What's The Best Way To Make Money
Linear Income or Residual Income?
Who Has A Better Lifestyle A Doctor,
Lawyer Or Real Estate Investor?
All three of these professions i most cases are highly paid, but who has the best lifestyle with the most freedom?
Doctors and Lawyers trade hours for dollars, they earn their income based on the work that they perform on a daily basis, sure they are highly paid but if the stop performing their daily duties their income will ceases.
The Real Estate Investor is paid a residual income, for example if the Real Estate Investor owns a number of rental properties such as apartments and rental housing, they will earn a residual income month in month out, the Real Estate Investor has much more freedom to do what they want with their time on a daily basis, therefore the The Real Estate Investor has a much better lifestyle than the Doctor or Lawyer does.
The Key To Freedom Is To Create A Residual Income For Yourself
For an income to qualify as residual, it must be an income that is earned even when you’re not working at it. This could be from a variety of sources including some of the following:
- Rental Units
- Interest On Investments
- Profit Sharing
- Royalties Earned From Writing
- Royalties Earned From Marketing
- Ad Revenue
and other types of income. This form of income is also referred to as recurring income.
According to forbes magazine Successful People Agree: Time Is Their Most Valuable Asset
Are You Trading Your Time For Dollars or Do You Have A Residual Income?
It is a fact that for most people, the income they earn is based on the work they do on a day to day basis. In other words, if they do not work, their income ceases.
The average american is struggling to make ends meet, Most people do not have enough money to be able to save for retirement, buy a house and go on yearly vacations they are struggling to pay their bills every month living paycheck to paycheck. The price of housing and rent are going up year after year. Inflation has been driving up food costs year after year.
Americans’ total credit card debt continues to climb in 2017, reaching an estimated $905 billion — a nearly 8% increase from the previous year — according to a NerdWallet analysis.
And the average household that’s carrying credit card debt has a balance of $15,654.
Suze Orman says this is the 'new retirement age'—and it might make you cringe is 70 or later!
Most people stay in a job for DECADES that they hate, and not start their dream business, because of the fear of the unknown, having to go to a job they hate 5 days a week and living for the weekends, they would like to be able to spend more time with their kids.
So What Is The Answer?
Leverage The Power of The Internet!
The growth of the internet and online businesses has enabled more people to develop residual income business which is the type of income that can be earned passively and continue to increase.
The first area we will look at is affiliate marketing as this is a way that you can create an income by recommending products and being paid a commission by doing so. There are ways to leverage affiliate marketing so that once you have a system set up, you can start to receive income on autopilot.
For example, you can set up a lead capture page to attract opt ins that are interested in your product or service and once someone signs up you can automatically send them to your product offer. This type of email funnel system will over time produce sales on auto pilot.
The affiliate offers you promote can also start to create passive income as there are many products available that are repurchased on a monthly basis.
As people purchase your products, the monthly commissions will continue to be paid for you as long as your customer continues to purchase your products.
Residual income is income you receiving month after month in addition to your regular pay.
You work once to get your customer and you be paid month after month as long as your customer continues to purchase products from your business.
Leverage The Power of Multi Level Marketing!
The three pillars of success in Multi-Level Marketing are:
Residual Income
Leverage of Time and Money
Duplicability or Geometric Growth
Unlike franchises or conventional businesses, MLM, and Multilevel Marketing are the only business models that take advantage of all three of the important, yet misunderstood principles of:
Passive Residual Income – Leverage – and Geometric Growth And the combination of all three of these elements is what gives the Multilevel Marketing business model it’s synergy and exceptional performance potential.
Every successful person or business in or out of Multilevel Marketing takes advantage of leverage. There’s only 24 hours in a day! And no matter how talented you are or how much you get paid per hour, if you don’t take advantage of leverage you’re limited by the number of hours in a day. By learning to leverage your time, you can also benefit from a percentage of other people’s efforts, and dramatically increase your income and freedom.
“If you had the choice to receive 100% of one person’s efforts, or 5% of 100 peoples’, which would you choose?”
And again, if they answer 100%, either: 1) they’re not a good prospect or, 2) they need a remedial math class or additional education.
Many talented people would rather just depend on themselves, and have difficulty grasping the importance of this concept.
Obviously 100% of one is always only one. But 5% of 100 is five. That’s a 500% increase and is significant! And with synergy, sometimes it can be even more!
Not only will the total result with leverage almost always be a lot more, but your income is not dependent on only one person. If it is, and that person gets sick or injured, disabled, dies, quits working, or decides to go on a long vacation, your income could stop!
But if your income is produced by the activities of many, it is much more dependable. Even if something unexpected or negative happens to one or more of those people, it only has a minor effect on the total production. That’s what allows people who understand and take advantage of this to live the lifestyle they choose or get paid while on extended vacations.
It’s great to get paid while you’re on vacation or doing other things you love! That’s one of the many advantages of leveraging your time, and is just one of many reasons so many high income professionals from all walks of life are flocking to get involved in Multilevel Marketing .
Many professionals who make great incomes, get frustrated at the ‘bottom line’ after putting in long hours just to cover overhead and miscellaneous expenses. No matter how much you earn per hour, if you don’t learn to leverage your time, your earnings will always be limited by the number of hours you can work in a day. And nobody wants to work 24 hours! But even with a small Multilevel Marketing organization, you can produce equivalent results to working 24 hours a day, with a fraction of the individual effort.
Learning to leverage your time and money is an important step toward gaining Financial Independence and Time freedom.
Geometric Growth – Duplication
The best illustration I’ve seen of geometric growth is the penny-a-day example. It’s also frequently used to illustrate the benefits of tax free compound interest.
If you start with one penny, and double it every day 30 days, how much will you have at the end of 30 days?
If you haven’t heard this before or don’t remember, go ahead and take a guess. Day two you’d have 2 cents; day three you’d have 4 cents, then 8, 16, and so on. How much at the end of 30 days?
I’ve never had anyone who hadn’t heard this before come close. So don’t feel bad if you don’t, and I promise not to laugh. Ready? Did you pick a number?
Would you believe over FIVE MILLION DOLLARS?! ($5,368,708 to be exact!) That’s right! Most people don’t believe it until they punch it out on a calculator. And even then it’s sometimes hard to fathom. But it’s true. Isn’t that amazing?
That’s a simple illustration of how networking can work. If I can teach you, I’ve doubled myself. If we each teach someone else, we’ve doubled again. And as this goes on and on it can produce amazing results in a relatively short period of time, just like the penny example.
The Multilevel Marketing business model is about a lot of average people doing a little, not a few talented people doing a lot.
The beauty of Multilevel Marketing is that you can get started with very little investment of time or money, and no major changes in your present lifestyle. Eventually, passive residual income can give you the freedom to live the lifestyle you choose, and pursue and enjoy your dreams – whatever they are!
Online Business Option
Below are some of the major advantages of starting a online business.
- Low Upfront Costs and Easy To Start Don't Worry About Purchasing Inventory
- The Company Will Drop Ship For You.
- Low start up cost
- Low monthly overhead
- Opportunity to create residual income
- Free training and support
- No employees needed
Work form home, or anywhere in the world No risk we take away the fear of the unknown, keep your day job while you work your business part time.
Proven Turn Key System
