Let’s talk about MLMs. We’ve all heard about multi-level marketing companies but are they all scams? Some of them are legit right? MLM ‘opportunities’ are on the rise and we’re seeing more and more products that are pitched by friends and in particular by folks we know on social media. Americans are more susceptible than ever these days and we might be more likely to get tangled up in a pyramid scheme due to financial insecurity brought on by covid. So in this episode we cover what an MLM is and how it’s different from a pyramid scheme, a brief history of some MLM companies, and then some different avenues to take instead of joining up with a multi-level marketing company.
Links from this episode:
- When it comes to using white noise to limit distractions while you’re working from home, check out MyNoise.net which I use daily. This 747 airplane track on Amazon Music set to loop is pretty amazing too.
- If you’re looking to make some additional income, then check out Sidehusl, Fiverr, and FlexJobs as they’re all most likely going to be a better option for you than an MLM.
- And here’s a fun post we wrote about how to go broke, quickly! Trying to get rich quick and falling for MLMs is a sure way to lose a bunch of money.
During this episode we enjoyed a Double Up by Monday Night Brewing! And as we’ve ramped up the podcast with an additional Friday episode every week, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times!
Best friends out!
