7 Ways to Become Financially Wealthy

When I was growing up, it was all about going to college and getting a good job. I chose to have a career in education because I liked kids. It was all about the kids and it seemed rather noble to not make much money.

But then mid-life arrived, and it became more about having the financial resources to really improve my life and the lives of others.  I was weary of just making ends meet. In my quest for improved finances, I discovered seven ways to become financially wealthy:

  1. Inherit it
  2. Marry it
  3. Become a Professional Athlete or Hollywood Actor/Actress
  4. Become CEO of a major company
  5. Win the lottery
  6. Own your own company
  7. Leverage your money

At this stage of my life, I can rule out #1, #2 and #3. I’m definitely not going to inherit a huge trust fund, marry a millionaire, or sign on as a professional basketball player. (Only 1 in 160,000 people are ever paid money for sports.)

#4 and #5 probably aren’t in my future. GE and Time-Warner already have their future CEO’s in training. Plus, I’ve been in administration and it certainly comes with its share of headaches. I don’t buy lottery tickets, so I won’t be winning the lottery.

But there’s still #6 and #7.  Now we’re talking. Building a network marketing business combines the benefits of both.  The tax benefits alone for having a home business are real. Add the benefits of having a multi-level compensation plan, and you are positioned for success.

7 Ways to Become Financially Wealthy through Network Marketing

  1. Find a mentor who has experience and success in network marketing.
  2. Do your homework: Find a 5 pillar company. Know your Compensation Plan. Know your Policies & Procedures.
  3. Be self-disciplined. Little actions each day eventually result in big returns.
  4. Be patient. There’s a learning curve. Learning the tools of success takes times.
  5. Stay focused. Distractions can derail and discourage. Get back on track ASAP.
  6. Find a system that will help you find business partners.
  7. Continue to grow as a person through education, personal development. Readers are leaders.

To your success,

Margi Starr