Multilevel Marketing Schemes & The Scam of Financial Freedom

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MLMs have been selling the scam of financial freedom for decades, and I’m fed up. Let’s talk about it.

Multilevel marketing schemes, also known as MLMs, network marketing, or sometimes even pyramid schemes, sell the idea that you can make money and get rich easily. But the truth is far from that. From crippling debt, to preying on vulnerable communities, to many lies and deceit, multilevel marketing schemes have a whole lot of problems. In this video, I talk about why MLMs are dangerous, who they prey on, the fantasy of the get-rich-quick scheme, and how to actually become rich.

LuLaRich documentary trailer: https://www.youtube.com/watch?v=nJgkwIHp1pc&t=21s

#multilevelmarketing #mlm #personalfinance #videoessay #scams #moneymanagement #financialfreedom

💌 Want to support the channel? Here are a few ways!:

– One-time donation: https://www.buymeacoffee.com/cara.nicole
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🎥 Check out some of my other videos! 🎥
– How TikTok Is Fueling Overconsumption: https://www.youtube.com/watch?v=GKkQdS6VxNM&list=PLwBDOElnDYbn9pXLf4MngslJoHA4Wygzh&index=9
– Let’s talk social media’s ‘aesthetic’ obsession: https://www.youtube.com/watch?v=ti4PGYISY44&list=PLwBDOElnDYbn9pXLf4MngslJoHA4Wygzh&index=2
– Influencers Don’t Care If You Go Broke: https://www.youtube.com/watch?v=X0GV_0H-q1w&list=PLwBDOElnDYbn9pXLf4MngslJoHA4Wygzh&index=4
– How Designer Brands Keep You Poor: https://www.youtube.com/watch?v=UzJQiqhldXo&list=PLwBDOElnDYbn9pXLf4MngslJoHA4Wygzh

Want more videos on money, media, society, and intentional living? Be sure to subscribe for more video essays!

Time Stamps:
00:00 Lularoe’s $5,000 investment
01:17 Let’s talk MLMs
01:37 Dark reality of making money in MLMs
02:41 Pyramid schemes vs MLMs
04:18 Selling the idea of financial freedom
05:52 Why does this matter?
06:10 MLMs vs Gambling odds
06:52 Devastating financial consequences
8:10 Who MLMs prey on
9:10 MLMs targeted me!
10:29 How I knew I was in an MLM call
11:40 The MLM “opportunity” trap
12:05 “Get Rich Quick Schemes”
12:52 What do you think?

Keywords for some sweet, sweet metadata:
Multilevel marketing, MLMs, network marketing, financial freedom, personal finance, money management, making money, income, social media, video essays, video essay, dark reality of MLMs, scams, side hustle

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