Sunday, October 27, 2019

Money Aggregation (Ways to Pool Money) and What We Do

Aggregate, accumulate, save, invest, build a nest egg... call it what you will, the "ways" to establish a pool of money are diverse.  So, let's talk about what we do and how it fits into this context of building your bank account.

You are no doubt aware of the phrase that "it takes money to make money".  Here is the reality:  it does.  You need savings in a bank for it to gain interest.  You need a broker or brokerage account to put money into and hope stocks appreciate.  You need the funds to buy a fixer-upper to upgrade and then flip for a profit.  If you can think of a scenario where it does not take money to make money, I am curious to hear about it.

Like all of these, our business requires an initial outlay of money.  This is based primarily on two factors.  Means (does someone have the money) and risk tolerance (how do they view potentially losing this amount of money?). 

What we do is not traditional.  We aggregate people and their money into pools under the structure of an interdependent community.  The money vehicles we use are secondary.  They could be anything.  The important thing to understand is that we are building a community where people share common values, sense of commitment, shared competencies, work ethic based on an understanding of what work is involved and many other things that are "common" to anyone participating in our community.

The investment levels in our model begin with being extremely modest (small ticket prices) in the under $100 range, to mid-tier in the $5K range.  It is important to understand that our model promotes progressive earnings into higher levels, based on one's means and risk tolerance.

We are a Learning and Teaching Community.  We build people's knowledge and value as marketers and mentors.  In this process, we utilize money platforms and teach people how to use these platforms in the context of building a Community of Competence - where everyone understands our mission and "buys in" emotionally, intellectually and financially.

It is like building any business.  More people, more money.  You get more people by being a better and better leader and mentor.  Simply being a "recruiting machine" will not serve you long-term.

If you do not have it in your gut to care about people and their futures, this business (the way we do it) is not for you.  People you "recruit" are your responsibility to nurture and help become successful.

This is the pledge you need to make to yourself and to those you work with.  Otherwise, you are just playing a money game that will die a slow death and be filled with frustration and littered with bitter people who know you were more interested in their wallet and not their soul.

Yes, we aggregate money.  We do it honorably, with competence and need you to understand this standard and rise to this level of expectation.