ECONOMY & CULTURE
DEVELOPING A STREAM OF REPEAT INCOME IS ONE WAY TO PULL YOURSELF OUT OF DEBT—FAST! Are you one of the millions of Americans using your credit card as a life raft during this moment of historically high inflation? Whether it’s to maintain the lifestyle they’ve enjoyed over the last few years or simply to afford everyday expenses like gas and groceries, Americans are running up the charges. And even if inflation eventually recedes to pre-COVID levels, a flood of credit card debt will be left in its wake. Worse, today’s higher interest rates make this new debt even harder to zero out. It’s times like these when developing a stream of repeat income can pay off—literally! Here’s the what, how, and why of finding additional financial avenues to help offset the high cost of carrying personal debt. *
WHAT IS REPEAT INCOME? Repeat income is dependable income that keeps rolling in even after the initial work of creating that source of income is over. It might sound too good to be true, but that’s only because repeat income opportunities are so difficult to find! Fortunately, Melaleuca provides one such opportunity. Reliable repeat income offers a way to pay down bills faster. It’s an enticing reason to share Melaleuca’s products and business opportunity with others. It’s not easy, but it is possible: follow the Seven Critical Business- Building Activities, cultivate strong relationships, and put in consistent effort. HOW IT WORKS The basic answer is this: Melaleuca Marketing Executives receive referral commissions from the purchases of customers they refer to shop at Melaleuca (called “personal customers”). The more a customer shops, the more a Marketing Executive earns! With hard work and relationship nurturing, anyone can keep their Melaleuca business producing revenue well into their later years. WHY IT’S AN OPTION FOR EVERYONE Business builders are often worried about sharing Melaleuca with the “perfect” person, but the reality is that anyone can benefit from an additional stream of income, even if their life seems perfect from the outside. You just never know how much someone is struggling with health or bills behind the scenes. The best part? Sharing Melaleuca’s Refer a Friend link is simple, and getting started with Melaleuca doesn’t require taking on inventory or diving deeper into debt. It’s a win-win!
Credit card balances increased $46 BILLION during the second quarter of 2022. Individual credit card debt for the average American is $5,221.
There was a 13% increase in new US credit card accounts opened during the second quarter of 2022.
Household debt increased by $312 BILLION during the second quarter of 2022.
Credit card interest rates have been rising and recently reached an average of 16.4%.
Data from the Federal Reserve Bank of New York.
OCTOBER 2022 | MELALEUCA.COM 37
These results are not typical. Consult the Annual Income Statistics on page 58 for typical results.
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