What It Takes To Retire Early With Residual Income
If you type in the words "home business" in any major search engine you'll quickly reach the following conclusion: There are no shortages of work at home opportunities available in today's marketplace. That being the case, deciding among them obviously requires an objective comparison of one company to the next. I won't list all the possible criteria for measuring a business or income opportunity here, but I will list one of the major ones--the compensation plan.
Now when you start comparing the comp plans of all the different companies you soon reach another conclusion--not all work at home opportunities are created equal. Perhaps the single greatest difference among them is whether or not they offer what's undoubtedly the most lucrative pay out plan ever devised. I'm referring, of course, to residual income.
One of the more obvious reasons that residual income is superior to all other plans is that it allows one to work smarter rather than harder. Meaning, no matter what business you're involved in, the only way to earn a profit is to first make an investment in the form of personal effort, time and capital. There's simply no way around that fact. So since you're going to make the investment anyway, why not work a business that will continually pay you month after month for that investment instead of one that will only pay you once?
This all seems simple enough, right? However, despite its simplicity and unmatched earning potential, it's not uncommon for people to balk at how time consuming or difficult it can be to earn a significant residual income, especially in network marketing.
Now I'm not hear to say that generating large residual checks is quick and easy, or that it requires little or no effort. Quite frankly, such a claim would be absurd, but it's equally absurd to object to the fact that earning a residual income is not this way. After all, one of the most basic laws of business is the proportionate relationship between risk and reward i.e. the greater the potential for reward, the greater the risk involved.
All this to say that, yes, in order to achieve the great benefit of receiving a sizeable residual check each and every month--regardless of whether or not you decided to work during those 30 days--requires that you first invest the necessary time and money into building a large enough client base to generate it. This may seem like a daunting task now, but once done, the rewards will last a lifetime.
In summary, no other form of compensation in the home based business world offers the long term security, freedom and independence as residual income. So if you have the opportunity to earn residual income in your home based business, then I encourage you to commit yourself to doing whatever it takes, for as long as it takes, to grow your monthly residual checks until they at least cover all of your monthly expenses. Trust me, there's no greater feeling than the one you get from knowing you're working because you want to, and not because you have to.
Now when you start comparing the comp plans of all the different companies you soon reach another conclusion--not all work at home opportunities are created equal. Perhaps the single greatest difference among them is whether or not they offer what's undoubtedly the most lucrative pay out plan ever devised. I'm referring, of course, to residual income.
One of the more obvious reasons that residual income is superior to all other plans is that it allows one to work smarter rather than harder. Meaning, no matter what business you're involved in, the only way to earn a profit is to first make an investment in the form of personal effort, time and capital. There's simply no way around that fact. So since you're going to make the investment anyway, why not work a business that will continually pay you month after month for that investment instead of one that will only pay you once?
This all seems simple enough, right? However, despite its simplicity and unmatched earning potential, it's not uncommon for people to balk at how time consuming or difficult it can be to earn a significant residual income, especially in network marketing.
Now I'm not hear to say that generating large residual checks is quick and easy, or that it requires little or no effort. Quite frankly, such a claim would be absurd, but it's equally absurd to object to the fact that earning a residual income is not this way. After all, one of the most basic laws of business is the proportionate relationship between risk and reward i.e. the greater the potential for reward, the greater the risk involved.
All this to say that, yes, in order to achieve the great benefit of receiving a sizeable residual check each and every month--regardless of whether or not you decided to work during those 30 days--requires that you first invest the necessary time and money into building a large enough client base to generate it. This may seem like a daunting task now, but once done, the rewards will last a lifetime.
In summary, no other form of compensation in the home based business world offers the long term security, freedom and independence as residual income. So if you have the opportunity to earn residual income in your home based business, then I encourage you to commit yourself to doing whatever it takes, for as long as it takes, to grow your monthly residual checks until they at least cover all of your monthly expenses. Trust me, there's no greater feeling than the one you get from knowing you're working because you want to, and not because you have to.
