GVO Guru

MLM Downline And Why MLM Success Is Tied To Income

I guess it depends on where you are financially.To some people, being able to eat out regularly makes them rich, while for others, a hefty bank account can only make them wealthy.Then there are the select few like myself that believe being rich really isn’t a hard amount but being able to generate income monthly to cover all expenses.

So that really depends what it takes for you to live per month. While $2000 would suffice for some, others would need at least $4000 a month to see them through. Some have their house paid off and others would prefer to always have a newer car around.

So if you have a monthly need of $4k/month and you had $500,000 saved up, how long would it take to run out of money if the money is getting 0% return?That is $48k/yr needed which would mean you would run out of money in 10.5 years.

If you were to calculate what you would need to live, take care of your kids wedding/college/living, and emergency money then it’s going to be more than $4k/month for most people. Even if you were to put the $500,000 in a 3% interest bearing account that really won’t help you.

If you need this kind of income, you’d need income flowing in even when you’re not doing regular work. By this, I don’t mean the yearly vacation time you get. If you were to take 6 months off and not dip into your savings/college/emergency fund then in my opinion you are rich. This is possible IF you had a healthy MLM Downline pulling you some serious residual income.

There are obvious differences in the amount you’d need depending on your location; in Texas, you could get a decent house for as low as $200000 while in the West or East, you’d need twice that amount. So obviously you can’t live on the same monthly passive residual income. The same goes for any MLM Opportunity as all are not created equal so don’t get fixated on the advertised income claims.

At work I’m part of a million dollar project. When the project goes live, we expect a return of 100x to 200x in the next few years. Now if I could only get a residual payment for everytime my design was used… ;( But then, the truth is, neither the design’s mine nor the company. These are situations when having your own business beats working for someone else.No matter how awesome your product that you help invent you will not get the residual income form it vs when you own the company. However, marketing multilevel companies, don’t just aim at your friends or relatives.

Do it correctly and get paid over and over again? Now that is a fantastic idea! Generate some MLM leads and learn how to leverage a team of people to help you reach your goals of being Rich.

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