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Mar 31

Network Marketing: Do you love company events or dread them?

Posted on Wednesday, March 31, 2010 in Network Marketing

I am an introvert, therefore the thought of being in a room with 5 to 10 thousand people at a network marketing event does not make my heart sing for joy. Then there is the cost. Airfare, hotel rooms, $15 breakfast etc. These events aren’t cheap.

To go out of town I have to leave my home and my animals in someone’s care. I don’t like doing this. I have to park at the airport which is a pain and no matter how careful I am to write down the space my car is in and try to get my bearings I still get lost in the parking lot when I try to find my vehicle. I find being lost in a sea of automobiles particularly aggravating when it is midnight or raining.

I have to find clothes to wear. Believe me, dressing “casually smart” does not come naturally for me. I am always jealous of my friends who seem to effortlessly show up in spiffy, perfectly matched outfits. I, on the other hand, am a fish out of water when I don’t have on my levis and you will never see me in capri pants. Forget cute sandals. After years of wearing boots, no one should have to see my feet.

So why do I go? Here’s why:

Leadership – You don’t go to convention to become a leader but leaders go to convention. When you first start out in network marketing, you go to convention to be around leaders and learn from them. How they act. How they think. What they do. Then at some point, in addition to learning from the leaders, you become one.

Energy – There is something amazing about being around positive, excited, energetic people. Most network marketers have all of these traits or they would not be in this business. Network marketing is not for the faint of heart. People get in network marketing because they have a dream and see the power of this industry to make dreams come true.

Vision – The founders of Xango are visionaries. They see years into the future and have a plan in place not only for the success of the company but for making a difference in the world. They see the company profits and the profits of the distributors going to bring more good to the world. Through the Xango goodness initiatives the company sets the standard for charitable giving and contribution.

Knowledge – Xango events are not pep rallies. Don’t get me wrong. We have fun and there is time spent on acknowledging the accomplishments of successful distributors but we also learn. We have medical experts who train on product knowledge, business leaders that teach network marketing skills and motivational speakers who lead us in personal growth. Some of this can be shared with teleconferences and webinars but it is just not the same as being there to hear it in person.

Socializing – Even though mingling with thousands of new friends is scary for me, I have met some incredible people in this industry and I get to see them only at convention. I often room with a cross line buddy of mine from Vermont. We pack in six months worth of visiting into a few hours when we are not at meetings. Meals between meetings are usually spent with other networkers comparing successes and sometimes frustrations. You get to see that you are not alone on your path.

So, despite any negatives, I go to convention. This is my business and this is what I do. I always come home empowered, smarter, personally fulfilled and more committed. Madalyn

Photo credit: / CC BY 2.0

Mar 29

Wealth Building 101: The first step in your Perfect Wealth Formula

Posted on Monday, March 29, 2010 in Financial Education, Money Smart Skills

The first step in your perfect wealth formula is to have a dream. Wealth = Achieving Your Dream! Without a dream to focus on, the chances are you will never do the other steps required in the perfect wealth formula. So let me ask you a few questions.

First, what does wealth mean to you? What is your dream, your definition of wealth? Wealth is something different to each person and it goes far beyond money.

For instance, I have achieved my dream to have my own farm, now I find myself dreaming of improvements. Yesterday I had an automatic gate opener installed at my property entrance.

This made me feel very wealthy. Why? Because I dreamed about it. I love my farm but I hated wrestling with the gate. The pleasure I get from watching that gate swing open and closed while I sit in the comfort of my vehicle keeps me focused on what I love in my life.

Focusing on what I love keeps me working my perfect wealth formula.

Second, do you focus on what wealth means to you or do you try to meet expectations of others? When you try to keep up with the Jones there can be no perfect wealth formula. Wealth has to spring from your heart alone. A perfect wealth formula starts with connecting to your greatest heart desire!

I was visiting with a friend of mine the other day and we were talking about her dreams. She never mentioned money. She spoke with deep passion of her desire to own, train and ride an Olympic level dressage horse. Yes, that will take money but her desire was not for the money but for the experience. Her desire will drive her to seek her perfect wealth formula.

So here is the way to successfully work step 1 in your perfect wealth formula.

Get clear on what you really want in life and be willing to do whatever it takes to get there.

Write your dream down and make a plan to achieve it.

Ask yourself constantly if what you are currently doing is getting you closer to your picture of wealth.

Never waste a moment in worry or regret.

Dwell on your dream!

Once your dream is strong in your heart you can move into the other money smart steps of the perfect wealth formula such as getting rid of bad debt, increasing your cash flow monthly and investing in assets. Madalyn

Does this hit a chord with you? Have you given up on your dream and feel all is hopeless? Please share your thoughts and comments so I can know if what I am saying is helpful.

For similar line of thinking check out Hope is not a strategy

Mar 27

Wealth Building 101: Hope is not a Strategy

Posted on Saturday, March 27, 2010 in Financial Education

My great friend, Linda Hoover, was the first to say to me “hope is not a strategy”. She was helping me with my wayward mule, Jake. Boy was she right. I would optimistically go out each day hoping Jake to behave better than the day before. He never did. I eventually had to find a new home for him with someone who had a better strategy than I.

You see, Jake needed  big job that would keep him working hard several hours a day, something I could not give him. His new owner had the time and energy to work Jake longer and harder each day. This strategy kept Jake focused on something other than his shenanigans and he became a good working partner.

Is there something in your life that you have been hoping for without any strategy in place? How is that working out?

Wealth building 101 is no different than any other aspect of life. Hoping you have enough cash flow monthly to pay the bills won’t make it happen. Chances are without a different plan you will run out of money this month just like last month. Implementing  a strategy to change your fortune would include a plan to get rid of bad debt, increase your cash flow monthly and start investing in some assets that bring in money.

Having a strategy to make your cash flow monthly exceed your expenses won’t happen without some soul searching and personal action but the rewards will be well worth the effort. Madalyn

Photo credit:

Mar 24

My Mind all a Twitter

Posted on Wednesday, March 24, 2010 in Uncategorized

Do you ever wonder if your DNA can change as you get exposed to new things? My virtual assistant, Stephanie, has always handled my social media chores but lately I have been learning how to do more things myself. Talk about getting out of my comfort zone!

I have now personally tweeted several times and, heaven forbid, I have a facebook page. Not only that, but I have posted and pinged my own blogs. I have gone to online photo sites such as flicker to find the perfect pictures. I have inserted pictures and attributed credit when needed. I have grabbed other people’s blogs and posted them on mine.

The amazing thing is I have had fun doing all these things. Something has shifted in my DNA and I am able to think in short snippets of information. I can tell if I like someone by looking at 2 sentences of a tweet. It is weird.

Part of learning anything new is asking for and accepting feedback. Please give me comments about what you like or don’t like and what you would like more of. Madalyn

Photo credit: / CC BY 2.0

Mar 23

Financial Education: Cash Flow 101 – More than a game

Posted on Tuesday, March 23, 2010 in Financial Education

I vividly remember the first time I played cash flow 101 and being demoralized for days. The game is based on moving around the board like monopoly but much more real life. You pick a profession and then you get assigned income and expenses that match who you are. The goal is to get your passive cash flow monthly higher than your expenses to escape the rat race. I, of course, drew the doctor card right off.

I lost the game! Not only did I lose but I was nowhere near being out of the rat race after playing for 3 hours. I did not sleep that night. I got up the next morning and set up the game and played by myself for another 3 hours. Still no success. I felt like an idiot but even more than that I was scared. If I could not get my cash flow monthly above my expenses with a stupid board game how was I going to manage my financial situation in real life?

There are no consequences to losing when you play a board game but life will punish you for lack of financial education. Are you ready to get out of the rat race or are you willing to accept stale cheese? Madalyn

Like what you are reading here? Please comment with your experiences.

For similar posts check out:
The dollar is not money

Money in your mailbox

Money Smart Strategies for the Recession Economy

Want a partner on your journey?

Mar 20

Financial Education: Has the recession economy crashed your retirement?

Posted on Saturday, March 20, 2010 in Financial Education

You may be young and fresh out of school and think retirement is a long way off but now, even in this recession economy, is exactly the time to make good choices based on money smart thinking.

I, on the other hand, fresh out of school, had no clue about how to save for retirement and did not even get started until I was in my late forties. Not only that, I started saving for retirement about 2 years before the dot com bust. What little I had was cut in half and just as I was getting back to level I started with the current recession economy hit.

Like so many others, I depended on advice from my stock broker and this did not serve me well. Becoming money smart helped me realize why my best laid plans had gone so wrong. Here is what I came to understand.

In 1974 the Employee Retirement Income Security Act (ERISA) was passed. This act made retirement accounts such as the 401K possible. This shifted the responsibility of saving for retirement from the person’s employer in the form of a pension plan to the worker himself. No longer was a defined benefit guaranteed but instead a workers retirement income was dependant on the rise and fall of the stock market.

While the stock market can be a good investment for a skilled investor it is akin to gambling for the person without money smart skills. Investing in mutual funds that grow steadily at the rate of 8% a year sounds good but the plan goes south if person needs to withdraw money during a down market. While long term growth in the stock market does occur but did you know that down markets have persisted in the past for up to 30 years?

The fact is, people who are money smart about how the market works will invest in stocks for cash flow rather than hoping the market will rise faster than inflation and be high when they need their money. Investing for companies that pay dividends, using options that pay whether a stock goes up or down or investing in start up companies are a few ways money smart investors make money. Money smart investors study trends and use them to their advantage rather than getting burned.

Are you investing money in a retirement account and if so, do you like many other hard working Americans, simply throw you statement away each month because you don’t want to acknowledge how much money you have lost? Instead, with money smart skills, you can be getting excited about the cash flow monthly you are making even in a down market.

Financial mistakes can be aggravating but they don’t have to be devastating. Having a source of cash flow monthly over and above your expenses allows recovery from dips brought on by a recession economy. I don’t claim to have this all figured out but I am willing to share the lessons I have learned with those who want to work with me. Madalyn

Mar 18

Skills for Marketing: Is network marketing selling?

Posted on Thursday, March 18, 2010 in Network Marketing

One of the critical skills for marketing is how to handle objections and by far the most common objection I hear from someone looking at network marketing is not wanting to sell.

I get this. Most of us do not like to be sold on something so why would we ever want to do that to someone else. So is network marketing selling? Not according to the Webster’s Ninth New College Dictionary.

By strict definition, as network marketers, we do not exchange goods for money directly with our customers, the company does that. We market the company products which according to the dictionary means we expose them for sale. Our job is to educate not persuade. The ability to teach is one of the skills of marketing that leads to success.

But let me offer a definition of selling I have not found in the dictionary but fits what we actually do. As a network marketer our role as a salesman is to help other people recognize what they want and then help them decide how to get it. So doing this kind of selling well is another one of the skills of marketing that must be mastered.

Even though I believe strongly in Xango and the profession of network marketing my approach is never pushy or hype. I follow a 3 step plan that is used by my very successful partners and that is supported by the Xango training programs.

Step 1 Invite. For people I know I ask them if they are open to any additional sources of income or if it is more a potential customer, if they are open to natural supplements to support health.
For people I have not met yet, I market over the internet to attract those looking to make a financial change in their lives. For these people the health benefits are a secondary result.

Step 2 Present. To be time efficient, instead of presenting myself I invite people to look at some professionally prepared information, which might be a website, blog, webinar, CD or brochure.

Step 3 Help someone get started. This step can be quick or it can take quite some time. Some people can tell right away if they are a match and others need time to make a decision. Building trusting relationships and follow up are critical in this step.

The purpose of these steps is to let the person get enough information to make an informed decision about network marketing and Xango in particular. With this simple approach to learning important skills for marketing I am able to offer something life changing without offending.

I celebrate the people who are interested and I focus on sharing as much of my experience with them and encourage them to choose a style that is the best fit for them within Xango’s extensive training programs. To me it is all about educating and empowering.

Persuade on the other hand means to cause someone to do something, especially by reasoning, urging or inducement, prevail upon, to induce someone to believe something, to convince. It can be tempting, when you believe strongly in something, to revert to persuasion when education does not get a person’s attention. Another of the important skills of marketing is to resist this and trust the accurate statement that “a person convinced against his will is of the same opinion still”.

In network marketing to educate is to empower someone to make an informed decision. Their decision!

The 6 live, professional, presentation webinars offered each week are the best way to check out what Xango is all about. In the comfort of your own home you can watch the webinar and take down notes about things that interest you.  When you are ready I invite you to work with me. Madalyn

Mar 15

Money Smart skill above all others: Trust in God

Posted on Monday, March 15, 2010 in Financial Education, Money Smart Skills

As important as our money smart skills are, especially in this recession economy, God never ceases to amaze me with his abounding Grace. Everywhere I look I see examples of all the blessings God has given me and how he always works behind the scenes for our good. For example, here is what my day has looked like:

I got up early to make some soup for my cousin, Libby. Libby is taking care or her 79 year old, husband, Sonny, who is bedridden with a brain cancer. Sonny helped me build 5000 feet of fence when I moved to my new property.

While visiting with Libby, our neighbor, David, called. David is a mason and a friend of his called to offer him some free flagstones. David knew I wanted to build a patio so he called me and we went to load up this beautiful free rock that was about to go into a landfill.

While loading the rock with David I noticed the tires on his truck were worn badly. David said he really needed new tires but they were not in his budget. As it turns out my friend, Debbie, had brought me 4 free tires the day before. I had loaned my flatbed to Debbie to pick up some round bales and she said if I knew anyone who needed the tires I could have them. They were a perfect fit for David’s truck.

This, my friends, is God’s Grace in action. His magnificent Grace does not usually come like a lightening strike but through our friends, family and neighbors acting under his guidance. In addition to bestowing His Grace upon us I believe God also guides us to take right action such as becoming money smart so we can be part of the solution to the recession economy not part of the problem. Madalyn

Looking to become money smart and increase your cash flow monthly by $500? I invite you to work with me.

Mar 12

Money smart: Profit trumps a paycheck

Posted on Friday, March 12, 2010 in Financial Education

I had a great visit with one of my new networking business partners this morning. She had some questions about what she was reading in the book, Rich Dad Poor Dad. She was stuck on the page with some diagrams showing the difference between assets and income as far as bringing in cash flow monthly.

I had to smile as I recalled my confusion over the same concepts. Reading Rich Dad Poor Dad was my first step in becoming money smart. As I read the chapters over and over, my excitement escalated as my brain began to process the revolutionary information. I understood income and expenses. Basically, my vet practice brought in cash flow monthly but most of it disappeared as expenses.

The concept of assets and liabilities was another matter. I had to wrap my brain around the idea that my income from my vet practice was not a good asset because I had to work so many hours for a cash flow monthly that would barely exceed my expenses. I started looking at everything I had to see what brought in more cash flow monthly than went out in expenses:

Property my clinic was on – Liability because I had a mortgage, regular upkeep and taxes but no cash flow monthly.

Raw land – Liability for same reasons as clinic property.

Practice vehicle – Liability, even though it was paid for, because of insurance and upkeep but no cash flow monthly.

Practice equipment such as expensive dental instruments – Liability because they needed to be maintained and only brought in cash flow monthly when I was actually working with them.


Network marketing business – Bingo, cash flow monthly (AKA – Profit) that was higher than monthly expenses. ASSET!

Bottom line, after almost 20 years of hard work in my practice, it was my 5 year old networking business that was my best asset.

From that day forward focused on developing my money smart skills and I looked at all my activities differently. I asked, does this activity get me closer to owning assets. Assets, properly managed with money smart skills, bring profits and time freedom. Madalyn

Mar 10

Money smart education: The dollar is not money

Posted on Wednesday, March 10, 2010 in Financial Education

When you think of, for instance, a hundred dollar bill you think of money. This would be wrong thinking. Money smart people know the dollar is currency but it is not money. This is so important to understand and most people, including our politicians, do not get it.

Money smart people realize a currency, such as the dollar, yen or euro, is a medium of exchange that you can use to purchase something that has value, what is called an asset. Currency is derived from the word current so this means a currency must keep flowing to stay alive.

A currency does not have actual value itself. Consider again the hundred dollar bill. Do you think the paper that bill is printed on is really worth a hundred dollars. Nope, it is worth nothing. It is not money. Money must have actual value and throughout history the only things that have ever been money are gold and silver.

The reason this is so important for money smart people to understand is that a government can manipulate a currency and this has been happening throughout history and is certainly happening now. Our dollars were once backed up by gold so you could take a hundred dollar bill in and expect to get an equal value in actual gold. This is no longer true and the dollar is now considered a fiat currency.

Fiat currency is one that derives its value through a simple decree or order by some  person, group or body with the authority to enforce it. All currencies in the world today are fiat currencies which means none of them have any actual value other than what the governments say they are worth.

I hope you are with me so far because understanding fiat currency helps you, as a money smart person, to grasp the concept of inflation. Inflation is a unseen tax that steals your wealth by lowering the “value” of the currency you hold in savings or checking accounts. Here is what happens.

The government spends more dollars than it has coming into the treasury so it prints more dollars to cover government spending and debt. When the government prints the dollar it has full face value but as soon as it is spent it goes into the general pool of currency in circulation and dilutes the value of each dollar, including your hard earned ones.

With more dollars now in circulation now chasing the same level of goods to be purchased the price of all things goes up to meet the additional demand. For instance, you want to buy a new truck. When few people have very many dollars but there are lots of trucks you get a good deal but when everyone has lots of dollars but there are the same number of trucks you are competing with others who also want a new truck. Now the truck seller can raise the price and sell his trucks to the highest bidder.

Right now our government is printing money like crazy so inflation is coming at some point as people start to feel they have enough dollars. If you, as a money smart person, understand how those dollars have lost value you will not fall for this false sense of security. You need to have your savings in something that has actual value. Those who want money  will need to own gold or silver.

Other non money valuables include food, energy or real estate. Except for the barter system, these items do not act as a currency but they do have value. Please don’t take my word for all this. Do your own money smart research. Read anything you can by Robert Kiyosaki and study what experts in the monetary system, such as Ron Paul, are saying. Pray for guidance. Knowledge is power but faith turns your knowledge into wisdom. Madalyn