The wealthiest people in the world and Network Marketers know the secret to creating true wealth. They have been focusing on it for hundreds of years. They understand the difference between linear and recurring income.
Recurring income is when one performs the work just once and gets paid over and over again. An example would be a rock star, best-selling author, inventor, actor, commercial real estate developer and Network Marketer. These folks have done the job once and will get paid over and over again. Recurring income is building something that will keep churning out the income, whether one managing it or not.
Linear income is when one trades time for money. Most people have been trained to work for someone else. They work for wages. When they stop working, their paycheck stops. Linear income only continues as long as one continues to work.
The best way to find out if you have recurring income is to ask yourself, while I m sleeping tonight, will I be making money?
Given a choice, which would you rather do: work hard and get paid only once or work hard once and get paid continuously?
A good job and a secure retirement are a myth in today s world. Most people say they can live off of $5,000 a month of income. Yet sadly, they lack a plan for retirement.
It would take $1.6 million in the bank today for you to earn $5,300 of interest (at 4%) every month. Or you could save $400,000 every year for 5 years to collect $5,300 of interest every month.
Is this an option for you?
What does it take to be a movie star, best-selling author or songwriter? There are experts in the field to guide you if that is want you want.
What does it takes to do Network Marketing? Will it be easy? Do you need a lot of money or education?
Network Marketing is not a quick easy scheme to riches. It is work. But if you have a burning desire, if you have strong work ethics and if you are coachable you can have the life of your dreams.
Network Marketing is a way to create recurring income. Diving into a recurring income opportunity can be costly and painful. But knowing how the Network Marketing business works can save you lot of money and frustration.
Copyright 2006 Monica Karge
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