Guide to Finance

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Debt Pay Off Plan

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Maybe you've looked at your calendar and realized that October is fast approaching. You have set some goals earlier this year in the area of your finances but have not achieved them. Now is the time to make a committed effort to begin paying those bills off and plan ahead. Why? As holiday season approaches, people tend to create more debt than any other time during the year.



The idea is not to achieve more debt as the end of the year approaches, but to end the year on a financially positive step. You can still concentrate on one bill now and make a dedicated effort. Perhaps it will only take you one or two months to pay it off. Regardless, pay it off. Then the money you placed towards that bill use to purchase your holiday items.

I can assure you with the latest round of hurricanes that happened consumables are bound to go up. When I was recently in my home state of Louisiana, retailers were having trouble keeping food on the shelves. It will not be long before this happens in other states.

Do not charge your holiday shopping because when January comes and you receive those bills, you could end up disgusted. More than likely you will not pay the bill right off. Eventually whatever you charged ends up costing you more than the original price. Does it make sense to pay two times the amount for a product?

For example, last year my husband and I found some gift baskets that we really liked in a magazine. We were going to order them and looked at what the shipping costs would be. We decided to shop around at some of our local stores and found those baskets. We sat down and made up a list of clients and relatives that should receive them. Then we began purchasing them in small increments. We were done with our clients and family by December 1.

Do not add more bills to your financial situation, begin a new start and take steps to remove financial stress. To plan for the holidays you should:

1) Make a plan now even if it is the beginning October, (its not too late) about what you are going to purchase

2) Shop around to see who has the better bargain

3) Do not overspend

4) Do not wait to the last minute to shop. I know this will be challenging for those individuals that like those last minute discounts. However, is it really worth fighting all those crowds on December 24th, when you could be done by December 1st.

Once you have gotten your holiday spending done and looking forward to the next year, put some financial goals in place and stick to them. It is less stressful knowing that you can shop early and get what you want, instead of having to take what is left. Remember back in October when you paid off that first bill, now you want to begin working on the next bill. Then every three or four months, you could potentially be working on a new bill. When October comes the next year, you could have paid off two or three bills depending on the time frame you set for yourself and the holidays will be more enjoyable.
Debt Pay Off Plan
There are lots of Multilevel or Network Marketing Plans. Over the years I had often heard of MLM programs with a Binary Pay Plan but at those times I had mistaken impressions of the Binary Pay Plan which unfortunately stopped me from joining those MLM programs. Talk of not profiting from the longer leg of a Binary Plan had unfortunately closed my eyes and ears to The Beauty of the Binary Pay Plan.

MLM program pay plans are a bit like girlfriends or boyfriends. You believe that the one you have is the best.



Whatever your preconceptions are of a Binary Pay Plan are, you will want a Binary Pay Plan MLM program after reading this article.

I'm going to show you how to take extreme advantage of a Binary Pay Plan so get ready for extreme enlightenment. Like all my articles this will also contain hands on nitty gritty things to do that actually work and will change and excite you for the better.

In most MLM programs your upline members are very helpful but usually don't go as far as to place members under you to improve your profit line. They may step in initially to get you on your feet and off to a good start for both you and them, but that's basically where it stops.

It is often said in MLM that "You make money on your downline and not on your upline so look after your downline". In most MLM pay plans this is true, but not in a Binary Pay Plan because your upline has no choice but to at the least place half of his new members under you if not all of them!

In a Matrix plan you can also get members from your upline, which is often called "Spill Over". In a Matrix your upline member may have five people on his first level which means that you may only get one fifth (1/5) of any spill if you happen to be on his first level, less if you are on his second and so-forth.

A Binary Pay Plan has only two legs, thus the Bi in Binary, meaning two. Every new member is placed one under the other. In a Binary Pay Plan you will find yourself in one of your uplines two legs. Depending on the person. the two legs are often called the "Right and left leg" or "Longer and shorter leg" or "Stronger and weaker leg".

The "Longer" or "Stronger" leg will be the leg you joined into and It will always be longer and stronger because of all the people above you who are constantly putting new members under you. You are getting free paying members put under you! This is unheard of or vary rarely seen in most other MLM pay plans.

The shorter or weaker leg is the new leg you start. You build this leg to cash in on the free longer stronger leg you originally joined. Apart from any required placements, rarely would you have to place members into your stronger leg, so everyone you recruit is placed into your new leg, your shorter leg. Your job is to build just one leg placing every new member One Under The Other benefiting all members in that leg.

Depending on which MLM Binary Program you join will dictate how many members you need to place in each of the two legs to receive group commission payments.



For example; the MLM program I am in says that I must sponsor one member into my left leg and one member into my right leg to qualify for group commissions. So my mission is to personally sponsor two (2) members, one into my original leg and one into my new leg. Royalty or group commissions are paid on "groups of members".

Here is my group commission example: For every three members in my short leg I get paid on six members in my long leg. So if I have 300 members in my short leg then I will be paid on 600 members in my long leg. In most other programs I would only be paid on the 300 members I and my members brought in, if that !

The beauty of the binary program lies heavily in the fact that;

1. You only need to sponsor two people to qualify for group commissions.

2. You are paid on twice as many people as the group you build.

3. You only have to build one leg.

4. Every member you sponsor is placed under all the other members in the leg you are building.

5. All members benefit from all new members sponsored by all upline members in that leg.

6. The above points are easy to explain and powerful points to recruit new and experienced MLM members. Read on:

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About Author
Both Taffy Wagner & Michael Brymer are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Taffy Wagner has sinced written about articles on various topics from Marriage, Finances and How To Grow Wealth. . Taffy Wagner's top article generates over 2900 views. to your Favourites.

Michael Brymer has sinced written about articles on various topics from Japan Car, Multi Level Marketing and Finances. Read the rest of this article at - For more on a. Michael Brymer's top article generates over 4400 views. to your Favourites.
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