| You can focus
your efforts on the instant gratification of short term cash flow or
concentrate on the
slower developing residual income that keeps
coming long after you have quit working. Seldom
can you have it both ways. Think through
realistic projections. Usually a year or two of
hard work making a modest return while building a
lifetime residual income is a wiser choice.
Think, then pursue your realistic goal with
diligence and anticipation.
Think about the ramification of
things. For example, would you rather have a
million dollars today or a penny today and then
double it every day for the next 31 days.
(See the results here)
The power of compound
interest and the power of building residual
income can both be easily missed and thus
sacrificed while pursuing "this weeks paycheck".
Don't let that happen to you.
For example, assume that the
current interest rate at the bank is 5%. How
much would you have to have invested to generate
an income of $1000 per month? Well, that would
be $12,000 per year income. At 5%, you'd have to
have a total of $240,000 invested to get that
income. Now let's same you've invested
your time in a good residual income opportunity
and it's taken you 2 years to get to where you
have a residual income of $1000 / month. Was it
worth it?
You essentially put $240,000 in
the bank in that period of time. DO NOT
underestimate the value of working for residual
income! The challenge most people have is that
they do not have a clear understanding of the
nature of growing an income like this. Let's
take the very simple, inexpensive yet highly
proven Fortune 500 company;
GDI or
Global Domains International.
If you were to join with them as
an affiliate and start building a lifetime
residual income, what might the growth curve
look like? This is an opportunity that
takes a minuscule investment of $10 each month
plus some time and effort. They pay you
only $1 per month for each person you bring to
join their domain and hosting services. Each
person that your referral brings that gets the
$10/month service also pays you $1. That
same fee is paid to you down 5 levels.
At first glance, this seems like
a "joke". Do not be deceived. Because of
the power of multi-level compensation, the
extremely low "quitting" rate, and the value of
residual income, this opportunity is making
millionaires out of many, many ordinary folks
who "see the vision". Let's look at the reality
of slowly the residual income starts but then
how monumentally it rewards those who persevere.
(Don't forget the Penny a Day vs Million Bucks
example).
Let's just take a couple of
examples. If you just found 1 person every
month that caught the vision, invested their $10
per month and then they did the same, this is
what the summary would look like for the first 2
years.
| Total Per
Period Income at end of Period 6 - |
$62.00 |
| Total Per
Period Income at end of Period 12 - |
$1,585.00 |
| Total Per
Period Income at end of Period 24 - |
$55,454.00 |
Now, most people don't have an
understanding of the time element in growing a
business with a residual income. At they end of
6 months if they were experiencing this exact
growth rate, they would likely quit. It
would be easy to think: "I've been working at
this for 6 months and I'm only making $62 a
month - it isn't worth the effort." There
are two common errors in their vision when they
think this way:
1. They forget the value of residual income.
Even that small $62 / month is worth
(62*12)/.05=$14,880 if put in the bank at 5%.
2. Even a more serious error is neglecting the
"compounding" effect that takes place over time
as the people you introduced start doing the
same. In this example if everyone found one new
business partner each month within your
"downline", at the end of 2 years you'd be
making $55K per month. Now that is POWER and it
is not undoable.
Let's show another much more
conservative example and say everyone (you and
your "downline") only found 1 person every 2
months... here's what the summary would be like.
| Total Per
Period Income at end of Period 6 - |
$10.00 |
| Total Per
Period Income at end of Period 12 - |
$105.00 |
| Total Per
Period Income at end of Period 24 - |
$2,326.00 |
| Total Per
Period Income at end of Period 36 - |
$16,530.00 |
| Total Per
Period Income at end of Period 48 - |
$68,138.00 |
While these are only theoretical
examples, they illustrate the point and it is
easy to see how a person could do significantly
better than these examples if they took their
business building seriously. If they do nothing
or little, they might end up with little or
nothing (unless one of the few people they
introduced caught the vision and properly worked
the business).
The value of a significant
residual income boggles the mind. Find a good
opportunity to build one and dedicate yourself
to going after it. Because of the corporate
solidarity, the low cost of participation, the
wide appeal and very low rate of people
quitting, I am convinced that for most average
people,
GDI or
Global Domains International. provides the
best opportunity available on the planet right
now. If a person must have short term cash flow,
then they should combine this with some proven
"job" type moneymaker like
ProjectPayDay and work them together for
lifetime financial freedom.
For More Examples See:
Affordable
Web Hosting and Long Term Costs
|
A Million
Bucks
Would you Rather Have
a Million Dollars Today
or
A Penny Today And Doubled Every Day For
The Next 31 Days |
| |
|
|
1 |
$0.01 |
|
2 |
$0.02 |
|
3 |
$0.04 |
|
4 |
$0.08 |
|
5 |
$0.16 |
|
6 |
$0.32 |
|
7 |
$0.64 |
|
8 |
$1.28 |
|
9 |
$2.56 |
|
10 |
$5.12 |
|
11 |
$10.24 |
|
12 |
$20.48 |
|
13 |
$40.96 |
|
14 |
$81.92 |
|
15 |
$163.84 |
|
16 |
$327.68 |
|
17 |
$655.36 |
|
18 |
$1,310.72 |
|
19 |
$2,621.44 |
|
20 |
$5,242.88 |
|
21 |
$10,485.76 |
|
22 |
$20,971.52 |
|
23 |
$41,943.04 |
|
24 |
$83,886.08 |
|
25 |
$167,772.16 |
|
26 |
$335,544.32 |
|
27 |
$671,088.64 |
|
28 |
$1,342,177.28 |
|
29 |
$2,684,354.56 |
|
30 |
$5,368,709.12 |
|
31 |
$10,737,418.24 |
|
|
|
|
Back To Article |
|
