The Other Side of the Equation

The last couple days I have mentioned budgets and emergency funds. These are ways to control spending. However, that will only get you part of the way to financial freedom. And, it will only deal with the immediate present, not the longer term future.

Ultimately, you will have to look at ways to increase your income. This can be done countless ways, but all of them take time and especially effort. Most people are only familiar with one form of income, their job and the paycheck that comes with it. It regular and it's consistent, which is why most think it is secure. However, in uncertain times and frequent corporate layoffs, this can be very stressful and not secure at all.

Probably the most popular way people increase their income is with a part-time job. This can raise your income, but you are sacrificing most of your available time for usually a low wage. This will not make a big difference in the long term. A better avenue might be a part-time business. There are hundreds or even thousands of these available. They are known as MLM (multi-level marketing) or network marketing opportunities.

They primarily have a bad reputation for a variety of reasons. Most don't make any money in MLM and quit after buying hundreds or thousands of dollars of products that they won't or don't use. This is the "buy a lot and let in rot" scenario. They'll buy books, CDs, and tapes of how successful people built their businesses. The big problem with this is two fold. One, they are not you, and have different talents, work ethics, contacts, and other resources than you. Two, many of them make more money on the books, CDs, and tapes than on the real MLM business.

Many people also do not have experience selling or marketing items. They don't want to pester their family and friends about the latest "opportunity". Some do this and enter the NFL club (No Friends or family Left). Their friends cringe when they see you coming because there will be another pitch about something.

Many other MLMs are not legitimate businesses, but illegal Ponzi schemes. This is when participants are paid primarily from money received from new recruits, or if they are required to buy more product than they are likely to sell. This is illegal in most countries.

Well, tomorrow I will get into the secrets about how legitimate MLMs can make you a lot of money and how you can do it without pestering your friends.

Let no one deceive you with empty words, for because of such things God's wrath comes on those who are disobedient. Therefore do not be partners with them. Ephesians 5:6-7 (NIV)

If you have any comments or questions, please feel free to email me at the address below.
Email: DeltaInspire@panama-vo.com