Tag Archives: Network Marketing

Competition vs Cooperation in Internet Network Marketing

Most people in business talk about competition. I believe that cooperation is a better way to go about it. Network marketing is built on cooperation, and it is even more important with internet network marketing.

The Problem With Competition

In competition you limit yourself by the best that your opponent can do. I think Bob Proctor is the first person that I heard say this. When you compete you only seek to surpass the effort of your competitor. Competition does not necessarily push you to do the best that you can do.

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Unemployment Versus Unemployable

You hear all the time right now about unemployment.  People are going through layoffs, downsizings and rightsizings as companies seek to find a way through the current economy, or give up entirely and close their doors.

On the other hand, if you travel in small business / entrepreneurial circles, you hear people talk about being unemployable.  I’m not talking about people who have no skills and no ambition.  These are bright people with a lot of skills.  So why are they unemployable?

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Would You Quit Your Job If You Won A Million Dollars?

Million DollarsI saw this question posted by someone on Facebook yesterday – would you quit your job if you won a million dollars?

Would you?

Knowing what I know now, if I still had a job and won a million dollars, like in a lottery, I would definitely not quit my job. Statistics show that people who win a million dollars lose it or spend it almost as quickly as they got it. People who have jobs don’t have the necessary mindset or skills to preserve that level of income.

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All Fiat Currencies Have Died. We Have a Fiat Currency

This is a little scary, especially when you see how it is already going for some countries in Europe.

The US Dollar and the European Union’s Euro are fiat currencies, meaning that they have no intrinsic value and are not backed by anything that has intrinsic value. They have value only because the respective governments declare that they do. Fiat is a Latin word meaning “let it be done” or “it shall be.”

All fiat currencies throughout history have failed.

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My Dad Cannot Afford to Retire, But He’s Better Off Than Most

I often hear my Dad say that he cannot afford to retire or that he cannot afford to live past 85 years old.

That’s really sad to hear from someone who has worked and saved their whole life, earned a pension, and invested in their 401k. He’s done everything exactly as he was supposed to, as we have all been taught.

My Dad is an accountant. He knows all about saving, investing, and forecasting his money. That’s how he knows that he only have enough to live on until he reaches 85.

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Building Financial Independence with Nikken

Network MarketingDo you know how to build financial freedom? Do you know what financial freedom is?

Financial freedom is the ability to go about your life, doing what you want to do, without having to worry about money. Sounds cool and maybe too good to be true, right?

Well, it is true because I know a few people who have it. I have blogged a lot about Loral Langemeier and I believe she has financial freedom. Some other people I follow that you may have heard of, like Mike Dillard, Bob Proctor, and Joe Vitale, also have financial freedom. Closer to what I’m doing, Reid Nelson and Dave Johnson are high-ranking Nikken distributors who have achieved it.

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The Bad Economy and the Death of the Dollar

I was looking for something to listen to and came across Robert Kiyosaki‘s audio book – Increase Your Financial IQ. It was published in March 2008 and has some very good, current information. I highly recommend it. There was some important information in the first chapter that I want to share here.

In 1971 President Nixon took the US off the gold standard, which changed how our money works. Prior to 1971, the dollar was based on gold, which has intrinsic value. To save money was equal to saving gold, so it made sense to save money for retirement or college because it would hold value.

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Regular Training is Critical to Growing Your Business

It is absolutely critical to get regular training if you are involved in a business.

If you have ever studied personal growth then you have probably heard that if you aren’t growing, then you are dying. That is very true. If your business isn’t growing then you will soon find that you have been left behind by the other businesses in your market. Things are always changing, new technologies and methodologies are constantly being introduced. A regular training program is the best way to keep up with everything that is going on.

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Do You Want to Live the Good Life?

I have started listening to Bob Proctor’s Mission in Commission program, which is for people who make their income through sales.   He makes a few statements on the first disk that really stood out to me.

First is a quote that he found from a Spanish distiller: “The good life is expensive.  There is another way to live that doesn’t cost as much, but it isn’t any good.” I like that line.  Everybody has dreams of living a certain lifestyle and most people think they will never have it.  I think that’s too bad.  I believe that we are here to experience all of the greatness that life has to offer and it is a shame when we limit ourselves with wrong ideas.  Bob Proctor notes that salespeople are both the highest paid and the lowest paid of all professions and the difference between high and low is just your mindset.

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The Myth of the Self-Made Millionaire

You’ve heard about self-made millionaires before, right? Have you ever met one? Were they really self-made, as in they did it all by themselves?

I’ve been studying Loral Langemeier‘s programs again and she puts out the idea of team-made millionaires because you cannot really become a millionaire all by yourself. In reaching that point you will run into things that you don’t know how to do or things that are better left to others so that you can stay focused on making money. You need a team to take on those tasks, such as bookkeeping or cleaning your house, so that you can stay focused on the tasks you need to be doing. Besides, you are supporting other businesses in your area by hiring out those tasks.

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