Financial Intelligence in MLM Network Marketing Pt. 1:
The big MLM dream is to work hard a few years and to build a large residual income to retire on, that means to build true financial freedom.
Can you imagine that there are many top earners in the industry who, however, are permanently broke ? Why is that ? They spend more than they make, and the more they make, the more they spend.
Think of a lottery winner – most of them have less money after a couple of years or even only after months than they had before their incredible windfall, some of them deeply in debt. Why is that ? The reason is: It doesn’t matter how much money you make. How much money you keep and what you do with your money is what counts. And how much money you keep and if you are able to have your money work for you is determined by your financial intelligence which is part of your overall emotional intelligence.
For example, it’s important to be able to delay gratifications. That means being able to postpone buying luxury goods such as fancy cars despite the little voice inside your head telling you:”Go ahead. You deserve it.” And it’s important to control such emotions as greed and fear. We all face greed. We all face fear. It’s the question if we are able to control our greed and our fear or if our negative emotions control us. If we want to reach true financial freedom, we need to control our emotions. And we need to be aware of our core beliefs concerning money.
Don’t misunderstand me: Make as much money in your business as you want and as you possibly can. I’m doing that as well. But when it comes to our ultimate goal and the big MLM dream, I can tell you: That’s not enough. I can tell you from personal experience from previous businesses that making a lot of money and/or making more and more money without a strong foundation of financial intelligence or financial literacy and the proper mind set to keep that money and to have our money work for us, our big MLM dream will only be a dream.
In the upcoming post “Financial Intelligence in MLM Network Marketing Pt. 2“, I’m going to share with you what is necessary to build your business and your financial freedom on a strong foundation, according to my personal experience and observations.
What is your opinion ?
I always love your feedback, so please leave me a comment down below with questions, thoughts, or feedback.
And (yes, here’s my call to action) please share this post with your Twitter and Facebook friends by clicking on the share buttons.
I appreciate you telling others.
To a prosperous life,
Oliver Tausend
+1 201 984 5664 office North America (anytime)
+49 1512 9125216 office Germany & all other countries (anytime)
Skype ID: guernsey2016 (anytime)
wordpress@olivertausend.com
Save yourself years of failure and frustration in MLM by reading this free ebook
Related posts
- Power Of Gratitude - What Does Your Average Perfect Day Look Like ?
- How To Promote Your MLM Blog Successfully Part 9
- Effective Blog Commenting Strategies For Network Marketers Part 1
- Challenging What Is Part 1 - The Past
- Blogging Basics For MLM Success Part 1
- Beliefs About Work - What Our Readers Say Pt. 2
- What Are My Beliefs About Work ?
- MLM Success With Think And Grow Rich And Oliver Tausend Pt. 7
- MLM Success With Think And Grow Rich And Oliver Tausend Pt. 5
- Think And Grow Rich - The Ghost Of Fear Of Loss Of Love
Ilka Flood (11)
David Sneen (6)
Stephane Lacroix (5)
Jeevanjacobjohn (4)
Janet Callaway (3)
Viola Tam (3)
Xarah (3)
Adrienne (2)
David (2)
Dr. Bob Clarke (2)
Ryan Biddulph (2)
Sylviane Nuccio (2)
Berdel Warrior (1)
Bharat Chowdary (1)
Cindy (1)
I love it, Oliver. There’s wisdom in your post. I look forward to your future contributions.
[Reply]
Oliver Tausend Reply:
May 13th, 2010 at 13:28
Thank you for your encouraging comment Louis. Stay tuned for my future contributions
Take care
Oliver
[Reply]
[...] everybody, one of my favourite subjects to write about is financial intelligence in MLM Network Marketing. Financial intelligence is part of the overall idea of emotional [...]
Twitter: remacgregor
says:
Absolutely, Oliver. I’m growing to love you blog!
Rachael Macgregor MLM Secrets recently posted..Top 10 Tips For Effective Article Marketing
[Reply]
Oliver Reply:
September 2nd, 2010 at 23:26
Hi Rachael,
thanks for your initial comments on my blog. I’m glad you can relate to my stuff.
Come back soon and take care
Oliver
[Reply]
Hey Oliver,
Great stuff my friend
I think the most important point that you mentioned in your post is that it doesn’t matter how much money you make because if you can’t manage what you make well, then all the money in the world still won’t make you rich because you’ll find ways to blow it all and lose everything.
It truly is sad to see lottery winners lose their fortunes within a couple of years but it just goes to show that money has the power to make you rich as well as poor. A poor person with a poor person mentality will always remain poor because of their mental programming.
A good quote that has changed my life forever came from one of my mentors and he said, “Being broke is temporary, being poor is eternal.” In other words, if you think you’re poor, then you will remain there forever.
Keep up the great work my friend
See you at the top,
Michael Stead
Michael Stead recently posted..How To Turn Up The Traffic Faucet On Your Business- “Turning A Little Into A Lot”
[Reply]
Oliver Reply:
September 2nd, 2010 at 23:59
Hi Michael,
thanks for your thoughtful comment and your encouragement. You nailed it, definitely. Money has the power to make you rich or poor.
Take care
Oliver
[Reply]
[...] everybody, this is a quote from my first post about financial intelligence in MLM Network Marketing: “I can tell you from personal experience from previous businesses that making a lot of money [...]
[...] please share it on social media and bookmark it. Thanks in advance.What do you value more – freedom or security [...]
Hi Oliver,
This is a very useful article! Financial intelligence is very important! You are right,it doesn’t matter how much money you make,it matters how much money you keep and how you make them work for you. Many people are broke because they spend more money than they make.
Thanks for sharing!
Laura
[Reply]
Oliver Reply:
June 27th, 2011 at 11:23
Hi Laura,
you nailed the reason why people are broke, it’s their spending habits and their cashflow management.
Thanks for your comment.
Take care
Oliver
[Reply]
Twitter: davidsneen
says:
Living within your means is a skill at any financial level. Some will never learn that skill. Thanks, Oliver, for pointing out this poignant fact.
But, I would rather attempt to live within a large income than a small one!
David Sneen recently posted..3 Qualities You Need to Succeed
[Reply]
Oliver Reply:
January 30th, 2012 at 19:45
Hi David,
well, I also prefer expanding my means rather than just living within my means.
Thanks for your comment.
Take care
Oliver
[Reply]