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Speaker 1: Hello.

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Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the

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Speaker 2: Order Kerni Whaltbury and a waddery woman. And before we

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Speaker 2: get started on She's on the Money podcast, I would

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Speaker 2: like to acknowledge the traditional custodians of the land of

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Speaker 2: which this podcast is recorded on a wondery country, acknowledging

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Speaker 2: the elders, the ancestors and the next generation coming through

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Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and

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Speaker 2: the storytelling of you to make a difference for today

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Speaker 2: and lasting impact for tomorrow. Let's get into it.

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Speaker 3: She's on the Money, She's on the Money.

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Speaker 4: Hello, and welcome to She's on the Money, the US

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Speaker 4: that's here to help you dodge financial traps, identify the

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Speaker 4: red flags, and stay scam free. I'm Victoria Devine and

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Speaker 4: today we're going to be picking up on a topic

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Speaker 4: that clearly struck a chord.

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Speaker 1: With so many of you.

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Speaker 4: Since our last episode on multi level marketings or MLMs dropped,

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Speaker 4: it's become one of the most shared of our community.

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Speaker 4: What I've really loved, though, is hearing from those of

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Speaker 4: you who said it's helped you see MLMs in a

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Speaker 4: whole different light. So many of you reached out to

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Speaker 4: say that you're actually leaving your MLMs after realizing that

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Speaker 4: these business models can impact your finances, your confidence, and

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Speaker 4: your mental health. And it honestly fires me up to

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Speaker 4: know that we're making a difference together. That is why

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Speaker 4: I am so wildly passionate about these conversations. Multi level

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Speaker 4: marketing companies don't just affect our wallets. They can impact

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Speaker 4: our relationships.

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Speaker 1: Our self worth, and our time.

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Speaker 4: And because this resonated so much, I've been absolutely flooded

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Speaker 4: with messages asking for a deeper dive that breaks down

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Speaker 4: the process of leaving an MLM and explains why you're finding.

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Speaker 1: It just so hard to get out.

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Speaker 4: It's also something that I wanted to dive deep into

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Speaker 4: before breaking down different multi level marketing companies because I

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Speaker 4: don't want to start breaking down companies with no cushion.

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Speaker 1: I suppose for you guys to fall back on no.

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Speaker 4: Advice, that would be against everything that I go by.

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Speaker 4: So by popular demand, we're going to be unpacking that today.

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Speaker 4: Are we walking you through why these companies are so

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Speaker 4: effective at keeping people in, why leaving is such a challenge,

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Speaker 4: and how you can exit with confidence and take back

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Speaker 4: control of your finances, and how you can support a

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Speaker 4: loved one who is caught up in an MLM. So,

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Speaker 4: my friends, let's get straight into it. I reckon we

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Speaker 4: should start with why multi level marketing companies can be

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Speaker 4: so attractive in the first place. They offer this I

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Speaker 4: guess idea of financial freedom and flexible schedules and even

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Speaker 4: a completely built in community. It's an attractive thing right

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Speaker 4: at the end of the day. So many people are

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Speaker 4: going to be joining MLMs because they see these genuine

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Speaker 4: reasons to join. It's not a false hope that they

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Speaker 4: are buying into. It is this very legitimate option that

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Speaker 4: they see in their minds to either create additional income

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Speaker 4: for their family or maybe they want to gain independence,

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Speaker 4: especially if you're like a single mum, like everybody wants that,

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Speaker 4: or even if you are more regional and you're thinking,

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Speaker 4: oh my gosh, this is so isolating. I do want

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Speaker 4: extra income, and all of a sudden, on a silver platter,

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Speaker 4: someone rolls out this supportive group of people that I

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Speaker 4: want to be involved in.

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Speaker 3: Right.

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Speaker 4: I think it's also important here to acknowledge that multi

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Speaker 4: level marketing companies know exactly what they're doing. They are

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Speaker 4: able to sit there and see their target audience and go, well,

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Speaker 4: what would be attractive to this group of people. They're

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Speaker 4: able to identify all these common financial dreams and things

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Speaker 4: that people in the community that they're trying to attract

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Speaker 4: are interested in. Right, It's no accident that there are

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Speaker 4: group trips to places like Mexico because the type of

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Speaker 4: person that is attracted to that is going to think

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Speaker 4: that that is absolutely incredible. And if that's not what

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Speaker 4: you're into, I can almost guarantee that the entire business

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Speaker 4: model is not something that you would ever be attracted

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Speaker 4: to begin with.

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Speaker 1: Right, And at the end of the.

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Speaker 4: Day, I think it's really important to not think that

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Speaker 4: this is a failing on your intelligence or a failing

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Speaker 4: on you not being able to identify an opportunity that

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Speaker 4: you've been attracted to these promises, because all of us

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Speaker 4: are right. And I mean, at the end of the day,

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Speaker 4: that's probably why you're listening to the She'ese on the

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Speaker 4: Money podcast, right, because I have told you that by

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Speaker 4: listening to my podcast, I'm going to help you to

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Speaker 4: create your own level of financial literacy and give to

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Speaker 4: you something that you weren't afforded in the first place,

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Speaker 4: that I believe that you deserved right. And if I'm

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Speaker 4: able to speak in this way with conviction because I

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Speaker 4: genuinely believe in what I'm doing, then other people are

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Speaker 4: able to do that about other topics as well. With

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Speaker 4: which is why it is so dangerous, because obviously, I

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Speaker 4: think that after more than seven hundred episodes and five

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Speaker 4: six years podcasting and having my own business, I think

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Speaker 4: that I have earned your trust.

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Speaker 1: I have proven it, I've.

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Speaker 4: Walked the walk, I have shown you the people that

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Speaker 4: are better off. But multi level marketing companies are in

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Speaker 4: a way able to do something similar as well. So

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Speaker 4: if you think for any second that it is a

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Speaker 4: personal failure that you've been attracted to a multi level

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Speaker 4: marketing company, or you're in a situation where you're embarrassed,

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Speaker 4: I don't want you to be, because at the end

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Speaker 4: of the day, all you wanted was better for your family,

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Speaker 4: better for your community, and better for you, and that

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Speaker 4: is so attractive. It just went in the wrong direction, right,

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Speaker 4: And I mean, who wouldn't be attracted to this idea

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Speaker 4: that you get to work on your own terms. But

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Speaker 4: that dream is often crafted in a way in these

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Speaker 4: companies to be incredibly persuasive, and as I said before,

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Speaker 4: it's not an accident. Multi level marketing companies a bit

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Speaker 4: built on some incredibly intentional psychological tactics that make it

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Speaker 4: incredibly hard to walk away but also make it really attractive.

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Speaker 1: I can almost.

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Speaker 4: Guarantee if you did your own research into multi level

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Speaker 4: marketing companies and who sits at the top, none of

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Speaker 4: them are product specialists in the product that they sell.

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Speaker 4: Say they're a skincare company, I can almost guarantee that

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Speaker 4: at the top of that company, it's not a skincare specialist.

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Speaker 4: It wasn't founded by somebody who actually is good at

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Speaker 4: what they do. It's founded by somebody who is good

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Speaker 4: at multi level marketing companies or good at network marketing,

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Speaker 4: and they have then backtracked and essentially reverse engineered a

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Speaker 4: system and gone, all right, well, I want to make

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Speaker 4: a whole heap of money. I'm going to start a

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Speaker 4: multi level marketing company, or I'm going to start another one,

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Speaker 4: because most of them are serial multi level marketers or

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Speaker 4: serial network marketing company enthusiasts, you could say, but they're

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Speaker 4: reverse engineering it. So they go, all right, well, I'm

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Speaker 4: going to try and attract a group of women because

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Speaker 4: obviously that's going to work best for me, and this

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Speaker 4: is how I'm going to do it. Oh, hair care fantastic.

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Speaker 4: I'm going to go for that at the end of

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Speaker 4: the day. I spoke about it on the last podcast.

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Speaker 4: That's exactly what happens in Mona. Monee is a multi

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Speaker 4: level marketing company built by someone who is fantastic at

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Speaker 4: multi level marketing companies and network marketing. And I think

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Speaker 4: that that's what we need to remember when we're looking

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Speaker 4: at these companies because so many of you come so

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Speaker 4: quickly to defend the product, and I get that the

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Speaker 4: product actually might be great. There's no shame in loving

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Speaker 4: a product that is made and built by a multi

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Speaker 4: level marketing company. The problem that we have is with

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Speaker 4: the business. The problem that we have is with the

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Speaker 4: structure and the advantage that they are taking of the

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Speaker 4: people involved. So back to I guess intentional psychological tactics.

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Speaker 4: Even when it's not working out, they promise things and

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Speaker 4: they talk to you about that's the journey. They talk

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Speaker 4: to you about the community that you've built and putting

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Speaker 4: in more time and energy and effort and maybe even

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Speaker 4: needing to pay more for training because obviously it's on you,

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Speaker 4: not the business.

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Speaker 1: And one of their most powerful tactics.

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Speaker 4: Is actually creating a sense of community and belonging. And

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Speaker 4: this goes back to Mexico, right. Like we talked on

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Speaker 4: my social media, we talked in the last podcast about

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Speaker 4: these brand trips that they're able to earn and able

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Speaker 4: to go on, and the way that they have their

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Speaker 4: little communities inside their organizations. So you'll often see, and

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Speaker 4: I know a lot of you have started to see

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Speaker 4: when you start to do your own research, that these

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Speaker 4: companies have I guess subcultures. They have different groups of

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Speaker 4: people inside of them that attract their own community and

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Speaker 4: create their own sense of belonging. And I think the

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Speaker 4: hardest thing about that is if you do decide to

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Speaker 4: leave that, you get booted out of that community inero

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Speaker 4: point two seconds, as though you never existed and as

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Speaker 4: though you were never somebody that they ever cared about.

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Speaker 4: In fact, they will absolutely ostracize you because that sense

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Speaker 4: of community is so tight. Multi level marketing companies create

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Speaker 4: these tight kniks communities that make people feel really valued

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Speaker 4: and really supported, and arguably that's a really big part

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Speaker 4: of the appeal. But being able to leave One of

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Speaker 4: the hardest things is you feeling like stepping away is

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Speaker 4: going to have you lose friends. And I can almost

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Speaker 4: guarantee if you're really deep into the multi level marketing

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Speaker 4: rabbit hole, you've probably lost some personal friends. You then

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Speaker 4: felt like you gained a group of friends that really

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Speaker 4: got you or more on your team and wanted the

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Speaker 4: best for you. But stepping away would mean losing those friends.

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Speaker 4: And I can guarantee right now that those friends were

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Speaker 4: never true friends to begin with. But I guess community

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Speaker 4: is only part of the story. Another really powerful tactic

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Speaker 4: that multi level marketing companies use is I guess this

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Speaker 4: like mindset trap, and this one, to me is massive.

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Speaker 4: It's the idea that success in a multi level marketing

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Speaker 4: company is not about the product. It's not about your community,

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Speaker 4: it's about your mindset. If you're not succeeding, it's framed

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Speaker 4: that you are the problem, not the business. Multi level

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Speaker 4: marketing companies are really good at making people feel personally

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Speaker 4: responsible for success, which I guess can lead you down

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Speaker 4: a track of self blame rather than questioning the MLM

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Speaker 4: structure itself. And I mean it's very me to want

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Speaker 4: to deep dive into this topic. You guys know that

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Speaker 4: over the last few weeks, even over the last month,

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Speaker 4: I have absolutely been going ham on this topic.

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Speaker 1: Not only have I.

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Speaker 4: Been going ham, but I've been having all these really

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Speaker 4: deep conversations in my DMS with people who are in

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Speaker 4: the process of leaving, people who are disgruntled, people who

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Speaker 4: have left and felt this. I feel like there needs

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Speaker 4: to be a subculture, and I'm sure that there are

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Speaker 4: Facebook groups of people who have left multi level marketing

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Speaker 4: companies that support each other because it is hard, it

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Speaker 4: is something really challenging. But I think this self blame

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Speaker 4: leads you into essentially throwing good money after bad and

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Speaker 4: that's another big factor in this multi level marketing structure, right,

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Speaker 4: So it's this sunk cost fallacy.

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Speaker 1: So they give you.

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Speaker 4: The idea that the money and the time that you've

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Speaker 4: already invested would just be lost if you stopped.

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Speaker 1: So if you've bought you.

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Speaker 4: Know, the starter kits, or you've attended some of the training,

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Speaker 4: or maybe you've been on a trip or you've paid

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Speaker 4: for some of the travel, you are walked down a

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Speaker 4: route of thinking, Oh, I can't all gray right now,

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Speaker 4: I've already invested too much. I've put too much in

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Speaker 4: But something that I was told a long time ago

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Speaker 4: is the sooner you get off the train, the less

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Speaker 4: expensive the return trip home is. And I think that

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Speaker 4: that's a really important thing to remember that the sooner

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Speaker 4: you get off, the sooner you start saving, the sooner

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Speaker 4: you are in a better position. And I guess it

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Speaker 4: really frustrates me that multi level marketing companies make people

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Speaker 4: feel personally responsible for success of a multi million, if

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Speaker 4: not billion dollar company, because that leads to self blame

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Speaker 4: rather than questioning the MLM structure itself.

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Speaker 1: They did that on purpose, like they.

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Speaker 4: Are going to lead you down that route of essentially

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Speaker 4: sliding you into saying that it is your fault. It

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Speaker 4: is not you know the company. The company has set

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Speaker 4: you up for success. We've given you every single tool

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Speaker 4: and resource to be successful.

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Speaker 1: Babe, this is your fault.

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Speaker 4: And I think that it is so important to be

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Speaker 4: able to identify that whether you're in a multi level

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Speaker 4: marketing company or you're just in a toxic corporate job,

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Speaker 4: because that still happens in quote the real world, right.

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Speaker 4: These companies also rely super heavily on social proof or

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Speaker 4: I guess so called success stories.

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Speaker 1: You've seen them.

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Speaker 4: I know, you've seen them all over your stories, you've

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Speaker 4: seen them all over your Instagram, you've seen them on

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Speaker 4: TikTok that before and after haircare photos. You'll often see

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Speaker 4: people at the top of multi level marketing companies. I

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Speaker 4: guess the high earners spook just how much that they're

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Speaker 4: making as well. And I find this so interesting because,

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Speaker 4: as I mentioned before, you've all seen them before and afters,

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Speaker 4: but I absolutely can guarantee that you've also seen the

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Speaker 4: top dogs talking about how they're making bank, how they've

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Speaker 4: retired their husbands, how they're making all of these trips

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Speaker 4: happen because oh my gosh, I've done so well and

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Speaker 4: I got my white Range Rover and I did all

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Speaker 4: of this, and you can do it too. If I

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Speaker 4: can do it, you absolutely can do it. And it's

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Speaker 4: this concept of I guess social proof where you go, Wow,

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Speaker 4: you're right. That girl from the Gold Coast she did it.

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Speaker 4: She was just a stay at home mum. I could

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Speaker 4: absolutely be, you know, a stay at home mum who

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Speaker 4: does that as well. I might even quit my full

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Speaker 4: time job to go and do this because it looks

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Speaker 4: like she's having so much more fun. It looks like

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Speaker 4: the grass really is greener, and you do convince yourself

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Speaker 4: that if they can do it, I can do it too.

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Speaker 4: Multi level marketing companies are structured that way. It's also

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Speaker 4: and I'm not going to get into it right now

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Speaker 4: because we'll go to a break in a hot second,

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Speaker 4: but it's also why you'll often find that multi level

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Speaker 4: marketing companies have really deep religious ties, and that's because

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Speaker 4: of the sense of connection. It's around community, it's around

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Speaker 4: bringing people in, and I find that really toxic. Like

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Speaker 4: you do you when it comes to religion. I've got

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Speaker 4: absolutely no opinion on what you choose to do in

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Speaker 4: that aspect, but I think it's really interesting the cult

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Speaker 4: like multi level marketing behaviors and the types of religious

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Speaker 4: groups that they tie themselves to, because often you'll see

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Speaker 4: a really deep connection and them talking about how their

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Speaker 4: religious ties are the reason for their success. So I'm

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Speaker 4: going to go to a really quick break because I

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Speaker 4: could yap about this all day, and when we come back,

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Speaker 4: I'm going to dive really deeply into why leaving a

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Speaker 4: multi level marketing company can be so emotionally challenging, and

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Speaker 4: then I'm going to give you some steps to I

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Speaker 4: guess help make that exit a little bit smoother. You

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Speaker 4: are absolutely not alone in this and this is not

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Speaker 4: something that we should be embarrassed about. So stay tuned.

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Speaker 4: All right, my friends, we are back and now we

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Speaker 4: get to dig into why leaving a multi level marketing

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Speaker 4: business can feel so complicated and honestly, it ends up

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Speaker 4: being a bit messy. If you're finding it hard to

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Speaker 4: walk away, my friend, you are not alone and it's

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Speaker 4: actually not na accident. As I was saying in the

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Speaker 4: first half of this episode, multi level marketing businesses are

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Speaker 4: designed to create I guess you would call it a

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Speaker 4: sense of loyalty and then personal responsibility that makes it

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Speaker 4: really tough to leave, especially when friends or family become involved.

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Speaker 4: So let's break it up. First up, let's talk about

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Speaker 4: the guilt many people are going to feel when they

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Speaker 4: start thinking about stepping away.

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Speaker 1: So multi level marketing.

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Speaker 4: Businesses often recruit through friends or family, and they do

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Speaker 4: this on purpose because it can make leaving feel really complicated. Like,

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Speaker 4: you started this business, you were wildly passionate about it,

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Speaker 4: and so you recruited your best friend and then her

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Speaker 4: mum joined, and then your mum got a little bit

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Speaker 4: envs and was like, oh, I want to be in

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Speaker 4: on the fund and she joins. So stepping away is

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Speaker 4: going to feel really icky because there's often this guilty

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Speaker 4: around stepping away, especially because maybe you brought in somebody

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Speaker 4: that you really care about. The point here is that

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Speaker 4: it's always okay to put your and their financial wellbeing first,

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Speaker 4: even if it means that you need to set boundaries

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Speaker 4: with people you know or people that they know. The

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Speaker 4: other thing about multi level marketing businesses is that they

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Speaker 4: pray it on your personal responsibility and your self worth.

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Speaker 4: Multi level marketing businesses sometimes, most of the time, make

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Speaker 4: people feel that if they're not succeeding, it's their fault.

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Speaker 4: I was telling you about this before. They take the

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Speaker 4: responsibility away from the brand and away from the organization

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Speaker 4: and put it on the shoulders of the individual, so

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Speaker 4: that you feel genuinely feel as though if you're not

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Speaker 4: selling the product, it's your fault. It can't possibly be

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Speaker 4: the brand or the business or the business model. It

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Speaker 4: definitely has to be because you're not that good at sales.

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Speaker 4: And then maybe you should be spending money on training

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Speaker 4: or workshops or programs that the people in your higher

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Speaker 4: up or in your upline are offering and charging you

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Speaker 4: through the nose for when in reality they probably have

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Speaker 4: no experience in this. They're just copying somebody else that

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Speaker 4: they saw doing this and knew it's another way that

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Speaker 4: they can make money. And I can't say this enough times. Guys,

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Speaker 4: ninety nine percent of people who are involved in multi

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Speaker 4: level marketing lose money. I need to really emphasize that

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Speaker 4: not succeeding in a multi level marketing business is more

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Speaker 4: often than not about the person. It's about the structure.

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Speaker 4: At the end of the day, being able to succeed

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Speaker 4: in a multi level marketing business. Sure, it's about selling

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Speaker 4: a product, but at the crux of it, to make

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Speaker 4: real money, to make the money that they're glamorizing, to

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Speaker 4: make the money that they are showcasing to you. That

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Speaker 4: woman that you're following that's saying that you can do

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Speaker 4: it too. I can promise the money she's making is

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Speaker 4: only good because she's managed to recruit enough people under

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Speaker 4: her to make that money. It doesn't come from just

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Speaker 4: purely selling the product. And anyone who says, oh, I

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Speaker 4: just signed up to sell the product only like and

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Speaker 4: I'm making good money, it's not going to last because

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Speaker 4: there's no longevity in that, and that's what they are promising.

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Speaker 4: So when you are finally ready to step away, I

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Speaker 4: need you to remember that it's not just about leaving

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Speaker 4: the business behind. It's also about choosing to rebuild connections

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Speaker 4: that might have been strained along the way. How many

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Speaker 4: times have we heard people say, Oh, my cousin or

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Speaker 4: my aunt or my friend got involved in a multi

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Speaker 4: level marketing business. Time and time again, I've heard in

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Speaker 4: my DMS people say, Oh, my cousin started. I haven't

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Speaker 4: said anything because it's my cousin, but like I've muted

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Speaker 4: all her stories. Or oh, my aunt has been doing

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Speaker 4: this for ages and everybody in the family talks about

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Speaker 4: it when she's not around. Oh my girlfriends started this,

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Speaker 4: and oh it's getting really icky. I've literally unfollowed everything

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Speaker 4: that she does and I don't follow her business. Even

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Speaker 4: if you are feeling as though you know no one

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Speaker 4: said anything, it might be because they just don't want

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Speaker 4: to bring it up.

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Speaker 1: They're not confrontational.

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Speaker 4: So if you are leaving a multi level marketing business,

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Speaker 4: I think it is time to invest in reconnecting with

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Speaker 4: your friends and family, because many people doing multi level

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Speaker 4: marketing end up isolating themselves away from friends and family

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Speaker 4: who were a little bit skeptical about the business because

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Speaker 4: the Multi level Marketing company told you to distance yourself

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Speaker 4: from people who are threatened by you. You've seen it

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Speaker 4: time and time again. They're like, Oh, they don't support

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Speaker 4: you because they're just envious of what you'll be able

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Speaker 4: to achieve. It's actually a joke. It makes me feel

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Speaker 4: sick because not only are these people making you isolate yourself,

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Speaker 4: they have absolutely no support when it doesn't work out.

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Speaker 4: Reconnect with those people that you might have distanced yourself

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Speaker 4: from and maybe be transparent about the fact that you

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Speaker 4: are leaving the Multi Level marketing and you've learned some

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Speaker 4: new stuff and like, oh, you can't believe you got

383
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Speaker 4: caught up, but we don't need to be embarrassed about

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Speaker 4: these things. I would reach out through maybe a message

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Speaker 4: or a call rather than simply readding them on social

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Speaker 4: media to really rebuild your trust and connection gradually. The

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Speaker 4: next thing I would do is handle your upline carefully.

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Speaker 4: Over the last few months, I've learned a lot about

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Speaker 4: uplines and how savage they can be and how nasty

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Speaker 4: PE people can be if they're still in their MLM

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Speaker 4: to people leaving the MLM. So what I would do

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Speaker 4: is really avoid announcing that you're planning on leaving until

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Speaker 4: you're ready to formally leave.

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Speaker 1: I know that this sounds.

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Speaker 4: Maybe a little bit hypocritical, because these women are going

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Speaker 4: to be saying you can talk to me about anything.

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Speaker 4: This is something that you can't talk to them about,

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Speaker 4: because the second you show any inkling of leaving, you

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Speaker 4: are going to be ostracized. Some uplines might actually guilt

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Speaker 4: trip you or pressure you to stay, which can be

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Speaker 4: really tough to resist if you're feeling really vulnerable. These

402
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Speaker 4: aren't the people to ask about whether you should stay

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Speaker 4: or not. Because they are making money from you. Of

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Speaker 4: course they want you to stay. So take steps to

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Speaker 4: exit the multi level marketing business first before having a

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Speaker 4: chat with them, so that we don't have any unnecessary

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Speaker 4: pressure or manipulation. And I know that this might sound

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Speaker 4: dramatic if you're listening and being like, oh, v like,

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Speaker 4: I really doubt that'll be like that.

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Speaker 1: You know, my upline is lovely. Of course they are.

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Speaker 4: It's literally truly their job to be kind to you

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Speaker 4: so that you recruit more people underneath them as well.

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Speaker 4: And I know that that sounds very negative, but it

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Speaker 4: is the way it is because it keeps people involved.

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Speaker 4: And my heart absolutely breaks because I have had close

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Speaker 4: to one hundred I would say conversations in my Instagram

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Speaker 4: dms over the last month of people sharing with me

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Speaker 4: their horror stories of what has happened to them when

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Speaker 4: they've left. People literally being abused, people being verbally abused,

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Speaker 4: people having people park outside their houses to overwhelm them

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Speaker 4: and make them feel really scared. People you know, telling

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Speaker 4: their family and friends that they're leaving for different reasons.

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Speaker 4: It's actually, from my perspective, cooked what these women will

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Speaker 4: do to protect a multi level marketing business that, just

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Speaker 4: to point out, wouldn't even protect them when shit hit

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Speaker 4: the fan. So when it comes to telling your upline

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Speaker 4: that you're planning on leaving, you do not owe them

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Speaker 4: any kind of explanation. The next is, and this is hard.

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Speaker 4: You want to cut the ties to your multi level

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Speaker 4: marketing and you want to cut them real hard. We're

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Speaker 4: going to disconnect from any multi level marketing related social

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Speaker 4: media groups. We're gonna leave the Facebook chats, We're going

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Speaker 4: to leave the Telegram conversations. H V, how did you

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Speaker 4: know that they have Telegram conversations going on. Well, my friend,

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Speaker 4: all those people that I was just telling you about

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Speaker 4: that are leaving multi level marketing businesses that are disgruntled

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Speaker 4: sent me the links to their Telegram conversations, and because

438
00:22:26,640 --> 00:22:29,040
Speaker 4: I'm brazen, i added myself to their group chats and

439
00:22:29,040 --> 00:22:31,560
Speaker 4: had a little bit of a spy around before I

440
00:22:31,600 --> 00:22:34,120
Speaker 4: got kicked out of them. I don't know if they've

441
00:22:34,119 --> 00:22:36,199
Speaker 4: been following, but I don't think they would have been

442
00:22:36,280 --> 00:22:38,879
Speaker 4: very happy to see Victoria Devine who's added herself to

443
00:22:38,920 --> 00:22:41,840
Speaker 4: your group chat. But also I don't know why they're

444
00:22:41,920 --> 00:22:46,119
Speaker 4: using Telegram. So Telegram as a basis, this is just

445
00:22:46,160 --> 00:22:48,560
Speaker 4: like a little side conversation because I just think it's

446
00:22:48,560 --> 00:22:50,680
Speaker 4: a bit of a red flag. But if any business

447
00:22:50,960 --> 00:22:53,920
Speaker 4: is operating group chats on Telegram, it's because they don't

448
00:22:53,920 --> 00:22:57,320
Speaker 4: want their conversations to be able to be tracked. Everyone

449
00:22:57,320 --> 00:22:59,119
Speaker 4: in this day and age has WhatsApp, so I'm not

450
00:22:59,119 --> 00:23:02,240
Speaker 4: sure why they couldn't you that platform. But essentially Telegram

451
00:23:02,280 --> 00:23:06,080
Speaker 4: exists because it's on a super encrypted platform that can't

452
00:23:06,119 --> 00:23:09,720
Speaker 4: even be hacked. If people are investigating into the platform

453
00:23:09,800 --> 00:23:14,080
Speaker 4: or into groups and conversations like this, right so Telegram

454
00:23:14,160 --> 00:23:17,040
Speaker 4: is super encrypted and more often than not is used

455
00:23:17,080 --> 00:23:19,840
Speaker 4: by drug dealers. So I'm unsure of why they need

456
00:23:19,880 --> 00:23:21,959
Speaker 4: to use a platform like that to talk about their

457
00:23:22,000 --> 00:23:25,400
Speaker 4: multi level marketing business. Could it be perhaps because there's

458
00:23:25,440 --> 00:23:27,120
Speaker 4: something illegal going on in there?

459
00:23:27,440 --> 00:23:27,960
Speaker 1: Who knows.

460
00:23:28,840 --> 00:23:31,920
Speaker 4: So when I go back to this conversation about cutting

461
00:23:31,960 --> 00:23:34,840
Speaker 4: ties from your multi level marketing business, we're going to

462
00:23:34,960 --> 00:23:37,800
Speaker 4: unfollow your upline, We're going to unsubscribe from group chats

463
00:23:37,880 --> 00:23:40,760
Speaker 4: or newsletters. This separation is going to prevent I guess,

464
00:23:40,840 --> 00:23:44,680
Speaker 4: unnecessary exposure to new sales or promotions or recruitment pressures,

465
00:23:44,800 --> 00:23:46,440
Speaker 4: which is going to allow you to move on without

466
00:23:46,480 --> 00:23:49,720
Speaker 4: temptation or continued involvement, Like the last thing you need

467
00:23:49,800 --> 00:23:53,040
Speaker 4: is to see so many people promoting it when you've

468
00:23:53,080 --> 00:23:56,040
Speaker 4: just left it and get a sense of I guess fomo.

469
00:23:56,560 --> 00:23:59,720
Speaker 4: And then we're going to talk about any financial impacts

470
00:23:59,800 --> 00:24:02,960
Speaker 4: of I'm going to be most passionate about this because

471
00:24:03,000 --> 00:24:06,199
Speaker 4: of the financial impacts of multi level marketing businesses, but

472
00:24:06,359 --> 00:24:10,000
Speaker 4: leaving them might mean facing a few short term financial losses.

473
00:24:10,640 --> 00:24:13,440
Speaker 4: I need you to remember that conversation about the sooner

474
00:24:13,480 --> 00:24:16,159
Speaker 4: you get off the train, the cheaper the return ticket

475
00:24:17,000 --> 00:24:19,760
Speaker 4: leaving a multi level marketing business might mean that there

476
00:24:19,800 --> 00:24:21,960
Speaker 4: are a few financial losses, and I need you to

477
00:24:22,000 --> 00:24:25,960
Speaker 4: confront the money issues directly by I guess, assessing what

478
00:24:26,080 --> 00:24:29,879
Speaker 4: you invested and making a really realistic budget to regain

479
00:24:29,960 --> 00:24:33,640
Speaker 4: control of your finances. If you need to seek financial advice,

480
00:24:33,800 --> 00:24:37,119
Speaker 4: my favorite platform is the National Debt Helpline, which I

481
00:24:37,160 --> 00:24:40,199
Speaker 4: will put the resources and the contact information to in

482
00:24:40,280 --> 00:24:42,520
Speaker 4: the show notes. But at the end of the day,

483
00:24:42,560 --> 00:24:46,080
Speaker 4: seeking financial advice or assistance is really smart and it's

484
00:24:46,080 --> 00:24:47,879
Speaker 4: going to put you in the best possible position. And

485
00:24:47,920 --> 00:24:51,800
Speaker 4: remember that financial recovery is possible and we don't want

486
00:24:51,800 --> 00:24:56,280
Speaker 4: to be throwing good money after bad. Unfortunately Australia doesn't

487
00:24:56,320 --> 00:25:00,080
Speaker 4: have this, but some countries actually have buy back laws

488
00:25:00,119 --> 00:25:03,159
Speaker 4: for multi level marketing products where the company has to

489
00:25:03,200 --> 00:25:06,480
Speaker 4: buy it back from you. As I said before, unfortunately

490
00:25:06,520 --> 00:25:09,399
Speaker 4: that doesn't exist in Australia, and if you asked, they

491
00:25:09,440 --> 00:25:12,639
Speaker 4: would absolutely say no because they will say it's your fault,

492
00:25:12,640 --> 00:25:14,880
Speaker 4: you shouldn't have purchased the products. But at the end

493
00:25:14,920 --> 00:25:17,879
Speaker 4: of the day, it's important to know what your rights

494
00:25:17,880 --> 00:25:20,320
Speaker 4: are and if you're listening to this, because your overseas

495
00:25:20,520 --> 00:25:23,000
Speaker 4: absolutely have a look into it because it might actually

496
00:25:23,080 --> 00:25:25,639
Speaker 4: apply to you. Now, if you've been listening to this

497
00:25:25,720 --> 00:25:29,000
Speaker 4: episode because you're not involved in a multi level marketing business,

498
00:25:29,040 --> 00:25:31,360
Speaker 4: but you're listening because you're worried about a loved one

499
00:25:31,440 --> 00:25:32,760
Speaker 4: or a friend who's still.

500
00:25:32,480 --> 00:25:34,400
Speaker 1: Involved in a multi level marketing business.

501
00:25:35,080 --> 00:25:39,680
Speaker 4: Helping a loved one leave generally requires a gentle, yet

502
00:25:39,880 --> 00:25:44,720
Speaker 4: supportive approach. I would avoid confrontation because they might not

503
00:25:44,880 --> 00:25:47,679
Speaker 4: be ready to hear what you are willing to talk about,

504
00:25:48,400 --> 00:25:51,919
Speaker 4: and multi level marketing businesses thrive on emotional bonds and

505
00:25:52,000 --> 00:25:56,080
Speaker 4: criticism can trigger defensiveness. In fact, they have whole fact

506
00:25:56,280 --> 00:25:59,919
Speaker 4: sheets on how to respond when somebody's not on board.

507
00:26:00,280 --> 00:26:03,280
Speaker 4: They have whole fact sheets that say, if somebody says

508
00:26:03,280 --> 00:26:05,199
Speaker 4: that they don't have the cash, this is what you say.

509
00:26:05,240 --> 00:26:07,600
Speaker 4: If somebody says it's a scam, this is what you say.

510
00:26:07,680 --> 00:26:10,439
Speaker 4: If somebody calls this business a pyramid scheme, this is

511
00:26:10,520 --> 00:26:14,919
Speaker 4: exactly how you respond. It's really sad, and from a

512
00:26:14,920 --> 00:26:17,919
Speaker 4: business perspective, relatively smart for them to have invested so

513
00:26:18,040 --> 00:26:22,400
Speaker 4: much in sales training, but it means that they are

514
00:26:22,640 --> 00:26:26,720
Speaker 4: basically hardwired to take anything that you say as not gospel.

515
00:26:27,320 --> 00:26:29,639
Speaker 4: So instead, what I want you to do is listen

516
00:26:29,720 --> 00:26:31,639
Speaker 4: more than you talk. I want you to create a

517
00:26:31,720 --> 00:26:34,560
Speaker 4: safe space for them to share openly. You can say

518
00:26:34,600 --> 00:26:36,840
Speaker 4: you're not interested in purchasing the products, but you always

519
00:26:36,840 --> 00:26:39,240
Speaker 4: want to hear about it because they need someone on

520
00:26:39,280 --> 00:26:42,440
Speaker 4: their team. I would focus on shared memories and maybe

521
00:26:42,480 --> 00:26:45,800
Speaker 4: reminding them of their original goals to always encourage reflection,

522
00:26:46,480 --> 00:26:48,960
Speaker 4: and maybe remind them of the dreams and the values

523
00:26:49,119 --> 00:26:52,679
Speaker 4: they might have sidelined, which might help them to assess

524
00:26:52,680 --> 00:26:56,320
Speaker 4: if the multi level marketing business truly aligns with their aspirations.

525
00:26:57,040 --> 00:26:59,879
Speaker 4: I would be very patient because that's what they need,

526
00:27:00,160 --> 00:27:02,879
Speaker 4: as it's probably going to take a few conversations for

527
00:27:02,920 --> 00:27:05,560
Speaker 4: them to actually process their attachment whether this is a

528
00:27:05,600 --> 00:27:08,880
Speaker 4: good or a bad thing. And I wouldn't support them

529
00:27:09,000 --> 00:27:11,840
Speaker 4: in the way of purchasing products or joining their team,

530
00:27:11,920 --> 00:27:15,520
Speaker 4: because that actually reinforces their commitment. But I would offer

531
00:27:15,600 --> 00:27:18,639
Speaker 4: steady support and alternatives and that you're helping them to

532
00:27:18,680 --> 00:27:21,680
Speaker 4: see a way forward on their own terms. And remember,

533
00:27:22,160 --> 00:27:24,840
Speaker 4: stepping away from a multi level marketing business, it's not

534
00:27:24,920 --> 00:27:27,160
Speaker 4: just a big decision. It's a really hard one to make,

535
00:27:27,280 --> 00:27:29,920
Speaker 4: and the sport of family and friends can and will

536
00:27:29,920 --> 00:27:31,920
Speaker 4: make all of the difference. And I mean, you obviously

537
00:27:31,960 --> 00:27:34,480
Speaker 4: care a lot because you're listening to this podcast. I

538
00:27:34,480 --> 00:27:38,080
Speaker 4: would potentially send this podcast to them and be like, wow,

539
00:27:38,119 --> 00:27:41,119
Speaker 4: this is really interesting. Don't say wow, I need you

540
00:27:41,160 --> 00:27:43,359
Speaker 4: to listen to this podcast because you finally have to

541
00:27:43,400 --> 00:27:45,120
Speaker 4: leave that multi level marketing business.

542
00:27:45,440 --> 00:27:47,840
Speaker 1: We don't need that. I'll say that to them for you.

543
00:27:48,680 --> 00:27:52,159
Speaker 4: And if you're listening to this because personally you're considering

544
00:27:52,240 --> 00:27:54,760
Speaker 4: leaving a multi level marketing business, or you're involved and

545
00:27:54,800 --> 00:27:58,520
Speaker 4: someone sent this to you, no, it is completely okay

546
00:27:58,520 --> 00:28:01,000
Speaker 4: to put your well being and you'll find outancial future first.

547
00:28:01,640 --> 00:28:03,960
Speaker 4: I'm here that she's on the money. Community is here

548
00:28:04,000 --> 00:28:07,440
Speaker 4: to support you every single step of the way. From

549
00:28:07,480 --> 00:28:10,440
Speaker 4: the interactions I'm having with so many of you on Instagram,

550
00:28:10,480 --> 00:28:13,760
Speaker 4: it is clear that these conversations are needed. The response

551
00:28:13,840 --> 00:28:16,439
Speaker 4: to this topic has been absolutely overwhelming. It's why there

552
00:28:16,440 --> 00:28:19,000
Speaker 4: has been such a gap between the content on this

553
00:28:19,200 --> 00:28:21,600
Speaker 4: because I wanted to make sure that it was the

554
00:28:21,720 --> 00:28:25,080
Speaker 4: right content coming out at the right time. And honestly,

555
00:28:25,320 --> 00:28:29,040
Speaker 4: this overwhelming response to the content has only reinforced my

556
00:28:29,080 --> 00:28:32,760
Speaker 4: commitment to keep talking about multi level marketing businesses, breaking

557
00:28:32,800 --> 00:28:36,080
Speaker 4: down their tactics and sharing stories that empower you to

558
00:28:36,160 --> 00:28:40,320
Speaker 4: make informed financial choices. So, my friend, if you are

559
00:28:40,600 --> 00:28:43,000
Speaker 4: just as fired up about this as I am, make

560
00:28:43,040 --> 00:28:46,360
Speaker 4: sure that you subscribe and stay tuned. I'm absolutely not

561
00:28:46,400 --> 00:28:49,120
Speaker 4: done with multi level marketing businesses yet because there is

562
00:28:49,600 --> 00:28:53,400
Speaker 4: so much to cover. So hang around. Have a good weekend,

563
00:28:53,520 --> 00:28:55,920
Speaker 4: my friends, and I'll see you brighton early on Monday.

564
00:28:55,920 --> 00:29:04,520
Speaker 4: For a money diary, the Iffyce shared on She's on

565
00:29:04,560 --> 00:29:07,240
Speaker 4: the Money is general in nature and does not consider

566
00:29:07,280 --> 00:29:11,200
Speaker 4: your individual circumstances. She's on the Money exists purely for

567
00:29:11,360 --> 00:29:14,240
Speaker 4: educational purposes and should not be relied upon to make

568
00:29:14,240 --> 00:29:17,520
Speaker 4: an investment or financial decision. If you do choose to

569
00:29:17,520 --> 00:29:20,840
Speaker 4: buy a financial product, read the PDS TMD and obtain

570
00:29:20,880 --> 00:29:22,720
Speaker 4: appropriate financial advice.

571
00:29:22,400 --> 00:29:23,720
Speaker 1: Tailored towards your needs.

572
00:29:24,080 --> 00:29:28,040
Speaker 4: Victoria Divine and She's on the Money are authorized representatives

573
00:29:28,080 --> 00:29:31,960
Speaker 4: of Money. Sheper pty LTD ABN three two one IS

574
00:29:32,000 --> 00:29:35,840
Speaker 4: six four nine two seven seven zero eight AFSL four

575
00:29:35,960 --> 00:29:38,080
Speaker 4: five one two eight nine