This just shows how little CNN Money gives good financial advice. They have a section on CNN Millionares showcasing a couple who want to retire by the time they are 30 by having a $1MM networth. After you finish laughing guess what this couple do - Regional Vice Presidents of Primerica
Not only is CNN giving free advertisement to this bogus company, they are willing to showcase people who are saying that $1MM is enough to retire a 30.
Here is the link: Link
Here is the post:

Darwin Hayle 25 and Marisa Hayle 28 years old

Not only do we live by millionaires standard we exceed the standards because our mission is to retire at age 30 as a cash millionaire. We own a financial services company that educates middle income america about the rules to the money game. For example we teach people about how the Rule of 72 is used to determine how to make the most of compounding interest. Buying his first house at 18 years old we have been able to use that profit to purchase two additional properties. With the lump sum of money we invest in mutual funds and use only the gains to pay the mortgages.

Our goal is to obtain 100,000 shares total, $1,000,000 in cash, and $10,000,000 in assets under management in our clients portfolio by the time we are 30. We know we are on track for that because we are credit card debt free, save 20% monthly that is distributed between money market, Roth IRA, and individual mutual funds. As Regional Vice Presidents of a company, Primerica, where the income potential is limitless we also invest our time to be Million dollar earners before age 30. Our travel is 100% paid for by the company that hosts trips twice a year so we can enjoy life without sacrificing our savings goal. Yes we shop at Target and eat at TGI Fridays to maintain a strict budget.

The pictures attached show the home we just had custom built, our business team of millionaires in training, and the ones of me and my husband are from when we were featured in our company's magazine called FYI.

Due to our knowledge of money, work ethic, current income status, and savings strategy's we ARE millionaires in the making and deserve to be featured in the magazine!

Comments by users (i suspect some fatwallet users might be here too)
BNL // 6 days ago
C'mon, do people really pay you to tell them about the Rule of 72?

gumbymaster // 2 weeks ago
Primerica is a soulless company that preys on low and middle income families. Selling costly investment products to people who do not need them is the height of ruthlessness. Its too easy to prey on the ignorance and desperation of people in pain while filling your own pockets. Look into your moral soul for answers - money earned at the expense of others will infect your mind and the pain will follow you to your grave.

JackDeath // 2 weeks ago
I'm glad your lives are so fulfilled in your pursuit of cash money. Now you have status and can look down on people with your pimp poses.

azdesertrat // 2 weeks ago
Nice advertisement for Primerica...but what exactly are you trying to report?

Is he the Regional Vice President, the Assistant Regional Vice President, or the Assistant to the Regional Vice President?

Is there any reputable company where you can work part time giving financial advice part time and make some money? Organized common sense, basically? Dave Ramsey makes a lot of bucks doing it, how do I? I like the IDEA of Primerica, just not the execution. Don't know much but I bet the fees and commissions are high.

I want to make some bucks but not by overcharging a customer.

rcbullock said:
I want to make some bucks but not by overcharging a customer.Its possible to make bucks by not overcharging a customer. a lot easier to make BIG bucks by overcharging however. And what do you consider overcharging? Overcharging is definitely relative.

comptalk said:If you had lets say, 2mil in cash, paid off house, no kids, you could live off the interest. When MM rates were paying 6 - 8%, that's still 120 - 160k per year. Since the market averages around 12% over time, it can be done. You would still have to live pretty frugally though.
I wouldnt count on market average when I need a steady stream of income for my day-to-day living. Even then, 12% is ambitious. The other BIG factor to consider is inflation. What would 120k be in say 25 years when the couple is still in their fifties?

so basically these guys get rich of scaming their family and friends to sign up for this? what a joke. i would bang his wife though. and on the bright side atleast he isnt sellin crack rocks off the street to kids, just bs financial plans to adults. if you are adult and dumb enough to fall for this trap than you is are is dumb enough to fall for this trap.

this is a better plan...i would think.

BEST LAID PLANS

I was involved with this at one point but got out after the discussions always went back to "get more poeople to sell" instead of talking about the products themselves. Most of the people I knew in the program were uneducated and couldn't explain a financial vehicle from a hole in the ground. Some of them were legit, but from what I heard, they were ran off in time.

mauricer said:yeah, those 2 in the pictures do not look very edcuated

Really?

Check out the pictures. There's a picture of a McMansion, an unfurnished interior shot of a kitchen, and a BMW 7-series. However, the BMW is clearly not parked at the McMansion. It looks to be parked in a driveway of a townhouse. Picture #3 looks like a hotel corridor...there's a commercial door in the background with cars parked outside and the carpeting and wall plants look very hotel-ish.

Weird.