What is Residual Income?

How can Residual Income give you more money each week?

 

Creating Wealth is not a Mystery – It is a Formula

This formula puts money in your bank while you are sleeping.
How would this make you feel?
It is the formula used by the wealthy people of the world.

 

 

Imagine $$$ while you are sleeping

Would you like to know the formula?

A few questions to ask yourself first. 
1.Are you working for money or is your money working for you?
2. What happens if you don’t go to work? Do you get paid?  Forever?
3. Are you a casual – paid by the hour? What happens if you don’t go to work or are sick?  Will you survive?
4. Are you a victim of linear income – money paid in exchange for your time.

Leverage Your Income

Most people exchange time for money. This is a fair and a good way to make a living. However, this does not give you the ability leverage your time or your income. There is no financial leverage – unless you are the boss and you have enough employees that you don’t have to go to work. This is rare
Basically, if you are not at work, you do not get paid. Your income will never rise past a certain point. It is dictated by the number of hours available in your working life.
The wealthy do not earn this type of income.

The wealthy people of the world are wealthy because they know of and utilize the formula for creating wealth.

They take advantages of the power of leverage and earn Residual Income.

What is Residual Income?

• It is money, which keeps coming in long after you have completed the work.
• It is the kind of income that business people and investors draw from their stock dividends.
• It is the kind of income that authors and songwriters receive as royalties.

The Difference
Linear income can be likened to a wheelbarrow business. Once you stop pushing, the wheelbarrow stops. Once you stop working, no money comes in. It’s hard work!
Once you have established a Residual Income stream, it keeps flowing. It’s like throwing a pebble in the water – the ripples go on and on even when you can’t see them.

It goes on forever

True wealth is leveraged income. We can all have it.

Network Marketing and Leveraged Income

It is out there and plenty of businesses are offering it in a simple form and the best ones are network-marketing companies. Their system is based on this formula.
Millions and millions of people – in fact about 22 million worldwide are already earning a full or part time residual income from network marketing.

Why not you?

MLM companies offer a turnkey system which is simple. Everyone can do it.

Why a Turnkey System?

Because a turnkey system allows anyone to succeed, no matter what their standard of education.

J.Paul Getty the billionaire oil tycoon said ‘I would rather have one percent of the efforts of a hundred people than a hundred percent of my own efforts’.

Why? Because the formula for creating wealth is knowing about and using the power of Leverage.
If you want Residual Income – you must learn the formula which includes Leverage.

Thanks for reading!

 

Knowledge VS Wisdom

Knowledge is gathered from learning and education while most say that wisdom is gathered from day to day experiences and is a state of being wise. Knowledge is merely having clarity of facts and truths.

 

 

Definition

Knowledge is defined as:

•     acquaintance with facts, truths, or principles, as from study or investigation; general erudition.
•     familiarity or conversance, as with a particular subject.
•     acquaintance or familiarity gained by sight, experience, or report.
•     the fact or state of knowing; the perception of fact or truth; clear and certain mental apprehension.

Wisdom is defined as:

•     the quality or state of being wise; knowledge of what is true or right coupled with just judgment as to action; sagacity, discernment, or insight.
•     scholarly knowledge or learning.
•     wise sayings or teachings; precepts.
•     a wise act or saying.

Time

Wisdom is unchangeable. If a man is wise, he will exercise good judgment throughout his life while knowledge is an ever growing process. One may gain knowledge over time over even lose it when things are forgotten. Wisdom is presumably not lost once acquired.

Correlation

Since wisdom is a lifelong experience, it may also be enhanced through knowledge. Wisdom is also the common sense to apply knowledge. Some theories also suggest that while knowledge is gained from the outside world, wisdom comes from the divine and inner self. They are both related and cannot be applied without each other.

Application

Knowledge is the awareness of the right facts and figures and applying for use in everyday life. It may or may not be the right use. For example, dropping of the atomic bombs on Japan during World War II was an application of knowledge.

Wisdom is the understanding of facts couple with common sense and good judgment. The word has positive connotations which means it is used only for the right cause.

A simple example is that: Knowledge is knowing that a tomato is a fruit while Wisdom is not putting it in a fruit salad.

Source: http://www.diffen.com/difference/Knowledge_vs_Wisdom

10 THINGS YOU MUST GIVE UP TO MOVE FORWARD.

12 Affirmations for the Entrepreneur

 

1. Go for it. Having something half done is worse than not having it all. Commit to doing everything you can to make it work.

2. There’s always a lag between doing something new and seeing results. Don’t be discouraged if things don’t look up right away.

3. If Plan A doesn’t work, there are 25 more letters in the alphabet.

4. Ambition is good, but don’t always live for the ending. Enjoy the process of building something from nothing, meeting customers’ needs, and providing jobs for your employees.

5. Do you need to look at the situation from a new perspective to find the solution? A coach, a friend, or a walk in the park can sometimes help you see new options.

6. When you fail, you’re one step closer to success.

7. If you’re not failing, you’re not trying hard enough or pushing yourself enough. What would you do if you had no fear? Go do that.

8. Believe in yourself and your vision. Some days, that will be all you have.

9. Related to that, trust your gut. Your instinct can be more instructive than a million books on entrepreneurship. Don’t ignore the small, nagging voice when it wants your attention.

10. Don’t rely only on yourself, though. You can’t do everything. Find a great team and do whatever is necessary to keep them close. The road to success — or failure — is more fun with people who believe and trust one another.

11. Listen to the naysayers just long enough to hear what you need to refine your business. Then, tune them out. It can be helpful to hear criticism, but you should surround yourself with people who want to help fulfill your vision.

12. Be in love with the problem more than you are with the solution. In other words, care more about solving the problem than solving it the way you think it should work. Sometimes, your first hypothesis is simply wrong, and you need to be open to trying new things.

Employee VS Entrepreneur: 20 Differences

The purpose of this comparison is to help anyone decide what choice he needs to fully succeed in his life as a complete human being.

The entrepreneur described in this article is not just a self-employed person or one who merely owns a business, but a real entrepreneur who has transformed his business into a true entrepreneurship. Thus, we may also be comparing something “what we are now” vs. “what we can be”. There are many factors to be considered in choosing the best occupation for us. It doesn’t only include personal considerations, but also national consideration, such as the economic condition of our country. Like here in the Philippines, we need more entrepreneurs who will strongly promote capital, create more wealth, and provide more employment in our country. But again the choice is yours, and we are just here to provide you more information to help your make your best choice. The following are the things you might need to consider in picking the better occupation especially for you.

MENTALITY: Rich People VS Average People

THE rich think differently to the rest of us.

You need look no further than mining magnate Gina Rinehart with her “get out of the pub” comments or billionaire Clive Palmer’s plans to build Titanic II to see that.

The author of How Rich People Think, Steve Siebold, recently told the Business Insider the differences between how rich and average people think are numerous and extreme.

Here are 15 of his top insights:

1. Rich people think selfishness is a virtue Average people feel they need to save the world and put others before themselves which is keeping them poor. Rich people take the attitude that if they don’t help themselves first they can’t help anyone else.

2. Rich people have an action mentality You wouldn’t see a rich person lining up to play the lottery (even before they were rich). Average people are always waiting on someone else to help them get rich – the Lotto, Government, friend or spouse – but it only keeps them poor. Rich people take action and spend time solving problems.

3. Rich people favour specific knowledge over formal education Average people believe the road to riches is through doing masters and doctorates. Rich people are generally rich because they have made money selling a specific knowledge they have acquired.

4. Rich people dream of the future Rich people spend a lot of time looking into the future, setting goals and looking forward to what lies ahead. Average people dwell on the past which often holds them back by making them unhappy or depressed.

5. Rich people think about money logically Average and well-educated people can fall into the trap of thinking about money emotionally and just wanting to retire comfortably. Rich people maintain a logical relationship with money viewing it as a tool that represents options and opportunities.

6. Rich people follow their passion Oprah Winfrey said it – you’ve got to follow your passion and do what you love. Rich people find a way of getting paid for doing something they love. Average people earn money doing things they don’t love.

7. Rich people aim high Average people set low expectations to avoid disappointment whereas rich people set huge expectations and follow their dreams.

8. Rich people believe you have to “be” someone Average people on the other hand believe you have to “do” something to be rich and focus on immediate results. Rich people continuously focus on bettering themselves and learn from success and failures.

9. Rich people use other people’s money Average people believe they need their own money to make money whereas rich people have no problem using other people’s.

10. Rich people live below their means It seems contradictory to the above statement but rich people adopt the attitude of getting rich so you can afford to live below your means. Average people live beyond their means.

11. Rich people teach their children how to be rich Average people teach their children how to survive whereas rich people teach their children from an early age about the world of haves and have nots.

12. Rich people don’t let money stress them out Average people do. Rich people find peace of mind in wealth and are not afraid to admit that money can solve most problems – allowing them to make more money. Average people see money as a continuous battle and necessary evil they have to endure.

13. Rich people would rather be educated than entertained Average people are the opposite. They read novels, tabloids and entertainment rather than continuously educating themselves after school.

14. Rich people surround themselves with like-minded people Average people think rich people are snobs and have a negative attitude towards the super rich. Rich people steer clear of the doom and gloom attitudes and people – adding fuel to the fire of the “snob” label.

15. Rich people focus on earning Average people focus on saving and miss big opportunities by trying to live frugally. Rich people constantly focus on the big picture – and how to earn the big bucks.

 

(SOURCE: Sarah O’Carroll – http://www.news.com.au)

Thanks for reading. 🙂

How To Build A Prosperity Mindset

If you don’t already have a prosperity mindset, it might be a hard thing to imagine. There are certain ways you can chase your drIf you don’t already have a prosperity mindset, it might be a hard thing to imagine. There are certain ways you can chase your dreams while keeping wealth and prosperity in mind at the same time. A prosperity mindset encourages you to take action each day to improve your life on numerous levels, such as health, wealth, love or anything else you deem important.eams while keeping wealth and prosperity in mind at the same time. A prosperity mindset encourages you to take action each day to improve your life on numerous levels, such as health, wealth, love or anything else you deem important.

 

Study The Actions Of Successful People

Perhaps this is the most important suggestion. Learn by example. Find someone successful whom you admire and do what they do. Theseindividuals serve as proof that your dreams can come true.

• Find someone who has had the same kind of success that you desire.
• Study what they’ve done right as well as their mistakes.

It’s always easier when we have an example to follow. Find a way to ask successful people questions. You might be surprised to know that successful people love to inspire others to find success as well. They know that there’s plenty of success to go around. That’s the prosperity mindset in action!

It’s All About Being Positive

If you believe in yourself, you can achieve your dreams. The moment you think you can’tdo something, you can’t. You know that negative feelings arise from time to time and that’s okay. However, you need to keep a positive image of the big picture in your mind at all times.

• Picture yourself reaching your goals and imagine how it feels.
• Surround yourself with positive people.
• Write prosperity affirmations.
• Be an open person.

When you open up to new opportunities, you open up to prosperity. Stay motivated and don’t be afraid of change.

Setting Goals And Action Plans

You can dream all day about where you’d like your life to go, but without a goal or an action plan nothing will happen. Take time to think about the big picture and then draw in the lines of how you’re going to get there.

• Break down your goals into smaller steps.
• Set manageable and achievable goals.
• Stick to your plan whenever possible.

Don’t Give Up

You have to have the dedicated motivation and drive to tell yourself that you’ll stop at nothing before you reach success.When you talk to or study the actions of someone who is successful, they’ll likely tell you tales of their many failures. There were probably times when they felt like giving up, but they were able to push through defeat.

• Realize that everyone feels like giving up, but we can’t give in to these feelings.
• Keep the image of your goal in your mind.
• Make changes if you need to, but continue taking action toward your goal.

Get A Life Coach

People with prosperity mindsets are all different. They have different approaches to getting what they want and they have different definitions of what prosperity is for them. There are certain things they do have in common though. They all have a hungry enthusiasm for life and a positive attitude that they’ll continue to use on the journey forward. If you feel that you lack any of the core beliefs and are still unsure about whether or not you can adopt a prosperity mindset, you could always look into getting advice from a life coach. They’ll be able to break down your problems and concerns and tailor a plan that will work for you personally. When you implement these strategies, you’ll gain a renewed prosperity mindset that will help you on your life journey.