Members of my Network Marketing Coaching Programs can ask me for help or advice every week.
Today's Coaching Question comes from Advanced Diamond Mastermind Coaching member, Nancy from California.
Hi Mr Simon.. I have a Question of the week… What should I do with the money made in my network marketing business? Investments, savings, etc?
Since you are a leader already, I will answer it from a leader's perspective in the video and you can skip right to it.
But for other associates…
What to Do with the Money You Make in Network Marketing
For most associates who are part time in network marketing…
the BEST use of your money is to invest it BACK into the business.
The WORSE use of the money is to blow it on a liability and new toys.
I would break it down like this:
– BEST option: Invest it back into the business
– SO SO option: Use it to pay off your debts or save it in the bank
– WORSE option: Waste it on a new toy and have more bills and expenses to pay
Again, that is for most associates.
As for leaders, the video below has my suggestions and advice.
Make sure you apply what you learn and let me know how it helps you!
P.S. Many of you have contacted me and enjoy the lessons that I have included in my past blogs. If you are hungry and want to learn more tips on how to increase your productivity, improve your life and become more successful, I would like to invite you to become a member of Simon Chan Insider's Circle. For a limited time Membership is FREE. Click Here to learn more.
Do You have a Coach?
Tiger Woods has several coaches. NBA basketball stars hire private coaches in the offseason. Even the richest person in the world, Bill Gates has coaches.
Every successful network marketer including myself rely on coaches and mentors to become successful.
But do you have a mentor and coach that pushes you to take your network marketing business to the next level?
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