What is a good financial budget to start with for SFI?

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5451 votes
Manohar Lal, Aff (India) Top Author Forum Guru 6/19/2015 12:17 am
Affiliate since: 12/18/2011, Power Rank: 63 | Read Manohar's 240 other Ask SC answers
Hello William

Any financial budget is good to start with SFI as explained below:

OPTION 1 - FREE:

It is a myth that you need a budget to start your SFI business. As we know Time equals Money. That means if you do not have money to invest in SFI, you would require more time to invest and build your SFI business. You need more free advertising daily. Advertise of FREE safe lists daily. Also use traffic exchanges to rotate your gateways on Traffic Exchanges free every
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5449 votes
Kay Byers, EA (Michigan, US) Top Author Forum Guru 6/20/2015 11:33 pm
Affiliate since: 10/26/2010, Power Rank: 272 | Read Kay's 289 other Ask SC answers
When you are just beginning to start doing SFI , once you have belief in it's plan and system, you should set the goal of quickly becoming an EA and holding that position each month until you move up to BTL.

The quickest and easiest way, for many people, is to make a plan for earning a steady 1500+ VP and for providing some form of advertising. This will require spending money and you are wise to set a financial budget to do that. And then keep to that budget, don't go over and don't
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5445 votes
, () Top Author Forum Guru 6/22/2015 3:35 pm
Affiliate since: 12/31/1969, Power Rank: 99999999
A good financial budget for SFI depends on your financial situation. Regardless of your situation investing in the first month is often followed by despair when the person discovers how small the return is on VP earned. Therefore: here is my recommendations.

1. First month place a standing order. My preference is for one hundred Tcredits. You don't need to invest any more. Go to Tripleclicks and help them set up their transfer buying items and purchase them to increase their first months
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5441 votes
John Ryan, EA (Australia) Top Author Forum Guru 6/15/2015 6:57 pm
Affiliate since: 04/10/2014, Power Rank: 164 | Read John's 41 other Ask SC answers
If you want a good start with SFI, I think you need the ability to afford an investment of $80 - $100 a month. $36.25 on a Standing Order gets you 125 TCredits, 1500 SVP and 100 bonus AVP. a further $44.00 a month gets you 2 shares in the S-Builder Coop for another 560 VP.

With that you only need another 1000 Action VP a month to get to BTL, and by doing Daily, Weekly and Monthly actions, over a full month, you would need less than 400 AVP over the rest of the month to qualify as and retain
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5437 votes
VIVEK KUMAR A FAUZDAR, Aff (India) Top Author Forum Guru 6/17/2015 11:54 pm
Affiliate since: 11/14/2014, Power Rank: 99999999 | Read VIVEK KUMAR A's 129 other Ask SC answers
Budget is a tool that helps you manage your financial expenses over a period of time.

Factors that are prominent to construct a budget are:
1. Your aspirations or what you want to do?
2. Your priorities determine how and when you allocate your funds for a certain goal?
3. Third and most important factor is your financial capacity towards a particular goal.

On the basis of these parameters let us see how we arrive at a good financial budget for SFI.

Your
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5406 votes
Osaro Odiase, Aff (Ireland) Top Author Forum Guru 6/22/2015 5:44 pm
Affiliate since: 08/29/2023, Power Rank: 99999999 | Read Osaro's 206 other Ask SC answers
A budget is as good as how much you can afford and your strategic objectives because as you may know, you are not required to spend anything her unless you want to, which is why I said it is as good as you can afford. This means there is no budget too big especially if you came with some experience and can get off to a big start. Conversely, you may just need to budget for at least a minimum of 1500 VP standing order may be from your second month, but ensure you have learnt and received pertinent
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5384 votes
Olufolake Stephen Adams, Aff (Nigeria) Top Author Forum Guru 6/20/2015 5:22 pm
Affiliate since: 06/09/2014, Power Rank: 99999999 | Read Olufolake 's 206 other Ask SC answers
Hi William
My answer to you will be the New Member Pack that costs $20. Why is this so is because it is not how you begin that matters but how you end.
The purpose of your NMP is to start you off on a good start. Through the NMP,
1. you are able to qualify as a silver fast tracker and it comes with all its benefits.
2. You begin building a team of CSAs that enables you to make profit in your investment through their purchases.
3. It makes you to become an EA faster reserving
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5374 votes
Mar Fajardo, EA (Ontario, CA) Top Author Forum Guru 6/19/2015 5:35 pm
Affiliate since: 05/03/2002, Power Rank: 45 | Read Mar's 582 other Ask SC answers
When thinking about a good financial budget to start with for your SFI business, you need to look at the core business principles of SFI. SFI BASICS provide a solid foundation for your SFI business. As you maintain and abide on your SFI business foundation, you’ll be able to establish a good financial budget for growing your SFI business.

As a SFI business owner, you need to ensure the growth and momentum of your SFI business by following these important steps:

1. Become and
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5374 votes
Bob Moore, Aff (California, US) Top Author Forum Guru 6/22/2015 8:25 pm
Affiliate since: 01/05/2011, Power Rank: 37 | Read Bob's 135 other Ask SC answers
I am sure you will receive a wide variety of answers to your question.

The bottom line is your budget will be dictated by your financial capabilities.
My primary recommendation is to put yourself in a continuous Executive
Affiliate Status. This will require 1500 VersaPoints.

This can easily done with doing your Daily Actions, each day.
And, by purchasing 100 TCredits on a Standing Order.
This will put you over the minimum of 1500 VP, easily.
Cost $29.00
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5363 votes
Andrew Anderson, Aff (Arizona, US) Top Author Forum Guru 6/17/2015 3:41 pm
Affiliate since: 04/13/2012, Power Rank: 783 | Read Andrew's 330 other Ask SC answers
I won't answer a dollar amount because each of us has different means and ability but I will say that the best budget is every penny you are willing to sacrifice.

A business grows on sacrifice. If you are willing to take risk, willing to give up the little things to put more money into your business, and can turn every task or expense into an opportunity to save and invest you will see a much higher return on investment.

To say I wont spend more than $100 a month means your
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