Take charge of your finances posted

Mortgage rates remain low and have further dropped in December according to the EOH, yet many Americans are still unable to afford buying a home and continue to rent.

There are many reasons why Americans continue to struggle to buy homes and settle on renting, some include unemployment, underemployment, increase of living expenses ,and bad credit history and scores.

Some problems like unemployment and underemployment are ongoing problems which require active job seeking and consultation along with continuous improvement of a persons professional skills.

As for living expenses, try to reduce your living expenses by reducing your consumption. A while back I wrote an article on 15 ways to save money but there are still many other things you can do. A general rule of thumb: don’t consume beyond your what you absolutely need.

Lastly, improving your credit. I came across an article on how to improve credit on a personal finance website that I recommend you read.

Taking charge of your finance future is no one else’s job but yours. Resources are available for you to do that. Take good advantage of the internet to accomplish your financial freedom. But meanwhile if you are looking for short term financial solutions with bad credit and fixes, try gshloans, a direct online lender of payday loans, are here to help you.

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And I forgot to mention

they often go this whole thing one further step (what your wheel sounds like) by offering to let you “buy” your way up to a higher level of the plan by promising to place those new folks under you in the right configuration IF you pay a fee–usually around $2,500 or more. Now imagine how “duplicatable” it is to tell a new person that not only are you shopping him/her to a system for your own gain regardless of your relationship, but you’re actually both PAYING for the right to have that done to THEM, and PAYING for the right to have other people’s people put under YOU that way…

Didn’t this sort of thing go out with the conquest of Robert E. Lee’s army? Massa DeVos, Massa Yeager, I’s here bossman! (Smile)

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I don’t know specifically about this “wheel”

But if you mean generically a system whereby people pay and/or agree to place their recruits into an overall system or pattern to build people up compensation levels, this is commonplace. In the company I burned out with, they had a fad going around called the “RHINO System” (I don’t even remember what it stood for) and another called the PowerPlay. The concept was that if you joined that line of people, you not only agreed to be “placed” wherever they decided, you agreed to have YOUR first however-many recruits placed, even if that meant they weren’t even under you. The object was to push people up the compensation plan by placing or “stacking” sales associates into the required spots to move people up the plan–and the result, to answer your question about whether it “works” is that you get a lot of people with high pin levels and NO volume to earn the bonuses those pin levels designate. It doesn’t matter if you’re a Super-Pooh-Bah-Direct-Platinum-Emerald-Zircon if nobody’s moving any product and the override commission is a percentage of ZERO, does it? Of course, for the person at the TOP it DOES matter, because they’ve got so many in their downline that the added bonus they’ll earn because they have umpteen of THOSE whatever-titled pin folks in THEIR line will boost their overrides on everything…and of course, as we discuss here over and over, this puts a lot of people there to be shorn via tapes/seminars/co-op ads etc.
etc.

Actually, it is even more insidious than that–not only does it result in counter-productive activity-without-sales, it builds a culture of treating everyone, even one’s friends and family who the newbie might have a sincere desire to “help” with the business, like poker chips and cogs in a bigger machine–so IF the business is “built on relationships” like they tout, what kind of relationship is it if you say “Hey, Cousin Bob! Because I love you, like you, respect your business acumen, and believe in your success, I want you to join me in this business, and by the way, you’ll be ‘placed’ under this total stranger in another state so hail and farewell and good luck, because that way when and if I move up the pile, they’ll put THEIR uncles and cousins and sisters and friends under ME, and eventually under YOU, and we’ll all get to be in the magazine as having been promoted and we’ll all get a big bonus….if anyone does anything, of course, but meanwhile, our egos will be huge because of our ‘accomplishment’ of achieving the pin level! Ready? Let’s GO!”

Argh. These systems are one of those rare moments in the scam when they ENJOY and take PRIDE in treating people like things and REVEL in using them to fulfil other goals.

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What is the website link?

This Recruiting Wheel IS something that was developed by the NWTW and their web master.

In the very last meeting I attended they were preparing to introduce this tool soon.
I have never looked at it because I “snapped out of it” shortly after that last meeting. So I would be interested in seeing it on that site.

As far as their projections go, FORGET IT!! I don’t know who calculates their projections but I was shown a 12-month cash flow projection sheet before I started, and the most anyone was to be out-of-pocket in the first couple of months was around $600.
After that, BIG MONEY!

What ‘s the website address? I’ll take a look and get back to the website.

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I found on another web site some rather detailed instructions

That an TLN uses to recruit new distributors and get them brainwashed (er, trained) into their system.
(Note that this isn’t NWTW, as far as I could tell, but they do admit to being a Herbalife group.)

I found a couple interesting things: First, if you follow their “warrior marketing plan” as specified, they predict that you’ll earn $700 in the first month, $1670 in the second month, and $2840 in the third month of their plan. They also give you a number of advertising methods that they recommend so you can get this many people. Totaling up the various advertising methods they recommend, they say you’ll be spending $3385 per month for advertising.

So, you’ll end up losing $2685 the first month, $1715 in the second month, and $545 the third month.
That’s a total loss of $4945 in three months, assuming everything goes according to their plan. That’s assuming your advertising is as effective as they say it will be.

One of the huge expenses in this plan is a “recruiting wheel” on someone’s web site, presumably someone high up in the pyramid. Each slot in the “recruiting wheel” is $200, and they recommend you buy 10 slots per month for a total of $2000 per month. If the doe-eyed recruit didn’t do this, and assuming the other advertising worked as promised, there’s a possibility that the recruit might not take such a huge loss.

Here’s my question: Does NWTW or any otherTLN offshoot have a “recruiting wheel”? Does it really work?

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