Today, I want to drop in another episode of … why Network Marketing, why you, and why now? This one is about full or part-time, and it’s about wealth-building. It will be a 2-part post because it is a long, in-depth one. So let’s look at full-time Network Marketing or part-time Network Marketing.
The trend in North America is for people to be quitting their jobs and moving into the gig economy. Whether it’s:
- being a Graphic Artist or Coder,
- or whatever people want to do.
People are starting to take advantage of the opportunities as our culture shifts, and our economy shifts, and the job market shifts to where people can make a good living working from home.
So we fit right into that.
It’s a trend, and it’s moving into that direction.
It’s like the trend that I posted earlier on my fan page about the hundred-billion-dollar-a-year industry where people are supplementing themselves. They’re investing $100 – $200 a month in supplementing their diet to prevent disease, as opposed to paying $200 to $1000 a month for insurance for when we do get sick.
So these are trends that are happening, and the trend that I posted on my personal page is the trend of people moving into that gig economy, and we’re way ahead of that curve, right?
We’ve been there for 70 years.
But here’s the piece that I want to share with you around our gig economy, and jobs, and part-time and full-time.
“Let’s get full-time, let’s leave our job behind, let’s quit our job.”
So I just want you to consider some alternatives, or basically, think about this. If you earn $5000 a month in your Network Marketing opportunity (and for those of you that might be reading this that are not in Network Marketing yet … that’s one of the reasons that people get involved in Network Marketing; they’re looking to earn an extra income) maybe it’s $500 a month, maybe it’s $1000, maybe it’s $5000, maybe it’s a lot more.
One of the reasons they’re motivated to do that oftentimes is ’cause they don’t like their job, and they’re looking to stay home with their family, and they’re looking to take advantage of that gig economy where they can work from home.
It used to be called a home-based business.
Now we tend to call it a phone-based business because it doesn’t matter if you’re at home or in the car, or not on your phone while you’re in the car, but you can be:
- sitting in your car,
- you can be in a coffee shop,
- you can be on the beach…
You can be anywhere in the world, and as long as you have a connection with your phone, you can build a Network Marketing business.
The idea of getting to something like $5000 a month in residual income from a Network Marketing opportunity is rare, but everybody can do it, and that’s one of the things that we focus on in Bliss Business. It doesn’t have to be that only 1% of us pursue building a residual income.
Anybody can do it.
It is a pretty simple, predictable system.
When it comes to building an income in Network Marketing, it’s important to know which company to choose what kind of products work, and which ones don’t.
You can pick the right company and the right products, and you do the right things for a year or two, you can get to $4000 or $5000 a month within four or five years.
You can get there.
Just follow the system.
Here’s the extraordinary thing … from a wealth-building standpoint in Network Marketing, we offer that opportunity to create that kind of side income. That kind of extra income, that kind of mad money, if you will.
And here’s why it’s so important for life…
- for our future,
- for freedom,
- and for security,
- for protection…
If you think about jobs, and the job economy and job incomes…
How do you build wealth doing that?
In a way, the system is the 401k system. But the problem with a 401k
So it is a snail’s-pace way to get to wealth building.
By the time we have 40 years into a job, we’re usually 70 years old. So we may have only 10, 15, or 20 years at the most, and we don’t have very much money to enjoy those golden years.
That’s one of the reasons why people look at Network M
arketing as an opportunity.
Because we may only work our Network Marketing business 30 to 60 minutes a day, but after six months, a year, 18 months, 24 months, we’ve leveraged that time so we may be putting in an hour a day, but we’re getting paid on 100 hours, or 200 hours, or 500 hours, or 1000 hours. Why?
Because we have the advantage of that geometric growth of the sales organization.
So while we may put in an hour, we’re getting paid on 100, or 200 or 300 or 400 or 500 other people who are putting in an hour.
An hour a day.
Where else can you do that? Where else can you leverage your time and get that many people contributing to your income?
Only in Network Marketing.
So when it comes to wealth-building, what’s the strategic wealth-building advantage of Network Marketing? It’s that extra income. It’s that extra $1,000 or $2,000 or $3,000 a month in income.
Now, I said earlier, a lot of people get involved with network marketing because they want to quit their job and they want to go full-time.
But here’s the mistake … the strategic mistake in doing that.
You get to $5,000 a month.
Let’s say you pursued the four-year career and you worked it really hard. You filled your
- You bled on the fire,
- and you fanned the fire.
- You led,
You provided systems and you let those geometric progressions work for you for the next two years, and you grew an organization of a couple of hundred into a couple of thousand.
You’ve hit a home run.
I mean, you’re in rarefied air. That’s an extraordinary accomplishment. Anybody can do it, but most people don’t. Right?
But here’s the temptation.
We get to that $4000 or $5000 a month, we don’t like our job, we want to be home, we want to be on the beach. So we think about quitting our job and doing Network Marketing full-time. And I’m not opposed to that, I did it. Some people, you know, we’re just all-in or we’re
When you build up your Network Marketing income, instead of just leaving the job behind and going full-time in Network Marketing, how about you find a job that maybe provides benefits, maybe provides a
Maybe you get to work from home a couple of days a week.
So you hang onto the job part of wealth-building, but you also have your Network M
If you’re making $5000 a month from your Network M
But if you quit your job and you go Network Marketing full-time, and you’re making $5000 a month, you’re broke like everyone else.
That’s kind of the median income in the United States anyway, about $5000 a month.
Half of the people make less than that, half of the people make more than that, but you know that if you make $5000 a month, you don’t have any extra money. You don’t have $1000 a month to invest in real estate or equities or anything that’s gonna build wealth. You’re spending every nickel of that money, and that’s probably in a double-income family.
One of you makes $5000 a month, the other one maybe makes $7000-$8000 a month. You combine the two, you still don’t have $1000 or $2000 or $3000 a month to invest in wealth-building. You’re spending all of
So how do you build wealth?
Well, you build it through building a side income through Network Marketing. I’ll get to the numbers of that, but I just want you to think about if you get to $5000 a month in Network Marketing and you quit your job and go full-time, you don’t have any money anymore. You’re right back to where you were with
So think about this, if you hang on to your job, or you go find a job that you can actually enjoy that fits your lifestyle better, and you set your lifestyle up around your job income. So let’s say your job income is $5000, $6000, $7000 a month. Set your lifestyle up around your job income.
That would be:
- what kind of car do you drive,
- what kind of home do you live in,
- how do you spend your money?
Match it up to your job income and keep your Network M
What do you do with that mad money?
Well, there are lots of things you can do with it. You can pay down debt, if you have expensive debt then for sure the first thing is to pay that debt down. If you have debt that’s anything over 7%, 8%, 9% interest, pay that debt down first. But once your debts are paid off, other than real estate debts, what do you do with that extra Network M
Well if you’re doing this for wealth-building, invest it. Invest it in real estate, or invest it in the equities.
What I want you to think about is how fast you can get to rich, how fast you can get to wealthy, and how fast you can get to 10-foot-tall and bulletproof financially. How fast you can change the course of your family’s financial security for generations to come.
You can change it all in 10 years.
10 years of $5000 a month invested in the stock market, where the average long-term return of the stock market is about 10%. If you’ve got a significant amount of money, you’re not getting the small returns, you’re getting the good returns, and if you invest $5000 a month for 10 years folks, guess how much money you have?
Just over a $1,000,000 – $1,050,000.
You’re a cash millionaire.
That’s totally different.
You’re a cash millionaire in 10 years!
So if you’re working the four-year career, you can be at a cash millionaire place in 14 years. Now, I know 14 years may sound like a long time, but here’s how I want you to think about it.
I want you to think about 14 years ago?
I’m 63, I was 49 years old 14 years ago. Right? I remember that like yesterday.
My 50th birthday, I took this epic Harley trip from Northern Idaho to Cabo San Lucas. I took a half a dozen of my buddies, we rode our Harleys down to Cabo and came back for my 50th birthday, and then I realized this Vision that I’d had since I was 22 that the Doobie Brothers would play at my 50th birthday party, and they did.
I actually sang on stage with the Doobie Brothers on my 50th birthday, or a couple of weeks after it. I remember that like it was yesterday, right? 14 years ago!
Guess how fast 14 years is coming? Like light speed!
It doesn’t matter if you’re 63, like me, or 43, or 73. It’s coming anyway, right? So in that period of time, if you set your life up on your job … change your job if you don’t like it, but use all of your Network M
In 14 years, you can be a cash millionaire.
Now what does that mean? Well that means that at 10%; you invest that million dollars at 10%; you are earning $100,000 a year just in interest.
That’s over $8000 a month in income off that million dollars!
You’re earning more money every month off the income of that million dollars than you used to build up the million dollars. The $5000 a month.
So if you’re still earning $5000 a month from your Network M
Now let’s just say you hang onto your job for another five years, depending on how old you are. In another five years, if you invest the $13,000 … you just let the interest from the $1,000,000 pile up and compound every month, and you keep adding that $5000 a month to the million. Now in five years, you have $2,000,000. And $2,000,000, folks, will pay you $200,000 a year for the rest of your life. And guess what? It’ll pay you $200,000 a year for the rest of your kids’ lives.
Imagine you had two kids, and the day they graduate from college, what they get is $100,000 a year for life. Now, I know that could ruin some kids, but let’s just say your kids were developed and raised with good character, good morals, and good thinking. By the time they graduated from college, they had some maturity developed, they understood something about money, and they inherited, or were provided, through the family wealth, $100,000 a year for the rest of their life.
Now here’s what I want you to think about.
I want you to think about your life.
I want you to think that you graduated from college and, because your family was wealthy, the family attorney sat down with you and said, “Karen, now you get to access the family wealth, and here’s how the family wealth works: you have an income Karen. $100,000 a year, $8300 a month for your entire life.
- e’re not suggesting you don’t work.
- We’re not suggesting you don’t have a business.
We’re just telling you, on top of everything you do, to go out and produce a contribution in the world; for you to make your mark and make a difference. You have a base; you have a floor. You have the security of knowing that you’re always gonna earn $8300 a month, no matter what.”
$8,333 per month. Roughly. $100,000 a year.
Here’s what I want you to think about.
- What kind of decisions would you have made differently about your life?
- Would you have made different marital decisions?
- Would you have made different living arrangement decisions?
- Would you have made different career decisions?
- Different education decisions,
- Different health decisions,
- Different travel and adventure decisions,
- Different friendship decisions?
That’s it for Part 1 of this post … Stay tuned for Part 2 and remember …
The work is worth it.
P.S. Comment below and let’s talk about how much you’ve been able to earn on the side for investing in your future.