No, no, no. Pay yourself last does not work. When you put yourself at the bottom of the list, you are putting everyone else ahead of you. That means the government gets money, the banks get money, the creditors get money... EVERYONE ELSE is getting money, and you're just taking whatever's left.
You obviously don't understand the phrase "pay yourself first", because you're misusing it here to justify bad advice. Paying yourself first means *incorporating*. It means using your money to create assets BEFORE the government, the bank, and the bill collectors get their share.
And the beauty of it is that paying yourself first gives you more money to work with. Every month your share gets bigger and everyone else's gets smaller. When you pay yourself first, you win. When you pay yourself last, you lose.
I've only been reading WiseBread for a week now, and I've already seen two pieces of really bad advice. So far, I'm not impressed.
I completely agree. My husband was into one for a few months and it definitely cost us more than we got back. And the products were horrible. I didn't feel comfortable about using them let alone trying to get friends and family to use them.
I just picked up this book the other day since I'm a fan of The Omnivore's Dilemma, too. I look forward to another well written and insightful look at how we see our food.
Folly. Plain and simple.
Been there. Done that. Got the T-Shirt.
After 4 years of doing every single thing I was supposed to do, going to every single meeting, buying every book, every tape, attending every seminar, taking notes, and performing exactly as I was supposed to, I lost thousands of dollars. I had hundreds of people in my downline. I had the little pins, the awards, the accolades . . . but no money. It was always at the next level.
I know too many people to count who fall victim for these scams. NO ONE ever makes more than a pittance from the product, but if you can convince a small group of people to BUY tickets to your seminar in Tampa, use YOUR hotel service, SELL them CD's & books at FULL retail, charge them to come to EVERY meeting, yeah you can make money, but not because you have a fantastic product or service. You make money because you convinced a bunch of suckers to follow you. What's the difference between MLM and the Branch Davidians? MLM's keep their people alive so they can leech off their bank accounts.
MLM tends to have a cult mentality. Avoid it at all costs.
I think MLM's are a good experience for any professional, regardless of whether or not you intend to make a career of it. MLM programs not only show you the power or referral business, but also teach you how to "pound the pavement" for business. Too many people, including salespeople, expect money to just walk in the door. If you build it, they will ignore you until they're ready.
We had origami animals on the tables at our wedding, out of about 600 animals we ended up with about 30 because the guests liked them so much.
I've got some silver origami earrings made from that precious metal clay, I get all sorts of compliments on them.
I think my main reservations with MLM's is the tendency to commoditize or commercialize personal relationships. Giving someone a tip on a movie or a restaurant because I enjoyed it is one thing but to do so because I get paid to is, for me, completely different. I don't like it when people I know do it and I don't want to alienate my friends by doing it to them.
I really enjoyed reading your post today! You are a great writer, and should have no problem finding other places to write for! About.com was looking for a financial writer recently; I don't know if they found anyone or not. My work has picked up considerably. It looks like we MIGHT be getting our oil and gas company funded at last (famous last words.) Hope things are going well for you and keep up the good work!
I installed Firefox for the sole purpose of filing this claim. Holy Cow! Goodbye IE forever!
295M? I'm sure that is a grain of sand in DeBeers 14yr profits. I also wonder if their was a deeper intent behind this? Like to prove out any fraudulant behavior at DeBeers or gauge how bad the dirty diamond trade really is?
If only women wanted something cool for their engagement! Whats so special about diamonds?
The other 5 days of the week are spent in consultations, on the phone with clients, designing wedding and engagement albums, retouching images, placing print orders, photographing the engagement and bridal sessions included in the wedding packages, converting images and building galleries. Any other questions?
The other 5 days of the week are spent in consultations, on the phone with clients, designing wedding and engagement albums, retouching images, placing print orders, photographing the engagement and bridal sessions included in the wedding packages, converting images and building galleries. Any other questions?
I usually use TurboTax Online, but thanks to your review, I might buy the software from now on, especially if I win a free copy. Thanks for the great information.
i did this with my canon S400 camera a couple years ago. it stopped working, and after checking i found a recall. I sent it in and got it back a couple weeks later. I got back my working camera, and it still works to this day a couple years later. Beats buying another camera!
That's exactly right Raist. Under the theory espoused above (photogs should only get paid for the session time)....writers would only get paid for the time it took to write the book. According to popular opinion, reprint sales are undeserved.
If you want to be paid for what you created - you are greedy.
People will pay $5 for a cup of coffee, but balk at paying $5 for a print from a professional photographer. Because photographers are greedy. uh-huh. Most of my colleagues are living modestly. I drive a 2000 Honda and make $1300/month doing wedding photography for a living.
Yes, I am thrilled when I get a $500 print sale but that's rare and when you average the salary out for the year after costs, it is rather low. Yet, due to common misconceptions people want to steal from people like me.
Above poster said it was preposterous that a photographer could make only 1300/month. Why is that? What do you think we do in the winter months? I specialize in weddings....November- February= 4 months of no pay. Believe it and consider it the next time you think about stealing from a photographer.
It certainly is a myth that MLM's are get rich quick schemes, but unfortunately the majority of the people involved don't realise (or acknowledge) that, and so pitch it to their prospective network as exactly that.
What troubles me about MLM's is that quickly the focus is taken away from the product, and onto the potential earnings, therefore the product is often sub-standard, so people are sold it as a business opportunity not as a killer product. Your product should be good enough that people want it purely on its own merit.
It certainly is a myth that MLM's are get rich quick schemes, but unfortunately the majority of the people involved don't realise (or acknowledge) that, and so pitch it to their prospective network as exactly that.
What troubles me about MLM's is that quickly the focus is taken away from the product, and onto the potential earnings, therefore the product is often sub-standard, so people are sold it as a business opportunity not as a killer product. Your product should be good enough that people want it purely on its own merit.
did that with my milwaukee 18volt drill. the battries stoped working they want over $80 dollars a piece. so i replaced it with a $20 cheapo drill then found out their was a recall for some venting problem. after afive min phone call two free battries arrived at my door and got my drill back.
then you should get ZERO royalties for any book you publish, books should be sold at *cost* because after all it's "just replicating text" and "the work is already done", right?
No, no, no. Pay yourself last does not work. When you put yourself at the bottom of the list, you are putting everyone else ahead of you. That means the government gets money, the banks get money, the creditors get money... EVERYONE ELSE is getting money, and you're just taking whatever's left.
You obviously don't understand the phrase "pay yourself first", because you're misusing it here to justify bad advice. Paying yourself first means *incorporating*. It means using your money to create assets BEFORE the government, the bank, and the bill collectors get their share.
And the beauty of it is that paying yourself first gives you more money to work with. Every month your share gets bigger and everyone else's gets smaller. When you pay yourself first, you win. When you pay yourself last, you lose.
I've only been reading WiseBread for a week now, and I've already seen two pieces of really bad advice. So far, I'm not impressed.
I completely agree. My husband was into one for a few months and it definitely cost us more than we got back. And the products were horrible. I didn't feel comfortable about using them let alone trying to get friends and family to use them.
I just picked up this book the other day since I'm a fan of The Omnivore's Dilemma, too. I look forward to another well written and insightful look at how we see our food.
Folly. Plain and simple.
Been there. Done that. Got the T-Shirt.
After 4 years of doing every single thing I was supposed to do, going to every single meeting, buying every book, every tape, attending every seminar, taking notes, and performing exactly as I was supposed to, I lost thousands of dollars. I had hundreds of people in my downline. I had the little pins, the awards, the accolades . . . but no money. It was always at the next level.
I know too many people to count who fall victim for these scams. NO ONE ever makes more than a pittance from the product, but if you can convince a small group of people to BUY tickets to your seminar in Tampa, use YOUR hotel service, SELL them CD's & books at FULL retail, charge them to come to EVERY meeting, yeah you can make money, but not because you have a fantastic product or service. You make money because you convinced a bunch of suckers to follow you. What's the difference between MLM and the Branch Davidians? MLM's keep their people alive so they can leech off their bank accounts.
MLM tends to have a cult mentality. Avoid it at all costs.
VERY true...
Click my name to see the top 10 lies of the home business industry.
I think MLM's are a good experience for any professional, regardless of whether or not you intend to make a career of it. MLM programs not only show you the power or referral business, but also teach you how to "pound the pavement" for business. Too many people, including salespeople, expect money to just walk in the door. If you build it, they will ignore you until they're ready.
We had origami animals on the tables at our wedding, out of about 600 animals we ended up with about 30 because the guests liked them so much.
I've got some silver origami earrings made from that precious metal clay, I get all sorts of compliments on them.
I think my main reservations with MLM's is the tendency to commoditize or commercialize personal relationships. Giving someone a tip on a movie or a restaurant because I enjoyed it is one thing but to do so because I get paid to is, for me, completely different. I don't like it when people I know do it and I don't want to alienate my friends by doing it to them.
I really enjoyed reading your post today! You are a great writer, and should have no problem finding other places to write for! About.com was looking for a financial writer recently; I don't know if they found anyone or not. My work has picked up considerably. It looks like we MIGHT be getting our oil and gas company funded at last (famous last words.) Hope things are going well for you and keep up the good work!
Mark P. Cussen, CFP, CMFC
I installed Firefox for the sole purpose of filing this claim. Holy Cow! Goodbye IE forever!
295M? I'm sure that is a grain of sand in DeBeers 14yr profits. I also wonder if their was a deeper intent behind this? Like to prove out any fraudulant behavior at DeBeers or gauge how bad the dirty diamond trade really is?
If only women wanted something cool for their engagement! Whats so special about diamonds?
The other 5 days of the week are spent in consultations, on the phone with clients, designing wedding and engagement albums, retouching images, placing print orders, photographing the engagement and bridal sessions included in the wedding packages, converting images and building galleries. Any other questions?
The other 5 days of the week are spent in consultations, on the phone with clients, designing wedding and engagement albums, retouching images, placing print orders, photographing the engagement and bridal sessions included in the wedding packages, converting images and building galleries. Any other questions?
I usually use TurboTax Online, but thanks to your review, I might buy the software from now on, especially if I win a free copy. Thanks for the great information.
i did this with my canon S400 camera a couple years ago. it stopped working, and after checking i found a recall. I sent it in and got it back a couple weeks later. I got back my working camera, and it still works to this day a couple years later. Beats buying another camera!
That's exactly right Raist. Under the theory espoused above (photogs should only get paid for the session time)....writers would only get paid for the time it took to write the book. According to popular opinion, reprint sales are undeserved.
If you want to be paid for what you created - you are greedy.
People will pay $5 for a cup of coffee, but balk at paying $5 for a print from a professional photographer. Because photographers are greedy. uh-huh. Most of my colleagues are living modestly. I drive a 2000 Honda and make $1300/month doing wedding photography for a living.
Yes, I am thrilled when I get a $500 print sale but that's rare and when you average the salary out for the year after costs, it is rather low. Yet, due to common misconceptions people want to steal from people like me.
Above poster said it was preposterous that a photographer could make only 1300/month. Why is that? What do you think we do in the winter months? I specialize in weddings....November- February= 4 months of no pay. Believe it and consider it the next time you think about stealing from a photographer.
It certainly is a myth that MLM's are get rich quick schemes, but unfortunately the majority of the people involved don't realise (or acknowledge) that, and so pitch it to their prospective network as exactly that.
What troubles me about MLM's is that quickly the focus is taken away from the product, and onto the potential earnings, therefore the product is often sub-standard, so people are sold it as a business opportunity not as a killer product. Your product should be good enough that people want it purely on its own merit.
It certainly is a myth that MLM's are get rich quick schemes, but unfortunately the majority of the people involved don't realise (or acknowledge) that, and so pitch it to their prospective network as exactly that.
What troubles me about MLM's is that quickly the focus is taken away from the product, and onto the potential earnings, therefore the product is often sub-standard, so people are sold it as a business opportunity not as a killer product. Your product should be good enough that people want it purely on its own merit.
This book is a useful resource for this kind of planning
http://www.press.jhu.edu/books/title_pages/9306.html
did that with my milwaukee 18volt drill. the battries stoped working they want over $80 dollars a piece. so i replaced it with a $20 cheapo drill then found out their was a recall for some venting problem. after afive min phone call two free battries arrived at my door and got my drill back.
Hey thanks memeticians! Your site looks really cool.
then you should get ZERO royalties for any book you publish, books should be sold at *cost* because after all it's "just replicating text" and "the work is already done", right?
Food for thought.
- Raist
Thanks!
These tips keep us going through tight times.
We linked up to your article on our website:
Hypertext Bazaar - 01.29.08
All the best!
tjc
the memeticians
Run, don't walk from ALL MLM's.
999 out of 1000 participants drop out. You will be one of them.
Get a job at Dunkin' Donuts and make more money.
Great article Nora! This part is especially important:
"If you are forced to pay huge fees or buy massive product packages just to get involved or learn more about the company, take it as a warning sign."
Great article Nora! This part is especially important:
"If you are forced to pay huge fees or buy massive product packages just to get involved or learn more about the company, take it as a warning sign."