Your Residual Income Opportunity - Thinking About Results
Ranked #20,916 in How-To, #216,869 overall
Your "Acres Of Diamonds" Are In Your Residual Income Business
Earn In A Residual Income Business And You Set Yourself Up For Life!
Create Residual Income - See What It Is Really Worth
When I was first exposed to MLM or Network Marketing, I could see the potential and became very excited. I did my "due diligence" and joined a good company with good products. I'm not going to go into the many pitfalls that I encountered but, like most people that venture into MLM, I became disillusioned and quit.
Still, the idea the residual income and the thoughts of what a tremendous value it is, would not leave me. Most people don't "get it" and see it's value but with my investment background, I knew it was a "field of diamonds" that I must find a way of acquiring.
Just to illustrate the tremendous value of a business that is developing residual income, I have taken a minimal example and put it into a spreadsheet for you. Look at this closely.
Let's look at this and see if you "get it". If you really do, you'll be set on fire! In the picture here, note I'm showing a sorry situation where you only make $10 in the first month and it goes up by only 20% per month.
If this is you, you're going to have to "hang in there" for several months, but knowing what is coming will give you the guts to stay the course.
In this scenario, I've also put an estimated return from a bank at 5% so you can see what amount you'd have to have in the bank (or other cash flowing investment) to give you the same amount of income as what you are now generating.
So in this illustration, at the end of 12 months you've only got a residual income of a measly $74 / month. By the end of three years it has finally grown to a respectable $5907 / month.
Now DO NOT MISS THIS. At 5% APR from your bank, this is equivalent to having $17,832 at the end of year one and a whopping $1.4 MILLION at the end of year three.
GET THE PICTURE - Go to work, sacrifice short term income for RESIDUAL INCOME and you'll be set for life.
I am building residual income in the following 3 businesses. Check them out and if you get the picture, join one or more of them and let me know. I have a ton of tools and techniques to help you out.
MPM: My Power Mall - Great Business (FREE) link here
GDI: Global Domains International ($10/month) link here
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Network Marketing Is One Great Way To Develop A Residual Income
Residual Income Can Come From Being A
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If you would like a copy of the actual excel Residual Income Spreadsheet so you can do you own "what if's", just email me with "Residual Income Spreadsheet Please" in the subject line. (win247 AT gmail.com)
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- janepair janepair Apr 11, 2008 @ 2:35 pm
- thanks for the tips and tools with financial circumstances.
http://jacksfinancialconsultantlist.com
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Reply
- dsdf dsdf Aug 21, 2007 @ 11:41 am
- Hi DKeith,Great Lens. I have also created a lens in same niche . Hope u like it Here’s a brief intro:
Long before beginning a search for the best home business, there are three things to be welland truly defined. Have you heard it is all in the planning? This is astrue a statement as has ever been declared. No business, no matter how good the ad and hypesounds, no matter how hard you work, no matter how much help you have; will be successful until these three secrets are known. Further more, the only place to find these secrets to the best home business in where most will not look. You hold these secrets. No one else can know what you know nor are they able to define what it right for you.
click here
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- DebbieK DebbieK Aug 2, 2007 @ 7:20 pm
- Great observations and expression. Good links and tools - I'm impressed
by DKeith
Don Keith is an "old guy" so if he can do it, you can do it. He has been a bit of an entrepreneurial mongrel over the years, getting involved in ...
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