Want to Receive at Least $10,000 Monthly Without Working?
That’s not a problem. All you have to do is deposit a sufficient sum of money in the bank and live on the interest. At today’s interest rates, all you would need is $12,004,802* on deposit and you would draw $10,000 monthly for the rest of your life without touching the amount on deposit. If you don’t have that amount, keep reading.
The first step in accumulating money is having a source of income. For most people it is their job. For the rich it is their business. For many it is a second job. For some it is a business they run on the side – sort of a profitable hobby. One of the most popular part-time businesses is network marketing. Network marketing provides leverage of time and effort. Here’s how:
If I worked 24 hours a day for 365 days, I could work a total of 8,760 hours in a year. That is the absolute maximum effort I can put in over a year. If I employed 1,000 people who only worked one hour a week, that would be 52,000 hours or well over four times what I could work if I never stopped for even a coffee break or a nap in a whole year. That is time leverage.
If you were a best-selling author or musician or actor, you could do a job once really well and continued to be paid for it over and over and over again. That is royalty income.
Network marketing provides both time leverage and royalty income so that you can eventually build an organization that produces $10,000 or more a month in passive or royalty income. Of course, “marketing” implies that you have product that people will purchase outside of your network. Some well-known network marketing companies generate huge amounts of sales of their products. Each independent business owner sells to customers and opens franchise locations (other distributors) either locally, nationally or globally.
But are there other ways to generate extra income? Sure. Take a second job. What you must do is have a plan for getting from where you are to where you want to be. Can you set aside any amount of money to invest? If not, what will you do to make that possible? What is your plan to ensure that the beginning of next year will be better than this year?
*That is based on an annual interest rate of about 1%, which is a monthly interest of about 0.0833%. $12,004,802,* 0.0833% = $10,000.00.