Friday, 13 July 2012

WHY YOU SHOULD HAVE MULTIPLE INCOME STREAMS


Having multiple sources of income can greatly affect your finances. Even having an extra N50, 000 monthly can make a big difference. It can offset the cost of car loans, student loans, mortgage, and children’s school fees or even settle extended family issues. Even if you can adequately meet all your needs without much stress, you still need to fund those yearly family vacations abroad, or save for your children’s education abroad, or change your car or prepare for retirement, or just simply save for the rainy day.
     An extra N50, 000 monthly may look small to you, but you’re probably not making that much from your dividends in the stock market, or from your fixed deposit or savings account. Another way of looking at it is as a pay raise which would probably be due in 3, 4, 5 years. Either way, an extra 50k monthly makes sense.
    You could probably take 2 jobs to generate more income, but that’s not very convenient. You’ll probably have less time for the people you love, and the things you love and life would become more stressful, leaving you at risk of Hypertension, Peptic Ulcer, and other diseases of lifestyle. And that, my friend, is not so cool.
     Any extra income opportunity for you must be
·         Flexible: You need to be in control and call the shots.  You don’t need your time tied down at a second job.
·         Scalable: It must have the ability to generate substantial amounts of income. The last thing you need is a ceiling to what you can earn.
·         Sustainable: It must have the ability to generate cash on its own even when you are not working on it.
·         Easily affordable: It must not need large sums of money as initial investment.
So, I want to introduce you to your own business. Forever Living Products offers you a business opportunity as a distributor of their products which ranges from nutritional supplements to skin-care products to weight loss management products. The beauty about being a distributor for this company is that you don’t need large amounts of money to be a distributor compared to other companies. You operate a system called multi-level or network marketing, where you benefit from the efforts of all the recruited distributors under you, as well as enjoy the support of your recruiter (upliner). You receive monthly checks from the company monthly provided you and your team are working.
I will leave you with this quote by J. Paul Getty, an American Industrialist:
“I would rather earn 1% off a 100 people’s efforts, than 100% of my own efforts.”
For more enquiries, call 08035087631 or visit http://diary-of-a-network-marketer.blogspot.com/

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