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I hate a 401K let talk about Financial Freedom

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Money Talk > Retirement Planning

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oldguy
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Cash: $ 748.25

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Joined: 21 May 2006
Location: arizona
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quote:
What does it take to be successful in USANA it takes trust. A compensation plan, and four intelligent minds and trustful people you know


If you plan to engage in this MLM plan, be aware of the math. With each new layer, you add new 'workers' who pay a part of their earnings. As you add layers, you soon run out of new people to recruit. The math is 2^X. When you get to 28 layers, you will have contacted the entire USA population. And at layer 32, you will have contacted the entire world. With today's social media power/speed, you can soon run out of new recruits. (Ask Tupperware, one of the first MLMs. They started in the 1950s, used networking and the power of compounding - and today there are over 3 million Tupperware salespersons - are any of them earning $20,000/m?

You mentioned the 401k "planning device" - I got into it in 1982 when they were started and I funded it until I retired in 1998 - ie, for about 15 or 16 years. Mine had about a million in it when I retired - so I was pretty happy with the result - and kept right on compounding after I retired.
Post Tue Apr 10, 2018 10:11 pm
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oldguy
Senior Member


Cash: $ 748.25

Posts: 3638
Joined: 21 May 2006
Location: arizona
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https://hotmlmcompanies.com/usana-scam-review-read-this-before-you-join/

quote:
It doesn't matter man. No one should depend on just normal job. The main point here is it take work to be successful. Dude I don't know what you talking to be honest.


Actually, the opposite is true, no one should depend on pyramid schemes - it turns out that a 'normal steady' job provides the highest probability of wealth/success. The other methods - small businesses, MLMs, get rich quick schemes - have high failure rates. A "steady" income stream (from a job) will provide millions for you if you use your management skills to invest and build wealth.
Post Wed Apr 11, 2018 5:26 pm
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