If you follow your dreams and spend your life doing what brings you joy, you are more likely to find success. – Richard Branson
Archive for the ‘Personal development’ Category
Matt Morris is a leader in the industry. He’s a great trainer, with great tips. Here is his latest. Learn a lessong from him!
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 consider myself a reasonable smart person. But I did something pretty foolish with my primary email address this week.
My business runs on email . . . Vital . . .
When I have to delete my primary account for a couple of days . . . and I wasn’t sure I could get it back . . . that’s not good.
Here’s the story . . . so you can avoid my mistake.
I received an email from my credit card company asking if the recent charges were legitimate. Four of the five were. One for $1200 wasn’t.
First, I called the credit card company to cancel the card. Hopefully, this transaction was cancelled before the crooks got the tablet shipped to them.
The credit card company described a payment to PayPal. I have a PayPal account (PayPal is another story for a later day), so I checked to see if there was activity in my account. There was no activity.
Alert number one that something was wrong: Credit card payment to PayPal but no activity in my PayPal account.
I then noticed an email arrived from eBay with the description of the tablet and the eBay seller. Yet, when I checked my eBay account, there was no activity and no tablet transaction listed.
Alert number two that something was wrong: Email from “eBay” on transaction that was not in my eBay account. This is the spoof email. And email designed to look legitimate but containing nasty links and lurkers.
A smart person would have stopped at that point. But, not me. I clicked on the “view transaction” in the spoof email.
Once I clicked, I told the hackers they had a live fish on the hook. A good, valid, working email address. The email address they sent the spoof email to.
Within five minutes, my inbox was flooded. Probably 300 messages in 15-20 minutes.
The hackers took my email address and mass submitted registrations to hundreds of websites. A good number of them required “click to confirm your registration” links, so those will fall to the wayside. However, there appeared to be some that went straight through for registration.
I hope my wife understands I’m not looking for a Russian wife . . .
GoDaddy was excellent through most of this.
They had me delete my account for a couple of days. They counseled that likely the hackers would move on to some other foolish person (my description, not theirs!), once they realized I cancelled my account and they were receiving bounce backs.
After two days, I started the email address back up, and as they counseled, the hacker emails had stopped. I’m watching cautiously.
This may not apply to you, but if you’re using a hosting account for email, you might want to check with the company about their retention and retrieval process. GoDaddy keeps email on their server for 14 days, even if the email account is deleted.
Moral of the story. If you get word of a compromised credit card, and then get a “confirming” email from the online vendor (eBay, Amazon, PayPal), don’t walk into the trap like I did. Log in separately and check your accounts. If you can’t find activity, the alarms should go off!
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
