Greg Billings

I’ve been as guilty as the next person wanting to know each and every detail of my network marketing company’s compensation plan.

However, Tom ‘Big Al’ Schreiter had it just right.  Here’s how he discusses a company’s compensation plan:

Compensation plans work like this:

If you have a lot of people using your products and services, you will earn a lot of money.

If you have fewer people using your products and services, you will earn less money.

That’s it.

Companies can only pay out a portion of sales in a compensation plan, so they have to pay it out to the people who produce the results.

That’s the big picture.

The people who micro-manage little percentages in a compensation plan are the people who have lots of time, because they don’t have a downline! 🙂

I’m a fan of Robert Kiyosaki, if you haven’t figure that out!

He speaks extensively on the issue of Cash Flow.

Cash flow pattern of the poor . . . of the middle class . . . and of the rich.

The one most interesting, and what should be most troubling is the cash flow pattern of the middle class.

Kiyosaki paints the picture seen all too often:

• High paying jobs, with nice homes, cars and credit cards.
• Put money into retirement/401(k).
• Balance goes to purchase toys and liabilities that don’t put money in the pocket.

Over time, he notes, that lifestyle must be sustained. With higher paying jobs or working longer hours.

And then, the catastrophic ramifications of being laid off or fired.

The solution?

While he doesn’t reference it in this article, he has spoken on building a passive income asset.

But, he describes the cash flow pattern of the rich.

Investing in assets that generate income.

Where do you fall? Do you need to change? What steps are you taking?

Click here == >> New Rule of Money #3: Learn How to Control Cash Flow

First, a definition of Plan B . . . and then, the “The Fourth Quarter”.

Plan B is the back-up or alternative plan you have in place in case what you’re doing now doesn’t pan out.

You know, the job you hate . . . or the “pink slip” discussion with your boss .  The unexpected medical situation . . . or even planning on your retirement years . . .

Before I left the professional world for my growing internet marketing business, I counseled many college students on their careers.

As the senior manager for two United States Senators and a U.S. Senate Committee, many college interns came through our doors.  They were studying medicine, politics, law.  They dreamed of their professional careers . . .

Maybe in a law office, working in Congress, like me, or working on public policy for their favorite cause.  They all came to ask, “How did you get to where you are?”

I offered them some wisdom of age, in addition to career counseling, . . .  Be thinking of what life will be like in 20 years, as you plan your life today.

Will they like their job? And what if they don’t?  Do they have a Plan B to implement? What is that alternative plan?

I urged them not to let things get in the way . . . thinking they had time to kick their Plan B into place . . . tomorrow . . .

Because, before they know it, things like marriage, kids, a mortgage, car payments.  You know,  the things of life that get in the way.

Fast forward to ME. Last year I turned 60 . . .  As my best friend, a year older, said, “we’re in the fourth quarter, buddy!”

I look back and I see some unfinished business.  You see, I violated my own rule . . .

Kids, marriage, the job got in the way of building out my own Plan B to the level that I would want today.

Well, no more . . . I’m singularly focused on my Plan B.   Which now has become my Plan A!

My wife and I have items on our bucket list that have been undone.   Travel . . . and we mean significant travel . . . not just “up the road” to a Holiday Inn Express . . .

And I’ve long dreamed of a villa in the Caribbean, our favorite vacation spot.  A work spot I can enjoy now (the beauty of an internet business . . . a good internet connection is all you need!) . . .   And an asset that can be part of our family long into the future.

So there you have it. Plan B and the Fourth Quarter.

I don’t know which quarter of the ball game you find yourself in . . .

But, take it from me, it’s never too late for that Plan B.

What to know what I’m doing?   You can reach me here.

I just finished Timothy Ferriss’s book, The Four Hour Work Week. “Escape 9-5. Live Anywhere And Join the New Rich.”

Ok, that’s a bit far out for me. Everybody’s personal circumstance is different, so what he was able to do with his life . . . running business while traveling the world for months on end . . . would not have fit for me. And maybe not for you.

Something to do with a wife, three kids and a dog . . .

But the book is packed with helpful suggestions, tips, and thoughts.

One has to do with time management and productivity.

“Are you being productive or just active,” he asked.

Are you inventing things to avoid the important?

If you are an entrepreneur, you probably have run into this wall.

He suggests 1) defining a short to-do list and 2) defining a “not-to-do” list.

Here’s the exercise he takes the reader through to zero in on time management:

First, he asks the reader to think about their to do list through a number of permeations of:

“If you had a heart attack and had to work two hours a day, what would you do?”

Then he asks two questions that should resonate with anybody trying to assess their productivity:

• What are the top-three activities that you use to fill time to feel as though you have been productive?
• Ask yourself, “If this is the only thing I accomplish today, will I be satisfied with my day.”

Hope you can apply these to your daily work schedule. . . and increase your productivity!

“If you’re short on time, you need network marketing more than anybody else.  Having more time isn’t the solution to most people’s problems.  Time management is.”

These comments came from a short video by Ray Higdon, an industry leader and coach.

How true.

Here’s another comment in his article that jumped out:

“I remember one night my wife was doing a home meeting and after her presentation she asked a well dressed guy what he liked about the presentation. He replied “I work 70 hours a week” of which Jess replied, without hesitation, “Ewww, how long do you have do that?”

You see, some people use the fact that they are busy as an excuse from doing network marketing or from taking on another project that could potentially change their lives. IF you are super busy right now, do you have a plan that can possibly help you NOT have to be so busy? If not, that is a scary thought.“

Seventy hours a week?  Is this you?

Click here for Ray’s short training video on the topic . . . Time Management for Busy People!

What the Wealthy Buy!

If you don’t follow Seth Godin, author, writer, and speaker, you might want to.

His blog posts most often are short and to the point,

The title of his last one caught my attention . . .

The Toddler Strategy

It’s hardly productive to ruin your day and your work trying to teach these folks [your critics who bring you down] a lesson.

Better, I think, to treat them like a toddler. Buy them a lollipop, smile and walk away.

The motto I follow as I build my business is similar to what he wrote.

I only work with people who I enjoy being with and who share a common goal.

Otherwise, here’s a lollipop!

Click through to read what he wrote (short read).

Ever wondered what the wealthy buy on pay day?

Or maybe you already know? 🙂

If you’re in the market for a home business or a new income stream, you might be interested in a video that helped me when I was exploring the home business landscape.

==>CLICK HERE<==

For me, this was the one, in-depth video that saved me from a lot of mistakes – from choosing the wrong business, for instance – and it overcame the misconceptions about the industry.

It’s a NO HYPE look at the business with real-world practical tips and strategies even Fortune 200 executives are eager to learn.

You might recognize the presenter from his Larry King interview, or through some financial print media.

He’s the “real deal”, a home business multi-millionaire who’s done it and teaches others how to do what he did.

It’s definitely worth your time if you’re serious about new revenue streams.

Click over there now and watch it while it’s fresh in your mind.

Tax advantages are one of the biggest positives of having your own home-based business.

As an employee, you could well be overpaying your taxes.

You can keep more of what you earn as a home-based business owner simply by following some simple steps and guidelines.

I signed up for a free webinar sponsored by Networking Times to hear former IRS Trainer, CPA, tax attorney, and Best Selling Author Sandy Botkin explain how you can give yourself that raise by keeping more of what you earn!

You will learn:

• How to get your gas for free
• How to legally deduct your kids video games and ballet lessons
• How to write off more of your meals and entertainment
• How claiming a home office can turbocharge your retirement
• How technology has made it easy to become a tax savvy business owner

I have followed Sandy for years. Using the information he provides in his products, I structured a trip to the Caribbean, conducting business and deducting part of my expenses!

The tips were easy to follow.  A productive business trip . . . and sand under my feet, looking at the Caribbean water!

Learn how to pay the least amount of taxes possible next year by doing a few simple things today.

Sandy has been training small business owners on tax strategies for over 30 years.

It’s well worth your time to sit in on this webinar!

Click here to register to learn how you can keep more of what your earn with your own home-based business!

You might be in the business of . . . looking for a business.

Or you might be in a business . . . and it’s time to re-evaluate.

Either way, there are important questions you need to ask yourself.

With a recent TV mini-series on the air centered on the Bernie Madoff disaster, the phrase “Ponzi Scheme” is tossed around.

Or “pyramid scheme” . . .

Ever wondered the questions you can ask to determine whether the business is legit . . . or a scam?

Networking Times Today identified “8 Differences that Anybody Can Understand” to help you evaluate whether the business opportunity you are considering is legit . . . or a scam

Start with the first: Legitimate companies deliver quality products or services. If the product or service doesn’t pass the smell test, that should be your first clue.

Or the second: Network marketers don’t earn commissions through recruitment. Legitimate companies pay based on product/service sales. Not recruiting.

If you are seriously evaluating a business, you will do well to check out these 8 questions you can filter any business opportunity through.

Click here for the Networking Times Today story: Network Marketing Legit or Scam? 8 Differences Anyone Can Understand

PS  Be sure to check the YouTube cartoon at the beginning!