How this business attracts: Residual Income
by Challen Yee, co-founder Team Better Living
This feature of this industry got me excited.
Here are a few common ways people generate a residual income:
1. Real estate rental properties
If your mortgage payments are significantly smaller than monthly rental rates, a real estate investor will begin to draw a substantial income, assuming he can maintain a good paying tenant after the loans are paid off. Real estate can be a great source or retirement income, yet it does take a substantial amount of income to get started.
2. Interest or Dividend income
Depending on the interest rates, one can draw an income from interest or dividend income. At the time of this writing, interest rates are very low. In either case, it takes a substantial amount of principle to generate a living income. A $1,000,000 dollar investment at 5% will provide you $50,000 per year, that’s assuming you are able to keep your principle risk free and avoid the possibility of losing a portion of your wealth in risky financial instruments.
3. Retire from a Corporation or Government/Military Career
After 20-40 years of mutual commitment and work, you can achieve a substantial income to fuel your retirement. Retirement pay is usually calculated on the amount of base salary you earned at the time of retirement.
Now, there is nothing wrong with these methods of generating a retirement quality income.
You may ask, “How can I generate additional income?”
ENTER PROBABLY THE SIMPLEST WAY TO BUILD AN EXTRA INCOME OR FORTUNE
You may be benefiting from any or all of the methods above to provide you residual income but have you heard of or are familiar with NETWORK MARKETING? Don’t runaway yet, unless you honestly understand how it works.
Network Marketing companies offer quality products or services and offer business building members or customers an opportunity to get cash rewards for generating revenue for the company. In other words, any legitimate company provides a product or service and customers buy them, same as a network marketing company.
However, unlike a traditional companies, network marketing, direct sales, or multi-level marketing (MLM) companies, do not use as much money on mass public marketing and advertisements. Instead they invest their profits back to a registered customer, those people who are using their products and by word of mouth (and other more personal means) help grow the customer base for the parent company.
Depending on what your financial needs and goals are, Team Better Living can help you craft a plan designed to meet your goals. It is possible to achieve your goals without using large amounts of capital or decades of your life required for an equivalent benefit offered by from most other methods.
Learn how the 4-40 plan works, where it is possible to achieve in 4 years* a livable income instead of the 40 years it would take in a traditional career. The truth is, you could do both, you don’t have to do either or, it’s up to you.
*Four years is intended to serve as an example, actual results depend on the network marketer’s business plan and ability to execute it.
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