What’s the REAL path from financial struggle to multiple streams of income? HELP!?
Posted by JohnGGI’m in business, and I lead a team of struggling salesmen. They want to do well, but they face such financial challenges… I mentioned the idea of paying a monthly fee to put toward getting more business and I heard every excuse in the book.
I spoke with a marketing guru about this and he said that if my team struggles that bad, they shouldn’t be concerned about building their own business. But to that my question is, What should they be doing, then?
How do you really get from poverty and struggle to wealth? If one cannot employ "high end strategies" (stocks, business, real estate, MLM) from a place of debt and paycheck to paycheck then what CAN you do? What is right to do?
I understand that you’re not supposed to invest the rent money but if all you do is work a job for rent money then what will you ever have to invest?
I know this is kind of a loaded question for this kind of forum; but if there’s anyone who has been there and made it (or you’re on the guided tour up)HELP
The only path from struggle to wealth is to spend less than you make, it really is that simple.
If your boss came to you tomorrow and said "I can either lay you off or give you a ten percent paycut, your choice…", most likely you would take the paycut. So give yourself a paycut! When a check comes, regardless of the bills and the rent, take ten percent off the top and invest it in a broad market fund. (Something like ‘Spiders’, maybe…)
Pay off all your debt (smallest first until it’s gone, then the next, etc.)
Don’t amass any more debt.
Never drive a new car.
Never pay for coffee someone else made!
Branding Yourself Is One Of Most Effective Ways To Build Your Network Marketing Prospect List
Gotta have several irons in the fire. And don’t be afraid to take on small stuff. Walk dogs, sell your stuff on ebay, create web pages. As you go on you’ll gain experience, meet people, stuff will happen.
References :
The only path from struggle to wealth is to spend less than you make, it really is that simple.
If your boss came to you tomorrow and said "I can either lay you off or give you a ten percent paycut, your choice…", most likely you would take the paycut. So give yourself a paycut! When a check comes, regardless of the bills and the rent, take ten percent off the top and invest it in a broad market fund. (Something like ‘Spiders’, maybe…)
Pay off all your debt (smallest first until it’s gone, then the next, etc.)
Don’t amass any more debt.
Never drive a new car.
Never pay for coffee someone else made!
References :
"I came to this country with just the clothes on my back twenty years ago…." blah, blah, blah….
Wealth does not come from earning, it comes from not spending and from investing what you did not spend…
If all you do is work a job for rent money then you should move to a cheaper place or rent a few rooms to others.
References :
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