She spent thousands of her own savings to buy inventory, attend workshops, etc.
Since then, its taken over our lives.
Ive tried to be supportive because she wanted a career change.
Trying to climb out of debt? Here are50 ways to bring in extra money this month.
But Im at my wits end.
Were continuing to lose money and go into debt.
Do you have any advice for us?
But being part of the MLM has become your wifes identity.
So youre not just asking her to walk away from a bad job.
For readers who arent familiar with MLMs: MLM stands for multilevel marketing.
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Technically, it’s possible for you to make money by selling products.
But the real money is usually in recruiting other distributors and earning commission on their sales, too.
Most people arent making money off these opportunities, though.
Of the few who did profit, 53% reported earning $5,000 or less.
Obviously, I dont need to convince you that your wife needs to walk away from this sketchy business.
But convincing your wife to give it up will be hard.
Id suggest trying to keep things as objective as possible and ask your wife to create a budget together.
That budget should include paying off the $4,000 credit card balance and not accruing any new debt.
7 Ways to Make Money if You Hate People
Do you avoid people too?
Enough small talk.Here are some waysto earn extra cash, without all of the social stuff.
No more taking on credit card debt or digging into savings to buy more inventory.
You say your wife was seeking a new job in part because of child care costs.
MLMs usually post these statements on their websites for legal reasons.
Robin Hartill is a certified financial planner and a senior writer at The Penny Hoarder.
Send your tricky money questions to[email protected].
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