• 57: Are MLM’s a Money Maker or Just a Scam?

  • May 1 2022
  • Length: 15 mins
  • Podcast

57: Are MLM’s a Money Maker or Just a Scam?

  • Summary

  • 🎙 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:

    • Join me on Patreon for extended & ad-free episodes + loads of bonus content: patreon.com/girlonfirepodcast
    • Athletic Greens - take ownership of your health and pick up the ultimate daily nutritional insurance at athleticgreens.com/EMERGING
    • Thank you to BetterHelp for sponsoring this episode. Take charge of your mental health and get 10% off your first month of therapy at betterhelp.com/girlonfire

    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

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