Building Your Network Marketing Mutual Fund

Written by Paul Polanco

Lawrence and his wife Debbie walked into my office back in early 2000. They were a handsome couple in their mid-50s. They had 4 beautiful children, a large home, and both earned a combined income of $500,000 a year. He was an attorney, she was doctor. However, for all intents and purposes, they were also broke.

During my many years as a financial planner, I ran intorepparttar Lawrence and Debbie's of world more often than you might think. Fromrepparttar 122552 outside it looked like they had it all. Money, prestige, a large home, nice cars, etc. But in truth, they had no real nest egg. Nothing set aside for retirement. At least, not enough to continue their current lifestyle.

Had they simply put away 10 - 15 Percent of their Net Income into a good index mutual fund when they first started working, they would have had over 2 million dollars saved up.

Now what does this have to do with your Networking enterprise?

I've told many families to invest in mutual funds, mostly because they did not haverepparttar 122553 desire or time to learn how to invest in real estate or individual stocks.

Mutual funds were originally designed to be long-term investments. Find a few good funds, dollar-cost-average into them, and in 25-40 years you would have a large nest egg. Enough to retire on.

Yet today, many "experts" are advising that this "buy and hold" approach to mutual fund investing doesn't work. Yet, time and time again long-term studies have proven otherwise.


Your Network Market^ing enterprise is just like that. It is your mutual fund where a bunch of people get together and pool their resources. They pool their money, time, expertise, and effort for that thing called "growing residual income."

Just like a mutual fund, it takes consistency and TIME, before you begin to see results. Seriously, your first year in networking is about planting seeds, learning, and refining your marketing approach. It's not about who can bring in 10 people this month.

Yet, by taking this approach, it won't take you 25-40 years. You won't have to work 30-40 years before you retire. Your Network Market^ing Mutual Fund (NMMF) should only take a fraction of that time frame.

A common question that I get asked is, "Paul, how long will it take me to earn $10,000 a month?".

What is a Scam?

Written by John Olson

We all seerepparttar word, "Scam" all overrepparttar 122551 place.

Some of us even use it ourselves.

But do we really know what it is?

I spent sometime looking it up. Here are some definitions ofrepparttar 122552 word Scam:

From Cambridge International Dictionary of English: scam, noun [C] INFORMAL, a plan or action for making money which is dishonest, illegal and often clever. He burnt his own house down so that he could claimrepparttar 122553 insurance money - what a scam!

Fromrepparttar 122554 Merriam-Webster Dictionary: scam Main Entry: Pronunciation: 'skam Function: noun Etymology: origin unknown Date: 1963 : a fraudulent or deceptive act or operation (an insurance scam)

From The American HeritageŽ Dictionary ofrepparttar 122555 English Language: Fourth Edition. 2000: scam ...Slang A fraudulent business scheme; a swindle. Inflected forms: scammed, scamˇming, scams To defraud; swindle. Origin unknown. scammer -NOUN...

From The Newbury House Online Dictionary: scam n. a plan to make money by deception or fraud, (syn.) a swindle: They ran a scam where they burned cars and collected insurance money.

From scam (skm) Slang n. A fraudulent business scheme; a swindle.

Fromrepparttar 122556 Dictionary of Slang: scam Noun. A trick or con.

As you can see there are very specific definitions forrepparttar 122557 word.

A scam is something that is set up to rip people off. To take their money.

It is not, as we sometimes think, a company that is having problems with their systems. All companies have problems. Look at AOL. They have lots of problems with their systems. But they are not a scam.

Just because we loose money or don't make money, doesn't makerepparttar 122558 company a scam. Just because a company is having problems getting their members paid on time, does not make them a scam.

Companies do have problems that are beyond their control.

It's how they handle them that tells you a lot aboutrepparttar 122559 kind of company that they are. If they are honest and up front aboutrepparttar 122560 problem, that is a good thing. If they hiderepparttar 122561 problem with a lot of double talk or no talk at all, that is a bad thing. It doesn't make them a scam, but it does say a lot about how they can be expected to do business.

When you look at companies, really look at them.

What isrepparttar 122562 first thing they say about themselves? Do they talk aboutrepparttar 122563 product orrepparttar 122564 service they offer? Or do they just launch into how much money you can make? Ifrepparttar 122565 first thing you read is all aboutrepparttar 122566 money to be made. Watch out. It might not be a scam, but it tells you that is all they are about. To them it doesn't matter whatrepparttar 122567 product orrepparttar 122568 service is, it's all aboutrepparttar 122569 pay plan.

These companies, may not be scams, but they maybe illegal. There has to be a real product or service being offered. If there is no product, if it is just passing money fromrepparttar 122570 ones below torepparttar 122571 ones above, it is illegal.

How many of you have seen this kind of thing?

A program sets up a list of members for you to pay directly or withrepparttar 122572 help ofrepparttar 122573 program, and you then takerepparttar 122574 first name offrepparttar 122575 list and add your name torepparttar 122576 bottom. It doesn't matter if they tell you that you are ordering a report or something like that from each ofrepparttar 122577 members, it is an illegal Chain Letter. It will not last and most people will not make money. Most people will loose money. The ones who will make out like bandits, arerepparttar 122578 people who started it inrepparttar 122579 first place.

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