Money Matters: Money Session no. 4

The 1st quarter of 2009 is over, and the 1st month of 2nd quarter is almost closing. What are the opportunities presented to us to increase our investment? The stock market has offer a breather and the PHISIX gave almost 20% return, from it's previous low of 1,745 (Mar.17) to 2,087 (Apr. 20-close) and if you have read the previous post this is all part of the "B" wave rally from Elliot's waves principle.

Here is another opportunity presented to you where you can earn passive income. I got this from an article of Bo Sanchez on his Truly Rich Club, you can click Join the Truly Rich Club to join the club and know more about it.

Is MLM for you?

This month, I’d like to talk about MLM.

Many people have various thoughts about multilevel marketing or networking.

Some think it’s a wonderful gift from God.

Others think it’s a curse of the devil, invented in the pits of hell.

Frankly, like anything else in the world, MLM is what you make out of it. It can be a gift. It can be curse. It’s all up to you.

MLM has taken a nasty reputation these days. Some people are shouting, “It’s nothing else but a pyramiding scheme! It’s a scam!”

It’s true, a lot of people have suffered because of it. Sometimes because of the deception of others. Other times, because of their own self-deception.

But I won’t generalize and say it’s all bad.
It’s just like capitalism.

It can be a blessing, it can be curse.

According to Fortune magazine, Warren Buffet, the richest man in the world, the “Oracle of Omaha” known for being very conservative and careful in his investments, bought into a direct-selling company. If it’s a scam, the guy won’t touch it with a ten-foot pole. But he didn’t just touch it. He bought it.


And we’re not talking of a fly-by-night industry. Worldwide, some 47 million people are involved in direct selling and have generated revenues of $88 billion.

Before I tell you how to discern a good MLM
opportunity from a bad one, let me explain first what it is—so all of us will be in the same page.

MLM is the sale of a consumer product or
service, person to person, away from a retail store. The person who sells earns a commission for every product she sells. Aside from selling products, she also recruits others to sell. If her “downlines” sell, she
earns a commission from their sales too.

That, in gist, is what MLM is.

Now here’s the question people ask me often
about MLM: “Bo, my sister (uncle, cousin, office mate, prayer group leader, teacher, boss…) got into MLM and is asking me to join her. Should I?”

My answer is simple—“It depends.”
It depends on the company you’re joining.
It depends on the business system they have.
It depends on the product they’re offering you.
It depends on the leaders in that company.
It depends on your expectations.
It depends on what you’re willing to give into
this business.
In my next WealthStrategies Letter, I’ll tell you why. (To be continued…)


May your dreams come true,

Bo Sanchez

If you want a copy of the complete article about MLM by Bo Sanchez please text me at 09286582919.

What's on your mind? If you have question, comments, suggestion or ideas you want to share kindly leave a comment on this post or send me an email or text.

Till our next Money Session Millionaires!