Why You Must Leverage the Talents and Time of Others
If you are looking for ways to earn extra income from home, there are many options available. You might try selling some items on Ebay. You might teach music lessons or start a pet sitting service. If you are good with numbers and finances, you might accept some bookkeeping clients.
The problem with all of the above ideas is that the income produced relies 100% on your ability to continue doing the work. If you have a family emergency, and cannot give music lessons one week, you will not have that income. If you want to take a two-week vacation, you will lose the income normally generated for your services, during that period of time.
According to Robert Kiyosaki, author of The Cashflow Quadrant, employees and self-employed people are not all that different. You may have chosen to become self-employed, as a means to reduce stress. The truth is, however, your income remains limited by the amount of time you can work.
Business owners and investors, those residing on the right side of Kiyosaki’s cash quadrant, have moved beyond the exchange of personal time for money. These successful business people have created and implemented systems. These systems leverage the abilities, talents and time of others.
These systems make money for them, even if they are not physically at the business location. These systems, properly implemented, literally create money for the business owner/investor 24 hours a day, regardless of time and location limitations. This is often referred to as passive income.
A foundational concept for building wealth is that money must be harnessed to work FOR the owner. A traditional method for harnessing money for income is real estate investing. There is no doubt that real estate is lucrative; however, most investors will need access to large credit lines. They will also need to have substantial liquid cash reserves, for lending requirements and day to day operations.
If you don’t have the cash and credit needed for real estate investing, there is another way to create passive income for yourself and your family. It is Network Marketing.
If you are already dreading the fact that you will have to sort through friends, family and hundreds of strangers, guess again. (I don’t care for that either!) My network marketing company is Success University. This is an Internet-based, global business opportunity. There are no products to buy or store and no hotel meetings to attend.
Success University is an opportunity that is available to the average person, regardless of their current financial statement. You can begin the process of replacing your income, for a monthly investment of about $50. No previous Internet marketing experience? No previous online business experience? Success University will be the training foundation of your new venture.
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