For many, this is a reality right now with the economy in the dumps as it is. Many have lost their jobs or have had their pay checks reduced.
I would like to talk with you a little bit about "Multiple Streams of Income." The majority of people today only have the one source of income. Some families have two sources because both parents have jobs. But in most cases they are "Trading Hours For Dollars."
One source of income was usually enough for families back in the 1950's. In the 70's and 80's families begun to need two incomes to get ahead. But in today's economy it is even becoming harder for family to survive with both spouses holding jobs.
Many are wondering how it can be possible to plan for the rest of their life if they have trouble planning through next week! Many families are just barely hanging on, hoping for something to change that will bring them good fortune. Unfortunately, that is usually the problem. They are waiting for change rather than taking action and making a change.
Many have been waiting most of their life for their "ship to come in." They are waiting and hoping that "next year will be different." Many times change never comes and they struggle to stay afloat, year after year.
If only we could get our teenagers started off on the right track by teaching them to always live with-in their means and never start down that road of barrowing money for things that are not a necessity. If they realized the value of "Multiple Streams of Income" in their 20's, imagine the the type of life they could live. Some have been fortunate enough to understand this concept early in life and have reaped some amazing benefits because of it.
The good news is that if you decide that you want to be financially free and have time freedom, it really is not too late. Of course that is assuming that you are willing to take action and work hard and never give up until you achieve your goals. It takes serious dedication and perseverance but it can be done and often times quicker than what you might think. Sometimes it requires that you step a little bit outside the box.
If you want change, you must be willing to do something different. If you continue to do what you have always done, then you will get what you have always gotten.
Many financial experts including Robert Kiyosaki, are saying that one of the best ways to create multiple streams of income is Network Marketing. Why?
Here are a few reasons:
-Very small investment required
-Return on investment can be unlimited
-Can be done part time while you still work your regular job
-Very low cost and overhead
-Tax benefits
-Builds a Passive Residual Income
-Time Freedom
Many who have good paying full time jobs are starting to realize that they still need to develop multiple streams of income. After all, in order make the same amount of money this year as they did last year, they will need to do the same thing all over again. This continues year after year.
When you contrast that with someone in the Network Marketing Industry, you can see the real power of Residual Income. It certainly makes good sense that if you can, why not do something now that will continue to pay you back over and over again. Why not take advantage of many others working with you instead of doing all the work yourself.
Perfect Timing?
In this struggling economy, many are now turning to Network Marketing to provide a secondary income, and some even for their primsry income.
Traditionally a weak economy will actually give the Network Marketing Industry a boost.
This is actually a perfect time to consider starting your "Home Business" and creating another income stream. There are more opportunities to choose from right now then ever before. People are more open to Network Marketing then ever before. This all adds up to NOW being the perfect time to get started.
Make sure you do your research when choosing a company to partner with. Look at the product first and make sure it meets several requirements:
-Is it in demand?
-Does it provide or create value for the customer?
-Who is your customer? Does the product appeal to a large segment of the population? Does it have International Appeal?
-Is it "timeless" or a trend that will go out of style?
-Make sure you know who is running the Company. Where does the company revenue come from?
-What's the competition? Are you protected by Patents?
-Know the compensation plan. Does it promote team building and growth?
These are just a few of the requirements that I have personally, after many years in the industry. I believe they are very important when doing your research. No business comes with guarantees. You must be willing to work hard especially in the beginning to build momentum. But, the rewards can be great, often lasting a lifetime.
Something To Think About
My encouragement to you is to seriously take a look at your life 10 years from now. Are you in a career that will allow you to achieve more and more time freedom while your income continues to increase? Or, will you be doing the same thing that you are now, working the same amount of hours (or more) that you are now and still struggling to keep you head above water?
10 will come and 10 years will go, will your life be any different?
It's Something To Think About!
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