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  • #61
    Passive income md is not involved in MLM? News to me seeing as his wife does it per his own blog posts.

    Comment


    • #62













      WCI, I’m not sure what you’re trying to get at. However, there isn’t much of a thought experiment needed – Amway has shown us that MLM can be used to “successfully” sell just about any product.

       

      I think it’s a bit beside the point, though. What I and others object to is the morality of MLM. Numerous studies have shown that 99% of people lose money in MLM schemes, while those that do make money are essentially doing so at the expense of those lower in their chain of distributors (not to mention the morality of hitting up your relatives, friends, neighbors, coworkers, etc. to support your “business”). Everything I’ve read on your blog so far has been pretty legit, so I’m not sure why you are putting yourself out there to support MLM?
      Click to expand…


      Now I’m a supporter of MLM? Are you kidding me?

      Look pal, I’m learning about this right along side you. I have no MLM business experience whatsoever as a buyer or seller.

      But here’s the deal as I understand the business structure. Let’s compare it to a more “standard” structure.

      Let’s say you have a product. You want to sell it. You think it’s an awesome product. So you have some options. First, you could hire employees to go out and sell it. Pay them a salary and benefits. There’s some risk there. You don’t know how much you’ll sell. Plus you don’t have much start-up money because you blew your life savings on developing the product. But at any rate, you hire the employees. Luckily, every one else thinks the product is great so you quickly start bringing in revenue and can pay the employees.

      Or, alternatively, you decide to share some of the risk with the sales staff. You say, I’ll teach you about this product, provide you this product, and teach you how to sell. I’ll mentor you along the way. Instead of you paying me for that expertise and work, I get a small percentage of your profit. If you’re not successful, I’m not successful. Our incentives are aligned. The more of this awesome product you can sell, the better we both do. But wait, you can even do the same thing I’m doing once you’re successful. You can teach someone else about it, provide the product, and teach them to sell. Then you get a percentage of what they make. Of course, you still have to pay me a small percentage of the profit passed on to you since I taught this to you, but if that third person sells like crazy, we all stand to win.

      This is not a pyramid scheme. If the product sucks and nobody buys it, there’s no money for anyone at the end of the day and the business does terribly.

      Now, I think the problems come from the set-up being abused. The new recruits are told this is easy. The new recruits are made to pay for the seminars where they are taught to sell. Or they have to buy a certain amount of product themselves. Or they have to pay for training materials and the training materials are actually the product because nobody ever actually buys the product. That’s just a bad business.

      But I don’t think I’m entirely convinced the underlying business structure is amoral or bad in some way. You give me a no-brainer product and eliminate abusive practices and I could go gangbusters with this set-up. You don’t HAVE to have meetings in people’s houses. You don’t HAVE to pressure your friends and family. You could start a website, put up billboards, or knock doors to sell it.

      At any rate, I’m looking forward to learning more from someone doing this successfully. Apparently there are a lot of doctors and doctors’ partners out there doing this and I’d like to learn more.
      Click to expand…


      As far as “learning about this right along side you,” I’m sorry, but I don’t buy it. There’s tons written about MLM out there, you don’t need to have first-hand experience to know it doesn’t work like the fairy-tale version you laid out. You seem to have a keen sense of bad products when it comes to whole life insurance, for example, so I still don’t get why you approach MLM (and hiring, or partnering, or whatever your arrangment may be with PIMD is tacitly supporting MLM as he writes about it) with such wide-eyed enthusiasm. You’re motto is preventing “doctors from doing stupid things with there money,” and MLM seems pretty clearly to be a stupid thing to do with your money.
      Click to expand…


      You know the business I bought part of, Passive Income MD, LLC ,isn’t involved in MLM, right?

      You know the other owners of the business aren’t involved in MLM, right?

      One of the other owners is related to someone who is involved in a MLM company whose name I don’t even know. That relative also happens to be a doctor. And apparently does pretty well with it. I thought that was kind of interesting and was looking forward to learning more about it.

      That’s literally all I know about it. You can bet I regret putting those three letters in that announcement post now though. Because now a half dozen people are hyper-focused on those three letters rather than all the more important stuff. Totally missing the forest not just for the trees, but for some dandelion growing at the base of one of the trees.

       

      My only other experience with MLM is I have two relatives who do it as a very minor side hustle. One with Mary Kay and one with some essential oil company. It doesn’t produce any significant income for either of them currently, but I know the Mary Kay was providing significant support to her family doing it for a while. She just cut back when her husband’s income went up and she eventually got a better job. Neither of them feel scammed. Neither has ever tried to sell me anything. My wife has bought products she likes from both of them.

      And I don’t really care if you buy any of that or not.

      At any rate, it sounds like you’ve done lots of research on MLM. How about a guest post on it? Guidelines are here:

      https://www.whitecoatinvestor.com/contact/guest-post-policy/
      Click to expand...


      You think whole life insurance is bad, do some research on the MLMs!  I would also caution you on a guest post.  It may very well, over time, eclipse your whole life comments.  Some people have lost more on MLMs than awful WL.

      I guess you can chalk this up to a lesson to maybe due a bit more diligence on what your partners are fully involved in and what acronyms you decide to share.  Most doctors can probably fairly easily overcome a bad MLM choice.  But, mere mortals, not so much.

      I have a semi-horror story of my own.  Suffice it to say, you a hit nerve with this one.  I and others, don't believe MLMs are a good way for doctors to get a fair shake with their finances.
      Yet those who wait for the LORD Will gain new strength; They will mount up with wings like eagles, They will run and not get tired, They will walk and not become weary. -- Isaiah 40:31

      Comment


      • #63




        Passive income md is not involved in MLM? News to me seeing as his wife does it per his own blog posts.
        Click to expand...


        I think he meant that the blog itself isn't directly involved in MLM

        That being said, their MLM business (likely Rodan + Fields) comprises 40+% of their passive income stream so I do agree with those who are casting a cautious eye on this new addition to the WCI network

        Comment


        • #64
          Yeah I gotta agree, my initial impressions of the MLM huckster blogger seem to cheapen the WCI brand.  Harms more than helps.

          Comment


          • #65













            WCI, I’m not sure what you’re trying to get at. However, there isn’t much of a thought experiment needed – Amway has shown us that MLM can be used to “successfully” sell just about any product.

             

            I think it’s a bit beside the point, though. What I and others object to is the morality of MLM. Numerous studies have shown that 99% of people lose money in MLM schemes, while those that do make money are essentially doing so at the expense of those lower in their chain of distributors (not to mention the morality of hitting up your relatives, friends, neighbors, coworkers, etc. to support your “business”). Everything I’ve read on your blog so far has been pretty legit, so I’m not sure why you are putting yourself out there to support MLM?
            Click to expand…


            Now I’m a supporter of MLM? Are you kidding me?

            Look pal, I’m learning about this right along side you. I have no MLM business experience whatsoever as a buyer or seller.

            But here’s the deal as I understand the business structure. Let’s compare it to a more “standard” structure.

            Let’s say you have a product. You want to sell it. You think it’s an awesome product. So you have some options. First, you could hire employees to go out and sell it. Pay them a salary and benefits. There’s some risk there. You don’t know how much you’ll sell. Plus you don’t have much start-up money because you blew your life savings on developing the product. But at any rate, you hire the employees. Luckily, every one else thinks the product is great so you quickly start bringing in revenue and can pay the employees.

            Or, alternatively, you decide to share some of the risk with the sales staff. You say, I’ll teach you about this product, provide you this product, and teach you how to sell. I’ll mentor you along the way. Instead of you paying me for that expertise and work, I get a small percentage of your profit. If you’re not successful, I’m not successful. Our incentives are aligned. The more of this awesome product you can sell, the better we both do. But wait, you can even do the same thing I’m doing once you’re successful. You can teach someone else about it, provide the product, and teach them to sell. Then you get a percentage of what they make. Of course, you still have to pay me a small percentage of the profit passed on to you since I taught this to you, but if that third person sells like crazy, we all stand to win.

            This is not a pyramid scheme. If the product sucks and nobody buys it, there’s no money for anyone at the end of the day and the business does terribly.

            Now, I think the problems come from the set-up being abused. The new recruits are told this is easy. The new recruits are made to pay for the seminars where they are taught to sell. Or they have to buy a certain amount of product themselves. Or they have to pay for training materials and the training materials are actually the product because nobody ever actually buys the product. That’s just a bad business.

            But I don’t think I’m entirely convinced the underlying business structure is amoral or bad in some way. You give me a no-brainer product and eliminate abusive practices and I could go gangbusters with this set-up. You don’t HAVE to have meetings in people’s houses. You don’t HAVE to pressure your friends and family. You could start a website, put up billboards, or knock doors to sell it.

            At any rate, I’m looking forward to learning more from someone doing this successfully. Apparently there are a lot of doctors and doctors’ partners out there doing this and I’d like to learn more.
            Click to expand…


            As far as “learning about this right along side you,” I’m sorry, but I don’t buy it. There’s tons written about MLM out there, you don’t need to have first-hand experience to know it doesn’t work like the fairy-tale version you laid out. You seem to have a keen sense of bad products when it comes to whole life insurance, for example, so I still don’t get why you approach MLM (and hiring, or partnering, or whatever your arrangment may be with PIMD is tacitly supporting MLM as he writes about it) with such wide-eyed enthusiasm. You’re motto is preventing “doctors from doing stupid things with there money,” and MLM seems pretty clearly to be a stupid thing to do with your money.
            Click to expand…


            You know the business I bought part of, Passive Income MD, LLC ,isn’t involved in MLM, right?

            You know the other owners of the business aren’t involved in MLM, right?

            One of the other owners is related to someone who is involved in a MLM company whose name I don’t even know. That relative also happens to be a doctor. And apparently does pretty well with it. I thought that was kind of interesting and was looking forward to learning more about it.

            That’s literally all I know about it. You can bet I regret putting those three letters in that announcement post now though. Because now a half dozen people are hyper-focused on those three letters rather than all the more important stuff. Totally missing the forest not just for the trees, but for some dandelion growing at the base of one of the trees.

             

            My only other experience with MLM is I have two relatives who do it as a very minor side hustle. One with Mary Kay and one with some essential oil company. It doesn’t produce any significant income for either of them currently, but I know the Mary Kay was providing significant support to her family doing it for a while. She just cut back when her husband’s income went up and she eventually got a better job. Neither of them feel scammed. Neither has ever tried to sell me anything. My wife has bought products she likes from both of them.

            And I don’t really care if you buy any of that or not.

            At any rate, it sounds like you’ve done lots of research on MLM. How about a guest post on it? Guidelines are here:

            https://www.whitecoatinvestor.com/contact/guest-post-policy/
            Click to expand...


            "Passive Income MD, LLC ,isn’t involved in MLM"

            What? He has used his blog to detail his involvement with MLM:

            http://passiveincomemd.com/making-passive-income-as-doctor-mom/

            http://passiveincomemd.com/really-want-know-multi-level-marketing/

            Sure, it is wife writing the posts, but she makes it very clear it is something they both are involved in. He even posted that it accounts for 43% of his passive income stream:

            http://passiveincomemd.com/pimd-income-report-july-2017/

            So, I'm not sure how you conclude he's not involved.

             

            As far as writing a guest post: frankly, I haven't done a ton of research. There's not much need to; info on MLM is fairly easy to find. So, I'm not sure writing a guest post would fulfil your requirement of "The information you submit should not be readily available elsewhere with a ten-second google search." If, however, you think a summary of MLM would still be a good blog post, I would consider writing one.

            As far as chrisCD’s caution on publishing a post on MLM, that’s something you would have to consider. I don’t have a blog, and would publish under a pseudonym, so I don’t care if I get flaming comments in support of or against MLM.

            Comment


            • #66
              Posted this mistakenly in reply to another topic -

              I actually made a decent income from Herbalife back in my military days.  Used to post those little tear-off flyers in the gyms at all the camps.  Marines on deployment don't do much aside from drink and work out; so the market was there.

              I stopped mainly because the Internet explosion took all the fun out of it, and I noticed the only real way to get to the "successful" levels was to concentrate on signing up rather than selling product.

              I received residual checks for a few years after stopping.  It was an interesting experience, but I still wouldn't recommend it to anyone.  I recommend against it these days, but only because many people are suckered into thinking that it's all about the product, when many times, it isn't.

              As for it hurting WCI's brand?  I don't know.  I think they could be two, complimentary views.  WCI is mostly about investing and personal finance, whereas PIMD seems more about the side hustles.  I'm a fan of these cross-marketing plays because I've used them myself.  As long as you're not cannibalizing each other or posting the same content, I think there's value to be had all around.  It helps spread the word for both parties.
              I should have been a pair of ragged claws. Scuttling across the floors of silent seas.

              Comment


              • #67




                Passive income md is not involved in MLM? News to me seeing as his wife does it per his own blog posts.
                Click to expand...


                You talking about the person or the business? I was referring to the business. The PIMD business isn't MLM. His wife owns an MLM business.

                Criticizing me based on that is like criticizing me because a forum poster sells whole life insurance. "How can you let him post here!? He's a whole life agent!"

                If you don't like MLM, criticize MLM. But don't criticize me because I have a joint venture with someone whose wife has an MLM business. Sheesh!

                But here's the thing, right? Apparently this MLM business provides 43% of their passive income (I'm just quoting you, I haven't verified that) which is enough that they're free of their need to practice medicine. That sounds like someone that is actually pretty successful with an MLM. Knowing that most people in an MLM and most MLMs don't make much money, I'm kind of curious to learn more about someone/something that a physician finds more attractive than practicing medicine full-time and who earns a significant income from it. Apparently I'm the only one though. Nobody else even wants to hear about it. Heck, they don't even want a guest post done on it. In fact, they think there should be an MLM registry and an ankle monitor or something.
                Helping those who wear the white coat get a fair shake on Wall Street since 2011

                Comment


                • #68
















                  WCI, I’m not sure what you’re trying to get at. However, there isn’t much of a thought experiment needed – Amway has shown us that MLM can be used to “successfully” sell just about any product.

                   

                  I think it’s a bit beside the point, though. What I and others object to is the morality of MLM. Numerous studies have shown that 99% of people lose money in MLM schemes, while those that do make money are essentially doing so at the expense of those lower in their chain of distributors (not to mention the morality of hitting up your relatives, friends, neighbors, coworkers, etc. to support your “business”). Everything I’ve read on your blog so far has been pretty legit, so I’m not sure why you are putting yourself out there to support MLM?
                  Click to expand…


                  Now I’m a supporter of MLM? Are you kidding me?

                  Look pal, I’m learning about this right along side you. I have no MLM business experience whatsoever as a buyer or seller.

                  But here’s the deal as I understand the business structure. Let’s compare it to a more “standard” structure.

                  Let’s say you have a product. You want to sell it. You think it’s an awesome product. So you have some options. First, you could hire employees to go out and sell it. Pay them a salary and benefits. There’s some risk there. You don’t know how much you’ll sell. Plus you don’t have much start-up money because you blew your life savings on developing the product. But at any rate, you hire the employees. Luckily, every one else thinks the product is great so you quickly start bringing in revenue and can pay the employees.

                  Or, alternatively, you decide to share some of the risk with the sales staff. You say, I’ll teach you about this product, provide you this product, and teach you how to sell. I’ll mentor you along the way. Instead of you paying me for that expertise and work, I get a small percentage of your profit. If you’re not successful, I’m not successful. Our incentives are aligned. The more of this awesome product you can sell, the better we both do. But wait, you can even do the same thing I’m doing once you’re successful. You can teach someone else about it, provide the product, and teach them to sell. Then you get a percentage of what they make. Of course, you still have to pay me a small percentage of the profit passed on to you since I taught this to you, but if that third person sells like crazy, we all stand to win.

                  This is not a pyramid scheme. If the product sucks and nobody buys it, there’s no money for anyone at the end of the day and the business does terribly.

                  Now, I think the problems come from the set-up being abused. The new recruits are told this is easy. The new recruits are made to pay for the seminars where they are taught to sell. Or they have to buy a certain amount of product themselves. Or they have to pay for training materials and the training materials are actually the product because nobody ever actually buys the product. That’s just a bad business.

                  But I don’t think I’m entirely convinced the underlying business structure is amoral or bad in some way. You give me a no-brainer product and eliminate abusive practices and I could go gangbusters with this set-up. You don’t HAVE to have meetings in people’s houses. You don’t HAVE to pressure your friends and family. You could start a website, put up billboards, or knock doors to sell it.

                  At any rate, I’m looking forward to learning more from someone doing this successfully. Apparently there are a lot of doctors and doctors’ partners out there doing this and I’d like to learn more.
                  Click to expand…


                  As far as “learning about this right along side you,” I’m sorry, but I don’t buy it. There’s tons written about MLM out there, you don’t need to have first-hand experience to know it doesn’t work like the fairy-tale version you laid out. You seem to have a keen sense of bad products when it comes to whole life insurance, for example, so I still don’t get why you approach MLM (and hiring, or partnering, or whatever your arrangment may be with PIMD is tacitly supporting MLM as he writes about it) with such wide-eyed enthusiasm. You’re motto is preventing “doctors from doing stupid things with there money,” and MLM seems pretty clearly to be a stupid thing to do with your money.
                  Click to expand…


                  You know the business I bought part of, Passive Income MD, LLC ,isn’t involved in MLM, right?

                  You know the other owners of the business aren’t involved in MLM, right?

                  One of the other owners is related to someone who is involved in a MLM company whose name I don’t even know. That relative also happens to be a doctor. And apparently does pretty well with it. I thought that was kind of interesting and was looking forward to learning more about it.

                  That’s literally all I know about it. You can bet I regret putting those three letters in that announcement post now though. Because now a half dozen people are hyper-focused on those three letters rather than all the more important stuff. Totally missing the forest not just for the trees, but for some dandelion growing at the base of one of the trees.

                   

                  My only other experience with MLM is I have two relatives who do it as a very minor side hustle. One with Mary Kay and one with some essential oil company. It doesn’t produce any significant income for either of them currently, but I know the Mary Kay was providing significant support to her family doing it for a while. She just cut back when her husband’s income went up and she eventually got a better job. Neither of them feel scammed. Neither has ever tried to sell me anything. My wife has bought products she likes from both of them.

                  And I don’t really care if you buy any of that or not.

                  At any rate, it sounds like you’ve done lots of research on MLM. How about a guest post on it? Guidelines are here:

                  https://www.whitecoatinvestor.com/contact/guest-post-policy/
                  Click to expand…


                  “Passive Income MD, LLC ,isn’t involved in MLM”

                  What? He has used his blog to detail his involvement with MLM:

                  http://passiveincomemd.com/making-passive-income-as-doctor-mom/

                  http://passiveincomemd.com/really-want-know-multi-level-marketing/

                  Sure, it is wife writing the posts, but she makes it very clear it is something they both are involved in. He even posted that it accounts for 43% of his passive income stream:

                  http://passiveincomemd.com/pimd-income-report-july-2017/

                  So, I’m not sure how you conclude he’s not involved.

                   

                  As far as writing a guest post: frankly, I haven’t done a ton of research. There’s not much need to; info on MLM is fairly easy to find. So, I’m not sure writing a guest post would fulfil your requirement of “The information you submit should not be readily available elsewhere with a ten-second google search.” If, however, you think a summary of MLM would still be a good blog post, I would consider writing one.

                  As far as chrisCD’s caution on publishing a post on MLM, that’s something you would have to consider. I don’t have a blog, and would publish under a pseudonym, so I don’t care if I get flaming comments in support of or against MLM.
                  Click to expand...


                  I've never had anything on this site about MLM, so I think a guest post on it would be great. It would be even better as a Pro/Con though. Don't know if I can talk PIMD's wife into the doing the Pro part, but that would be a GREAT post.
                  Helping those who wear the white coat get a fair shake on Wall Street since 2011

                  Comment


                  • #69



                    It would be even better as a Pro/Con though.

                    Click to expand...


                    I like that, and maybe as a general MLM rather than specific products?   Heck, even a good forum post from someone like Donnie would be interesting to read. I have zero desire to ever get involved with MLM ever again, but it's always nice to read about someone who's had success with it.
                    I should have been a pair of ragged claws. Scuttling across the floors of silent seas.

                    Comment


                    • #70







                      Passive income md is not involved in MLM? News to me seeing as his wife does it per his own blog posts.
                      Click to expand…


                      You talking about the person or the business? I was referring to the business. The PIMD business isn’t MLM. His wife owns an MLM business.

                      Criticizing me based on that is like criticizing me because a forum poster sells whole life insurance. “How can you let him post here!? He’s a whole life agent!”

                      If you don’t like MLM, criticize MLM. But don’t criticize me because I have a joint venture with someone whose wife has an MLM business. Sheesh!

                      But here’s the thing, right? Apparently this MLM business provides 43% of their passive income (I’m just quoting you, I haven’t verified that) which is enough that they’re free of their need to practice medicine. That sounds like someone that is actually pretty successful with an MLM. Knowing that most people in an MLM and most MLMs don’t make much money, I’m kind of curious to learn more about someone/something that a physician finds more attractive than practicing medicine full-time and who earns a significant income from it. Apparently I’m the only one though. Nobody else even wants to hear about it. Heck, they don’t even want a guest post done on it. In fact, they think there should be an MLM registry and an ankle monitor or something.
                      Click to expand...


                      Not at all, my disappointment comes from the fact that the PIMD blog is so vague about what their MLM business entails

                      Is there a way to do this without being a sleazy salesperson?

                      If it makes up such a large portion of their passive income stream, why aren't there more posts about this touting MLM or R&F as the best thing since sliced bread?

                      Is there shame or uneasiness over being a physician so heavily linked with MLM? If not, why not share more details?

                      These are questions I would love to hear answers to either in the blog or as a guest post.

                      I think the vagueness of PIMD's blog in association with something as controversial as MLM is what concerns me and as others have pointed out, "cheapens" the otherwise high quality blogging / forums / websites we've come to expect from the WCI network.

                      Comment


                      • #71
                        Serious?

                        You are better than this WCI

                        I am criticizing PIMD on not proving much info regarding MLM and then saying that's the major passiv eincome. I mean how does that make sense ???? I don't buy for a second your argument that content takes time or his argument that he was too busy posting about family life etc.

                        I can care less about MLM but I have issue with premise of not saying much about it and having that as the flag bearer for passive income.

                        In fact I am now closely considering starting a blog where I will actually post how I do RE investment instead of saying "guys invest in RE" for example. I can assure you it'll have excel sheets and hard data Or some numbers

                        Comment


                        • #72




                          Serious?

                          You are better than this WCI

                          I am criticizing PIMD on not proving much info regarding MLM and then saying that’s the major passiv eincome. I mean how does that make sense ???? I don’t buy for a second your argument that content takes time or his argument that he was too busy posting about family life etc.

                          I can care less about MLM but I have issue with premise of not saying much about it and having that as the flag bearer for passive income.

                          In fact I am now closely considering starting a blog where I will actually post how I do RE investment instead of saying “guys invest in RE” for example. I can assure you it’ll have excel sheets and hard data Or some numbers
                          Click to expand...


                          Sounds like a great guest post, at the very least.

                          It also seems like it is time to stop badgering the WCI. I think he knows how the forum members feel about MLM, and there’s probably a mountain to climb somewhere that would be much more interesting than having the same argument over and over again. (If I were the moderator, I would be closing the thread about now ).

                          Comment


                          • #73




                            Serious?

                            You are better than this WCI

                            I am criticizing PIMD on not proving much info regarding MLM and then saying that’s the major passiv eincome. I mean how does that make sense ???? I don’t buy for a second your argument that content takes time or his argument that he was too busy posting about family life etc.

                            I can care less about MLM but I have issue with premise of not saying much about it and having that as the flag bearer for passive income.

                            In fact I am now closely considering starting a blog where I will actually post how I do RE investment instead of saying “guys invest in RE” for example. I can assure you it’ll have excel sheets and hard data Or some numbers
                            Click to expand...


                            Better than what? Would you like me to write about his wife's business? Would you like me to tell him he needs to provide more details to keep WCI forum posters happy? To not buy part of his blog because his wife has an MLM business? You say you're criticizing PIMD but in reality you're criticizing me. Let me quote:
                            "You're better than this WCI"

                            How is that criticism of anyone but me? Seriously, I'm having a hard time understanding how that is anything but a criticism of me. If you don't like PIMD's blog, send him an email and tell him you won't read it unless he puts in more detail.

                            Looking forward to seeing your real estate blog. Be sure to share the URL with us. I suspect having your own financial life out on the internet will make you a little more understanding of other bloggers.
                            Helping those who wear the white coat get a fair shake on Wall Street since 2011

                            Comment


                            • #74










                              Passive income md is not involved in MLM? News to me seeing as his wife does it per his own blog posts.
                              Click to expand…


                              You talking about the person or the business? I was referring to the business. The PIMD business isn’t MLM. His wife owns an MLM business.

                              Criticizing me based on that is like criticizing me because a forum poster sells whole life insurance. “How can you let him post here!? He’s a whole life agent!”

                              If you don’t like MLM, criticize MLM. But don’t criticize me because I have a joint venture with someone whose wife has an MLM business. Sheesh!

                              But here’s the thing, right? Apparently this MLM business provides 43% of their passive income (I’m just quoting you, I haven’t verified that) which is enough that they’re free of their need to practice medicine. That sounds like someone that is actually pretty successful with an MLM. Knowing that most people in an MLM and most MLMs don’t make much money, I’m kind of curious to learn more about someone/something that a physician finds more attractive than practicing medicine full-time and who earns a significant income from it. Apparently I’m the only one though. Nobody else even wants to hear about it. Heck, they don’t even want a guest post done on it. In fact, they think there should be an MLM registry and an ankle monitor or something.
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                              Not at all, my disappointment comes from the fact that the PIMD blog is so vague about what their MLM business entails

                              Is there a way to do this without being a sleazy salesperson?

                              If it makes up such a large portion of their passive income stream, why aren’t there more posts about this touting MLM or R&F as the best thing since sliced bread?

                              Is there shame or uneasiness over being a physician so heavily linked with MLM? If not, why not share more details?

                              These are questions I would love to hear answers to either in the blog or as a guest post.

                              I think the vagueness of PIMD’s blog in association with something as controversial as MLM is what concerns me and as others have pointed out, “cheapens” the otherwise high quality blogging / forums / websites we’ve come to expect from the WCI network.
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                              I'd suggest sending him an email asking for more posts about it. That certainly affects what content I decide to run. If he knew there was interest, I'm sure he'd write more.
                              Helping those who wear the white coat get a fair shake on Wall Street since 2011

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                              • #75


                                (If I were the moderator, I would be closing the thread about now ).
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                                I think that's a good idea, but don't believe that is a power that we have; at least, can't find the option. WCI?
                                Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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