It’s the compensation plan for this new
business I’m starting – a vitamin company. It looks like the sky is the limit in terms of earnings potential! Here’s the
catalogue.
* the
sky is the limit: the possibilities are great
ex> When it comes to options for your
new car, the sky’s the limit.
ex> If you have a lot of money, the
sky is the limit when planning your vacation.
Yeah, like a Ponzi scheme. Is it one of those?
* Ponzi
scheme: a form of fraud in which the first investors receive payments from
later investors, who invariably lose everything
ex> Although the business appeared to
be a Ponzi scheme at first glance, it had very strict rules for pulling
out your investment.
My uncle Rick was in one of these
companies for about three months and he said it was all a scam. He didn’t make
any money at all. In fact, he blew about $5,000 on
the products.
* blow:
to spend without caution
= lost; waste; throw away
ex> Bill blew his inheritance
on a year of partying and first-class travel.
See the problem? Rick wanted a get-rich-quick scheme and when it didn’t
magically happen, Rick made the company the scapegoat for his failure. It only works if you work.
* get-rich-quick
scheme: a plan that promises a high rate of return for little or no
investment
ex> Rex will buy into every get-rich-quick
scheme that comes along.
ex> The business may look like a get-rich-quick
scheme, but it takes more work than a traditional job.
* scapegoat:
a person or organization that is wrongly blamed for a problem
ex> The president was made a scapegoat
for the poor introduction of the new healthcare program.
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