Les Brown

Network Marketing, also known as MLM (Multi-Level Marketing), can be worked successfully online as well as the more traditional, person to person, direct mail or over the phone methods.

Net work Marketing had its roots long before the internet. Some very large and successful companies were built on, and continue to thrive, based on a MLM model. The way it basically works is this: a company sells products or services through a vast network of independent distributors that sell at retail prices to the end consumer.

The new distributor usually pays some sort of fee to join and/or has to buy a certain amount of the products to gain distributorship status. All legitimate network marketing companies work on a solid business model. The parent company has a product or service of value to offer its customers. The networker’s responsibility is two-fold; to find other customers to buy the product and to recruit new members.

Network Marketing companies urge distributors to bring in new people to do the same as they are. The referring distributor then earns a commission on the products that the new distributor sells. If the new distributor also brings in other distributors, the original distributor also receives commissions on those sales and so on. This is the “Multi Level” business model. You can be paid on any where from 2 to 10 levels, some companies pay even more.

In most network marketing companies you can earn more income by referring new members than you can by just marketing the companies products. The best distributors are usually people who love the product and who would still purchase the products even if there were no business opportunity also.

If you are considering a network marketing opportunity, you should ask the following questions:

1)      Who owns the company? What is their commitment level, their integrity and honesty?

2)      How old is the company, most companies fail with in the first 5 years.

3)      Who is your upline? What kind of training does the company and/or your upline provide. Investigate the entire upline just like you would a business partner you’d never met before.

4)      What is the product? Become an expert on the product and/or service that’s being offered to clients. Learn as much as you can about the competition as well.

5)      How long will it take for you start making money? Don’t fall for the line that it takes months or even years to show a profit. You should be able to recoup your investment and start earning income within just a few weeks. Although making a living may be another story. It is usually best to start your new business on a part time basis first.

6)      How do you recruit new members? As a customer first, then mention the possible income opportunity, or the business opportunity first and the products second. Usually a combination of these two methods works best depending on the person that you are talking to.

7)      Why pursue this network opportunity with this company? This is perhaps the most important question of all. Don’t just focus on the short-term earnings; you should concentrate on your long-term goals also.

Essentially, there are no right and wrong answers to these questions concerning a network marketing opportunity. The point is to make sure that everything you need to know is easy to find out, if the answers are vague, do more research before you decide if this is the right company for you.

Many people have made a lot of money in network marketing; this type of business can supply you with a very nice part time residual income.

Author Resource Box

Lee Stuckey is the owner of Key2Wealth.net, he writes on a variety of subjects concerning the 4 Pillars of Wealth Creation. To learn more about this topic Lee recommends you visit: http://www.key2wealth.net

Warren Buffett

When you mention Benjamin Graham, Warren Buffett, and value investing in the same conversation, you’re likely to get everyone nodding and going along with what you say. That’s because agreeing with a philosophy is the easy part. But actually understanding and applying the approach of that philosophy is another story.

Aside from what he’s currently buying and selling, Buffett has no investment-related secrets. It is my sincere belief that if you read Graham’s The Intelligent Investor and Security Analysis, along with everything Buffett has written, and then work on truly understanding and applying their principles to investing, you will outperform 75% of investors.

Graham sums up how to invest intelligently when he says, “Investment is most prudent when it is most businesslike.” Apply that reasoning to your investment considerations, and you will already have a head start. But to elaborate on that idea, let’s turn to some words of wisdom from the Oracle of Omaha himself.

“I am a better investor because I am a businessman and a better businessman because I am an investor.”

Running a business and making an investment go hand in hand. It’s that simple. You wouldn’t buy a business based only on rapidly increasing profits, nor should you invest in a company on that one metric. Instead, the prudent businessperson and the intelligent investor would scrutinize the balance sheet and determine, for example, whether earnings growth has been coming at the expense of increased receivables as a result of poor credit policy. Furthermore, as any businessperson realizes, earnings are easily manufactured, whereas cash is real.

Buffett’s 1973 investment in the Washington Post (NYSE: WPO) is a wonderful example of a businesslike approach to investing. The idea was simple. The Post owned a wonderful collection of media assets that Buffett concluded were worth about $400 million. The company, meanwhile, was selling for just $80 million. Was it a great business? Yes. Was there a satisfactory margin of safety? Yes. Case closed.

“Never ask a barber if you need a haircut.”

Here, Buffett was alluding to investment bankers and analysts. Let’s face it: These folks get paid when you buy what they’re selling. To be fair, there are many excellent investment bankers and analysts who truly offer a valuable service. Buffett’s illuminating point was that you already know the answer you’re going to get, and it will be determined by everything but rationality.

“I don’t try to jump over 7-foot hurdles: I look for 1-foot hurdles that I can step over.”

Buffett’s critical advantage over the pack is that he focuses on the boundaries of his circle of competence rather than the size of his circle — although his is still probably bigger than most. It’s illuminating that one of the most talented investment minds of our time made the bulk of his fortune through businesses such as insurance via GEICO, soft drinks via Coca-Cola (NYSE: KO), candy, razor blades, and a host of others that are simple to understand.

“We don’t get paid for activity, just for being right. As to how long we will wait, we’ll wait indefinitely.”

Buffett has always said you should never allow the stock markets to guide you, because the market is really there to serve you. One of Buffett’s greatest attributes is that he can be patient about investments until the time is right, regardless of how long that time may be. In one case, Buffett waited nearly four years to make a significant move — in 1970, he folded his partnership and made virtually no public-market investments until 1974, when the price-to-earnings ratio of the S&P went from around 20 to 7. At that point, Buffett began buying all over the place.

During that time, Buffett became famous for saying, “I was selling stocks at three times earnings to buy stocks at two times earnings.” The approach worked: Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) shares rose from $40 to $420 per share from 1975 to 1980, for about a 57% annual rate of return!

“When a management team with a reputation for brilliance joins a business with poor fundamental economics, it is the reputation of the business that remains intact.”

A truly great business can survive with mediocre management. You should always consider that at some point, less-than-stellar management will find its way to the helm of any business.

Words to invest by
From just these few simple words, you can develop a good framework for successful investing. Simply focus on investing in great businesses that you can understand, and then be patient. Do what Warren would do.

By Sham Gad

Lee Stuckey

Key2Wealth 

      Wealth is any thing, that is, or can be made, valuable to man, or available for his use.

The term wealth properly includes every conceivable object, idea, and sensation, that can either contribute to, or constitute, the physical, intellectual, moral, or emotional well-being of man.

Light, air, water, earth, vegetation, minerals, animals, every material thing, living or dead, animate or inanimate, that can aid, in any way, the comfort, happiness, or welfare of man, are wealth.

Things intangible and imperceptible by our physical organs, and perceptible only by the intellect, or felt only by the affections, are wealth. Thus liberty is wealth; opportunity is wealth; motion or labor is wealth; rest is wealth; reputation is wealth love is wealth; sympathy is wealth; hope is wealth; knowledge is wealth; truth is wealth; for the simple reason that they all contribute to, or constitute in part, a man’s well-being.

All a man’s faculties, physical, intellectual, moral, and affectional, whereby he either procures, or enjoys, happiness, are wealth.

Happiness itself is wealth. It is the highest wealth. It is the ultimate wealth , which it is the object of all other wealth to procure.

Inasmuch as any given thing is wealth, because, and solely because, it may contribute to, or constitute, the happiness or well-being of man, it follows that every thing, that can contribute to, or constitute, his happiness or well-being, is necessarily wealth.

The question whither a given thing he, or be not wealth, does not therefore depend at all upon its being tangible or perceptible by our physical organs; because its capacity to contribute to, or constitute, the happiness of man, does not depend at all upon its king thus tangible or perceptible. Things intangible and imperceptible by our physical organs, as liberty, reputation, love, and truth, for example, have as clearly a capacity to contribute to, and constitute, the happiness and well-being of man, as have any of those things that are thus tangible and perceptible.

Another reason why tangibility and perceptibility by our physical organs, are no criteria of wealth, is, that it really is not our physical organs, but the mind, and only the mind, that takes cognizance even of material objects. We are in the habit of saying that the eye sees any material object. But, in reality, it is only the mind that sees it. The mind sees it through the eye. It uses the eye merely as an instrumentality for seeing it. An eye, without a mind, could see nothing. So also it is with the hand, as it is with the eye. We are in the habit of saying that the hand touches any material thing. But, in reality, it is only the mind, that perceives the contact, or takes cognizance of the touch. The hand, without the mind, could feel nothing, and take cognizance of nothing, it should come in contact with. The mind simply uses the hand, as an instrument for touching; just as it uses the eye, as an instrument for seeing. It is, therefore, only the mind, that takes cognizance of any thing material. And every thing, of which the mind does take cognizance, is equally wealth, whether it be material or immaterial; whether it be tangible or perceptible, through the instrumentality of our physical organs, or not. It would be absurd to say that one thing was wealth, because the mind was obliged to use such material instruments as the hand, or the eye, to perceive it and that another thing, as an idea, for example, was not wealth, simply because the mind could perceive it without using any material instruments.

It is plain, therefore, that an idea, which the mind perceives, without the instrumentality of our physical organs, is as clearly wealth, as is a house, or a horse, or any material thing, which the mind sees by the aid of the eye, or touches through the instrumentality of the hand. The capacity of the thing, whether it he a horse, a house, or an idea, to contribute to, or constitute, the well-being of man, is the only criterion by which to determine whether or not it be wealth; and not its tangibility or perceptibility, through the agency of our physical organs.

An idea, then, is wealth. It is equally wealth, whether it be regarded, as some ideas may be, simply as, in itself, an object of enjoyment, reflection, meditation, and thus a direct source of happiness; or whether it be regarded, as other ideas may be, simply as a means to be used for acquiring other wealth, intellectual, moral, affectional, or material.

An idea is self-evidently wealth, when it imparts happiness directly. It is wealth, because it imparts happiness. It is also equally wealth, when it is used as an instrument or means of creating or acquiring other wealth. It is then as clearly wealth, as is any other instrumentality for acquiring wealth.

The idea, after which a machine is fashioned, is as clearly wealth, as is the material of which the machine is composed. The idea is the life of the machine, without which, the machine would be inoperative, powerless, and incapable of producing wealth.

The plan after which a house is built, is as much wealth, as is the material of which the house is constructed. Without the plan, the material would have failed to furnish shelter or comfort to the owner. It would have failed to be a house.

The idea, or design, after which a telescope is constructed, is as much wealth, as are the materials of which the telescope is composed. Without the idea, the materials would have failed to aid men in their examination of the heavens.

The design, after which a picture is drawn, is as clearly wealth, as is the canvas on which it is drawn, or tile paint with which it is drawn. Without the design, the canvas and the paint could have clone nothing towards producing the picture, which is now so valuable.

The same principle governs in every department and variety of industry. An idea is every where and always the guide of labor, in the production and acquisition of wealth; and the idea, that guides labor, in the production or acquisition of wealth, is itself as obviously wealth, as is the labor, or as is any other instrumentality, agency, object, or thing whatever, whether material or immaterial, that aids in the production or acquisition of wealth.

To illustrate- The compass and rudder, that are employed in guiding a ship, and without which the ship would be useless, are as much wealth, as is the ship itself, or as is the freight which the ship is to carry. But it is plain that the mind, that observes the compass, and the thought, that impels and guides the hand that moves the rudder, are also as much wealth, as are the compass and rudder themselves.

So the thought, that guides the hand in labor, is ever as clearly wealth, as is the hand itself; or as is the material, on which the hand is made to labor; or as is the commodity, which the hand is made to produce. But for the thought, that guides the hand, the commodity would not be produced; the labor of the hand would be fruitless, and therefore valueless.

Every thing, therefore- whether intellectual, moral, or material, however gross, or however subtle; whether tangible or intangible, perceptible or imperceptible, by our physical organs- of which the human mind can take cognizance, and which, either as a means, occasion, or end, can either contribute to, or of itself constitute, the well-being of man, is wealth.

Mankind, in their dealings with each other, in their purchases, and in their sales, both tacitly and expressly acknowledge and act upon the principle, that a thought is wealth; that it is a wealth whose value is to be estimate and paid fur, like other wealth. Thus a machine is valuable in the market, according to the idea, after which it is fashioned. The plan, after which the house is built, enters into the market value of the house. The design, after which a picture is drawn, and the skill with which it is drawn, enter into, and mainly constitute, the mercantile value of the picture itself. The canvas and the paint, as simple materials, are worth- in comparison with the thought and skill embodied in the picture-only as one to an hundred, a thousand, or ten thousand.

Mankind, ignorant and enlightened, savage and civilized, with nearly unbroken universality, regard ideas, thoughts, and emotions, as the most valuable wealth they can either possess for themselves, or give to their children. They value them, both as direct sources of happiness, and as aids to the acquisition of other wealth. They are, therefore, all assiduously engaged in acquiring ideas, for their own enjoyment and use, and imparting them to their children, for their enjoyment and use. They voluntarily exchange their own material wealth, for the intellectual wealth of other men. They pay their money for other man’s thoughts, written on paper, or uttered by the voice. So self-evident, indeed, is it that ideas are wealth, in the universal judgment of mankind, that it would have been entirely unnecessary to assert and illustrate the fact thus elaborately, in this connection, were it not that the principle lies at the foundation of all inquiries as to what is property; and, at the same the, it is one that is so universally, naturally, and unconsciously, received and acted upon, in practical life, that it is never even brought into dispute; men do not stop to theorize upon it; and therefore do not form army such definite, exact, or clear ideas about it, as are necessary to furnish, or constitute, the basis, or starting point, of the subsequent inquiries, to which this essay is devoted. For these reasons; the principle has now been stated thus particularly.

By Lysander Spooner(1855) The Law Of Nature

Lee Stuckey

Key2Wealth 

Never, never, never, never, never, in nothing great or small, large or petty, never give in, except to convictions of honour and good sense. Never yield to force; never yield to the apparently overwhelming might of the enemy.

Churchill and his people were in danger of being bombed out and overrun by the German military when he said that. You might not be experiencing the blitz, but you can still apply those words of courage to your daily life. There are days when I have so many problems come at me at once that it can seem like the blitz. I don’t give in to them, and neither should you–ever!

Another important thing about courage is that it will help you think and act in the right way. It will help you focus on the opportunities in front of you instead of on the problems. Problems are often opportunities coming at us in packaging that isn’t what we expect or want. This has happened to me more times than I can count. So when I say I welcome problems, there’s a reason for it. Keep your mind flexible and open to creative solutions to your problems.

Einstein said, “You can’t solve a problem with the same thinking that created the problem.” That’s a good way to avoid brain cramps as well as find a solution.

Back to courage. Remember that fear can be conquered. Know that you are capable of courage and that you are designed to succeed–that’s half the battle. Then go full throttle, and the odds will be on your side.

Today’s article by Donald J. Trump is adapted from his latest book Trump: Never Give Up

Lee Stuckey

Key2Wealth 

Greg Anderson

1. Use a “P.S.” at the end of your ad copy. This
is were you either want to repeat a strong benefit
or use a strong close like a free bonus.

2. Publish a free ebook and give it away from your
web site or in your e-zine. This will increase your
traffic, sales and e-zine subscribers.

3. Create multiple streams of income with your web
site. You could sell your own products, join affiliate
programs, sell advertising space, etc.

4. Give your visitors compliments in your ad copy.
This can earn their trust and put them in a good
mood, in return they will be easier to sell too.

5. Create new products or services only if there is
a strong need for them. You won’t have anyone to
sell them to if you don’t have a market.

6. Sell your backend products to your customers
right after they order. Take them to a “Thank You”
web page that includes other products you sell.

7. Sell a few products on your web site instead of
selling a large amount of products. To many choices
can overwhelm your visitors and they won’t buy.

8. Include content and free stuff on your web site
that promote the products you’re selling. If they
don’t read your ads, they may read your offerings.

9. Remind your visitors that you’re human not just
a web site. You could publish information on your
family life, a picture of yourself , a profile, etc.

10. Provide a “Contact Page” on your web site.
Give your visitors as many options to contact you
as possible. This’ll add credibility to your business.

Lee Stuckey

Key2Wealth

- George Clason

In regard to making money on the Internet, everyone is always
looking for the quick fix. They want to sign up for a program,
place an advertisement, and make hundreds or thousands of dollars
instantly. While this may be possible depending on your
circumstances, the most direct and guaranteed path to success on
the Internet is to stick with the fundamentals.

A friend of mine who is an athletic coach for kids in the city
where I live reminded me of this lesson. This guy is actually so
passionate about kids and athletics that he coaches 4 different
sports: basketball, soccer, baseball and football. Of course, he
has a kid of his own on each team. But what is remarkable about
this guy is the results he gets with his teams.

He was recruited to coach the 8th grade football team where his
children go to school. After 27 years of losing seasons in a row,
the first year my friend became the head coach the team won the
district championship and repeated their championship run the
following year. This past weekend he coached 12 different games
and won all 12 of them. As you can tell, this guy is extremely
dedicated.

But the funny thing is that he and the kids he coaches are not
totally hung up on winning. If they lose a game, they feel
equally good about themselves as they would if they had won. What
matters most to them is how well they played and lived up to
their potential as a team.

The real question is how my friend’s teams continually perform
on such a high level and beat nearly anyone they play even though
they are often smaller and younger than their competitors. I
asked this question to my friend the other day and he told me
that it’s all in the fundamentals.

In his practices, all he works on with his kids is keeping a
positive mindset and practicing the fundamentals. He told me that
his teams never scrimmage or strategize about upcoming games
during practice. They simply work hard on all the fundamentals of
whatever particular sport they are playing and do so more than
any other team they play. This constant practice and improvement
of the fundamentals is what allows his teams to progress faster
than his competitors. While most other teams get caught up with
how to win, out-strategize, be stronger than and intimidate their
opponents, my friend’s team is just so good at the basics that
they blow everyone out of the water when game day arrives.

This got me thinking about my own Internet business and why I’ve
been able to succeed on such a high level while most others who
have tried to do what I do have failed. The answer is not really
surprising.

Most people who try to build a successful Internet home business
are looking for the quick fix. They want it to work IMMEDIATELY
and so they usually fall prey to business opportunities that
promise to help them get rich overnight and advertising scams
that promise to deliver thousands of hungry prospects to their
website in the next 24 hours. Of course, these opportunistic
schemes are really just geared to steal people’s hard earned
money. You see, when someone is desperate and looking for an
INSTANT solution, they will often be taken advantage of and their
chances for success with an Internet home business are slim to
none.

However, while there are thousands of business opportunities on
the Internet and millions of different ways to advertise and
promote your website, I personally practice the fundamentals in
my Internet home business. I do this by sticking with the
business opportunities I’ve joined for the long haul and
promoting my website consistently with simple, affordable and
easily maintained Internet marketing techniques.

In fact, one of the techniques that works best for me is writing
articles like this one and getting them published on other
people’s websites using article syndication tools and software
found online.

By writing articles and getting them published on other websites
online using powerful tools like those mentioned above, I’m able
to get my name and website address in front of thousands of
people without paying a dime in advertising. Of course, the key
to this strategy is that I write and distribute articles
consistently in this way. It’s one of those “fundamentals”
that doesn’t cost anything but a little time and effort. Fact
is, it’s this price of time and effort that most people are
unwilling to pay. They’ll gladly part with hundreds or even
thousands of dollars, but ask them to do a little hard work and
they say “No way.”

It’s this understanding that can separate you from the pack. If
you are willing to practice the fundamentals of your business
faithfully and consistently, you will be destined to succeed on a
high level. But if you can’t and you’re only looking for the
quick fix, you have already lost the game before you even set
foot on the field.

Even pros like me practice the fundamentals every day. In fact,
especially pros like me practice the fundamentals. The moment I
stop practicing the fundamentals is the moment I stop being a
pro. Think about this carefully and then renew YOUR commitment to
the fundamentals of your Internet home business today. Do this
and you will soar past your competition.

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money online with affiliate programs. If you can follow 3
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Lee Stuckey

Key2Wealth

Napoleon Hill

Ambitious people dream big dreams and the only behavior they accept from themselves is to make those dreams come true. In order for you to do that, you will need to commit to becoming excellent in your field. Once you’re headed down that road, you must STAY ON IT!

Commitment means getting up if you trip along the way. It means putting one foot in front of another, even if the going gets tough. It means no detours or shortcuts - no looking back. Just keep moving forward on the road to your own success.

The biggest difference you can make is to COMMIT to make a big difference! Decide it and do it! Choose to become the best and you will. Beyond wishing and hoping, commitment means planning and doing.

Make the commitment today to improve your skills. Your first step is to MAKE THE DECISION! Your second is to act on your decision.

This is a short piece taken from a coarse I have enrolled in at Success University taught by Brian Tracy

Brian Tracy

Brian is one of America’s leading authorities on the development of human potential and personal effectiveness. He addresses more than 400,000 men and women each year and is the author of countless best-selling audio-cassette programs including The Psychology of Selling. BrianTracy.com

Lee Stuckey

Key2Wealth.net

Staying in touch with your contacts every few months is the best way to let people know you are available without going overboard. In fact, some of your contacts will likely welcome the fact that you’ve taken the time to give them a call. Of course, you don’t even have to use the phone. A monthly newsletter is also a perfect way to keep everyone advised about what you’re doing. They will enjoy being informed about your new products and services offered.

Starting a website is the most effective way to communicate with others about your business. On your website, you will be able to include a summary of your products and services, how you work, examples, and testimonials of satisfied customers so visitors can get a better idea of who you are. Including contact information including your phone number and email address make is easy for potential customers to contact you.

Making it easy for these potential customers should be one of your goals when it comes to creating a promotional campaign. Never leave people in the dark when it comes to the products and services you offer, or the quality of those services. A website that is easy to navigate, professional, and includes all the information needed to make an informed decision will be appreciated by your customers.

If most of your advertising will be online, you will have to find specific audiences who need your services so you don’t waste time and money advertising on sites or search engine result pages that don’t cater to those who would want to hire you.

Conducting Internet research, under standing where on the Internet potential clients and customers can be found will help in the long run. Once you have found these audiences, you should spend your energy and money on ads, web blogs, and lining with other businesses that are similar or whose client base could also use your services as well.

Print advertising includes placing ads in local and national newspapers, niche magazines, creating color brochures, newsletters, and other information that pertains to your home business. After creating a list of contacts, you should periodically send them information about your services. If you add a new product or service to your offerings, you should let people know as this will hopefully increase your income.

Beginning a home based business can be overwhelming, but when you create a marketing strategy that incorporates some or all of the tips mentioned above, it can become easier to manage. Because a home based business may take a few months to become profitable, you will have to be patient and continue your promotional campaign. Eventually, all of your efforts will pay off as your business begins to grow. 

Author Resource Box

Lee Stuckey is the owner of Key2Wealth.net, he writes on a variety of subjects concerning the 4 Pillars of Wealth Creation. To learn more about this topic Lee recommends you visit: http://www.key2wealth.net

The MLM business functions by enrolling unsalaried salespeople to sell products and meanwhile earn additional sales commissions based on the sales of people enrolled into their downline, an organization of people that includes direct recruits, recruits’ recruits and so on. This arrangement is similar to franchises where royalties are paid from the sales of individual franchise operations to the franchisor as well as to an area or region manager.

There can be multiple levels of people receiving royalties from one person’s sales. New MLM members may be required to pay for their own training and marketing materials, or to buy a significant amount of inventory to start their career.

The compensation plans vary from one MLM business to the other, but there are basic plans in place. The Unilevel or Stairstep Breakaway plans are the oldest and most popular in the MLM business. These plans features two types of distributors either managers or non-managers.

The pay method of these plans may include overrides which are overrides from their down line. This method is  similar to other types of sales organizations.

Most plans compensate at least three generations of such managers and some up to infinity. Executive bonuses are commissions for managers who exceed a posted sales quota. (For example, 2% of the total company sales revenue may go to a bonus pool that is shared monthly to managers who exceed $10,000 in that month).

Commissions are based on the aspect of cycles, where a distributor is paid a fixed amount whenever both legs achieve a certain number of sales units each. Commissions are paid incrementally when the sales volume in each leg matches.

In recent years, the MLM business has developed an image problem due to its resemblance to the illegal pyramid or other similar schemes. MLM businesses operate in the United States in all 50 states and in more than 100 other countries around the world. They are regulated by the Direct Sellers Assoc. (DSA). Many pyramid schemes try to present themselves as legitimate MLM businesses.

In the legitimate MLM companies, commissions are earned only on sales of the company’s products and/or services. No money may be earned from recruiting alone through sign-up fees, though money earned from the sales of members recruited is one attraction of MLM arrangements.

A commonly adopted test of legality is that MLMs follow the so-called 70% rule which prevents members “inventory loading” in order to qualify for additional bonuses. The 70% rule requires participants to sell 70% of previously purchased inventory before procuring new orders. There are however variations in interpretations of this rule. Some attorneys insist that 70% of purchased inventory should be sold to people who are not participants in the business, while many MLM companies allow for self-consumption to be a significant part of the sales of a participant. The Federal Trade Commission offers advice for potential MLM members to help them identify those activities that could be scams.

If you are interested in more detaled information please go to: Home Based Business-Network Marketing

Lee Stuckey

Key2Wealth.net 

New highs: Berkshire Hathaway (BRK-A)

Berkshire Hathaway closed at $144,800.00 yesterday for the class A Shares and about $4,827 for the Class B shares. I like that headline as Berkshire is one of the largest stock holding I have and I do not expect that it will ever be anything less in my portfolio.

Warren Buffet, the most successful Investor ever is the Chairman and CEO of Berkshire Hathaway. I think Warren and Charlie Munger(his partner) are the two most honest men and with integrity that I have ever had the pleasure to listen to in business.

Last year in Omaha at the annual meeting there were over 27,000 people. This meeting is called “Woodstock for Capitalists”.

If you are interested in reading about some of Warren’s ideas, have a look at his “Owners Manual“, I think it is well worth reading.

“I will only swing at pitches that I really like. If you do it 10 times in your life, you’ll be rich. You should approach investing like you have a punch card with 20 punch-outs, one for each trade in your life. I think people would be better off if they only had 10 opportunities to buy stocks throughout their lifetime. You know what would happen? They would make sure that each buy was a good one. They would do lots and lots of research before they made the buy. You don’t have to have many 4x growth opportunities to get rich. You don’t need to do too much, but the environment makes you feel like you need to do something all the time.

Warren Buffett

Lee Stuckey

key2wealth.net