Compounding Your Income, Your Income Compounded vs. Your Employee Income

What exactly do I mean by compounding your income?  This is what it means.  It means that you compound your efforts with others efforts in order to make an income that will become very significant over time.  It means using other peoples talents to not only develop and income for you, but also an income for them.

Your income compounded will grow exponentially over time.  When one person helps you and they add ten people and then those ten add ten more you can become very wealthy over time.  That’s not the way it works with employee income.  Employee income only depends on the work of one individual, that’s you.  You work for it and you earn it.  Once you make it you make it you have to do effort over and over again in order to continue to receive income.  Once you get so you can’t work or you get laid off the income will stop. 

That’s not the way it works with compounded income.  Once you make it, it will pay you over and over again.  There are several ways to make compounded income.  There is royalties from music, videos, movies, books, and such.  That is a great way to make a residual income if you are talented and lucky enough to be able to get your book or movie popular.  You do the work once and then you can make residuals for many years to come.  The problem with this kind of income is that it will diminish over the years.  The older the book, movie, or video becomes the less it is played.

The other way to make compounded income or residual income is with real estate.  Have rental properties and having someone manage them is a way to have compounded income without having to work for it.  The problem with this type of income is that you have to have a lot of inventory in order to make a great income with it.  How many apartments do you have to buy in order to have a good income that way?

The other way is network marketing.  This is probably the best way to make income by compounding.  The investment is low, the inventory is almost completely nothing now because the Internet age has made it possible for people to order their own products so you don’t have to stock any inventory for them.  It uses the compounded efforts of everyone you put into you group.  This allows you to build a large organization of people that will continue to grow.  As long as the company is in business you, your children, and you grand children will have an income.  The only problem with network marketing is you have to become your best self in order to make it and you have to discipline yourself to stay with it until you make it.

I am taking 10 people on the journey of a lifetime into world of residual income.  If you want to see if you qualify for this journey go to www.incredibletransformation.com, give us your information so we can see if you qualify.

Residual Income, The Story of David and His Journey to Residual Income!

The journey to residual income can be fraught with failure, unfairness, and things in life that mercilessly try and keep us from being great.  Let me tell you the inspirational story of David and how he finally came to greatness.  

David was born on September 9, 1890 in Henryville, Indiana.  He was the oldest of three.  His dad was a butcher.  He died when David was five years old.  His mom had to work long hours and David was forced to take care of his younger siblings.  When his mom remarried in 1902 at the age of 12 David didn’t get along with his step-father so he quit school in the 7^th grade and was on his own.  At 16 he faked his age and went into the Army.  He was discharged a year later. 
He married at 19 and had a son.  His son died of infected tonsils when he was an infant.  David wen to work on the railroad and was fired for brawling with co-workers.  He studied law by correspondence and had legal career ended rather abruptly when he had a brawl in the courtroom with his own client.  He was forced to move back in with his mother and he got a job as a cook.  He became an insurance salesman and was fired for insubordination.  Another company hired David.  He earned enough money to start a ferryboat company.  He cashed in his shares at the ferryboat company and started a lamp manufacturing company that went out of business.

He moved for Kentucky and got a job selling Michelin Tires.  He lost that job when the store closed.  In 1924 he by chance met the General Manager of Standard Oil.  He asked David to run a small gas station in Kentucky.  It went out of business because of the Great Depression a few years later.  Standard Oil offered him a gas station rent-free for a percentage of sales.  David started serving food at the gas station and a local critic gave it some local acclaim.  This lasted for nine years until it burned to the ground. David had it rebuilt into a 140-seat restaurant.  Two year later the U.S. entered World War Two and the tourism business dried up.  He was forced to close and work as an assistant restaurant manager.

Ten years later he tried franchising his restaurant idea to a guy in Utah.  There sales tripled on one idea, chicken.  See that success several other restaurants also started franchising.  They paid him 0.04 cents a chicken.  This was not enough to sustain him and his new wife.  He was now 65 and he hit the road.  Often sleeping in his care he would go to a restaurant, cook them some chicken, and if they liked it he would negotiate franchise rights. At age 74 he sold the rights to Kentucky Fried Chicken for two million dollars, about fifteen million in today’s money.  He retained Canadian rights and served as ambassador for Kentucky Fried Chicken until a month before he died at age 90.  

The path to Colonel Harlan David Sanders success was a long and tumultuous one.  The path to making money with residual income can also be long and tumultuous but if we never give up, it can come at any time.  It can even come when we are in our 60’s or 70’s.

I am taking 10 people on the journey of a lifetime into world of residual income.  If you want to see if you qualify for this journey go to www.incredibletransformation.com, give us your information so we can see if you qualify.

Passive Income, How Much do You Need to Believe in Yourself to Achieve a Passive Income?

“The only thing standing between you and your goal is the BS story you keep telling yourself as to why you can’t achieve it.” Jordan Belfort

Jordan Belfort is known as the “Wolf of Wallstreet.”  I have never seen the movie.  It’s got way to much depravity and obscene language in it for me.  Jordan Belfort was one of the biggest players on Wallstreet.  He commanded a huge amount of money at one time.  His net worth was somewhere around $200 million.  Until it was found out that he was a fraud.  His get rich schemes finally landed him in prison.  He spent 22 months in prison and had to pay back over one hundred million in restitution. 

While he was in prison his cellmate was Tommy Chong.  He encouraged Jordan to become a motivational speaker when he got out of prison.  That is what he did.  Jordan is now a sought after motivational speaker around the world. 

What does all of this have to do with achieving a great passive income?  Exactly what are you dreams and goals in life?  What is it that you want to achieve?  Are you achieving your goals in life?  All of those questions need to be asked.  If you aren’t achieving your dream that means that you aren’t doing something that you should be doing. 

Passive income is one of the best ways to make you dreams come true.  But you have to grow and stop telling yourself all the stories about why you can’t achieve those dreams.  We all have those stories.  I’m the queen of telling myself that I can’t achieve or I can’t do things because I’m not good enough or people won’t respond to what I do.  I tell myself these stories all the time.

What do you tell yourself?  What kind of story do you have in your head that has been running around in it for so many years that you can’t remember?  I know that I have had these things in my head since my parents planted them there.  I was never good enough.  I could never be good enough or do enough to make them happy. 

Some people react to that abuse by trying to prove their parents wrong.  I didn’t do that.  I just went along and became what they wanted me to be; a person that never achieved my dreams and goals.  But no more.  I’m not going to tell myself any more BS stories about what I can or can’t do.  It’s time to achieve my dreams and I’m going to use passive income to achieve them.

I am taking 10 people on the journey of a lifetime into world of passive income.  If you want to see if you qualify for this journey go to www.incredibletransformation.com, give us your information so we can see if you qualify.

Residual Income, In Order to Be Successful Making Residual Income You Can’t Ring the Bell

What do I mean, “Don’t right the bell?”  When you go into a business that pays a residual income it can be very difficult to make the transition.   That’s because you are making income in a completely different way.  Employee income is trading time for money, residual income is trading effort for money.  It’s a totally new ball game.  However, if you master the art of residual income it can be a very rewarding experience.  You just have to stick with it and not ring the bell.

So few of us have ever even made it close to becoming a Navy Seal.  We have heard of the training that it takes but few make it through the 24-month training.  The SEAL candidates are exposed to the worst imaginable tests in the 24 months to see if they can push their minds and bodies beyond the limits of their capabilities.  One week is called hell week where the SEALS are not allowed to sleep and are put through tests that keep them cold, muddy, and wet the entire time.

Once they are done with Hell Weak, the training doesn’t get much easier.  The recruits go on for underwater training in San Diego for scuba and drown-proofing; in the mountains of Southern California for rappelling, mountain climbing, explosives, small-unit movements and tactics; and San Clemente Island, Calif., where they take a final land-warfare exercise in a real-time environment.
This means graduation from BUD/S. After graduation, its on to Fort Benning, Georgia to learn the basics of static-line parachuting, followed by 15 weeks of SEAL Qualification Training (SQT) before a final three weeks of Extreme Cold-Weather Survival.  They are sent to Kodiak, Alaska where they must survive three weeks in the cold. 

All of this training teaches them two things.  Number one, the resilience of the human spirit.  The mind and the body will almost give up in these extreme circumstances but the spirit keeps them going.  Also, they learn to rely on each other.  They need each other to keep themselves going during the weeks of torture and training.  All the time there is a brass bell in the middle of the training grounds.  All they have to do is ring the bell and they can quit no questions asked.  Over 70% of all SEAL candidates quit before the end of Hell Week.  

When something gets difficult for you, what do you do?  Do you quit when the going gets tough?  Do you get ready to ring the bell and just give up?  That is the problem when you go to making a living with residual income.  We give up before we get our breakthrough.  SEALS get a mindset that follows them the rest of their lives.  What’s your mindset?

I am taking 10 people on the journey of a lifetime into world of residual income.  If you want to see if you qualify for this journey go to www.incredibletransformation.com, give us your information so we can see if you qualify.

Can You Succeed With Residual Income From Home? You Must Go the Extra Mile To Succeed With Residual Income!

Can You Succeed With Residual Income From Home?  You Must Go the Extra Mile To Succeed With Residual Income!

The illusive work from home business.  I see so many wanting to be successful.  The truth is that most work from home opportunities are scams.  You pay the money to get started and it doesn’t work the way they say it should work.  You find out the totally scammed you and that you are out the money that you put into it.  Then you get into a legitimate work from home business and it just doesn’t work.  So can you succeed with residual income from home?

Yes, you can succeed with residual income from home if you get a legitimate work from home opportunity and you go the extra mile.  Going the extra mile and putting a little more into it than others is what will get you recognized and make you the money. 

I was at a Toastmasters meeting last night and one person was a great example of going the extra mile.  He got involved in a club that was failing.  The club was on a community college campus in El Paso, Texas.  It was down to zero members that were actually paying their dues.  There were limited opportunities to revive the club but this man said, “Not on my watch.”  He was not going to allow this club to fail as long as he was a part of leadership in Toastmasters.

He decided to become a student at the college and get a degree in Speech and Communication.  He was going in stealth because a beginning speech class for someone who is a seasoned Toastmaster is way too easy.  The teacher finally found him out.   She became his best supporter in rebuilding the club.  She joined the club and helped him rebuild.

Talk about going the extra mile!  He did get his Associates Degree in Speech and Communication.  How many of us will go the extra mile to have a residual income from home?  It is all worth it but it is also a lot of hard work to get started.  What will you do for your family, your community, and you dreams?  Will you go that extra mile to succeed with residual income?  My friend at Toastmasters did rebuild the club and now it’s a successful 15-member organization that is thriving.  He sees lives being changed all the time because of his work.  If that’s what it takes to succeed with residual income, will you do it?

I am taking 10 people on the journey of a lifetime into world of residual income.  If you want to see if you qualify for this journey go to www.incredibletransformation.com, give us your information so we can see if you qualify.

Residual Income, How to make a Residual Income with Affiliate Marketing

In this new age of wanting financial freedom we all want to find a way to make money online.  One way to make residual income is with affiliate marketing.  What exactly is affiliate marketing? 

Affiliate marketing is where you take a product (usually an intellectual product) that someone has produced and market it for him or her.  You usually make a percentage of that whatever you sell.  But so few people make any money affiliate marketing because they approach it the wrong way. 

First you have to find a product to market.  There are many places to find such products.  There is Clickbank, JVZoo, and many other places to find affiliate products.  If you just google “affiliate marketing sites” you will probably find thousands upon thousands of places that have affiliate opportunities.  Most of the gurus in the marketplace also have affiliate programs.  Some are easy and cheap to get into.

Then you need to pick your product.  Be careful.  There are a lot of scammers out there.  Don’t go spending tons of money on something that you feel is a scam.  Make sure you check out the product that you want to be a part of before you start marketing it.

There are many affiliate marketers that have their own marketing material and when you get someone to opt-in to your offer the email goes to the affiliate owners list.  You don’t want this.  You want to build your own email list.  You need to have your own capture page to capture their email address.  You need to have your own marketing campaign.  Why you ask?  If you are one in thousands marketing the same thing you won’t get very much money because you are splitting the money among many people.  However, if you have your own marketing and your own list you stand out in the crowd and you are much more likely to get sales.

You can make a good residual income with affiliate marketing.  It is one of the best ways to get started making a residual income online because it is fairly simple.  You don’t have to create a product of your own.  You have one already created for you.  If you want to make a residual income with and affiliate program you have to be smart and know what you are doing and you can make money off not only one affiliate product but many of them.  Once you get good at affiliate marketing then you will want to expand you horizons and either get into a network marketing program or make your own product. 

I am taking 10 people on the journey of a lifetime into world of passive income.  If you want to see if you qualify for this journey go to www.incredibletransformation.com, give us your information so we can see if you qualify.

Passive Income, Can you Market to Friends and Family and Make a Great Passive Income?

You just signed up for a network marketing company.  They told you that if you just get two friends in and those two friends get two friends you can make a great income.  Then you are told to write down a list of 100 friends and family that you know and they will show you how to market to them.  Does this ideas work as a way to make great passive income?

There are a few reasons why this scheme might not work as a way to make a passive income.

1.    Your friends and family are not targeted for your product or service.

Your friends and family are just that, friends and family.  They may not be the right people to get involved in your business or opportunity.  Why, because they just aren’t interested in it.  They may love you, but they don’t want or need what you are selling.  That’s okay, if they aren’t interested just travel on.

2.    Can you build a big passive income business with only 100 people?

What is the one institution where people commit to love, honor, and care for each other the rest of their lives?  Marriage!  We spend thousands of dollars on weddings, months of planning, and lots of headaches to marry this person that we just know we are going to cherish for the rest of our lives.  What happens?  Over 50% of these commitments end in divorce.  If that commitment ends in divorce, how many people that join your opportunity will also quit?  You need more than one hundred to build a six-figure passive income!

3.    Your friends and family could be difficult to convince.

Your friends and family could be a difficult sell.  They know you in one particular way and now you are going to do something different.  I might be difficult to get them to go along with you.  Even Jesus had trouble in his hometown.  How much trouble do you think you will have?

There are plenty of ways to get prospects that are interested in your product or service.  There is article marketing, social media, banner ads, solo ads, and PPC just to name a few.  You need thousands of interested people in order to have a great passive income.

I am taking 10 people on the journey of a lifetime into world of passive income.  If you want to see if you qualify for this journey go to www.incredibletransformation.com, give us your information so we can see if you qualify.