How to Leverage Network Marketing Income to Create Generational Wealth

The Excellence Project with Eric Worre

Eric Worre

Marketing, Entrepreneurship, Networkmarketing, Business, Ericworre, Mlm

4.9 • 1.2K Ratings

🗓️ 19 February 2024

⏱️ 93 minutes

🔗️ Recording | iTunes | RSS

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Summary

Network Marketing Professional and Author Andrew Logan tried (and failed at) everything he could think of to reach financial freedom, until he found Network Marketing and used the income as cash flow to create generational wealth and the life he dreamed of for his family. 01:33:07

Show Notes:

0:00 - Introduction

01:48 - Eric welcomes Andrew Logan to The Excellence Project.

05:18 - Andrew shares that he was a good student and studied to become a physical therapist.

08:17 - The moment Andrew decided he wanted to achieve financial freedom at 30 years old.

14:33 - Andrew explains that he tried many paths to achieve financial freedom, but they all failed.

16:02 - Andrew saved money from his salary to buy his first property.

24:00 - Andrew’s boss offers him a partnership and he is able to buy more properties.

25:21 - Andrew details the different ways he tried to invest and achieve financial freedom.

33:32 - Andrew shares what you should beware of when investing.

36:14 - Andrew explains what his family’s idea of financial freedom was.

39:21 - Eric asks Andrew what opened his mind to Network Marketing.

43:25 - Andrew pulls back the curtain on the moment Network Marketing changed his family’s life.

48:35 - How Andrew and his wife came to the realization that you have to have systems in place in order to be successful.

53:46 - Eric asks Andrew how long it took before he really felt like a Network Marketing Professional.

57:59 - Andrew walks us through the 7 steps to financial freedom.

01:02:15 - Andrew explains how to decide where to invest your money.

01:13:51 - Eric and Andrew discuss how to avoid losing your money through bad investments.

Resources From This Podcast: The Way Out: 7 Steps to Financial Freedom Through Network Marketing https://www.7stepfreedomformula.com/checkout-page1655816375134

Questions or Comments?

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Transcript

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0:00.0	Unfortunately we can see a lot of challenges in this industry where people come in and make the money and they don't have the financial mindset to take care of it.
0:09.0	They eat it all.
0:10.0	And people, and again, like early in those 20s,
0:13.4	and even when we started a lot of the negativity
0:15.9	was people like, oh, my friend lost all his money in that thing.
0:19.4	I know a couple who lost tens of thousands of dollars. dollars and it's like it cost you
0:23.7	five hundred dollars to start and I couldn't I couldn't get my head around it I'm like
0:28.6	I spent five hundred dollars to start the worst I can lose is $500, right? Like this is a no-brainer, but how did they lose $100,000? And then you start going to the events and you start seeing
0:40.7	income earners walk across the stage and then you go to the event next year and they're not there.
0:45.4	And so like what happened to Bob and Mary? Like why aren't they walking across the stage and you find out
0:50.9	that they've over leveraged and that L word again like that like leverage is a beautiful thing
0:57.9	when you know how to control it.
1:00.3	Welcome to the Excellence Project. My name is Eric Worry and in today's episode we're
1:05.2	going to hear from Andrew Logan who's the author of The Way Out, Seven Steps to
1:09.5	Financial Freedom through Network Marketing and him and his wife the way out together how to build
1:15.5	a network marketing business as a couple from Andrew and Angie Logan.
1:19.7	We're going to talk about finances. We're going to talk about how to use your network marketing business or any
1:26.8	business to create enough cash flow to have a second business, which is your investment life,
1:34.4	how to turn that cash flow into passive wealth.
1:39.9	If that's interesting to you,
1:41.3	I think you're going to like like this episode so with no further ado
1:44.7	let's jump into my conversation with Andrew Logan. Andrew Logan how you doing?
	...

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