Does Money Breed Insensitivity?

Does Money Make You Insensitive?

 

Many of you may have listened to Paula Pant’s Afford Anything podcast with Suze Orman where Orman completely destroys the idea of FIRE (Financial Independent Retire Early). I was utterly speechless at the comments that she made.

 

Orman’s Perspectives

 

Orman speaks of the money she has, her private island, her prior 5 houses and 5 cars, and the tens of millions (or more) that she has made over her lifetime. She thinks retirement requires millions of dollars, and that $80 thousand a year is not enough to live on.

 

She goes so far as to talk about extremes, like what if a pole goes through the front of your windshield and you are disabled? She also thinks parents should pay for private school and post-secondary education for children.

 

When did people with money forget what it’s like to not have money?

 

What Orman did not realize was that she was so opinionated, she made listeners like me absolutely sick. From the idea that lower income earners can never dream of FIRE, and that FIRE will break our economy, it was demoralizing.

 

Orman is not the only one who forgets what it’s like to not have a 6-figure income. My background of working for professionals reminds me of the differences between the haves and the have nots.

 

Does Privilege Breed Insensitivity?

 

Some people find it encouraging to see others who have amassed a large income, but there are others who simply did not have the means to attend a post-secondary education institution for the extra years it takes to become a doctor, lawyer, or other professional designation. What bothers me the most is when the assistant/employee/lower-wage earner is clearly an important and necessary part of the foundation of a high wage earner’s enterprise, and yet they are treated as unnecessary, and paid either under a living wage or just at a living wage.

 

I want to ask them, was there a time when you did not know how you were going to pay rent? Did you ever have to decide between going on a vacation or investing in your retirement? Did you ever stop to think that your employees do not have the same options as you in life? And yet, without them, you would not be as successful as you are today.

 

I spoke about the inequalities in my minimum wage post, and still wonder what it will take for people like Orman to realize that the options for her and the options for the rest of us will never be the same.

 

Some of us will be fortunate, and may have a successful career, minimal health issues, and be able to plan for retirement. Some of us will always be playing catch up; hoping we can work long enough to save for retirement.  But for those who are extremely wealthy, why do you forget the struggles? Why do you discount the privilege?

 

While I am not saying that those who are wealthy beyond their needs should give handouts to others, I am really hoping that they consider paving the way for some others to find opportunities. Many wealthy people use charitable donations to minimize taxes, but when was the last time they stepped out of their private island comfort zone and gave a hand up? Got their hands dirty, and blessed people who work hard and may never have enough to travel their continent, never mind the world?

 

Callout to the Wealthy

 

This is a callout to all those who have had tremendous success. Please reach out to someone and help them on their way. People like Orman need to stop putting others down for not having as much as she was blessed with, and she is not a matriarch or model for the rest of us. She is someone who has been fortunate and forgets that our life doesn’t need to be 45 years of steady work in the event of a tragic accident or dire straits.

 

The FIRE movement will still pay taxes, and will open up other jobs that may not otherwise be available. It’s all about options, and when people like Orman tell you that it’s stupid to desire the freedom of options, and that her words are “truths”, she forgets that there may be other paths, and other roads which can lead to the same place.

 

Are you pro FIRE or do you think Orman is right that it’s a slippery slide to the end? Do you think privileged folk forget the rest of us? I’d like to hear from you.

 

This post may contain affiliate links, meaning, at no additional cost to you, I may earn a small commission if you choose to purchase through these links. Please see my disclosure for more information. Amazon Affiliate Disclosure: I am a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by providing links to Amazon.ca and affiliated sites.

Passive Marketing Strategies for Direct Sales and MLM Network Marketing Sellers

Passive Marketing Strategies for Direct Sales and MLM Network Marketing Sellers

 

MLMs have a bad reputation, but they don’t need to. Passive marketing takes much of the bad rep out of the name, as it doesn’t involve hard selling. 

 

Passive Marketing Strategies for MLMDirect Sales_Network Marketing Sellers

 

If you haven’t been following my MLM and Direct Sales posts, start here: 

Passive MarketingDirect Sales: How and Why It Could Be Your Best Money Maker

Side Hustle Showdown: Etsy (with MLM/DS book information)

MLM & Network Marketing 

 

kindle

The Hustle

 

So I decided to start selling Avon again. I enjoy their products, and it’s been a couple of years since I sold, so I was running low on my favourite products. I signed up under a friend to restart my business, and picked up some books. 

 

 

Passive Marketing

 

This time around, I am doing things in a more passive manner. If you are looking to grow your business quickly to start making money, and excel at network marketing, I recommend my 30-day book: MLM and Network Marketing. If you want to do it passively, then you will not see money immediately, but you will see growth. 

 

 

Passive Marketing Strategies

 

On Saturday, a neighbour and I held a small yard sale. It was impromptu, and not a lot of signage went into it. I only had yard sale items from the last one I had a year ago, therefore I thought I’d put out the same items and see what happens. 

 

A lot of my items were overstock from Avon, so I knew those who would be interested in my products would likely (about 1 of every 2 people) be interested to know if I still sold Avon. I placed out 6 brochures and some business cards for the taking. 

 

Now, I have also learned there’s the impromptu yard or garage sale, and the there’s the planned one. Since this one was totally impromptu, I didn’t expect a lot of traffic. We sat out for about 3 hours, and sold a bit of stuff. While it wasn’t in the hundreds of dollars, it was still worth my time. After the traffic died down, I packed everything up and donated it to the local Good Will. 

 

Normally, I would have seen enough traffic to see those brochures all go home, but this time I had some left. Here’s what I did next. 

 

I have a bus stop with a shelter on my street, so I packaged the brochures in two bags to help keep them dry, and left two at the bus stop. This stop is a busier one, so I expect that they will find a new home rather quickly, and if I’m lucky, they will be left on the bus for new people as well. 

 

 

Conclusion: 

 

Passive Marketing #1: Wherever you are, leave a few books out for people to see. If they ask to take one home, you may get a deal out of it. 

 

Passive Marketing #2: If you have a public gathering point near your house, like a bus stop, it’s the perfect spot to leave reading material. People are waiting and need something to do other than looking at their phones all day. Sometimes you will luck out and the right person will pick up your brochure for an order. 

 

Alternatively, that could also lead to free advertising on the bus, at the person’s work, or many other places. It can also lead to the garbage or recycling, but that’s a chance you take with passive marketing. 

 

Lastly, you want to look at your demographics. The people that love Avon the most tend to be older people, and people that don’t travel to the stores often. Seniors are perfect examples. Seniors ride the bus because they may not drive anymore, but still need to get around. Taking a bus trip isn’t something they gear up to do often, so the idea of an ordering service would appeal to them. Plus, who doesn’t love the Avon Lady? 😉 

 

Want more about this side hustle? Comment below, and I will continue to post/answer your questions! 

 

Recommended Readings:

Side Hustle Showdown: Amazon Kindle Publishing

Passive Savings Vehicle for Canadians: Mylo

 

This post may contain affiliate links, meaning, at no additional cost to you, I may earn a small commission if you choose to purchase through these links. Please see my disclosure for more information. Amazon Affiliate Disclosure: I am a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by providing links to Amazon.ca and affiliated sites. 

How Much Would You Pay For Tomorrow?

How Much Would You
Pay For Tomorrow?

 

Can money buy time?

 

Can you pay for an extra Saturday or another Monday?

Many of you have probably read multiple articles on how time can be bought with money. Financial freedom or FIRE (Financially Independent Retire Early) followers believe that having enough money to not be dependent on working creates more time. There is no such thing as creating more time, it’s about being mindful on how we spend our time.

Everyone has the same amount of time in the day. We have 24 hours, or 1,440 minutes in a day. It’s how we choose our lifestyle, and our priorities, that allows us to have more time to spend on the things that are important to us, not to gain more time.

It’s how we choose our lifestyle, and our priorities, that allows us to have more time to spend on the things that are important to us, not to gain more time. Click To Tweet

Even as we trade time for money in traditional employment, we are still at the mercy of the clock and at our choices. If we want for less, then we need less money. This means more choices. If we are creative about our solutions on making money, then it takes less time. You’ve heard the old adage: Work Smarter, Not Harder. This is why I believe you cannot buy time with money. Time continues on, no matter how much money you have.

Years ago, people were raised with the expectation that they would start working early in their lives, and continue working until they are 65. It created citizens that are involved in the workplace, producing income and paying taxes, and being productive members of society. They would work 8 hours a day (more if you were a farmer, for example, but it would even out in the winter months), then go home for dinner and spend time with the family and friends. Today’s positions include the expectation of more than 8 hours a day, plus often weekends and evenings. We are so caught up in our lives and obsessed with money that we forget to spend time on ourselves and on those around us.

I am a firm believer that time will always be available if you make it a priority.

There are so many ways to help keep time in check.

Docket Your Time

 

By docketing your time, you will be more aware of the time you have, and how you spend it.

 

  • Use an app like Moment, which reports to you how much time you spend on different applications and time spent on your phone.

 

buy time
Click Here for a Time Docket Sheet

 

  • Create a docket for 15 or 30 minute intervals where you write down what you did during that time. You may find that you are much more cognizant of
    your time when you have to own up to it. Get a simple time docket here from my Etsy shop.

 

  • Freelancers and teams might use some of these apps as suggested by Zapier.com

 

 

Job Sharing

If you are able to reduce your work hours, a lot of employers are allowing job sharing. Essentially, you work one half of the week, and someone else works the other half. Sometimes you trade weeks on and off. Granted, you need to be financially sound in order to reduce your income by 50%, but you will also gain 50% more time in the interim.

Reduce Commuting Time

Maybe it’s time to move. If you love what you do, but it’s an hour or more away from home, you lose 2+ hours a day in travel time. That’s equal to 10+ hours a week, or 520+ hours a year… the equivalent of 21.6 days. That’s a lot of time you could save by living closer and having a shorter commute.

Reduce Expenses

Granted, this is the most obvious of suggestions. If you can reduce your cost of living, you can minimize how much you work. Maybe you could get by with a lower-paying job that allows you to take more vacation time. Maybe you don’t need to work 60 hours a week and can cut the overtime.

 

Being Creative

Think outside the box. Can you spend time with loved ones over your lunch, instead of working on the next task? Maybe you can rotate hosting potlucks once or twice a month and ensure you see your family more often. Perhaps you can work from home, and have time with those important four-legged friends instead of going into the office.

My blogger friend, Michael Dinich, shared an article questioning if a recession would happen if more people were to become financially independent. My opinion is yes!  We need people to work so that we have trades people, doctors, lawyers, etc. If everyone chose to retire early, we would have a large population of non-working individuals and a shortage of workers. Does that buy time? No!

We never know how much time we have on this earth, which means life is about more than money. It’s about spending what time we are given (you know, that 1,440 minutes a day) doing what we want to do, and what we need to do.

Am I saying that people should work their whole lives? No, that’s not the answer either. Our society runs on the citizens giving back time, and if you are fortunate to have enough money to not need to work, then we need you in other areas. Volunteer. Share your trades. Create opportunities for less fortunate. (Some will argue this is the point – having enough money to allow yourself to do these things.)

We have no idea how much time we have on earth. It could be 75 years or 99 years. It could be 15 years. We have no idea. My opinion is that we should continue being contributing members of our society, live smartly, and enjoy the time we have.

No amount of money will extend your time in a day.

So what time is it that we are buying?

Are we buying more days? No.

Are we buying more months? No.

We are rearranging our lives to make time with loved ones or time for travel or anything else more possible, not by buying time.

We are rearranging our lives to make time with loved ones or time for travel or anything else more possible, not by buying time. Click To Tweet

 

That does not have to cost money. That isn’t buying time. That’s called making memories.

This post may contain affiliate links, meaning, at no additional cost to you, I may earn a small commission if you choose to purchase through these links. Please see my disclosure for more information. Amazon Affiliate Disclosure: I am a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by providing links to Amazon.ca and affiliated sites.