This one is going to be a bit of a downer.
Apparently, the world of network marketing, AKA multi-level marketing, AKA pyramid schemes, has noticed the increasing public interest in financial independence and early retirement, and started co-opting the language and terminology used in FIRE circles as a way to scam people. I have not personally encountered this, but in the last few months, it’s come up a lot in personal finance and early retirement oriented forums and groups. So let’s delve into this and take a look at what exactly these creeps are doing, and how to avoid them. Continue reading