In this series we will be highlighting burgeoning entrepreneurs in the modern era. These are folks who have taken the risk of quitting or working double to quit their conventional jobs in pursuit of their passions. This is a difficult road that many never find the courage to venture upon, but the rewards are so worth it, and as you know, no risk, no reward, know risk, know reward.

This episode highlights Derrick Casey. If you've never thought that making money online was real, Derrick will change your mind really quickly. Derrick is a proverbial paradigm shifter with a goal of helping as many people as he can use their talents, and their skills, coupled with his knowledge of online marketing to develop new streams of income and secure financial freedom. Glowing with enthusiasm and passion, read on to learn how Derrick is building new and innovative income streams for himself and others.

Tell Me A Little More About What You Do And How You Got Into It

I am an online marketing consultant, mentor and motivator. I simply teach people how to create an additional income online. There's a lot of misconceptions when it comes to network marketing and direct sales. It's not something that you see or hear of everyday. So the perception is that this industry isn't real or it's a pyramid scheme or a scam. Although there are some pretty crazy stories of companies who fall under this category. It doesn't mean that the whole industry is tarnished. And I am determined to show people that what people get paid to do online. We've been doing for free for many years. I've always known about network marketing and I've tried a couple things that didn't work out for me. It wasn't until me and my family moved to Dallas, TX that network marketing became a big part of my life. I began to connect with people who were just like me. Tired of working hard every day. Living paycheck to paycheck just to pay bills. And I started to see more and more people working less hours, making more money, and being able to spend more time with their families. Which sounded way better than working 40 plus hours a week, being stuck in traffic, and living paycheck to paycheck.

Do you Remember Your First Day? What Were You Feeling?

I felt super excited, anxious, nervous. Just full of emotions because I didn't know what to expect. But I knew I wanted the lifestyle of the people that I was surrounded with now. I remember just staring at my computer when I first received my information. And all I could do was smile because I knew I was doing something that could absolutely change my family's life for the better. Then I was invited to my first event. And from that moment on I knew that I wanted to learn more, earn more, and teach others how to gain financial freedom.

What Were You Doing Before? Why Made You Want To Try Something New?

I'm still working a full-time job. In sales, of course. I love what I do, the people I work with and the company I represent. However, I totally understand that these JOBS are not guaranteed. And I am taking a huge risk if my only source of income is from my job. Because what would I do if they were to let me go tomorrow. How would I provide for my family? And this very thing happened to me not too long ago. My job was redoing their budget and decided to let me and many others go just to save money. They didn't care about how I was going to provide for my family. However, due to learning how to generate an additional income online while working my full-time job. I was still able to provide for my family while searching for a new job.

How Do You Balance Your Time?

Working a full-time job, taking care of my 4 beautiful children and wife while running an online business can get a little crazy at times. But I am able to manage. On my way to work, I am always listening to motivational speakers to start my day off right. From Tony Robbins to John C Maxwell. Great way to start the day. I work my typical 9-5 shift. While on my drive home, I am listening to something motivational to help me debrief after a long day at work. Once I get home, my children and wife are waiting for me. So from about 7pm – 9pm I eat dinner with the family, talk about how their day went. Play with my children. Get them in the shower. Read them books. Then put them to bed. From 9pm-10pm I catch up on all of my messages that I received throughout the day. From 10pm-11pm I spend some quality time with my beautiful wife. Then it's off to bed to start my day all over again the next day.

Tell Me About Your Business?

My business is very simple. Since there are millions of ways to make money online. I focus more on teaching people the basics of marketing online via social media. And how to connect with people. Once you learn the basics of marketing online and start to apply what you've learned. Sky's the limit to what you can do and the amount of money you can make in this industry. I decided to create a company called Pyramid Genius. And my slogan is "Changing Lives Financially with these so called Pyramid Schemes". I wanted to create something that created a little controversy but made people more curious about what me, my team, and my company represents. Once people say the magic words "What Do You Do?" Then we got them. Because most people are just misinformed. And my team is excited to break down the value of creating an additional income online. With Pyramid Genius, we love to have fun, make money, and make a difference.

How Much Time Per Week Would You Say You Dedicate To Your Work?

I dedicate approximately 10-15 hours a week to my business.

What Else Do You Like To Do With Your Free Time?

In my free time I love spending time with my family. Getting out of the house and going to do something fun. I also love playing basketball when I can. I also love playing piano and making music with my children. But my new found passion is becoming a motivational speaker. I love connecting with new people and learning about their journey. And inspiring them through my own life experiences. It's such a great feeling when people come across my videos and hit me up saying thank you for content that I share every day. I am just enjoying life and want to give back. Oh and I love to cook in my spare time. Preferably on the grill.

What's Next For You?

Becoming a motivational speaker. I love inspiring people. I want to be on the big stage in front of thousands of people. Sharing my story and impacting lives. I have so much to offer and so much to give. God has blessed with the opportunity to connect with people on so many levels. And it's time for me to put it to use.

Any Advice For People Wanting To Follow A Similar Path?

In order for things to change. You have to change. And to have things that you've never had. You have to do things that you've never done. It's inevitable that we will all die some day. It's what you do with your time while you're on this Earth. What legacy will you leave behind for your children to follow. If you want something bad enough. GO GET IT!!! Once you realize that no one on God's green Earth can stop you from being great but you. That's when life will begin to make sense. You are more powerful than your mind let's you believe. You're time is NOW. Not tomorrow. Not next week. Right NOW!!! Time to take action. And make it happen!!!

Interested in learning more and working with Derrick? Click here...

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The Federal Reserve sets the guardrails for the federal funds rate, and through that helps control the money supply for the nation.

When you take out a loan for a car, charge something to your credit card, or get a personal line of credit, there is going to be an interest rate that applies to your loan.

A lot of different factors go into what you will be charged, including your own personal credit score. But even those with flawless credit still see a minimum charge that they can't get around. That all goes back to the Federal Funds Rate.

One thing consumers rarely realize is that all of our banks are lending money to each other every night. Banks are legally required to maintain a certain percentage of their deposits in non-interest-bearing accounts at the Federal Reserve to ensure they have enough money to cover any withdrawals that may unexpectedly come up. However, deposits can fluctuate and it's very common for some banks to exceed the requirement on certain days while some fall short. In cases like this, banks actually lend each other money to ensure they meet the minimum balance. It's a bit hard to imagine these multibillion-dollar financial institutions needing to borrow money to tide them over for a bit, but it happens every single night at the Federal Reserve. It's also a nice deal for those with balances above the reserve balance requirement to earn a bit of money with cash that would normally just be sitting there.

The Federal Reserve The Federal Reserve


The exact interest rate the banks will charge each other is a matter of negotiation between them, but the Federal Open Market Committee (FOMC) (the arm of the Federal Reserve that sets monetary policy) meets eight times a year to set a target rate. They evaluate a multitude of economic indicators including unemployment, inflation, and consumer confidence to decide the best rate to keep the country in business. The weighted average of all interest rates across these interbank loans is the effective federal funds rate.

This rate has a huge impact on the economy overall as well as your personal finances. The federal funds rate is essentially the cheapest money available to a bank and that feeds into all of the other loans they make. Banks will add a slight upcharge to the rate set by the Fed to determine what is the lowest interest that they will announce for their most creditworthy customers, also known as the prime rate. If you have a variable interest rate loan (very common with credit cards and some student loans), it's likely that the interest rate you pay is a set percentage on top of that prime rate that your lender is paying. That's why in times of low interest rates (it was set at 0% during the Great Recession), a lot of borrowers should go for fixed interest rate loans that won't increase. However, if the federal funds rate was relatively high (it went up to 20% in the early 1980's), a variable interest rate loan may be a better decision as you would be charged less interest should the rate drop without the need to refinance.

The federal funds rate also has a major impact on your investment portfolio. The stock market reacts very strongly to any changes in interest rates from the Federal Reserve, as a lower rate makes it cheaper for companies to borrow and reinvest while a higher rate may restrict capital and slow short-term growth. If you have a significant portion of your investments in equities, a small change in the federal funds rate can have a large impact on your net worth.

Getty Images/Maria Stavreva

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