Is Your Income Cutting It?

Will An EXTRA 30k-75k, on Top of What You Currently Earn Change Your Life a Little Bit? An ‘Average’ American Income No Longer Cuts It.

An average American income isn’t enough for a comfortable living in 2023, according to two recent reports.

The typical U.S. family earns about $71,000 per year, according to the Census. Yet, the average American believes a family needs at least $85,000 in annual household income to get by, according to a recent Gallup poll.

That finding tracks with a recent study from SmartAsset, a financial technology company, which found the average American worker needs $68,499 in after-tax income to live comfortably. (That works out to around $85,000 in total income, assuming a 20-percent tax hit.)

The two releases point to the same conclusion: Many Americans earn too little in 2023 to attain a decent standard of living in their communities.

American households are feeling the pinch after three years of relentless economic headwinds.

Inflation, a negligible factor in recent years, surged to 5 percent in 2021 and 8 percent in 2022. It stands now at 6 percent, according to federal data for the first quarters of 2022 and 2023.

Rising prices prompted an unprecedented run of interest-rate hikes by the Federal Reserve, lifting the benchmark federal funds rate from effectively zero to around 5 percent in little over a year.

All of this came amid the COVID-19 pandemic, which pushed the nation’s jobless rate close to 15 percent at the height of the national lockdown in 2020.

“We’re just coming out of this really unusual time when we had pandemic scarcity, we had loss of work. And I think it’s sort of distorted perceptions about the cost of living,” said Peter C. Earle, an economist at the American Institute for Economic Research. “Lockdowns were a sort of existential experience for a lot of people.”

The Gallup poll, taken in April, found that 30 percent of Americans believe a family needs a six-figure income to “get by in your community.” Only 14 percent of respondents said a household could make do on less than $50,000, and even that threshold is $20,000 higher than the federal poverty line for a family of four, $30,000.

“I think the real crux of this issue is, what does it mean to quote-unquote get by?” said Douglas Holtz-Eakin, an economist and president of the American Action Forum, a conservative think tank.

Lower-income families, earning less than $40,000 per year, told Gallup pollsters a household needs $66,310 a year to get by, on average. Upper-income households, earning $100,000 or more, said nothing short of $100,000 would suffice.

“There’s lots of other data that says that people whose incomes are relatively high are living paycheck-to-paycheck,” Holtz-Eakin said.

Ten years ago, in an earlier Gallup poll, the average American believed a household could get by on $58,000 a year. That number exceeded the median household income at the time, $52,250.

The gap seems to be growing between what Americans earn and what they consider a sufficient income. The Gallup figure from 2013, $58,000, was about 10 percent higher than the median household income for that year. The 2023 Gallup figure, $85,000, exceeds the current median income by about 20 percent.

A lot has changed in a decade. In 2023 America, the average family might reasonably expect the price of groceries and gas to climb by 5 percent or 10 percent per year into perpetuity. The average homeowner might assume mortgage rates will remain in the 5-percent to 7-percent range for the foreseeable future, after a decade of historically low rates.

Therefore, American families would have good reason, economists say, to dial up their expectations for what it takes to live comfortably.

Salaries haven’t kept pace with inflation. Rising interest rates have pushed up housing costs. The SmartAsset report found that the average income to maintain a “comfortable lifestyle” rose by 20 percent between 2022 and 2023, from $57,013 to $68,499 in take-home pay, in the 25 largest metro areas.

That report, derived from MIT’s Living Wage Calculator, assumes the average family will allocate half of its after-tax income to basic living expenses, 30 percent to discretionary spending and 20 percent to savings and debts.

By that formula, a resident would need to clear $84,000 a year to live comfortably in San Francisco, $78,500 in New York and $76,000 in Washington, D.C., the study found.

Looking at actual salaries in those cities, it would appear that many residents do not live comfortably. Median per-capita income is about $124,000 in San Francisco, $85,000 in New York and $81,000 in D.C., according to the Census. Those are pre-tax figures: take-home pay ranges much lower.

One key factor in rising living costs is spiraling housing expenses. Monthly rents have outpaced inflation. Last spring, the median monthly asking rent surpassed $2,000 for the first time, according to Redfin.

Housing prices, meanwhile, surged by more than 40 percent in two years, from an average of $383,000 in early 2020 to $553,000 in late 2022, according to federal data. The figure slipped to $516,500 this year, as higher mortgage rates sapped purchasing power.

Cars, too, are becoming luxury purchases. The average price for a new vehicle hit $49,500 at the end of 2022, up from $38,948 three years earlier, according to the Kelley Blue Book.

Vehicle prices rose partly because of supply-chain kinks and pandemic shutdowns. Another factor was the demanding American consumer. Buyers pushed up prices by consistently choosing more expensive SUVs and tricked-out trucks over value-priced sedans.

“There’s a lot of debate about how much our expectations are feeding inflation,” said Lisa Gennetian, an applied economist at Duke University.

Homebuyers are seeking ever-larger homes. The average new home grew by 1,000 square feet between the mid-1970s and mid-2010s, according to an analysis by the American Enterprise Institute.

The same principle applies in other areas of family life, Gennetian said. An affluent household might consider private school part of a basic annual budget, while a less wealthy household might struggle to fulfill the fall supply list at public school.

“For some people, private tutoring for my kids, that could be part of my standard of living,” Gennetian said. “Other people, they might be thinking about having a running car.”

Do You Have these Two Goals – Achieving Financial Freedom and a Dream Retirement?

Do You Know What You Are Truly Worth? Are You Paid It? Does It Pay All Your Bills?

We know that in this economy and especially if you follow the old rules of money, the ability to live your dream retirement is getting TOUGH. Truth is, 401(k) accounts aren’t cutting it.

Social Security is just a drop in the bucket of what you need. Uneducated folks are going to be shocked at how far away their dreams really are when they hit retirement.

But those who take action and figure out how to solve this puzzle are the ones who will see those dreams come true. Because it’s a problem you can figure out.    

May I ask, “Do You Know What You Are Truly Worth? Are you being paid for that? Will it pay off all your bills? If not, Will an extra 30k-75k, on top of what you currently earn change your life a little bit?

Start now to lay the foundation for a great year.

If we help you, will you build a business so you can reach your financial dreams or retirement goals within 2-5 years, will you work with us?    

May I also ask, do you want something better?

For and Unlimited Annual Income and Your Retirement Dreams and Goals Will You With Our Help Build a Proven, High Profit, Low Overhead-Low Start Up, Risk Free, Guaranteed Side Business?       

Would you like to connect this coming week and talk about your life, career, business, or retirement?

Want to see how this special coaching can help you reach your goals? If yes, contact me now. What will your life look like then? Who will you be in six months?

We are showing this to people like you in a no-cost coaching session this week.

Get all the details contact us now. Have a wonderful, safe, and fun week.

MKS Master Key Coaching and Systems

Making seemingly impossible things happen in any area of your life or business is our specialty. Over 25,000 achievers have now used MKS Master Key Coaching and Systems, the world’s #1 systems, for self or business improvement. We’re grateful for this year and opportunity to serve you.

We hope you’ll deepen your practices of journaling, tracking your habits, setting your goals, and watching inspirational classes with us this year and beyond. 

Let’s make the year extraordinary, together.

Cheering you on, always!

Join a “Year of MKS Master Key Mastery Coaching Programs and Systems”.  We’ll spend the first Mondays of the Week with you taking you through advanced personal growth, business growth, profitability optimization and productivity so you can win this year and every years you are in business.

These are just a few tips to look out for when considering Breaking Through Your Upper Limits.

We personally believe this is the best way forward if you are looking for a Breaking Through Your Upper Limits. This is for people who have a dream or desire to be financially independent and are willing to put in the hard work to do so.

Wishing you prosperity and success. Remember You Were Born To Win!!

Michael Kissinger and Sydney Reitenbach

Phone: 650-515-7545

LinkedIn Profile: https://www.linkedin.com/in/michael-kissinger-a66b214/

E-mail: mjkkissinger@yahoo.com

Facebook: https://www.facebook.com/michael.kissinger.35

CONTACT US: [LIFE SUCCESS ASSESSMENT] [READINESS ASSESSMENT] [SERVICES] [ABOUT COACHES]  [FAQs] [FEE RANGE] [COACHING AGREEMENT] [SURVEY] [PRESS RELEASE] Home

Web: https://mksmasterkeycoaching.com

Terms of Use | Testimonials and Results Disclosure | Privacy Policy

© Copyright 2023 –Reitenbach-Kissinger Success Institute – All Rights

Disclaimer

The Reitenbach-Kissinger Success Institute makes no guarantee, makes no promises regarding the outcome of using any of the information on this site or its product or service. The Reitenbach-Kissinger Success Institute is not liable for any damages arising in contract, tort or other wise from the use of or inability to use this site or any material contained in it, or from any action or decision taken as a result of using this site or the information hereon. The information on this site is informational only

The materials on this site comprise the The Reitenbach-Kissinger Success Institute views; they do not constitute legal or other professional advise or guarantee of any kind. You should consult your professional advisor for legal or other advice.

This site offers links to other sites thereby enabling you to leave this site and go directly to the linked site. The The Reitenbach-Kissinger Success Institute is not responsible for their content of any linked site or any link in a linked site. The The Reitenbach-Kissinger Success Institute is not responsible for any transmission received from any linked site. the links are provided to assist visitors to the Reitenbach-Kissinger Success Institute site and the inclusion of a link does not imply that the The Reitenbach-Kissinger Success Institute endorses or has approved the linked site

Should You Have or Start A Side Gig Today?

When you get a weekly bonus check deposited in your account, what are some of the first things you will spend it on?

What is a side gig? It’s a second income stream, apart from your full-time job.

Side gigs have always been appealing (because who couldn’t use some extra money?) but they are especially popular now.

Here’s a Few Reasons Why You Might Want a Side Gig

1. Multiple Income Streams

While you might love your day job and think it will never end, the reality is that it could. Layoffs happen, the economy crashes, or who knows what. And while you might get unemployment checks, those only last so long and aren’t as much as your old salary.

Starting a side gig now means you’ve got multiple income streams later to help support you should times get tough.

2. Create an Emergency Fund

Do you have enough saved to cover three or more months of expenses? More than half of Americans couldn’t cover three months of expenses with an emergency fund Fewer than half of Americans do.

Unforeseen events, like an unexpected illness or car repairs, can be costly. Putting your side gig money into an emergency fund can help you weather a financial storm.

3. Putting More Toward Retirement

Retirement is not as far away as you may think, and the sooner you save for it, the more time your money has to grow. Deposit your side gig money directly to your retirement account or take more out of your regular paycheck to ensure you get the match for your employer.

Either way, the more you stash away now, the more you’ll have later. And who knows? With all the extra money you’re saving, you might be able to retire early!

4. Pay Off Debt

Student loans, a mortgage, or a new car all mean you’ve got debts. And while these are “good” debts, you still have to pay them back.

A side gig can help you put more money toward paying them down. And the sooner you get your debts paid off, the sooner you can start putting the money toward something else.

5. Prepare for a Big Event

What life-changing event might be on the horizon? New situations will undoubtedly mean new expenses. But with a side gig, you can manage those expenses.

For example, the average cost of childcare for one child is about $226 per week in a daycare center or $694 per week if you hire a nanny, while the average cost of a wedding is $22,500.

You may have saved enough for a down payment on a house and can manage the mortgage, but you still have to pay for insurance, maintenance, utilities, and more. These costs can really add up and may be far more than you anticipated.

6. Living Your Best Life

While your day job may pay the bills, it may not be enough to provide the “extras” that could bring added joy. With the additional money from a side gig, you can afford to travel to your cousin’s destination wedding or go on that safari you’ve dreamed about since studying Africa in fourth grade. Just as side gigs are flexible, so are the choices of what to do with that higher balance in your bank account!

7. Might Lead to New Things

Your side gig might take your career to places you never thought of.

Side hustles are a great way to grow your network. These new connections may be able to help you in your day job or side job sometime in the future.

And when you work on your side hustle, you’re learning skills (like time management and conflict resolution) you may not get to in your day job. Adding new skills to your career toolkit can help you move up the career ladder, or even into a whole new career.

8. Diversifying Your Income

It’s risky to put control of 100% of your income in the hands of one employer and one manager.

If you have a side business, even a small one, you have more security than someone who relies on one full-time job to take them through to retirement.

People start side businesses every day. They may keep their business small and keep their full-time job, too. Or they may grow their consulting business to become their full-time thing.

9. There’s Room for Everyone

Some independent consultants have decades of experience and some of them only have a few years of experience.

A great thing about independent consulting is that there are clients to match every consultant’s experience and price level. Some clients want to hire a consultant with many years of experience and training. They need that expertise and they have the budget to pay for it.

Some clients want to hire a less experienced consultant at a lower hourly rate.

10. My Big “A-ha!” about Business and Consulting

I was a construction person. When I started I was at the University of San Francisco, a former US Army Special Forces Member, terrified of starting a business. I thought it would be hard and scary. I was afraid a client would ask me a question I didn’t know the answer to.

One day that happened. I graduated from Law School was build a Firemen’s Fund Building in Marin and a client asked me, “What do you know about [some obscure construction law thing].” I said, “I don’t know a thing about that area of law. Why do you ask?”

“No reason,” the client said. “I just heard that term for the first time and I was curious what it meant.”

“I’m going to a construction law event next week,” I said. “I’ll ask around and let you know.”

I provided a huge value to my client by getting the answer to his question. I learned something new myself, too.

Watch for Signs!

You may get a sign that tells you, “It’s time to look into having your own business on the side.”

The signs could be subtle, or loud.

Here are ten signs that you should have a side gig:

1.    You know exactly what you’d do with an extra $1K-$10K per month.

2.    You want to keep your current job.

3.    You’re willing to devote a few hours a week to a second-income project.

4.    You are already pretty good at time management, or you’re ready to get better at it.

5.    You see the benefits of a side business for your credibility, marketability, confidence, business knowledge, network and income.

6.    People have told you, “You’d be a good consultant.”

7.    You like the idea of having your own business and working with clients directly.

8.    You may have thought about growing your side business to become your full-time job.

9.    Or your plan may be to launch your side business now and run it after retirement.

10. You want to explore life outside the corporate and institutional walls.

If this list describes you, someone is trying to tell you something: it’s time to launch your own business!

What to Consider Before You Get a Side Gig

1. Determine if You Can Do It

Juggling two jobs can be rough. After all, having two jobs means twice as many schedules to keep track of, twice as many meetings, and twice as many responsibilities. So before you apply for a second job thinking it sounds fun, really consider if your current career will allow for it.

On the flip side, if your current work schedule differs vastly from day to day, you’re constantly required to stay late at the office, or you’re on call 24/7, fully committing to a second gig may be significantly harder.

2. Even if You Can Do it, Should You?

It’s also important to consider how your physical, emotional, and social well-being would stand up to a second job. Are you completely exhausted when you get home, or do you have energy to spare (enough energy to work another 4-8 hours)? If you had a terrible day at the office, would you be able to put it behind you in order to put forth your best effort in your side gig? Are you OK with sacrificing a few social events to fulfill your new responsibilities?

As intimidating as these questions seem, it’s important to answer them honestly. After all, these factors will significantly impact your motivation and overall performance—and if you can’t get (and stay) motivated, you two-job stint won’t last long. But if you’re committed, it’ll work.

3. Find a Position That Suits You

If you’ve determined a second gig is the right decision for you, the next piece of the puzzle is to actually find one that fits your needs.

As you’re evaluating potential positions, it’s important to determine if and how it will fit into your current role. Are shifts strictly scheduled? Will you need to be on call (and will that affect your current position)? Neither job should have to suffer for you to make time for the other.

Also consider the type of work will you’ll be doing. If you spend all day at your first job at a desk, do you want to spend your evenings doing the same thing? Even if you’re taking on a side gig just to earn some extra cash, it’s a big commitment—so you should enjoy whatever job you choose.

4. Tell Your Current Employer—Or Not

One of the toughest parts about landing a new job was figuring out if I needed to broach the situation with my current employer.

When you reach the point where you have a second job offer on the table, take a look at your current company handbook. Often, employers will outline specific guidelines for employees looking to gain outside employment, and may require anything from written permission from a direct supervisor to approval from the CEO. If this is the case, stick to the rules—you don’t want to risk the consequences of sneaking a second job under the radar.

However, if your company doesn’t have such a policy, the decision is completely up to you. In my case, since my hours at my side job were so flexible, and I knew it wouldn’t conflict with my current gig, I chose to keep my new position to myself.

5. Find Balance

At first, while you’re busy making a good impression on your new employer, you’ll be tempted to skip working out, bail on every social event, and abandon your kitchen in favor of takeout. But if you let your double duty take precedence over everything else in your life, your happiness (and physical well-being) will plummet—fast.

So, it’s important to figure out how to prioritize your life outside of your second job. Maybe you commit to waking up an hour earlier to work out, or dedicate Sunday afternoons to cooking and freezing meals for the week so you can whip up something other than ramen noodles between jobs.

Yes, your side gig is important—but the rest of your life is important, too. So before you dive into the world of dual responsibility, do a little planning, a lot of reflection, and wait for that perfect fit.

Get Your Hustle On

You don’t need a lot of time to start a side gig. A few hours a week may be all it takes. What’s more, lots of side jobs can be done remotely.

May I ask, Do You Know What You Are Truly Worth?

Are you being paid for that? Will it pay off all your bills?

If not, Will an extra 30k-75k, on top of what you currently earn change your life a little bit?

May I also ask, do you want something better?

“For $250,000+/- Annually Will You Build a Proven, High Profit, Low Overhead-Low Start Up, Risk Free, Guaranteed, Unlimited Income, Side Business?” If yes, contact me now. What will your life look like then? Who will you be in six months? https://mksmasterkeycoaching.com/

Conclusion

Making seemingly impossible things happen in any area of your life or business is our specialty. Over 25,000 achievers have now used MKS Master Key Coaching and Systems, the world’s #1 systems, for self or business improvement. We’re grateful for this year and opportunity to serve you.

We hope you’ll deepen your practices of journaling, tracking your habits, setting your goals, and watching inspirational classes with us this year and beyond. 

Let’s make the year extraordinary, together.

Cheering you on, always!

Join a “Year of MKS Master Key Mastery Coaching Programs and Systems”.  We’ll spend the first Mondays of the Week with you taking you through advanced personal growth, business growth, profitability optimization and productivity so you can win this year and every years you are in business.

These are just a few tips to look out for when considering Breaking Through Your Upper Limits.

We personally believe this is the best way forward if you are looking for a Breaking Through Your Upper Limits. This is for people who have a dream or desire to be financially independent and are willing to put in the hard work to do so.

Have a wonderful, safe, and fun week.

So, if you’re ready to get your hustle on, join us at the Reitenbach-Kissinger Institute today.

Thanks for joining me. Hope you are having an excellent day.

Wishing you prosperity and success. Remember You Were Born To Win!!

Michael Kissinger and Sydney Reitenbach

Phone: 650-515-7545

LinkedIn Profile: https://www.linkedin.com/in/michael-kissinger-a66b214/

E-mail: mjkkissinger@yahoo.com

Facebook: https://www.facebook.com/michael.kissinger.35

CONTACT US: [LIFE SUCCESS ASSESSMENT] [READINESS ASSESSMENT] [SERVICES] [ABOUT COACHES]  [FAQs] [FEE RANGE] [COACHING AGREEMENT] [SURVEY] [PRESS RELEASE] Home

Web: https://mksmasterkeycoaching.com

Terms of Use | Testimonials and Results Disclosure | Privacy Policy

© Copyright 2023 –Reitenbach-Kissinger Success Institute – All Rights

Disclaimer

The Reitenbach-Kissinger Success Institute makes no guarantee, makes no promises regarding the outcome of using any of the information on this site or its product or service. The Reitenbach-Kissinger Success Institute is not liable for any damages arising in contract, tort or other wise from the use of or inability to use this site or any material contained in it, or from any action or decision taken as a result of using this site or the information hereon. The information on this site is informational only

The materials on this site comprise the The Reitenbach-Kissinger Success Institute views; they do not constitute legal or other professional advise or guarantee of any kind. You should consult your professional advisor for legal or other advice.

This site offers links to other sites thereby enabling you to leave this site and go directly to the linked site. The The Reitenbach-Kissinger Success Institute is not responsible for their content of any linked site or any link in a linked site. The The Reitenbach-Kissinger Success Institute is not responsible for any transmission received from any linked site. the links are provided to assist visitors to the Reitenbach-Kissinger Success Institute site and the inclusion of a link does not imply that the The Reitenbach-Kissinger Success Institute endorses or has approved the linked site

Are You Paid You What You’re Truly Worth? If NOT, What?

Do You Know What You Are Worth? For $250,000+/- Annually Will You Build this Proven, High Profit, Low Overhead-Low Start Up, Risk Free, Guaranteed, Unlimited Income, Side Business?

How Much Money Do You Want to Earn?

It’s no wonder why life’s biggest decisions feel so exhausting. Questions like, “What do I want from life or financially,” ”Who do I want to be,” and “Where should I live” demand a significant amount of mental energy. You must have a  Richness Of Mind

If you’re not intentional about figuring out what you want in life or financially, it’s easy to fall into survival mode. You become lost, focusing only on what’s in front of you, which leads to frustration and disillusionment. 

Often, if you don’t know what you want, you can become bored and restless with what you’re doing — even if you used to love it. Over time this can increase stress, depression, anxiety and can make you feel like you don’t have control over your life.

Figuring out what you want in life or your finances is important because it gives you purpose, can influence your financial future, and makes life worth living. We’re here to help you decide what you want in life and who you want to be.

How Much Money Americans say, They Need to Make to Feel Rich

Step into a Completely Different World…

Answer Just 7 Questions

[1]: What Makes You Unstoppable? [Health, Happiness, Good Family Relationships, Love, Friends, Harmony, Pleasure, leaving a Legacy, Hope, Peace of Mind, Fulfillment, Meaningful Work, More Time, Wealth, Security, and Freedom]

[2]: If not UNSTOPPABLE, what will?

[3]: What will you give for it?

[4]: When do you want it?

[5]: What is your plan?

[6]: Do you read it daily? We are committed to creating a life or business you love with a satisfaction guarantee.

[7]: Want One or all of the following do you want Now?

  • Feel Rich: In order to feel rich, the majority of Americans said at least $200,000: Yes:___ No: ____
  • Income Security: Yes:___ No: ____
  • Financial Freedom: Yes:___ No: ____
  • Financial Independence: Yes:___ No: ____
  • Royalty Income: Yes:___ No: ____
  • Income diversification: Yes:___ No: ____
  • Helping others: Yes:___ No: ____
  • Name, Fame, Recognition: Yes:___ No: ____
  • Life of Significance: Yes:___ No: ____
  • Peace of Mind: Yes:___ No: ____
  • Foreign Trips: Yes:___ No: ____
  • Extra Income: Yes:___ No: ____
  • Quality Time [Financial Freedom]: Yes:___ No: ____

Tell us what you want and we’ll show you how to get it.

When asked how much money they’d need to earn annually in order to feel rich, the majority of Americans said at least $200,000, according to the recent CNBC Make It: Your Money survey, conducted in partnership with Momentive. Many set their sights even higher.

We helps people get in touch with themselves, their financial futures—who they are, what they’re capable of and what they want in life.

We offer events, programs and products—all based on decades of research, study and proven application—to elevate people’s thoughts and bring their genius to the surface so they improve all areas in their life or business.

We are dedicated to waking the world up so more people can reach their true financial potential and live the way they truly want to live.

  • If you want to earn at lest $250,000 annually or something that’s beyond your reach, dream, dare, and do it with a Reitenbach-Kissinger Institute mentor.
  • If you want something extraordinary like living the life of the rich and famous or—something you have no idea how to do—dream, dare, and do it with an extraordinary Reitenbach-Kissinger Institute mentor.
  • If you want more than incremental improvements in your life each year—if you want a lasting transformation, it’s important to have someone by your side who can take you to places in yourself that you haven’t been able to go by yourself.
  • If you want to Start and Run a Thriving Business that earns at lease $250,000+/- annually…Even If You’ve NEVER Owned a Business or Coached Anyone Before do it with an extraordinary Reitenbach-Kissinger Institute coach or mentor.
  • Review the following to Discover You Can Build this Business for $250,000+/- Annually. The Millionaire Maker Lecture – How To Get Everything You Want Out Of Life

Get a Simple Plan to Earn $250,000+/- Annually

The Andrew Carnegie Success Formula
by Napoleon Hill
Will Help You Get What You Want

The method by which DESIRE for riches can be transmuted into its financial equivalent, consists of six definite, practical steps, viz:

Andrew Carnegie Success Formula

… If you truly DESIRE money so keenly that your desire is an obsession, you will have no difficulty in convincing yourself that you will acquire it.

  1. First. Fix in your mind the exact amount of money you desire. It is not sufficient merely to say “I want plenty of money.”Be definite as to the amount. (There is a psychological reason for definiteness which will be described in a subsequent chapter).
  2. Second. Determine exactly what you intend to give in return for the money you desire. (There is no such reality as “something for nothing.)
  3. Third. Establish a definite date when you intend to possess the money you desire.
  4. Fourth. Create a definite plan for carrying out your desire, and begin at once, whether you are ready or not, to put this plan into action.
  5. Fifth. Write out a clear, concise statement of the amount of money you intend to acquire, name the time limit for its acquisition, state what you intend to give in return for the money, and describe clearly the plan through which you intend to accumulate it.
  6. Sixth. Read your written statement aloud, twice daily, once just before retiring at night, and once after arising in the morning.

AS YOU READ-SEE AND FEEL AND BELIEVE YOURSELF ALREADY IN POSSESSION OF THE MONEY. It is important that you follow the instructions described in these six steps. It is especially important that you observe, and follow the instructions in the sixth paragraph. You may complain that it is impossible for you to “see yourself in possession of money” before you actually have it.

Here is where a BURNING DESIRE will come to your aid. If you truly DESIRE money so keenly that your desire is an obsession, you will have no difficulty in convincing yourself that you will acquire it.

The object is to want money, and to become so determined to have it that you CONVINCE yourself you will have it.

To the uninitiated, who has not been schooled in the working principles of the human mind, these instructions may appear impractical. It may be helpful, to all who fail to recognize the soundness of the six steps, to know that the information they convey, was received from Andrew Carnegie, who began as an ordinary laborer in the steel mills, but managed, despite his humble beginning, to make these principles yield him a fortune of considerably more than one hundred million dollars. Napoleon Hill

The 27 Multi-Millionaires Who Have Made More than $250,000 Annually Building this Business

Today, we want to share our list of the top 27 Diamonds of all time, as we see it. This list will cover both current and former Amway Diamonds, U.S. and foreign, and living and deceased Diamonds covering the 50+ year history of the company.

We have to tell you that putting this list together was lots of fun. It took about 24-hours to research, write and edit this post. We are big fans of Amway.

# 27: Robert and Lois Stonelake

The Stonelake’s helped put Amway on the map. For that reason alone, they made our list. They built a huge organization within Amway and then sold their business in 1985, thinking that Amway was on the downswing. Their (former) downline now has millions of people in it, with leaders such as Jim and Nancy Dornan and Kaoru Nakajima, both successful distributors on this list have earnings of millions of dollars annually.

# 26: Fred and Bernice Hansen

Fred was a successful distributor in Nutrilite with Rich and Jay and helped them launch Amway. Fred and Bernice achieved Crown in 1975. Sadly, Fred died in 1968 and Bernice passed away in 2012. Their business is now managed by their children.

# 25: Donald and Ruth Storms

Don Storms is an Executive Diamond with Amway. He is also an ex-minister, who spent 13 years traveling the country with a gospel quartet, before teaming up with Jim Bakker and becoming a senior vice president at the PTL Club. In 1979, he and wife Ruth started their Amway business. Today, Storms is a real estate developer, in addition to his Amway business, according to MLM Survior.com on July 13, 1999.  Source

# 24: Kenny and Donna Stewart

Kenny Stewart is a former Crown in Amway.  His business had a monster organization with lots of diamonds in it.

# 23: Brig and Lita Hart

If you’ve been in MLM even one day, you’ve heard of Brig Hart.

# 22: Dan and Bunny Williams

Dan and Bunny Williams founded their business in 1966 on the simple strategy of helping others reach whatever goals they wanted to reach.

This strategy, combined with hard work, set the pace for strong growth from the onset. Within three months, their business was earning a profit. The Williamses achieved Diamond in two years, Triple Diamond in five years, and Crown in just 13 years. In 1979 they reached the highest award (at that time) of Crown Ambassador.

Dan is a second-generation Independent Business Owner. “My dad came into the business nine months before we did and went Direct soon after we got involved,” he says. “Both of us were sponsored by my sister Jan and her husband Bill, who served on the Board. Dad sponsored two Platinums in three years, allowing him to retire in Florida at the age of 65. He gave us all a legacy of belief in God, hard work, balance in our lives, and a wild sense of humor.” Bunny Williams passed away on August 13, 2006. Dan Williams passed away on August 9, 2012 in Austin, TX. Source

# 21: Joe and Helyne Victor

This classy couple was one of the early distributors with the company and they helped draft the original sales and marketing plan. They went on to become Crowns. Joe served on the Board of Directors during the early years. Their children and grandchildren are VERY successful in the business.

# 20: Jere and Elieen Dutt

Jere and Eileen Dutt were the first Diamonds within Amway, reaching that milestone in 1964. They were part of Nutrilite with Rich Devos and Jay Van Andel for several years, prior to helping them start Amway. They qualified Crown in 1979 and their business is now run by their grandchildren.

# 19: Robert (Bob) Crisp

Robert Crisp is a former Triple Diamond who built a team of more than 200,000 distributors. He eventually sold his business in 1984 and went on to become an author, speaker and consultant in the network marketing industry. His book “Raising a Giant” is an industry favorite.

# 18: Rick and Sue Setzer

Rick and Sue Lynn Setzer are frontline to Yager Family. They have many huge pins in their downline, including Double Diamonds Hal & Susan Gooch; Bill Childers; Brig Hart. Founders Crown Ambassador Tim Foley. Triple Diamond George and Ruth Halsey. Source

# 17: Robert Angkasa

Robert was an engineer & banker who worked in several companies in Sydney before he was hired by a famous private bank in Indonesia. Getting this job was a major accomplishment for him and what he always wanted. His career moved very fast. His last position before he resigned to run his Amway business full-time (1994) was AVP. He admits that sometimes he doubted his decision to build the Amway business. However, everything changed after he went to a Network 21 function. Now he has a huge business, he made his legacy but he thinks this is just a beginning. Source

When it comes to Amway Indonesia, Robert Angkasa is the ultimate success story. He is currently a Crown in Amway and participates in the Network 21 line of sponsorship.

# 16: Ron and Georgia Lee Puryear

The Puryear’s are the leaders of the World Wide Dream Builders. They went Diamond in 1976 and Founders Crown in 2004. They have more than 500 Diamonds in their downline organization. Most of those Diamonds are in Korea and are part of Leonard and Esther Kim’s organization. Sadly, Ron passed away in 2016.

# 15: Jody and Kathy Victor

This couple was second generation successes in Amway and their son is currently in the business as a Platinum. They went Crown in 1981 and have a big business throughout the world. They are the leaders of the MMP line of sponsorship and they have distributors in the US, Canada, New Zealand, and Greece.

# 14: John and Jennie Belle Crowe

This couple joined Amway in 1973 and went Diamond in 1979. They went Founder’s Crown in 2013 and are the leaders of the UR Association. For a long time they were part of Britt World Wide, but they decided to form their own Amway Motivation Organization (UR Association) in 2007.

# 13: Mark Lei and Peggy Yeh

The couple joined the business in 1983 and they have a huge organization. They are based out of Taiwan. They are Founder’s Crown Ambassador 40 FAA Points as of 2004. Their business spans China, Taiwan, Philippines and Singapore. They participate in the CRADOR line of sponsorship.

# 12: Mitch and Diedre Sala

The Sala’s started their Amway business in Australia in 1982. They went Diamond in 1990 and Founder’s Crown Ambassador in 2006. They were the first Crowns in Amway Australia and they really put Amway on the map in Australia. They struggled with their business for the first year or two, but finally figured things out and now have a team that spans the globe.

# 11: Charlie & Elsie Marsh

Charlie and Elsie Marsh joined Amway in 1964. They were the first Triple Diamonds and Crowns in Amway. Prior to joining Amway, Charlie was a police officer in upstate New York. They have more than 1,000 Diamonds in their business, including Dexter Yager. Sadly, Charlie passed away in 2010.

# 10: Tim Foley

Thomas David “Tim” Foley (born January 22, 1948) is a former American football player.

Foley starred at Loyola Academy in Wilmette, Illinois before moving on to Purdue University, where he received All-American honors as a defensive back in 1969. He then played 11 seasons (1970–1980), all of which were with the Miami Dolphins of the National Football League. He was named to the Pro Bowl in 1979.

He was an analyst for TBS College Football as well as Miami Dolphins preseason. Since 1981, Foley has been an Amway Independent Business Owner. He has achieved the prestigious level of Founders Crown Ambassador. Source Tim is the leader of efinity, an Amway Motivational Organization.

# 9: Leonard and Esther Kim

Leonard and Esther Kim joined the Amway business in 1990. In 2001, they broke more than 100 new Diamonds in their organization, in just one year. They do business in Korea and participate in the World Wide Dream Builders Korea line of sponsorship. They are Founders Crown Ambassadors with 40 FAA points.

# 8: Kaoru Nakijama

Kaoru Nakajima built Amway Japan! He is a Double Crown Ambassador with 50 FAA points. He leads the Heckel organization and his team is located mostly in Japan and the United Kingdom. He joined Amway in 1982 and was the first Double Crown Ambassador in the world. He is still very active in the business.

To put things in perspective. To qualify as a Double Crown Ambassador a qualified Platinum must have 40 legs qualify at the Silver Producer level for at least 6 months within the Amway Performance Year. Source

# 7: Peter and Eva Muller-Meerkatz

This couple has/had 28 Diamonds on their first level. That is amazing! They are currently FAA 50 Crown Ambassadors with Amway. They joined the business in 1976, hit Diamond in 1977 and Crown in 1978. As of 2012 their team has more than 500 Diamonds and 750,000 people in it. They are based out of Germany.

The Founders Achievement Awards (FAA) were developed to recognize and reward the worldwide business contributions of top IBOs. Since 1991, these annual discretionary cash awards have been presented to IBOs who demonstrate extraordinary business development and exhibit high ethical and business standards. Source

bill britt quote

# 6: Bill Britt

Bill and Peggy Britt had a huge team and Bill was extremely passionate about Amway, freedom, and entrepreneurship. He is the founder of Britt World Wide.

Bill Britt has more than 1.5 million distributors in his downline! He and Peggy were Founder’s Crown Ambassadors with 40 FAA points. Sadly, Bill Britt passed away in January 2013.

# 5: Jim and Nancy Dornan

Jim is the pioneer of Network Twentyone, a line of sponsorship within Amway. Jim and Nancy have an Amway business that spans the globe, in countries such as the U.S., Canada, China, Sweden, India, Turkey and much more. Jim and Nancy Dornan are Founder’s Crown Ambassadors with 55 FAA points. Sadly, Jim passed away in 2013, after a long battle with cancer.

Network Twentyone, is a training and support organization for distributors working with the Amway business. It was founded in 1990 by Jim and Nancy Dornan, distributors with Amway, originally to support their Amway network in the United States and Australia. 

Network Twentyone provides complete “turnkey business support solutions” for Amway Independent Business Owners from meetings and function production including education, recognition and motivation to web applications and multi-media products designed to aid you in building a profitable Amway business. Source

# 4: Max Schwarz

Max joined Amway in 1977 and rose through the ranks quickly. He hit the Crown Ambassador rank in less than five years. He is currently a Founders Crown FAA 60, making him one of the most successful distributors in the company. His downline is located in Europe, in countries such as Germany, Hungary, Austria, Italy, Russia, Poland and Czechoslovakia. He is the leader of the Schwarz Organization.

To qualify as a Crown Ambassador a qualified Platinum must have 20 legs (3 must be in market), each of which qualifies at the Silver Producer level for at least 6 months of the fiscal year or attain Diamond qualification for 6 months of the fiscal year (6 legs must be in market), and generate at least 27 FAA credits during the fiscal year. Source

# 3: Foo Howe Kean and Shu Chen

This couple is at the top ranks of Amway in many different markets. They have over 800 downline Diamonds and 30 Crown Ambassadors in their downline. They participate in the Crador line of sponsorship and they have a large business presence in China, Malaysia, Taiwan, Indonesia, Australia, Philippines, Korea, Vietnam, and the United States. According to some reports online, they are within the top 20 earners in the ENTIRE MLM Industry.

# 2: Dexter Yager

Dexter Yager his wife Birdie joined Amway in 1964 and built quite perhaps the largest organization within Amway. They are the leaders and founders of the InterNET line of sponsorship.

Their business spans the globe and does business primarily in the U.S., Canada, India, Colombia, Mexico and Guatemala. Dexter is pretty much the founder of the “systems” within Amway. Currently, they are Founder’s Crown Ambassadors with 65 FAA points.

Many people outside of the Amway business, including myself, consider Dexter Yager the GODFATHER of MLM. Sadly, Dexter passed away in January 2019.

When the Dream is Big Enough, the Facts Don’t Count. ~ Dexter Yager

# 1: Barry Chi and Holly Chen

This couple built a dynasty in Amway. They joined the business in 1982. They have the biggest team on this list. They have more than 2,000 Diamonds in their organization and well over one million distributors. They were the second Double Crown Ambassadors in the world.

They are leaders of the Plum Blossom line of sponsorship. Their business spans the globe and they are Founder’s Crown Ambassadors with 77 FAA points. Their two sons are also Diamonds with Amway.

Top 100 Earners Who Built this Business

Network marketing or Multi-level marketing is considered to be one of the best ways to market and popularize a product. This method is gaining popularity with its proven network marketing statistics and success stories of network marketing legends.

Here the business roots are by means of human connections and relationships – therefore the business grows as the network spreads. Many in the world have already proven this as the best strategy and earned a fortune out of their business. Epixel MLM Solutions have done the research from the available resources and come up with this list of top 100 earners in multi-level marketing and their net worth.

Earners & top network marketers on this list had amazing leadership skills, connecting people, incredible vision, and it changed their lives as well as their network. They ensured that they followed the network marketing success tips and strategies for a successful business and earned large benefits and profits.

Here is a list of top earners in direct selling business with their annual income as well as their lifetime earnings. We love sharing it for our readers and who knows someone will get inspired from the highest earner list and joins the business to find their spot in the list. Top 100 MLM Earners in Network Marketing for 2023 – Richest Network Marketers

10 Most Powerful Women Who Built this Business

Since the start of the network marketing industry, women have been involved naturally. Women in Network Marketing make up 75 % of its network worldwide. Women are driven for a variety of reasons to work for network marketing or multi-level marketing companies.

Top female network marketers are big names in the world’s list of most successful entrepreneurs. 10 Most Powerful Women in Network Marketing Business are listed herein.

Get A Mentoring-Coaching Plan With the Reitenbach-Kissinger Institute so You Earn $250,000+/- Annually in this Business

Making seemingly impossible things happen in any area of your life or business is our specialty, and we have a proven process that goes against much of what you’ve learned about manifestation and goal achievement in the past.

What if we were your mentors or coaches?
What if we were your Running Buddy?

We can be…Every week, On-Line and LIVE,
as your Mentors and Coaches!

The program includes:

  • On-Line Zoom Meeting Coaching and Mentoring
  • Zoom or Live weekly hot-seat coaching calls hosted by Michael Kissinger
  • Private and Personal Coaching and Facebook group for questions & encouragement
  • Ongoing access to your online training material

Next-Level Support System for Leaders Who Want to Grow

Leaders from ALL professions will benefit from Reitenbach-Kissinger Institute’s Monthly Mentorship Coaching Community. This online community is here to keep you focused, inspired and engaged on your IBO leadership path.

If you’ve completed one of our other programs and are wondering, “What’s next?” this is it!

What You’ll Receive Each Month

During these hot-seat coaching calls, hosted on Zoom each Monday at 5PM PST/8PM EST, we will give coaching on whatever your or your group is stuck on.

Experiencing emotional barriers? Having trouble encouraging your team? Not feeling authentic in your interactions?

We will bring the clarity you need. Raise your hand to get in the “hot seat” during the call or submit your question ahead of time. (Can’t make the LIVE call? No worries – it will be posted in the online training portal.)

Exclusive Community Training

Have you gone through one of our other programs? This program lets you keep access to your online training material so you can go back and review whenever you want. You’ll also have access to the mentorship recording library, where we’ll archive all the live calls.

Join the Monthly Mentorship Community Today

We love helping leaders get ON FIRE about their businesses and dreams. We’ve invested hundreds of thousands of dollars in our own coaching over the past 35 years, and you can tap into his treasure chest of wisdom for less than the cost of a cup of tea a day.

The Reitenbach-Kissinger Institute will share a blueprint that could take your life or your business to the next level – like moving from 6 figures to 7 – or even from 7 to 8+.

The truth is most business owners are navigating their businesses without a map to support their ultimate purpose and outcomes.

Training Areas so You to Earn $250,000+/- Annually in this Business with Us

  • Financial Development and Management – Are your financial decisions driving growth? Understanding your cash flow is key. Are you earning as much as you desire.
  • Marketing – Prospecting:  Is your marketing, contacting and presenting engaging the right audience? Fine tuning your attitude and message can result in more leads, more clients and more income..
  • Duplication-Sales–Showing the Plan: Are your sales strategies delivering the results you need? Perhaps it’s time for a new approach. Maybe you need to recruit more people, develop and keep more clients.
  • Getting Started Techniques: Have you properly started your new people or the clients you have enrolled? Perhaps it’s time for a new approach.
  • Customer Service – Retention:  Are your customers becoming repeat clients? Exceptional service turns one-time buyers into loyal patrons. Especially if you are promoting the Ditto Program.
  • Competitive Pressure – Are you staying ahead of the competition? Innovation and adaptability are your secret weapons that will bring you more new IBOS and clients.
  • Economic Environment – Are you prepared to navigate through the ebbs and flows of the economy? Staying informed of economic trends is crucial. Knowing which professions or people know what you have to offer will help you optimize your business.
  • Systems, Infrastructure & Operations – Is your IBO operational framework operating at peak efficiency? If not, it’s time to streamline, scale up and follow the Network 21 System.

Take a close look at your business in these areas. Be brutally honest. Where are you excelling, and where can you improve? Then identify one area that needs the most attention. Imagine the possibilities if you turned that weakness into strength.

That’s your mission. Taking this step will help propel your life or business forward to where you want it to go. Remember, growth isn’t a sprint – it’s a marathon. Every decision and every action matters. Let’s keep your momentum going strong!

Meet and Join Your Lead Coach Who will Help You Earn $250,000+/- Annually in this Business

Michael Kissinger

Michael has been a full-time business development expert, sales leader, coach, and company owner since 1990. He Helps and Empower CEOs, Business Owners, Entrepreneurs & US Veterans Become UNSTOPPABLE in Business or Life or Career. I am a Coach ★Strategist ★Expert ★Author ★Helping 10K+ Businesses Solve Problems.

Over 25,000,000 achievers have now used MKS Master Key Programs and Systems and Coaching. The world’s #1 systems, for personal or business improvement.  Comes with a Risk Free Guarantee.

Personal Development: NEW TO THE CHANNEL START HERE

We’re grateful for this opportunity to serve you.

Join the Reitenbach-Kissinger Institute and a “Year of MKS Master Key Mastery Coaching Programs and Systems” that help you earn $250,000+/- Annually.

  Wishing you and yours a wonderful New Year! We hope you’ll deepen your practices of journaling, tracking your habits, setting your goals, and watching inspirational classes with us this year and beyond.  Here’s to your extraordinary success. Let’s make the year extraordinary, together.

We’ll spend the first Mondays of the Week with you taking you through advanced personal growth, business growth, profitability optimization and productivity so you can win this year and every years you are in business.

These are just a few tips to look out for when considering Breaking Through Your Upper Limits.

We personally believe this is the best way forward if you are looking for a Breaking Through Your Upper Limits. This is for people who have a dream or desire to be financially independent and are willing to put in the hard work to do so.

Wishing you prosperity and success. Remember You Were Born To Win!!

Michael Kissinger and Sydney Reitenbach

Phone: 650-515-7545

LinkedIn Profile: https://www.linkedin.com/in/michael-kissinger-a66b214/

E-mail: mjkkissinger@yahoo.com

Facebook: https://www.facebook.com/michael.kissinger.35

CONTACT US: [LIFE SUCCESS ASSESSMENT] [READINESS ASSESSMENT] [SERVICES] [ABOUT COACHES]  [FAQs] [FEE RANGE] [COACHING AGREEMENT] [SURVEY] [PRESS RELEASE] Home

Web: https://mksmasterkeycoaching.com

Terms of Use | Testimonials and Results Disclosure | Privacy Policy

© Copyright 2023 –Reitenbach-Kissinger Success Institute – All Rights

Disclaimer

The Reitenbach-Kissinger Success Institute makes no guarantee, makes no promises regarding the outcome of using any of the information on this site or its product or service. The Reitenbach-Kissinger Success Institute is not liable for any damages arising in contract, tort or other wise from the use of or inability to use this site or any material contained in it, or from any action or decision taken as a result of using this site or the information hereon. The information on this site is informational only

The materials on this site comprise the The Reitenbach-Kissinger Success Institute views; they do not constitute legal or other professional advise or guarantee of any kind. You should consult your professional advisor for legal or other advice.

This site offers links to other sites thereby enabling you to leave this site and go directly to the linked site. The The Reitenbach-Kissinger Success Institute is not responsible for their content of any linked site or any link in a linked site. The The Reitenbach-Kissinger Success Institute is not responsible for any transmission received from any linked site. the links are provided to assist visitors to the Reitenbach-Kissinger Success Institute site and the inclusion of a link does not imply that the The Reitenbach-Kissinger Success Institute endorses or has approved the linked site