Multilevel Marketing (MLMs) could negatively affect you, your daughters, or your friends.

In today’s episode, Kate shares the fascinating history of the BLT and what makes it the Jack of all Trades sandwich.

Learn what an MLM is, the common elements that make them dangerous to your wallet, and a preview of some of the cult-like behaviors you can find within them.

You can learn more about this podcast by going to www.budgetingforbacon.com. Join Kate next time as she explores Chocolate and Student Loans.

KEY TOPICS:

What Is A BLT?

  • Where the first BLT actually came from
  • The origin of mayonnaise
  • Why tomatoes weren’t always considered food
  • Why the BLT is an “everyman” kind of sandwich

What Is An MLM?

  • The history of the MLM
  • Learn how MLMs most commonly start up
  • A basic example of how you know you’re in an MLM
  • What is an upline or downline?
  • What is a “hun bot?”
  • Examples of some of the most common MLMs in 2021
  • What do MLMs and Pay It Forward have in common?
  • What is a ponzi scheme and how is that related to an MLM?
  • Do MLMs get into trouble?
  • How do MLMs stay legal?
  • Why are so many MLMs vitamin supplements?
  • Who do MLMs usually target?
  • How to know if an independent sales consultant/distributor for an MLM is lying to you.
  • Why are MLM consultants never employees?
  • Can you actually make money from an MLM? When is the best time to join?

Don’t forget to Follow to stay up to date on the latest episodes. Recipes and resources are below.

ABOUT KATE:

Kate is passionate about all things personal finance and the many ways in which money intersects with quality of life. She’s also a pet-lover and travel writer who reveres the written word. Kate provides coaching and mentoring to veterans and active-duty families to help get their budgets back on track.

CONTACTS FOR KATE:

  • (Website): https://www.budgetingforbacon.com
  • (Facebook): https://www.facebook.com/TheKateDelamare/
  • (Twitter): https://twitter.com/KateDelamare
  • (Email): kate@budgetingforbacon.com

FURTHER RESOURCES (not sponsored):

Fun Alternative BLT Ideas:

  • https://www.delish.com/cooking/recipe-ideas/g1391/blt-recipes/

More MLM info: Investopedia:

  • https://www.investopedia.com/terms/m/multi-level-marketing.asp

Help for Getting Friends Out of MLMs

  • https://www.vice.com/en/article/43e573/how-to-get-a-friend-out-of-an-mlm-herbalife-amway-younique-

Anti-MLM Coalition

  • https://mlmtruth.org/

Today’s episode may contain affiliate links and we may make a commission off a sale.
The Federal Trade Commission (FTC) has guidelines regarding endorsements and testimonials to protect you from misleading advertising that’s been paid for by a company. Budgeting For Bacon does occasionally include endorsements and testimonials, so it’s important to us to disclose the following: We only endorse and promote products we trust and use for ourselves.

See All 10 Episodes of "Budgeting For Bacon"