Many people will work a home business to create a long-term residual income base for themselves and their family. The ultimate objective is to eventually allow them to separate their effort from their income, and not have their future depend on the financial security of a job, or being vulnerable to next recession.
Ask yourself these questions?
1. What is it worth to me?
2. How much money would I need to have in the bank (and never touch it) to create, let’s say,
$5,000 a month – every month – in residual income – at 5% annual interest?
THE ANSWER IS $1.25 MILLION DOLLARS!
Now, ask yourself a few more questions:
1. What is the likelihood that I’ll be able to save $1.25 million dollars over a working lifetime?
2. If you are really good at saving, your annual savings, until age 65, would have to be.
A. at age 30 – $30,000 per year
B. at age 40 – $48,000 per year
C. at age 50 – $80,000 per year
3. So, again, what is the likehood that I will be able to save this kind of money each year?
THIS IS THE REAL VALUE OF RESIDUAL INCOME
This is why most people will become involved with a home based business.
This is the reality of our business, and this is the reality that you must share with others.
The question you need to be asking yourself, and the question you need to be asking others, is:
LOOK AT THE FACTS
At a 5% CD Interest Rate, here is what you would need to have saved for
a specific level of long term residual income:
Monthly Income———— Annual Income——— Required Saving in Bank
$ 1,042 $ 12,500 $ 250,000
2,083 25,000 500,000
3,125 37,500 750,000
4,167 50,000 1,000,000
5,208 62,500 1,250,000
6,250 75,000 1,500,000
7,292 87,500 1,750,000
8,333 100,000 2,000,000
10,417 125,000 2,500,000
12,500 150,000 3,000,000
If you have interest in creating residual income for yourself please contact me.
To your success,