Hi, guys. This is Marco Abanico with MLM Television.
1. Passive income
There are two sources of income. There is people who work for money, and there is money that makes money. There is linear income and there is non-linear income. Linear income refers to the direct exchange of time for money, and it is limiting.
Non-linear income is passive or residual income. It refers to income that does not come from the direct exchange of time for money. Whatever it is that occupies your time today, you need to find a way to begin to not only generate extra income, but to generate passive income.
Before you get involved in any network marketing business, ask yourself, does this have the potential to give me passive income.
Passive income is generated from Robert Kiyosaki’s Business or Investor quadrants, and not from the Employee or Self-employed quadrants. Make sure you are involved in a business that you can automate or in investment that are good. Investing without education is gambling whereas getting an education is enlightenment.
2. Leverage
100% of one person’s effort is not as sustainable as 1% of 100 people’s efforts. You can’t get it done all on your own energy and all on your current resources.
Leverage is using other people’s time, resources, energy, or money in small percentages that make sense in the bigger picture. Why is real estate so great? It’s great mostly because of the leverage that the banks give for Real Estate investments.
Why is network marketing so great? Because of the leverage of so many people’s efforts? Why is the stock market a shadow of its former self? Because noone is willing to give you leverage to buy anymore.
Leverage is one sure way to build sustainable wealth. If it’s all based on your personal effort, growth will be slow and the impact of failure might be difficult to bear. What are you doing today where you are using leverage?
3. Geometric Growth
Albert Einstein once said that the greatest investment of man is compound interest. Compound interest creates serious possibilities for financial stability.
Anything that can grow geometrically provides amazing possibilities. It defines the concept of seed, of growth, and of harvest. It is better to collect 1 cent that doubles everyday for 30 days than collect $5 million without interest today. That’s the power of compounding. Does your business venture have the potential for geometric growth? These key indices are why I personally enjoy the network marketing model.
If you are interested in knowing how I am building wealth, follow the link associated with this video, input your name, e-mail address, and phone number, and I’ll show you how I am doing it.
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