Archive for July, 2009

Debt Free With $100 Per Month

Most people think you need a lot of extra money coming in to pay off their debt. I would like to show you that by getting a monthly profit in your life of $100, you can pay off your debt, including your mortgage, in 7-8 years depending on the amount of debt you have.

First, I want to make sure we are clear on the concept of profit. If your finances are like a bathtub, with drains representing your expenses and faucets, you income, you have two ways to raise the water level. One is to close drains such as cutting out things you no longer need or are providing value for you. The other is to increase the number of faucets or turn existing faucets on higher. The best is a combination of both.

You also need to understand that you need to stop creating more drains.

When your water level rises, that’s profit. With as little as $100 per month, you can use the military concept of strategic concentration to paying off your debt.

Take an inventory of your debt, including the amount, payment and interest rate. By adding the $100 to the easiest paid off debt, you can accelerate its pay off. You then snow ball that payment to the next account. Your mortgage will probably be the last

Starting a home based business can be a very good way to increase the faucet flow into your financial bathtub. To find out if that’s appropriate for you, check out the free CD by Robert Kiyosaki at FreeRKCDForYou.com.

Technorati Tags: , , , , , , ,

Leverage – The Secret of the Wealthy

Leverage is a concept where through a mechanism, the result is much larger than the input. Mechanical leverage is where you can move large objects with less effort. Financial leverage is where you can control a larger amount of money with a small amount. Time leverage is where you receive more benefit than the time that you put in.

Time leverage is one of the advantages to network marketing. If you labored every minute of the day, at most, you could benefit from 24 hours of effort per day. As you build your network marketing team, you benefit from the labors of your team members. If you have 100 members and each of them put in just 1 hour of effort per day, you would benefit from 100 hours of effort per day on top of your own. J. Paul Getty once said, “I would rather have the results of 1% of 100 men’s efforts than 100% of my own effort.”

There is also synergy with leverage. In that 100 person team, if one person has an emergency and can’t put in the effort, only 1% is lost. If you can’t put in the effort, 100% of your effort is lost.

There will come a time when your group reaches a critical mass and the amount of benefit you receive makes your effort seem like a speck in comparison. It will continue to grow, even as your effort drops off.

This is just one advantage of network marketing.

If you would like to see if network marketing could help you achieve your lifestyle freedom, get your free CD by Robert Kiyosaki called, “The Perfect Business” at FreeRKCDForYou.com.

Technorati Tags: , , , , , , , , , , ,

  

Switch to our mobile site