In 2008, the Great Recession hit my brick and mortar business especially hard. All lines of credit were called in from the banks…so we had to shut our doors, lay off employees and basically lose our shirts. I decided at that time to find a way to make passive income for my family and myself. I no longer wanted the headaches of traditional business. No more payroll taxes in my future. The Great Recession opened my eyes to see what was happening to my country and to small businesses and it made me realize that I had to find another way.
All signs pointed to the industry of Network Marketing as my answer. I picked up a book written by Robert T. Kiyosaki entitled The Business of the 21st Century, and read it from cover to cover. He says, “If you want a solid future, you need to create it. You can take charge of your future only when you take care of your income source. You need your own business.” Kiyosaki found that the business model that stood out from the rest was Network Marketing. Kiyosaki says, “If I had to do it all over again today and start from scratch, rather than building an old-style business, I would start out by building a network marketing business.” This concept made perfect sense to me; I just had to find the right vehicle.
There are many ways to make passive or residual income, but I think Kiyosaki is right, the best and most lucrative way is found in the industry of Network Marketing. So I started doing my research and it took me a while to find a business that I could work that met all of my requirements. My primary mission was that I did not want to sell anything!
I don’t know about you, but I was just so tired of being “sold.” I did not want to sell make-up, jewelry, vitamins, shakes, clothing or skin-care. These are all wonderful businesses and you can make a tremendous amount of money, just not my cup of tea.
The way I see it, the person who solves the biggest problems gets paid the most money. A huge problem that we face in America today is the cost of prescription medication. We have 50 million Americans without prescription coverage! The truth is that our population is aging and prescription medication is a way of life. After exhaustive research and with a little luck, I found a company that allows me to distribute a pre-activated discount prescription card that saves people between 10% and 75% on most prescriptions. The card is free and I give it away like candy. Each time the card is used at over 54,000 pharmacies’ nationwide and a discount is given, I make money. So I pass out discount prescription cards and I find others who want to do the same. EASY. SIMPLE. NO-SELLING. RESIDUAL INCOME. Thank you Great Recession for opening my eyes to the world of Network Marketing.
Fast forward the calendar to 2012 and it turns out that I was right about our economy. In fact, the New York Times reported that United States families’ net worth is the lowest in 20 years. According to the Federal Reserve, the recent recession has erased almost two decades of wealth for Americans. Median family income fell to $45,800 in 2010 from $49,600 in 2007.
The 8 million jobs lost to the recession cemented a decade of declining income. Roughly 60 percent of job losses fell disproportionately on mid-wage hourly positions, according to the National Employment Law Project. As a result, wage growth has been slower the past two years than at any time over the past 30 years, the Economic Policy Institute says.
Americans have to figure out what to do about money and their looming retirement. Last time I checked, you could not take out a loan for your golden years. So do your research and find a way to make residual income. There are so many options. Don’t let the economy steal your life’s savings again. Make a back-up plan and start today. Look to the industry of Network Marketing as your answer.
Are you making a back-up plan? Let me know what you are doing and how it is working for you.