It’s time to really focus on your financial awareness! #1 Wealth Building Coach and Author William R. Patterson has some sound financial strategies for getti…
An income property is a great investment to assist in building your long-term wealth. Scott McGillivray outlines the four major sources of income that an inc…
Watching this 3 years later. Good stuff.
what do you think about primerica financial services as a network
martketing company ..if u have hurd of it or have knowledge on it
@urbanwallstreet Hi there, nice thoughts, I wondered what would you think
of my thoughts in this video: “Wealth Building – Better to be Wealthy Than
Rich?!”
No problem! Planning on doing monthly/bimonthly wealth building shows in
2010. When it comes to passive income, the two industries that have created
more millionaires generating passive/residual income are real estate and
(you may not want to hear this) networking marketing. Hey, it is what it
is. As with any opportunity, success is more a testament to the person’s
drive and commitment, more so than the product/brand. Everyone can’t sell
cars or Mary Kay, but many people can, and do well!
That’s a good question…Here’s “my” thoughts. Technically, I’d have to say
no. Network Marketing can make you wealthy. However, the goal in business
is to use “other people’s money”. Just because you may have money, doesn’t
mean you want to use in for all your investments. Thus, your credit score
may come into place. If a lender/partner doesn’t feel you’re credible, that
could become an issue.
Word is bond, Earl -This is what I’ve been waiting for! … Long time- Long
time.
haha… Yeah. It was actually the Urban Wall street that got me interested
in this stuff. I’m familiar with most everything that was discussed here.
Maybe next time you guys can go into more detail. Perhaps explain why
keeping one’s money in a Money Market Fund or Mutual Fund is better than
keeping one’s money in a bank account. Or maybe give people ideas about the
kind of business’ they can start to generate passive income. Again thanks,
Earl.
I have heard of Primerica, though I have not researched it. In my opinion,
network marketing is a very viable option to creating long-term residual
wealth. Success in network marketing is predicated on the work ethic and
agressiveness of the the individual. If you belive in yourself and the
brand, you can do very well.
I agree with Mr. Patterson about how to approach network marketing. Many
people do not know how to determine who is a qualified prospect. Plus,
there is a tendency for certain people to come into an MLM entity and not
learn basic business principles, especially sales and marketing. If done
properly, I think MLM can be a great strategy for people to generate
revenue to pour into other entities, especially real estate or building
another business.
Will there be a show on licensing and franchising in the future? I’m
working on building licensing deals into our business model as a means of
creating “mailbox money” for the company.
is having a good credit score..or building credit..even a factor when your
trying to build wealth..or wealth creation