Posted 2 years ago on Aug. 5, 2013, 8:07 p.m. EST by Kavatz
from Edmonton, AB
This content is user submitted and not an official statement
Use this thread to discuss the Top Account, what should be done with the money in it, how money should go into it, and any ideas you have.
Currently, this is how the whole system works:
Someone came to my door and I paid $30 to get started.
I went to other homes and collected wages plus signed a bunch of new people up.
At the end of the month, I paid my dues. I collected 5% of the total income of everyone I signed up. I added that to my collected wages. I paid 5% of my total income up to the person who signed me up.
My money went upstream until it got to the first person above me making $200K/year.
If the first person above me making $200K already reached that, my contribution (or whatever amount actually makes it there) is redirected to the Top Account.
No owner can earn over $200K/year from this business.
So, what to do with the funds in the Top Account?
Operating costs (legal, accounting, software, other systems, etc.)
Focus Projects (whatever owners decide is most critical with best value)
Bonuses to members (recognizing hard workers)
As a WSDE, we decide how the money is made and what to do with it. We are the board of directors.