I laughed, told him I wasn't interested, and warned him that he didn't own his network: that the MLM could take it from him at any time, and it's why most of the experienced salesmen I knew lived well below their paychecks. He grew very upset, told me I didn't know what I was talking about, and basically behaved as if I had insulted his religion.
Well, half a year later I was laid off and found a new job with a marketing automation firm. On my second day, we had an all hands meeting where they were announcing that the MLM he worked for would be immediately breaking contract and leaving our platform because they reached a settlement with the DOJ over their methodology. Effective immediately, they were going to a distributor model and ceasing all payouts for network related sales.
I knew his world was going to collapse before he did. In the end, he had to sell his house and most of his possessions, his wife divorced him, and he tried to break back into the MLM world but could never get anything started. Nobody wanted to hire him for a traditional sales role because they regard MLMers as lazy and dumb. He's back at another chemical refinery, hoping to work there for another 20+ years to earn another pension.
I don't understand that... If he was two years from retiring, then he only needed two more years of salaried employment somewhere lese - didn't he ? What country did he live in ?
They only exist at taxpayer funded employers or legacy businesses like oil and gas, but most everyone else has switched to defined contribution pensions, but those are referred to as “401k” or “401b” or some other letter for the appropriate section of the law that specifies the tax benefit of saving for retirement.
The latter are better ever since low cost index funds came about, as you get to skip paying the DB pension administrators and remove agency risk.