Allowing someone else to control your paycheck is the worst thing you can do.
I was introduced to MLM at the age of 17. I went to a meeting with my father and a man said to me “I can make you a millionaire” – I was hooked. I had to wait 2 months for my 18th Birthday to even get started. I became at that time the youngest person in my province to be life insurance licensed. That one meeting changed the course of my thinking and beliefs around business, education and work forever. It was the beginning of my personal growth journey.
I met Ryan 3 years later and introduced him to this wonderful industry and we continued the journey together. We spent our first 1-4years “learning” as they call it in the biz. Which is code for spending more than you make and being broke as shit.
Hotels, travel, products, promotions, team events, meeting, gas, coffees, dinners, phone bills. You name it there’s an expense to it and it adds up. But these are the “learning years” everyone calls it. For us we can proudly say that all of our sacrifice and years being broke as shit paid off. If you want to know how broke – try $100,000 in consumer debt broke. All from chasing the dream. Trust me when I say we lived very miserly. We just burnt all the income bridges we originally had from our J-o-b-s to make sure we lived the dream. Looking back I would never recommend that EVER to anyone.
We are a 1 in a million dollar story who made it happen and lived to pay off everything through MLM. We went on to become Million dollar earners with our last company which is an amazing accomplishment in direct sales. We hit target and ranks like it was going out of style, we had a fast growing team and we were unstoppable. Or so we thought…
We are talking double digit compounding growth month over month, success from home magazine features, paychecks bigger then we made in a year in a month. Life was awesome. We believed we would never do anything else.
You’re HOT until you’re not. We learned…THE HARD WAY.
MLM has way too many variables out of our control that can affect ones paycheck. We were hit with the crazy insane promoters spreading toxic energy in through the team, health problems, major leaders not working or leaving to other companies causing teams to virtually collapse. Additionally company problems from shipping, product delays, lack of integrity and poor country launches. What felt like a dozen compensation changes. The list of things affecting our paycheck was a mile long including our own personal ceiling of growth. Add to it new companies coming after our team weekly it became an exhausting battle.
In 2013/14 we realized building direct sales is risky business. We spent 4 years with one company but at the end of the day we had zero control, input in the direction of the company. As an entrepreneur this is a HUGE NO.
Allowing someone else to control your paycheck is the worst thing you can do. When the people calling the shots go from being an asset to a liability you are in trouble.
– Kristen Johnson
After trying to sell our business once we realized we no longer wanted involvement with direct sales and it getting shut down as well as our paycheck (this is months later) we realized that direct sales is no longer a generational wealth business or a true asset. Can you believe it we spent 4 years building a business” because we were “business owners” and when we go to sell and its shut down. True business you are the owner, you have sellable assets or equity. Equity by the way is not something that can be just magically taken away. WAKE UP CALL AGAIN. I wish we could say we are the only couple this has happened to but it’s the dark side of the industry. If they can’t keep you ownership has a lovely way of trying to destroy your credibility, paycheck and wrap you up in legal hassle because they have more cash.
What I am trying to say is it’s the variables. The variables unless you own the company are two volatile in the new age of direct selling. With the back door deals, changes in comp plans, products, the contracts. People paying this person to go to this company and vice verse the stability of the industry seems to be obsolete. When it comes to making a lifestyle for your family its volatile. If your there to make an extra $500 bucks a month its fine but to go full time you are risking a lot. If you’re at all into security and comfort zones this is not the place to be.
The top paid people in the industry VS the rest of the world. They just don’t make enough money for my goals and lifestyle needs. If you make – after expenses $1500 per month you are in the top of the top for network marketing. THE ODDS ARE NOT IN YOUR FAVOR. They never mention that at meetings. By the way you will likely spend everything and more, before you quit and go to the next company. BUT it’s a great tax deduction! Trust me as a million dollar earner this is a huge deal – but a million bucks over 3.5 years is not that much money. Not to mention vs expenses. Relying on a volunteer army is like building on quick sand. I wanted to bring you some more concrete numbers but the only thing out there is the shit on business from home – where people vote or just submit numbers which is not a credible source but one people often refer to. I remember when Ryan and I found ourselves on the list. The numbers were inaccurate and we did not submit them but I’m sure it was good for business none the less.
Okay okay anyways my point is. Its time to take control. Get educated. Start growing and taking responsibility. I have referenced in a previous blog that you need to get reading, taking action and investing.
These are our favorite books to start with:
1. Tony Robbins: Money Mastery
2. Robert Kiyosaki: Cash Flow Quadrant
3. Mark Douglas: Trading In the Zone
4. Benjamin Graham: The Intelligent Investor: The Definitive Book on Value Investing
5. Kim Kiyosaki: Rich Woman: A Book on Investing for Women: Because I Hate Being Told What to Do!
6. David Bach: The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich
Top 15 Business Books Recommended by Today’s Top Entrepreneurs.
1. The Lean Startup by Eric Ries
2. The 4-Hour Workweek by Timothy Ferriss
3. Rework by Jason Fried
4. How to Win Friends and Influence People by Dale Carnegie
5. Think and Grow Rich by Napoleon Hill
6. The E-Myth Revisited by Michael E. Gerber
7. The Alchemist by Paulo Coelho
8. The $100 Startup by Chris Guillebeau
9. Delivering Happiness by Tony Hseih
10. The Millionaire Fastlane by MJ DeMarco
11. Purple Cow by Seth Godin
12. Mastery by Robert Greene
13. Influence: The Psychology of Persuasion by Robert B Cialdini
14. Good to Great by Jim Collins
15. Crush it! by Gary Vaynerchuk
I recommend you start taking lots of time to educate your selves on entrepreneurship, investing, real estate, stocks, forex, gold, commodities. Whichever you love. Do not allow someone else to dictate what you do or where your money is going without a clear understanding of what is happening. This is how people are left with nothing at retirement or you’re paying more money in bank fees then you are gaining interest. Multiple streams of income, passive income and ownership of our finances is the only thing that is going to set us free. In a world where taxes are always increasing, countries debt/personal debt is out of control, the cost of living increases and our job are being replaced by drones, computers cheap labor and 3D printers etc.
We need to take ACTION and make moves quickly.
You don’t need to quit you day job or even your MLM business. But you must start taking an active role in your finances and future. Traditional education is not changing anytime soon. It’s time that we all take ownership and start new traditions and patterns in our family trees. Patters of prosperity and ownership.
I’m sure your wondering what the heck are Ryan and I doing now that we left MLM. We have been busy working on launching a Trading & Wealth Management Company. Starting with Forex training being released in July. We loved the industry so much – we wanted to bring world class online education to you.
For more on why we love Forex click here.
To be a part of our pre-release team fill in the information below.
PS: Please drop a comment blow on how you felt about the new post?