Yes, lots of people want to know this. It’s not even difficult, really, as long as you have someone to teach you about money. But not everyone is willing to teach people about money. Take real estate agents, for example. Some of them are making a lot of money. But how likely is a real estate agent to tell you to become a real estate agent yourself, in the same area as they are, when you would end up becoming their competition and possibly resulting in less money for them?
Exactly. No one. There are plenty of multi-level marketing schemes where they try to convince you to sell life insurance, or whatever it is they’re trying to get you to sell. But before you sell this insurance, you have to pay an up-front 150 dollars to get the “materials” to become an insurance agent. And then there’s 20 dollars for the test, 200 dollars for some meeting you need to go to, and another 100 to get the license. It’s the same thing as the real-estate agents: why would a licensed insurance agent try to convince people to become insurance agents too, unless he was making money off those people trying to become insurance agents? Then the “fees” to become an insurance agent make complete sense. In the end, it ends up costing you 400 dollars to become an agent, when in reality you could have just taken a class online for 50 dollars or less and gotten the license.
This isn’t to say you can’t make money from these schemes, of course. You absolutely can, if you’re willing to prey on poor unsuspecting people trying to make an honest living. Then, you collect a cut of their 400 dollars and sit back in your money. You have to be a certain kind of shark to be a part of multi-level schemes, preying on everyone in your vicinity (family and friends are usually the first victims). You then convince them to buy whatever you’re selling, and then sell whatever you’re selling too (after they buy the 400 dollar package to obtain the privilege to sell it), because you’ll be making a cut from that. So, if you feel okay with doing that type of thing, while knowing that 90% of people fail at this for various reasons, then go ahead. I know a person who recently tried to convince my boyfriend and I to participate in one of these ridiculous schemes, and she truly believed she was doing something good, which is laughable. I’m not one to judge, so I gave her the benefit of the doubt, but when I asked anyone questions about the insurance “agency”, they said it was okay to feel skeptical, and proceeded to ramble for 20 minutes, without ever answering my questions. They have a good way of making you think they’ve answered your question, when in reality they’ve done nothing of the sort. You know, like Republicans.
So, in short, multi-level marketing schemes are not, for kind people, the way to make money. I just didn’t feel right tricking people into giving me their money. I feel there’s a special place in hell reserved for people like that. But I digress.
The most important thing to know about money is this: to make more money, and to stop living paycheck-to-paycheck, you need to have multiple streams of income. No, I don’t mean having two incomes in the household, one per person. I mean having multiple streams of income per person.
For those of you working minimum wage jobs, this may seem difficult. You’re already spending 90% of your time in this job, without much progress. You’ve been there for over a year and you’re not even making more money. You’re living paycheck-to-paycheck, and everyday feels like a struggle. It’s frustrating. I’ll talk more about the minimum wage and its cruelty later.
But consider this: you’re working for a business. The company is making oodles of money, specifically thanks to its employees working for pennies in comparison to what the Big Bosses are making. It’s criminal. But to get out of this rut, you need to start your own business. This may sound time-consuming, money-consuming, and very difficult, but the truth is that it isn’t. And whatever time it does consume, it is well worth it in the end. When you start your own business, you earn 100% of the money you are making for the company–your company. When you are working for someone else, you are earning anywhere from 5% to 60% of what they are making. They’re obviously making more money (off people like you).
Consider your skill sets. Are you using any of them in your job? No? Probably not. Are you enjoying this job? Probably not. You’re making miserable money, because it’s not enough and you’re miserable. Now, I’m not telling you to quit your job right this second. Keep it until your business starts growing. Take one of your skill sets and set it up into a business. Put an ad up on Craigslist (it’s free), print out flyers for your business and post them on poles (don’t try to pass them around. It doesn’t work out well. You can try it, but how many people trying to pass flyers out have you ignored?) You really don’t have anything to lose except maybe an hour or less of your time. Even if you only get one customer in a month, that’s one more customer than you would have ever had before if you didn’t try. And if you please this customer, they’ll tell their family and their friends, who will tell their friends and family, and so on.
Be realistic. Minimum wage jobs are fine, but don’t think they’re anything but temporary. You deserve to grow and use skills you want to use. When you’re happy with what you’re doing, and making enough money to live off it, your quality of life will go up.
Good luck <3.