Nothing to Lose, Everything to Gain: How I Went from Gang Member to Multimillionaire Entrepreneur Review

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Nothing to Lose, Everything to Gain: How I Went from Gang Member to Multimillionaire Entrepreneur ReviewThe good: This guy was very, very, lucky. He could have very easily remained a "gang member" and wound up dead or in jail. He did take advantage of opportunities that were handed to him. He did show initiative and followed through and was rewarded.
The bad: 99% of his success was due to his Mom hooking up with a rich guy. Real Dad was an executive and also an over-extended meth head. His Mom only left after things got so bad that the authorities got involved and they move from a nice neighborhood to the bad part of town. Ryan claims of a humble middle class background is a deliberate understatement - his father was a engineering VP and he lived in a very wealthy town.
While in a bad part of the wealthy town Ryan became "gangster" (much different than being a gangster in the inner-city) and was incarcerated several times. Ryan was charged with "strong arm robbery and battery" meaning he actually crossed the line - hurt someone and robbed them. Ryan wrote a letter to the judge begging for mercy - which the white judge granted and sentenced him to probation rather than jail. It would be interesting to see how many inner-city gang members of would get the same treatment as a white kid from a wealthy town. Luckily for Ryan he was never tried as an adult and his juvenile records are sealed.
A few years later Mom hooks up with a wealthy guy while she was working at the local deli who opens up a lot of doors for young Ryan. The book implied he pulled himself out of the "gang life", but it was all the result of his wealthy, well connected, step-dad who saved Ryan's family.
The rest of the book is your basic popular biz/self-help schlock that you find in the Multi-Level Marketing industry (Ryan's company, Amway, Shaklee, Mary Kay, etc..) where employees/distributors are the main customers. The book glosses over any real business issues while spending the most time focusing on promoting his lifestyle and his MLM company. It's surprising that people would get involved with a MLM business whose CEO has a criminal background.
The book does address the obvious aspects of being an entrepreneur. Work your butt off. Respect money. Build connections. Take risks etc. that you will find in most other business books. But his depictions are inconsistent. For example, one of his chapters is titled "HONOR YOUR DEALS". However, when he had a deal that he had signed off on, and suddenly doesn't like, he throws a hissy fit and threatens to sue everyone and sink the deal. How is that honoring your deal?
So does it work? Blyth, inc, the parent company for Ryan's MLM, stated in a SEC filing that "As of July 31, 2011, the estimated redemption value did not exceed fair value and no adjustment was recorded. For the calendar year 2010, ViSalus did not meet its predefined operating target"
I was very disappointed and regret this purchase. I feel scammed as this book is a 200+ page advertisement for a multi-level marketing company whose CEO is basically a lucky petty criminal.
I'll be much more careful with my next purchase.
NOTE: For anyone even considering joining any MLM. Ask what % of their income is from products vs distributor fees pyramid scheme and ask for the income breakdown of their distributors by percentage false hope ). If you can't get those answers - ask yourself why the company it hiding those figures.
For good article on MLM/Pyramid Schemes:
Search MLM of the US Govt Federal Trade Commission web site.
Search "MLM the truth" in your favorite search engine
The sad truth is many people joining MLM's really have "Nothing to Lose" and then quickly find out there was "Nothing to Gain" after they've lost their time and their money.
Nothing to Lose, Everything to Gain: How I Went from Gang Member to Multimillionaire Entrepreneur Overview

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