Maybe you’ve had someone who joined a Network Marketing business opportunity who quit their job after two months in the business. What a great start, huh? Walked away from the JOB so quickly… Wouldn’t you want that too?
There’s a sad side to this story though.
The income earned in those two months came strictly from signing people up (the front end of the plan) not from the recurring monthly residual income (the back end of the plan). Imagine his shock when in the third month, no one wanted to join so there was no income coming in. Panic Time!!!
My friend went to see if he could get his job back, but ……… he had already been replaced.
So, "When Can I Quit my JOB" is a GREAT question.
Here’s what the master, Tom "Big Al" Schreiter has to say about that.
One of the biggest reasons people join network marketing is because they hate their jobs.
Their goal is to earn enough money so they can afford to leave their present employment. Will that give them financial security? Probably not.
For example, let’s say that John earns $2,500 a month. That $2,500 a month pays the expenses for John and his family. While he is building his networking business, his part-time checks of $1,000 per month represent extra income that is not required to cover their personal overhead.
It’s unencumbered money. That extra $1,000 a month could buy trips, nice cars, fun times, pay off debts, or could be saved for retirement or invested for financial security. Life is good with extra cash to spend as you wish.
But what happens when John’s network marketing check reaches $2,500 a month?
He quits his job. Now John’s $2,500 a month network marketing check pays the expenses for John and his family. There is no extra cash or fun money. The budget is tight. John sweats his sales volume every month hoping his check won’t drop to $2,300.
See the difference?
The successful networkers I know keep their job and invest their network marketing check. After a few years they are totally financially independent because of their investments.
Then, they quit their job. Their investments pay the monthly expenses while their networking checks are spent on vacations and other fun activities.
"Nothing magical happens when you quit your job except that your income disappears." — Art Spikol
"Since I quit my j-o-b, I sleep like a baby. Every three hours I get up and cry." — Anonymous Distributor
Something to consider.
Great and wise words…. don’t you think?
To YOUR Success
~Jennifer Fisher
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January 17th, 2012 at 2:40 pm
Great post Jennifer. Before I met you and got plugged into MFF that was me all I kept talking about was quitting my job and I hadn’t even made a penny yet.You grow, You learn.
January 17th, 2012 at 9:48 pm
Indeed so, James. We grow, we learn, we grow…. Thanks for dropping by.
~Jennifer
January 20th, 2012 at 5:20 am
Hi Jenn…
Like this as I am the one who had quit my job but only when I have same or more extra income compare to what I get from my previous job and now I am happy for this.
Anyway thanks a lot for this.
February 17th, 2012 at 8:30 pm
I like this post Jennifer! Very true, while we maybe can’t wait to quit our job and work for ourselves, we’ve got to be realistic and patient. My plan is to wait until I’m making over twice what my job pays me and at least for 6 months before I quit my job.
I like your blog and your outlook!
February 21st, 2012 at 6:19 pm
Realistic and Patient – Great outlook and excellent plan, Elizabeth…
Thanks for stopping by,
~Jennifer