How do I know how much I've earned at any particular time? NOTE: With our system, it is impossible to calculate your income earned until the month has ended. This is due to the fact that the nature of the infinity funds, being shared funds, can vary greatly from day to day. One day, your share may be $500 from a particular fund/bonus. The next day it could be less.
Following is an example, wherein we use easily calculable figures for ease of explanation... (The following figures are purely hypothetical and not meant to predict any particular income that you may earn)
Lets say that on the 15th of a particular month, the Eagle Bonus contained a total of $5,000 dollars for equal distribution to the qualifying members. Let us also assume that there were 10 people who qualified. That would mean that on that date your share was 1 tenth of $5,000 for a total of $500. If in the following 2 weeks the number of qualifying people increased to 25, but the fund amount had only increased to $7,500, that would mean that by the end of the month your share would have ended up being 1/25 of $7,500 for a total of $300.
Not only is constantly determining the amounts of these hugely fluctuating commissions extremely difficult but in many ways counter productive and even destructive. For example, lets say that according to the point submissions, the back office stated that on a particular date, a member is owed, $300. He goes out and writes a check... "knowing" that he has a substantial check coming soon. Then when all submissions are totaled and screened for duplicates and potentially fabricated entries, he receives a check for $50 and has 4 checks bounce in succession and accumulates $100 in Overdraft Fees.
Due to these and other possible scenarios, we have come to the conclusion that the posting of figures that are by their very nature effectively meaningless, unreliable and potentially deceptive will not be done due to the substantial possibility of counter productive results for all concerned.
How do I know how much I've earned at any particular time?
ReplyDeleteNOTE:
With our system, it is impossible to calculate your income earned until the month has ended. This is due to the fact that the nature of the infinity funds, being shared funds, can vary greatly from day to day. One day, your share may be $500 from a particular fund/bonus. The next day it could be less.
Following is an example, wherein we use easily calculable figures for ease of explanation...
(The following figures are purely hypothetical and not meant to predict any particular income that you may earn)
Lets say that on the 15th of a particular month, the Eagle Bonus contained a total of $5,000 dollars for equal distribution to the qualifying members. Let us also assume that there were 10 people who qualified. That would mean that on that date your share was 1 tenth of $5,000 for a total of $500. If in the following 2 weeks the number of qualifying people increased to 25, but the fund amount had only increased to $7,500, that would mean that by the end of the month your share would have ended up being 1/25 of $7,500 for a total of $300.
Not only is constantly determining the amounts of these hugely fluctuating commissions extremely difficult but in many ways counter productive and even destructive. For example, lets say that according to the point submissions, the back office stated that on a particular date, a member is owed, $300. He goes out and writes a check... "knowing" that he has a substantial check coming soon. Then when all submissions are totaled and screened for duplicates and potentially fabricated entries, he receives a check for $50 and has 4 checks bounce in succession and accumulates $100 in Overdraft Fees.
Due to these and other possible scenarios, we have come to the conclusion that the posting of figures that are by their very nature effectively meaningless, unreliable and potentially deceptive will not be done due to the substantial possibility of counter productive results for all concerned.