Residual Income and You
Sallie Roberts March 22nd, 2009
Well if you read my last blog you now understand how you can get yourself out of debt with a measly $100 extra a month. I explained that one of the best ways to earn $100 extra is by having a home business so that you can start producing Residual Income.
If you are like most of the country right now, you probably would just rather stick your head in the sand and hope that when you come up for air, the economy will have fixed itself. But we all know that just isn’t going to happen. We are all worried and scared and frustrated. So what we need is a light bulb moment.
Let’s flip the switch and turn on the light and see what we can see. If you are saying to yourself that you don’t have time to start anything more in your life, then I am going to tell you that you had better find the time. Do you find time to play golf, or watch TV or go shopping or gardening? We always find time to do the things we want to do, so we also need to find time to do the things we need to do. You should not sit back and hope things change. You better make things happen for yourself now, not when it is too late.
If you are an insurance agent, you understand what residual income is all about. You sell a policy and get paid a commission on it. Next year when that client renews, you get paid again and again. Residual Income is getting paid over and over and over for work that you do one time.
The same holds true for a Network Marketing business or MLM or Relationship Marketing. You start a home business and get paid up front money and then get paid residual income over and over and over again for the work you did one time.
If I haven’t said this before, and I have, I would never give up my life of freedom. I would hate to ever have a JOB and I will hopefully never be in debt again. All thanks to having had a home business that has brought be residual income for years.
Find something you love and a company that handles that product. For me, I found a company I loved because of who the owner is and what his reputation is, but I was not all that excited about the products because they were nutritional products. It was not until after I enrolled that I found out the these particular products had only been invented 2 years earlier and that were revolutionary. Then they added the healthy Soy Candle line and I really fell in love with that product. My point is that I knew the history of the people starting this company and I was absolutely sure of the outcome because our president had made millions in our prior company. I wanted to be apart of whatever he was involved in.
You may not have the opportunity to know the people of the company you might be looking at, but love the product. You may know nothing about either but know you want to have a home business that produces residual income. I personally did not want to be in a company that had thousands of reps and there would be 100 in my city competing with me. So for me it wouldn’t be Avon or Mary Kay or Herbal Life, etc. I wanted to have something different to offer people and of course build a business with people who also wanted to be pioneers, of sort, in bringing something new and exciting to folks.
I haven’t even mentioned the Tax benefits and that if for another day. But the bottom line is……Go find yourself a Home Business and build yourself a huge residual income.
Sallie,
As usual, you cut through the hype and just explain it like it is. I have to tell you, I always enjoy reading your blog.
Tax Benefits? Can’t wait to read more about those.
Cenay’