Friday, October 22, 2010

What Residual Income Can Do for YOU!

 Recently, I ran across this post from another FAHT leader and thought I would share this with you! Since, in my last blog I discussed how Residual income helped me out so much, I wanted to share how it could help you as well!

Having a source of passive/residual income in today's economy is essential.  Back in the day, people flocked to real estate to create their passive income.  And they did very well with it for quite some time.  However, we all know where that market has gone...into the dirt.  In these tough economic times of layoffs and people's retirement accounts and dreams disappearing, the brilliant financial minds out there like Donald Trump and Robert Kiyosaki now recommend network marketing to people to create their passive/residual income.   And before turning your nose up at the thought of network marketing, know that it's SO much more than the Amway days that have been embedded in people's minds.  There is no more having to approach your friends and family to buy products/services and join your business.  It's SO much more than that.  I've been in this industry for almost five years and have never one time approached a friend or family member and don't ever plan to.  LOVE them dearly, they are so important to me and I treasure them but it's just not my thing. There is a WHOLE world out there on the internet that are looking for a network marketing business from home that don't need to be "sold" on the concept.  When the big dogs, Robert Kiyosaki and Donald Trump, put their seal of approval all over network marketing, people started to get their noses out of the air and started paying attention. Especially when Donald Trump started his own network marketing company, The Trump Network.  The AWESOME thing about creating a residual income with Network Marketing is it doesn't require a lot of capital upfront, like real estate does, for example. Anyone with a good attitude, persistence and a lot of self motivation can do it.  And while those three qualities may weed out many, it still leaves a door open for average people...like me.

So, what's the big deal about having a residual income?? Residual income is a beautiful thing, you do the work one time and that income continues to follow you month after month, year after year.  I am still receiving residual income every month for business I put on the books in 2008!  You can't beat that!  This type of passive income not only keeps you set financially but it allows you to focus on things in your life that are most important, your family, your relationships, enjoying life, all those things we cherish but so many don't have themselves setup to put first.  Bottom line, it gives you freedom!!

We all have things come up in our lives, divorces, sick family members, injuries, child birth, spouses getting laid off, etc.  Wouldn't it be nice to have a residual income already coming to you every month when those things come up??  A guaranteed check every month certainly makes things a lot easier, I know from personal experience.  If you are already working on building a residual income for yourself and your family, good for you!  Keep on working hard to grow it, it will come in handy through the years.  If you haven't started to build your residual income, what are you waiting for?  Find your opportunity and get to work on it, it is SO worth it!!

So grateful for my residual income,



                                                                                              Original Post can be found on Kristie
                                                                              Wooten's blog at: www.thesavvywahm.blogspot.com

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