Bot Watch 50 - watching the mighty fall.

[Whiterangey]

Its forever living's global rally. Watching the top bots collect greatly reduced cheques.

Remember to always check companies house to check if someone in your upline is really earning what they say.

What’s the word on the street in Yawns patch. How’s bizniz when you can’t hustle?
Castle sounds like she is pulling up the drawbridge.
Have none of them found WhatsApp to share family photos?
I had a Skype call followed by a video today but they are not for consumption for everyone and their dog, so why do the bots persist?

I did a company house search for companies which are all registered to the same address (all the big names in forever who got cheques use the same firm, apparently) and searched using the postcode and 'forever'.

There are a whole load of dissolved companies, and unhealthy balance sheets on there.... including some of those gushing about the Global Rally on facebook.

Other terms to search for include 'global' and 'success'. All meaningful business terms that actual entrepreneurs use all the time...

Other terms to search for include 'global' and 'success'. All meaningful business terms that actual entrepreneurs use all the time...

Interesting about the fiancée. I still thing Mr bloodsucker is being far too quiet too. He used to be all over it himself rather than just as The plus-one, his videos are everywhere on you tube.

Yes the upper-level FL bots' accountants of choice oversee a veritable swamp of poor practices, not least of which are taking out unsustainably high directors' loans and a lack of provision for leaner years...

Must indulge the instant gratification and spending on 'attraction' purchases though...

If Bloodsucker and Uber stopped botting now would they need another source of income ie JOB or are they sorted for life? How old are they both? No pension though unless they've been paying into their own.

How long do we all think FL has got left in the UK before the plug is pulled. Nobody is making any money apart from Uber and Bloodsucker. Even Castle and Yawn now can't pretend that their "business" is anything but an expensive failure. I would imagine the Castle siblings are leaning towards getting out now. The accounts are due in autumn?? Should make interesting reading.

my pension pot is around the same, maybe a little less BUT I owe nothing to anyone, this make me happy

I’m going to take an early wager on the UK contingent in Sydney being in the low single figures next year. Bloodsucker, Uber and Token Manbot alongside possibly Lanza and maybe one other. I think Castle will have left by then.

I think a trip to Sydney to not pick up a cheque will be beyond even our most beloved of former high-ranking bots.

Uber is 43, so still lots of working years left unless she has invested any money wisely which I doubt.
No idea how old bloodsucker is. Much closer to retirement age though.

I’ve said it before and I’ll say it again...the fact these bots have taken out such huge loans baffles me. Why would you borrow from your future self if you’re making so much money now?
I suspect they took out loans to buy their cheques

I think the loans are tax efficient which is why they do them.

@BangingOn - I'm no expert, but isn't that only the case if they get repaid within a certain time?

They don't understand how to run a business. Hence why they borrow from themselves according the good times to continue.

Castle has posted the blurry photo of get cheque on get Instagram and detailed what she is spending it on.

Helping someone they love hugely with their home deposit . That's got to be her sister, which is weird as her sister says she is making a fortune.

Sending one of those she works with on a holiday. Probably one of her downline cheques to keep them from leaving FLP.

Helping her nephew with his car insurance. Her sister can't even afford to post her son's car insurance. That's tough times financially for sis.

Also something about charity, probably a couple of quid in a collection tin.

Her sister was playing a month back about how they were measuring their new house for curtains and were just waiting for it to be finished being built. Given that they had to wait for Castle to get her cheque before she even put down a deposit says a lot.

Though I think someone worked out she would only get about £30k in GBP, not a lot to help with a house deposit.

The home deposit could be for a rental for bruv as it doesn't say anything about a deposit on a purchase.

At the moment I get the impression he's in a shared rental. Maybe he's going to rent with the secret bf?

Is being gay looked down upon in FLP?

I get the Mormon connection, but would they really discriminate against someone because of it ?

Rexy is very homophonic. I wonder how bruv feels about that.

Lovely Rexy donated to stop the marriage laws being passed. I think it was around the 100k$ mark. It was in the accounts.

Whiterangey

Ref checking companies house to see what they are earning

Only limited companies with a turnover exceeding 6.5 million have to submit full accounts showing their turnover

The rate at which FLP UK's turnover has been heading South means this year's accounts, due on 30 September, may well be the last ones not to fall under "small entities" reporting exemptions...

@Norma27 - Cognitive dissonance (also known as knowing which side your bread is buttered on).

My OH had always been a staunch feminist and defender of gay rights. When I asked her how she squared this with the religious affiliations of the owners of FLP, and the founder's funding for anti-gay marriage organisations, as well as the gender make up of the corporate side of the organisation, she admitted that she was 'not totally at ease with it', but this didn't in any way diminish her determination that the organisation was the answer to all her wishes.

I know this dilemma made her unhappy somewhere deep down, but this unhappiness manifested as resentment at me making her confront the fact, rather than in her questioning her commitment to FLP...

Director's loans are a way of getting money out of your company and putting off the tax for a bit longer. If you pay yourself a dividend from your company tax will be payable on that, but no tax is payable on a loan unless it is outstanding 9 months after the company's accounting year end. At that point you can either pay a tax bill of 32.5%, write the loan off and treat it as a dividend, which will be taxable as normal on your tax return, or pay the loan back.

They don't HAVE to pay the loans back, but if they don't pay them back they will be taxed on the amount, and if they haven't kept enough back to pay the tax, that's when they could get into a mess.

Thanks @darceybussell, that's what I thought.