Personal Money Tips

2 days ago, I met a prospective customer, Mr. B who after hearing my explanation of products, started to tell me about a Bio-Disc. Being a logical skeptic, the item Mr. B showed me look like ordinary glass with lightly imprints of circles. That the product was distributed through Multi Level Marketing or network marketing, is another red flag to me.

I mean, if you have such a fantastic product, why wouldn’t the manufacturer sell it at what ever price and get all the profits, rather than share the money with the people in the network? Look at Viagra. Pfizer didn’t sell the drug through the network. They knew they have a market and a product that will stand up to medical trials and FDA approval, not withstanding side effects but you get my drift.

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I was passing through a shopping mall today when someone approached me with an investment idea. Normally I don’t stop for such 5 minutes on your feet talk but today, I have some extra time and I let the lady talk.

In less than a minutes, it turns out to be no investment idea at all. Apparently, people will call anything an investment to get you to join them. An anything that even has a hint of possibly potential income is touted as an investment. I highlight the phrase possibly potential inceome. Truth is, what the nice lady tried to sell me was nothing more than multi level marketing. They ask people to “invest” i.e. become a member, buy their products and get others to join. I don’t have anything against MLMs. But to frame the idea that what you are purchasing is actually an investment is hogwash.

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I’ve not written for a while due to time commitments. Quite a bit of time was devoted to making my work process more effective and efficient. It involves how I manage my emails, contacts, faxes etc. across multiple platforms and tools. Then there is a site I have that I want to limit my audience. So I went hunting for the right plugins and testing it. Ahh, the bane of modern online life.

I surfed about a bit looking for information to do that and then I realize that all this information can be packaged and sold. It might be others like me wanting to do the same thing for themselves. Of even packaged into videos and ebook. I think videos and ebook might be a long short since move internet savvy enough people will probably figure out how to do it, there are still tons of people around that might want to do the same thing who does have the inclination or desire to fiddle around. (more…)