Saturday, February 22, 2014

Multiplying Effect works in Primerica

I found this article on Yahoo today. Primerica offers an opportunity where you can build a business and then let it grow on its own with or without you. That to me is financial freedom. No more worries about money because your business will keep generating income. To achieve this, you really have to work hard in the beginning and have patience.

Want to Make More Money? Understand the Multiplying Effect.

How much money do you want to make every year? If you haven’t seriously asked yourself that, you should. Why wouldn’t you? It’s a very easy question to answer. And until you’ve really thought about it, it’s impossible to determine how you’re going to get there.
When I was in my early twenties, my father sat me down and asked me that same question, point blank. The advice he gave me after fundamentally changed the way I thought about work and led me to my current career.
I told him I wanted to make $100,000 a year. At the time, I thought that was a lot of money. You’ll work for about another 30 years, he told me. So how much money would I make in my lifetime? I did the math: $3 million.
He asked, was I happy with that amount? If I wasn’t, what was I going to do about it?
My father was a smart man. Three million didn’t seem like a lot of money over 30 years, given taxes and living expenses. The math didn’t add up: Life is short, and it didn’t seem like enough for a lifetime of work. When I looked at the last paycheck I had received, I wasn’t happy.
My father told me the only way to create wealth was to find a business opportunity that had a multiplying effect and that didn’t require my presence. It took me some time to figure out what that meant. The latter part was easy enough. He explained, “A doctor can only help so many people in a day and in a year. A lawyer can only try so many cases.” To create great wealth, I needed to find something that didn’t require my hands or my presence. Fair enough.
The second was trickier: What did having a multiplying effect mean? He told me that I needed to piggyback on or create something that would be used over and over again -- that people never stopped needing. In other words, he explained to me the idea of collecting a royalty. That made sense to me. And it’s what spurred me to start licensing my ideas.
Today, there are many examples of businesses that share these qualities. App developers, for one. Franchises are another. And of course, there are countless examples of more traditional methods, like the stock market, bonds and real estate. 
For me, the concept of the multiplying effect was tremendously attractive. Some people derive pleasure and contentment from being masters of their craft, from working day in and day out with their hands. That’s not me. I wanted to make money and I wanted to be able to do new things, to constantly challenge myself in new ways.
How much money do you want to make? How are you going to make it? Finding my multiplying effect -- writing a book, offering a course and licensing my ideas -- has allowed me to live where I want, have people working for me elsewhere and be my own boss. It is incredibly freeing. It works for me.
I’m not saying it’s for everyone. But I want you to critically ask yourself how much you want to make. And do the math.
The author is an Entrepreneur contributor. The opinions expressed are those of the writer.

Monday, May 27, 2013

Primerica opens new headquarters

On May 20, 2013, Primerica open their new headquarters building, which is about 365,000 square feet. It is the largest single office space in Gwinnett County, Georgia. Previously, Primerica had 10 separate buildings that had 1 million square feet of office space. Now all 1600 employees can work together under one roof.

The Governor of Georgia, Nathan Deal, was there for the ribbon cutting. He says, "the accomplishments of the financial services marketing company are a great example for other businesses. In addition to bringing jobs, it also brings economic help to our state and to this local community."

Primerica has had it's headquarters in Gwinnett County since 1985 and is the county's fourth-largest private employer.

Saturday, August 25, 2012

Primerica on Fox News

Primerica is an amazing opportunity if you take advantage of it.

Tuesday, August 14, 2012

Primerica sales grow strong

New article from Reuters:

(Reuters) - Life insurer Primerica Inc's (PRI.N) quarterly profit rose 23 percent and came in above Street estimates on strong sales at its term-life insurance segment.
Net income for the company, which was spun off from Citigroup Inc (C.N), rose to $46.2 million, or 73 cents per share, for the second quarter, from $37.6 million, or 49 cents per share, a year earlier.
Operating income, a key measure of profitability for insurance companies as it excludes investment gains and losses, was 71 cents per share.
Analysts on average expected Primerica to earn 65 cents per share, according to Thomson Reuters I/B/E/S.
The company, which has been buying back shares from large stakeholders to have greater control over its operations, also authorized a share buyback program of up to $75 million.
Term-life insurance sales rose 24 percent to $162.7 million, while operating income at the segment was up 44 percent to $51.7 million.
Shares of the company closed at $27.17 on Tuesday on the New York Stock Exchange.
(Reporting by Aman Shah in Bangalore; Editing by Sriraj Kalluvila)

Sunday, October 30, 2011

Which company has the most million dollar earners?

The answer is simple: Primerica Financial Services.

Don't believe it? Do your research and you won't find any other company with people earning 7 figure income every year. Primerica has a proven track record of success. You will be a fool to not look at the business opportunity.

Not only does Primerica has the 7 figure income earners, it also has the most 6 figure income earners as well.

Monday, September 5, 2011

Long live Bob Safford Sr.

Yesterday, Bob Safford has passed away at age of 77. I barely knew him, but I seen him do training couple times for the Keith Otto Hierarchy. The things he taught has greatly improve my business. He taught the 3rd party referral system. The last time I saw him do training was probably in 2008 in Bushkill, PA.

I remember he was the most excited and energetic person I ever met, especially for his age. I don't remember his entire history. I know he grew up poor above some bar when he was a child. I think he served in the military. Then he built a very successful insurance company. Then he joined Primerica long time ago (I think it was in the early 1980s) and built an amazing business.