Thursday, April 1, 2010

Get Rich Quick - Forgetaboutit

This goes back to Ben Franklin. Basically both Dave and Ben agree on the principle that any scheme that advertises riches for just a few hours a day is bad.

I do not necessarily agree with this. Some schemes are valid but are just marketed wrong. For example, Dave disses real estate. He states he worked 60 hours a week and it took him years to get to a six figure income. I can’t help but think of people who work two or more jobs and never get to a six figure income.

The way the scheme needs to be evaluated is this: with a lot of effort, is a target level income achievable?

If the scheme is multi-level marketing, and an up-line is promoting it as easy money, maybe you need to get under another up-line. The problem may be with the particular individual trying to recruit you, not with the MLM company itself.

I’ve noticed that all the legitimate schemes have one thing in common: they all require a great deal of work. So, I would not dismiss schemes out of hand. Like everything else in business, independent, informed evaluation is necessary.

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