Its all about Residual Income.
The nice thing about a regular job is that they will continue to pay you when you are out sick or on vacation.
On the other hand, most hourly workers and the self-employed (1099) only get paid when they actually work.
Of course there are exceptions, but for the most part it is true.
But if you don’t have a regular job, you still need income. You might have to consider a part-time job (hourly) or working for yourself by mowing lawns, washing windows, or driving a cab.
You will NOT have a continuing income, or what we call Residual Income.
So who gets residual income? Some sales people such as insurance agents get residual income. When their clients continue to “buy” their product or service, they continue to get paid. If I buy an insurance policy I want to continue to be “covered” so I will continue to make payments. The sales person will continue to get paid. Sell it once and get paid forever? It just might be so.
If you don’t sell insurance can you get Residual Income?
Absolutely. All you need to do is sell something (or create something) that will continue to be paid for month after month.
So how do you find something like that? And can you get in on it?
Sitcom stars, recording artists, and writers all get residual income. Your landlord (or mortgage company) gets residual income. All your subscriptions (newspapers, magazines, DirecTV, NetFlix, and those vitamins you get on auto-ship) get residual income.
OK! Where is yours? Isn’t it about time you claim your Residual Income?
If you want in on Residual Income but all this seems daunting to you, you just are not seeing things clearly. Residual Income is really very simple. Residual Income is yours for the taking.
The easiest way to cash in on Residual Income is to join a networking opportunity.
The whole concept behind network marketing is that people will continue to buy (and pay for) something that they need or perceive as having value to them. And as they continue to buy, you continue to get paid. Residual Income.
But it is actually better than that, If you think this opportunity is good, you will continue to “belong.” So will your customers. And your customers will be encouraged to recommend this opportunity to others. And you will get paid for these sales as well.
How sweet it is!
In network marketing the company will pay you on the initial sale. Everybody seems to focus on this. How much are you going to make on this sale? Remember, the initial sale happens only once, but the continuing relationship with the customer can last for many years. The real money is in Residual Income.
I have a five-year plan to earn Residual Income of $10,000.00 or more per month. Residual Income that will go on forever (hopefully, although there are no guarantees) and will allow us to retire in comfort.
Residual Income is a whole lot better than trying to live on social security.
Just think about it: Get $10,000.00 per month and you don’t have to worry about social security going broke.
My secret strategy is to pick three good network marketing opportunities and build Residual Income in each of them. It is that old saying, “Don’t put all your eggs in one basket.” I can “do” three network marketing opportunities. So can you.
If everything goes according to plan I could end up with more than $30,000.00 per month in Residual Income. Two of the three opportunities could “fail” or change in some major way, but if one survives in its original form I should still have my goal of $10,000.00 per month in Residual Income.
Once you have this Residual Income coming in you should “explore” investing this income stream into something that will also provide Residual Income. A Beach House that you rent out by the week is a good example. Or maybe a 10 acre grove of cherry trees. Or possibly a small shopping center where you’ll be able to collect rents for the rest of your life.
If you want to know more about “my opportunity” you can click here.
If you want to know more about investing for retirement income visit Baby Boomer Retirement Planner.