Why You Must Leverage the Talents and Time of Others
by: CathyYeatts |
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If you are considering ways to supplement or replace your current job income, you are no doubt confused by the thousands of options available to you. Do you have a job in your company's payroll department? You could start your own payroll service. Maybe you are a sales representative for your company. So you're thinking about becoming a licensed real estate agent.
The one sticking point with these ideas is the fact that the income will rely completely on your ability to do the work. Need more money? You will have to do more work. Still need more money? You may find yourself working seven days a week. And if you need a vacation...get ready to do without any income for the time you take off.
In Robert Kiyosaki's bestselling book, The Cashflow Quadrant, we learn that employees and self-employed people are limited by the amount of time they can work. Since nobody can work 24 hours a day, there is an inherent limit on income potential.
Business owners and investors, those residing on the right side of Kiyosaki's cash quadrant, have moved beyond the exchange of personal time for money. These successful business people have created and implemented systems. These systems leverage the abilities, talents and time of others.
These systems make money for them, even if they are not physically at the business location. These systems, properly implemented, literally create money for the business owner/investor 24 hours a day, regardless of time and location limitations. This is often referred to as passive income.
A foundational concept for building wealth is that money must be harnessed to work FOR the owner. A traditional method for harnessing money for income is real estate investing. There is no doubt that real estate is lucrative; however, most investors will need access to large credit lines. They will also need to have substantial liquid cash reserves, for lending requirements and day to day operations.
If you do not have the credit and cash needed for real estate, there is another way to create passive income, leveraging the skills, talents and time of others. It's called Network Marketing.
If you have tried and failed with network marketing previously, take heart. It is no longer a necessity to chase down friends and family to join your business. The Internet is now changing how these types of businesses are built. In my opinion, Success University is a solid choice. This MLM company is a global, Internet-based opportunity.
Success University, an mlm premised on the power of personal development, is accessible to virtually anyone. Even without previous Internet marketing experience, you can begin creating extra income for yourself, on less than $2 a day. Success University, by definition, will train you to succeed. And in training others to succeed, your income will grow.
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About the Author
Cathy Yeatts in an online network marketer and Success University team leader. Experience Internet MLM success, and receive complimentary coaching and mentoring, as a member of Cathy's team.
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