616 MLMs vs Pyramid Schemes

616 MLMs vs Pyramid Schemes

From Dev Raga Personal Finance by Dev Raga

April 28, 2026 · 11 min · Season 6

About this episode

Dev Raga explains the differences between Multi-Level Marketing and Pyramid Schemes, including their legality and potential earnings.

In today’s episode Dev explains the difference between Multi-Level Marketing (MLM) and Pyramid Schemes touching on: 👉🏾 what is MLM and how does it work 👉🏼 how much do most MLM participants actually make 👉🏿 what is a Pyramid Scheme and why are they illegal 👉🏻 real examples of legitimate MLMs 👉 is joining an MLM actually worth it? Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? Check out https://www.spherehomeloans.com.au Need to review your personal insurances? Head to https://skye.com.au Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit…

People in this episode

Host: Dev Raga

Topics covered

  • Multi-Level Marketing
  • Pyramid Schemes
  • financial advice
  • MLM earnings
  • legitimate MLMs
  • investment risks

Keywords

  • MLM
  • Pyramid Scheme
  • financial advice
  • investment
  • legitimate MLMs
  • earnings
  • illegal schemes

Sponsors

Sphere Home Loans, Skye Wealth

Mentioned in this episode

Organizations: Money Sherpa PTY LTD

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