Residual Income! How Much Passion Does it Take to Produce Residual Income?

We have just finished crowning the winner of the Super Bowl and presenting the winner with the Lombardi Trophy.  Congratulations to the Denver Broncos for the great win over a team that had steam rolled over everyone in the regular season and the playoffs.  The Carolina Panthers seemed unbeatable.  I am from Colorado so I am happy the Broncos won, but more than the win, there are some very personal stories that come from football.  Many people show courage and hard work to get to the upper echelons of football.  Just like making and income with residual income, professional football players need to have a passion that will not quit.

One such player didn’t make it into the Super Bowl this year, but he has won a quit a few and been in the playoffs many times.  That player is Tom Brady.  He is one of the all time greats of football.  Drafted in 2000 he was the 199^th pick.  He went on to win four Super Bowl rings.  He was the Super Bowl MVP three times, 11 times all pro, six times AFC Champion, AP male Athlete of the Year in 2009, and the New England Patriots all time best quarterback.  He was not supposed to be so great.  He was not given the great chances in life.  In fact, he was not supposed to play pro football at all.

When Brady started his high school career he was not even good enough to be a starter on his JV team that went 0-8.  Because the starting quarterback was hurt Brady finally go his start.  He struggled to get on the radar of college coaches.  He created highlight tapes and sent them out.  This got the attention of University of Michigan where he started there as backup quarterback.  He spent most of his time at Michigan battling for a starting position with Drew Henson.  He finished his college career with a 34-33 overtime win against Arkansas in the Orange Bowl.

You would think that he would be a shoe in for pro football.  His scouting report read that he had a poor build, was too thin, would easily be knocked over and hurt.  The only team that came calling was the New England Patriots.  He was drafted in the 6^th round and was the 199^th pick.  Brady finally got his chance to start when Drew Bledsoe was injured.  Since that time he has gone on to be one of the top quarterbacks in football.

He learned to become comfortable proving himself every day.  He followed the advice of the great Vince Lombardi, “The price of success in hard work, dedication to the job and hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.”

It takes the same thing to have any kind of success in a residual income business.  Steve Jobs said that you have to love what you do because it’s hard.  Having success in a residual income business is hard, but if you are will to pay the price of success it is very rewarding.

Let me be your coach.  I am taking 10 people in 2016 to train them in how to generate a residual income.  If you are struggling in you finances, go to www.incredibletransformation.com.  Give me your information so we can talk about your future.

Generating Residual Income! Generating Residual Income Is It the Best Way to Accumulate Real Wealth?

I am not a political person, nor am I going to make this article a rant about my political affiliation, but I was listening the Bernie Sanders a few minutes ago.  He said that since in early 1990’s when NAFTA was created we have lost 60,000 American factories to places like Mexico and Vietnam where the labor is much cheaper.  I believe the minimum wage in Vietnam is sixty-five cents and hour.  How can we possibly compete with that?  We require a job that pays at least $15.00 per hour in order to survive.

The only way we will survive in America is with the possibility of generating residual income.  So many people do not know what residual income really is.  There are two aspects of residual income that are sooo good.  One is that once you work for it, it pays you over and over again.  Generating residual income is based on our efforts, not our time.  If you put a lot of effort into it when you first start a business then you will not have to put as much into it later.

It will even pay your children and your children’ children.  I would love to know that my grandkids have a secure future in an economy that seems to be failing more and more every day.  Their future is not nearly as secure as my future was when I graduated from high school.  There were plenty of high paying jobs then.  Now they are virtually gone and when you find one you will want to hold on to it because it is precious as gold.

An income that pays you over and over again for you efforts is just one good thing about generating a residual income.  The second thing that is so good about it is it allows you to leverage other people’s talents.  That’s called the compound effect.  Once you start compounding your efforts with other people’s efforts, your business can grow very quickly and keep growing exponentially.

The problem with generating residual income is that it can be a difficult thing to learn.  We are taught to generate employee income. That is just about the worst possible way to earn a living.  Generating residual income is a much better way to make money but it can be a difficult transition from employee income to residual income.  You will need someone to come along side of you and coach you through the first six to eight months.  That is the best way to make generating a residual income viable for you.  You will need someone that is trained and has done this before.

Let me be your coach.  I am taking 10 people in 2016 to train them in how to generate a residual income.  If you are struggling in you finances, go to www.incredibletransformation.com.  Give me your information so we can talk about your future.

Back to Business Fundamentals! Slay dragons by going back to business Fundamentals

The Super Bowl is upon us.  In just a few days we will find out who the greatest team in football really is; the Denver Broncos or the Carolina Panthers.  After all the hype, advertising, and glitter of Super Bowl week it will come down to the game and who plays a better game.  The coaches that win the most are doing one thing right now, going back to the fundamentals.  I’m sure the Cam Newton and Payton Manning are throwing ball after ball after ball this week, keeping their skills sharp.  They, along with the rest of the team are studying the playbook and practicing fundamental plays.  The team that has their plays down the best will be the team that wins.

We all think that there is some magic pill or potent that will make us rich and give us the edge in business.  That’s not true.  The one thing we need to do is go back to business fundamentals.  Going back to business fundamentals can be boring.  Success is boring.  It’s doing the same thing over and over again.  You do it enough and you will achieve success.

When you go back to business fundamentals in a residual income business it means you have to master the art of prospecting.  That means doing lots of prospecting for a while until your business finally takes off.  Only then can you back off the gas a rest a little bit.  The fundamentals of prospecting revolve around the 3X30X5 principle.  It means that you prospect three hours a day, five days a week.  Let’s face it if you don’t have 15 hours a week to put into your business, you aren’t really serious about it.  Then you make 30 calls an hour.  You should be able to make that many, depending on how many people you get on the phone.  The last is getting five people committed to your presentation every day.  That means that you show your business plan or presentation to 25 people every single week.

Here’s the deal, people aren’t going to buy from you unless they know you are out there and they can buy from you.  That’s just the way it is.  There is no such thing as that magic person that is going to take your business to the top.  They don’t exist.  If you only show your product or service to one person a month you will not have a sustainable business.  Prospecting is one of the business fundamentals that you need to master in order to have a large residual income.  Go back to business fundamentals and you will win.

If you want to know more about the business fundamentals of a residual income business, how to have a lifetime income, or how to leave a legacy, go to www.incredibletransformation.com, give me your information because I want to talk to you.