Hassan book, too, as well as Ruth Carter’s book. I can’t express enough spiteful hatred for the EVIL that scum like Yager, Coniguliaro, Harteis, Britt, Wright, Sutton — continue to drip out of their purulent mouths, twisting and screwing everyone they can. I hope to be a force to help stop them forever.

I know I had to go through that experience as part of my life’s journey, but MAN! I’ll take a rain check next time. With a little luck, James, maybe your mom/family will come out the fog. It will be a tough walk, but please, whatever you do, steer and stay clear of it. It sounds like you’re doing the right thing.

Thoughts on Mortgage Modifications

So…we’re trying to make a decision that’s a big one. When we got married almost 10 years ago, we were relatively young. As 24 years olds, we were stupid. Majorly stupid. We had plenty of credit card debt that we just kept racking up, but we thought we deserved a house, so we went out to try to see what we could get. So we applied for a mortgage for a small house, and went looking. We found our current home, which was originally listed at $190K, had been reduced, and we were so proud of ourselves for getting it for $135K. We were so proud that we figured any mortgage we could get would be fine, and so much better than “throwing our money away” renting, right? So, my husband signed on the dotted line for cash advance online with instant approval and I had a temp job, so they didn’t want to use my income as consideration, we had a home. Common story, housing values tanked, and at its lowest it was worth around 80K. It’s come back up a bit and is now at around $100K. Problem is..our mortgage. We signed for an 80/20 loan, with the 80% mortgage being at over 7% and the 20% being at over 10%! STUPID!!!! So, we owe way more than our house is worth, have a horrible, awful loan, and it’s not even government backed, so have no ability to re-finance, etc., even though we have never missed or been late on a single payment. We might have been late on everything else, but we never missed that payment.

Husband checked out our options and for the last year, we’ve been seeing what our bank can do for us as a mortgage modification. We have cut our budget like crazy, paid off credit cards years ago, but are having a really hard time making the spreadsheet balance on this monster mortgage payment on a 800 square foot house.

We finally heard back on a mortgage modification on the 80% loan (they’ll only do one at a time, and want the trial period and modification on one loan done before they’ll do the other 20%) We’re just having such a heavy heart over whether to do this. We’re not walking away – we were the stupid, young ones who made the decision (stupid the bank let us, but ultimately, we are responsible for our financial decisions) I have this feeling like the modification is shirking some responsibility in some way — although it also could just be seen like a re-finance — and I’m not even positive whether this is the right financial decision, but there is no way that we’re ever going to get out from this loan the way we’re going — with the amount of interest we pay, we never may any headway to try to get any equity in this house.
caution
The modification could tank my husband’s credit (but not mine — my name is on the title only, not the mortgage) – during the trial period, it would be listed as paid as agreed, and after, would be listed as a modified mortgage. But, since we’re not planning on applying for more credit anytime soon, the only thing that would affect is our house/auto insurance.

I should mention we are nowhere near out of baby step 2 yet — my husband has astronomical student loan bills — which is a majority of the reason we can’t get on our feet. We need to have more money available for the snowball, especially after I didn’t receive my normal yearly bonus (I was hoping that would get things rolling again!)

So, thanks for reading — the mortgage modification would reduce our monthly payment on the 7% loan down by $200. That $200 would “go back into” the loan during the trial period, but the loan interest rate in the long term would be reduced to 5%. Even if it technically would reduce the length of our loan, we could probably afford to put $100 back into the principal monthly if needed (or more likely, use for our snowball). We’re about $100 short on our other bills each month, so this would do that. We have our baby step 1, but it seems like every time we get it back up, murphy hits.

Thoughts?

On the “business meetings” and “trainings”

Yeah, I’ve been to a few of them now (on the local, regional, and international levels) and they are running together because there is so little substance being imparted. I’ve attended real business meetings and trainings before and some of the stuff they do in those “trainings” just wouldn’t fly.

About a year and a half ago in college, I took a series of 4 timeshare classes which dissected every caveat of a scripted presentation (if not for that class I may have taken the Kool-ade and need windex for my eyes LOL). Additionally, it’s also where their “top salesperson” came into the class and proudly stated that he outright makes up stories that he uses to sell the product. Ever since then I don’t trust anything at face value that someone is telling me that I can’t independently verify with multiple sources.

I’m someone who doesn’t like to “Buy into” things anyway and unfortunately it sometimes comes off as callousness or humorlessness;
and that’s part of the issue. She sees my lack of faith in the system as being negative, while I on the other hand see both sides of the issue and know what it truly is. I don’t want to have to shut away my instincts and credibility to only be rewarded with money (if that is even the reward), it’s plain not worth it.

Speaking about research though, I’ve done plenty into brainwashing and cults so some of the methods were familiar to me.

Is Hassan’s book something I’ll be able to find at a local library?

I’ve been shielding myself as much as I can ever since she started, mainly concentrating on school and the running of my own store. I have a silver tongue sometimes (though it’s usually under maximum security and completely out of character for me *sometimes*) and there have been only been 3 incidents since September that I’ve let my frustration slip. Unfortunately at the moment I’m completely financially dependent on the family which makes it complicated.

If it comes down to having to change my perspective, then so be it, there will be no other way at that point.

You’re right in that call

about how it changes families. I know that at this point she is grasping for straws and positive messages as business is slowing down.
I personally hate the idea of “buying in” to idealism because it shuts off your instincts and I don’t like not having that sense active (the vary rare exception I embrace is the “E-myth” philosophy by Micheal Gerber, but that is grounded in logic). Unfortunately, not taking things on faith (like she is at the moment) is portraying me in a “negative” light, but again it is understood that she is being fed the rhetoric and she wants so much to believe it is legitimate. The only thing I can do at the moment is ride it out, and I’m good at that LOL.

I’ve familiarized myself on the comp plan

and you’re right in the fact that it is set up as a recruiting scheme. I’ve been keeping her mostly at bay with the excuse of schoolwork and my store’s obligations and it has helped out a bit.

I mentioned my uncle in my original post, he is usually my confidant away from the house, but now that he’s “buying into” the philosophies that are being touted is part of what has driven me to this board.
Again mentioned in my original post, I’ve forgone any semblance of a paycheck to help with the finances of the store (as of now I just have it paying for my gas which is the minimum I “need” out of it) so she bought my distributorship and I currently have no way to pay it back.
I’ll have to see what happens after this week because that’s when I get out of school.

I appreciate the kind words

one of the first things to stand out about it was the scripted presentation and the lack of information about the product (that’s what really set the alarm bells off).

About a year and a half ago I took a set of electives and ended up taking 4 timeshare sales courses. Consequently, through those classes I was given a complete dissection of how a scripted presentation is set up and all it’s elements are put together (not that I didn’t know already, as I’ve attended several with my family over the years).
Thankfully it gave me the ability to see through the rah rah aspect of the “trainings” and “business opportunities.”

As of now I’m just steering clear of everyone I can afford to miss and concentrating on finishing these last 2 classes before the bachelors degree at the end of the week.

Unfortunately, this is what MLM does

It splinters families, destroys relationships and renders most in its path completely and utterly broke.

As others have mentioned, your mom is being told daily that anyone with anything negative to say about her business (her hopes & dreams) should not be in her life. So you definitely want to be careful in how you deal with her now.

Lol…I can recall my own father asking me hypothetically if I would take $2,000/week salary right now in exchange for my MLM business. My answer? Not a chance because I just KNEW how far this was going to go.
I’m glad I can laugh at it now! I so respected my father and KNEW he didn’t buy the MLM thing but he never said anything against my business. Just that he hoped I was right and was happy that I was happy, etc.

One thing I would be clear on though and that is to not enable her via financial support.

Good luck!

Your education and instincts are spot on

Now you must educate yourself on how not to become a “negative person” inyour mom’s eyes. She’s being slowly indoctrinated to break ties with all things “negative,” up to and including her immediate family. Arm yourself with knowledge, of which there is plenty in the archives of this group alone. In fact, you’ll find your story played out over and over again.
Learn from it. There is a wealth of information and advice in the archives.
There are survivors and there are affected family members here, even a relative of someone who helped start Amway (definitely one to whom to listen). There are many excellent, insightful posts; so much so, you’ll feel a wave of relief just to have this resource.

In short, the best approach is not to come off as “negative” (easier said than done). Innocently ask her questions she can’t answer, making her consult her upline; questions that make her really think. You can show her the logic, prove your case, but she is being indoctrinated to simply dismiss you as a dream stealer. YOU MUST UNDERSTAND YOU CANNOT SWAY HER WITH REASON. She must come to the conclusion on her own. You can only guide her with carefully presented questions.

They are using her dreams against her (and you) to keep her hooked. She is being conditioned to think emotionally, to sacrifice for her family. This is a powerful, well refined technique developed over decades, so it’s not really her fault for being victim to it. Proceed caringly and with caution.

It’s FREE. I was never actually in an Amway Motivational Org, but I was being recruited (by my boss, even) into LTD (Larry Winters) when I found this group and subsequently the book. I saw first-hand Winters’ “quality leads” technique. The weekly meeting I attended was described perfectly in the book, and my boss was a textbook example of the rhetoric espoused by virtually all MLMs. I once told him certain aspects of his “LTD business” made me uncomfortable. Without missing a beat, he said “Which aspects?
Making money? Helping people? Retiring early to spend time with your family?” His upline would have been damn proud of him. I shook my head and left his office. That was over two years ago and I am so fascinated by this dodged bullet I still lurk and follow most threads.

Judging from your well composed message, you’ll be able to handle this in stride if you just do the research. Most, if not all, of what you need to know is right here. Good luck, and please let us know how it goes!

I am a former ACN Distributor

It has been about 10 years since I last went to a meeting, so I am not sure what has changed since that time. I do know that the company has gone international.
My perception of the company, based on my own experience is that it’s mostly a recruiting scheme. The customer acquisition bonus that’s paid out to up-line when a new recruit gets the minimum number of customers far outweighs the actual residual income checks. The percentage is so small that even after I hit the third level, my monthly checks never even broke $100.
Every week there were weekly meetings that we were expected to attend and pay for. Then the monthly regional’s and the quarterly nationals. All paid for out my pocket. At every regional or national there was a new training tool that would revolutionize your business. A must have. It would be unveiled just before lunch break so every one would rush to the exhibition hall and buy up dozens of the things.
I worked the business for about 3 and a half years and earned maybe $5000 to $6000 in that time. I spent about three times that much on all the training events and tools.
The worst part of this and opportunities like them is that they are presented in a very deceptive way. You’re told that it’s an easy, almost effortless way to make money and that you’ll be living a life of ease and comfort in no time.
The reality is that only those handful of people who have the stamina to work 24/7 year in and year out ever make it to the promised land. And they do it on the backs of a lot of people with no talent for selling which is the other requirement. At one of the trainings I heard a top money maker brag that he knew ACN would work for him because years earlier he had made a killing selling ineffective, over priced water filters to people. You have to be able to sell the dream even when you know that the person your taking $500 from doesn’t have the fortitude to work the business.
There also is a cult like aspect to most MLMs. In ACN we were told to avoid anyone who might be negative to the sales pitch. They were classified at the time as “rotten apples.”
Having said all this, there are people who make money at this game. The shark-like amoral people who will sell anything, regardless of it’s value, to any one. Also the companies whose products ACN markets make out fairly well.
I know this for a fact because some of the people I signed up for long distance service all those years ago are still using the service.
I would suggest that you try and set some ground rules for you and your mom.
No business discussion at all. You don’t have to buy into ACN to be supportive. If she has paid for your distributorship out of her own pocket(not uncommon) offer to reimburse her if you’re not interested in working the business.
We were also told to get out prospects lists as soon as possible so that we could mine them before the person got cold feet and decided to drop out. You can say no to this. It might be awkward at first but in the long run it will be okay. If ACN is the can’t fail opportunity that they promote it as, your mom will do just as well without pestering your friends.