Most people today live on credit. Average incomes have risen 72% over the past decade, and yet personal debt is up 123%. Unbelievably, interest rates on deposits are at a 40-year low...but interest rates on credit cards is an astronomical 18-27%. It's no wonder the average person falls into a never-ending trap of debt. In fact, the average person will never get out of debt.
If you find yourself caught in that vicious cycle, It's Time For A Change.
In the past I have done an entire training program on this subject titled "Straight talk to Network Marketers regarding Wealth" I obviously can't discuss the entire training here, but let me share with you a few of the highlights. Until you are in a situation, where you don't need your commission check to live comfortably, YOU HAVE NOT MADE IT!
This is the best piece of advice I can give you. This industry is notorious & full of people that were earning $40,000 a year prior to joining a network marketing company, who start making $10,000 a month and SPENDING $12,000.00.
I can not tell you how many people I personally know who made millions of dollars in our industry and eventually filed bankruptcy. Ladies and gentleman, this is sad, very sad.
I have tried to communicate to people "Don't buy a Mercedes until you have bought a duplex!" What am I really saying? Every network marketer goes through a "toys stage", unfortunately some STAY in the "Toys" stage.
Go buy a nice car, take your family to Hawaii, or your spouse on a cruise. When we started making big money, we did all of that. I bought a couple of Dodge Vipers, flew my family 1st Class to Hawaii for 10 days, and Stephanie and I went on cruise to Bermuda.
We had the private plain, Limousines, and took 5 vacations a year. I stayed in the "Toys" stage too long, please learn from my mistakes. I bought rental property and made other good investments, but I should have done a lot more, a lot quicker. Read "Rich Dad – Poor Dad" and FOLLOW THE ADVICE IN THAT AWESOME BOOK! Your ultimate goal should be to learn how to use your residual incomes streams to invest in Cash Flow generating assets.
You ultimately want to get in a situation where you have enough income coming in from your investments to live comfortably.
The steps are simple:
Step 1 Get out of debt, everything but your home
Step 2 Go through a toys stage, but not for too long
Step 3 Pay off your home
Step 4 Invest in Cash flow Generating Assets
Step 5 Once you have enough cash flow coming in each month to live comfortably from your assets then you can move back into a toys or travel stage for as long as you choose and really enjoy your "TRUE WEALTH"
Don't fall into the trap that so many network marketers have over the years. Get mentally prepared now and make good decisions about your future and follow through with those decisions when the cash flows to you.
Dale Calvert has been involved in the network marketing industry as a top distributor, company vice president, and company owner for the past 25 years. You can subscribe to his top rated "No Fluff" MLM Newsletter at http://www.MLMHelp.com or see a directory of his sites at http://www.DaleCalvert.com
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