Hi. New here. Noticed that a
post on my blog had been quoted here so I thought I'd toss in a couple of comments.
Storch, you mention Bonus Checks. Those are virtually worthless. Ask for a copy of a Schedule C tax return. This shows a profit/loss and is a better indication of Net income. A copy of a check means nothing without showing what was spent to get that check.
Be prepared to work your arse off for one year expecting zero financial results.
By Quixtar's own admission (see my linked post) on the SA-4400, many can expect a loss in the first few years of operation, which is different than a zero gain in one year. In fact, there are many tax cases pointing out that many IBOs generally lose money year after year so that their business doesn't even qualify for tax write-offs.
If you can help fifteen people attain an income level that they are comfortable with you will never need to balance your checkbook again.
The truth of that statement is debatable. You wouldn't be making any generalized income claims would you? Did you get Ken McDonald's recent email reminding all IBOs of the rules? Actually, there is compelling evidence that even those at the Diamond level must work extremely hard AND supplement their Quixtar bonuse money with Motivational (aka Tool money) in order to come close to the lifestyle you describe.
By the way, what group are you in? If you've already revealed that then I apologize for missing it. Also, I should let you know that I'm forwarding a copy of your income comments to the Quixtar Rules Administration at
qbcr.department@quixtar.com . There is no malice intended at all but I feel I should let you know exactly what I'm doing and I'm sure that if you're in compliance you have nothing to worry about.