Retirement Planning is that dread keyword that people shun away from because they typically know they are not prepared
Retirement Planning is of the top ten subjects talked about because it has a direct impact on your future.
I recently sat in “Simple Life Well Lived Seminar” where money was the topic. It was an unanswered question. How much is enough? You could say, when I get to a point in my life where I have this much saved up to last me for the rest of my life then I will quit focusing on increasing my nest egg and spend it on worthwhile things. But what is that number where you stop increasing your stock pile and start living your life? Truth is, average american don’t spend enough time on retirement planning. I will keep this post short and to the point.
The basic goal of retirement is to have enough assets that it will continue to pay you a residual income over time. Enough to last the rest of your life.
Typically those assets are a mixture of stocks, mutual funds, 401k’s, insurance policies and most important cash in saving accounts. The challenge with these investment vehicles becomes having a big enough stockpile to make the interest payments to you last a substantial amount of years. To simply gain a $1,000 a month residual income, that wont deplete the principle from any of the ways mentioned above, it would take a substantially large amount of money to start with. Here is something interesting though…
The basic goal of network marketing is to have enough people in your organization that it will continue to pay you a residual income over time. Enough to last the rest of your life.
Sound familiar? The goal of retirement and the goal of mlm or network marketing is the same. Just swap out the word “assets” for “people”. People means customers and customer gatherers. (really, in life, people and relationships are your greatest asset already but that’s a whole other post)
The principle in retirement planning that allows you to put a little bit of money aside each month on a consistent basis for an extended period of time and come out at the end with that substantial amount needed. It is the same principle in network marketing that allows you to work part time, put a few customers and distributors into your organization every month on a consistent basis, for an extended period of time and come out in the end with that substantial amount of customers needed.
Its the same selling point banks use. You do not need to come with the whole million dollars yourself, let time, geometric progression and compound interest do the heavy lifting, you just do your small part but consistently and for a good amount of time.
Forbes Magazine did an article on baby boomers and mlm. The title was, “Would you join a Multi-Level Marketing company for retirement income?” I will quote one paragraph here.
MLM and direct selling programs also offer very low barriers into entrepreneurship, often providing training, support, and ample encouragement along the way. As retirees begin to realize they need activities that keep them busy, relevant, in good health, and connected to others, the time, energy and cost to participate in these kinds of companies make them very appealing to large segments of the population caught up in these dynamics. -Robert Laura
All I am saying is it is an option that needs to be considered. Over the next ten years you will see the network marketing profession gain more exposure than it ever has before. It will become more mainstream and embraced at a level that will substantially increase the sales products made through a network marketing company
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