🎙 We’re talking about whether MLMs are a money maker that can boost your income or just a scam that’ll leave you broke and desperate. How do MLMs work and why are they so dangerous? 🤔
This episode discusses topics like:
🌟 What is an MLM, how do they work and why are they so popular?
🌟 What’s the difference between a legit MLM and a pyramid scheme; and
🌟 Patron Exclusive Bonus Content: how can you spot a dangerous MLM and why even a legit MLM may not be the right option for you.
Sponsored by:
Links from this episode:
Ad Free and Extended Episodes with Bonus Content: patreon.com/girlonfirepodcast
Understanding Multi-Level Marketing: forbes.com/advisor/investing/multi-level-marketing-mlm/
4 Reasons not to turn to an MLM for an income boost: abc.net.au/everyday/mlms-are-not-the-answer-if-you-need-money/100006992
What is an MLM?: thebalance.com/what-to-know-about-mlm-companies-5100905
Multilevel Marketing (MLM): investopedia.com/terms/m/multi-level-marketing.asp
How MLMs and Cults Use the Same Mind Control Techniques: huffpost.com/entry/multilevel-marketing-companies-mlms-cults-similarities_l_5d49f8c2e4b09e72973df3d3
Credits:
Producer: Gonzalo Araya
Editor: Gonzalo Araya
Remember to:
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: papermoneyco.com/podcastreview
Podcast reviews are crazy important to the Apple Podcasts algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow our community!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should no