Did you know?
● 1% of the people in the world earn 95 to 96 percent of the money!
● 3% of the people earn 3 to 4 percent of the money!
● And finally 96% of the people earn 1% of the money!
This is true around the world, in every culture, in every economic system, in every political system.
If you want more money, you need to keep reading. Learn what each group of people is doing, stop doing what the 96% are doing and follow the lead of the big money earners.
Let’s start with the 96% people. They have jobs. They trade their time for dollars. If they want or need more money they have to work more hours or get paid more per hour. The problem with this income strategy is saturation. There are only 24 hours in a day and they are only worth so much to their boss. The money they can earn is limited by these two facts. This is the worst way to earn money.
The 3% that earn 3 to 4 percent of the money invest money to earn money. The big
problem with this income generation scheme is that you need money to invest! Even
if one of the 96 percenters does acquire money to invest, it is usually the result
of denying themselves things they want. The new house, car, clothes, vacation and
more are sacrificed and the money they save is invested. This leaves the problem
of how to invest. A 96er can try to invest on their own on a hit-
Finally let’s look at the 1% that makes 96% of the money. The 1% have many interesting traits, but for this article, the trait we will concentrate on is this: they have Multiple Sources of Income, or MSIs. (Click here if you are interested in learning more traits of the 1%.) They don’t depend upon just one source of income they have many sources. If one source dries up they have others to take up the slack. If a 96er gets sick and can’t work, the money supply quickly dries up. If someone in the 1% gets sick the money keeps on rolling in. It keeps coming even after they die. They simply pass the income stream on to their heirs.
You are probably asking what does the MSI look like and how can I develop some. Let’s start by describing what the MSI looks like.
The proper structure of the MSI is critical. First, it must require very little work after it is set up. Having 10 MSIs and working 4 hours a week at each one yields a 40 hour work week and you are back with the 96%. You will most definitely have to work to set up the MSI. You will have to put in consistent and sustained effort to start the MSI, but you should not work more then 10 hours a week to do so and the work should be enjoyable. But after it is set up it should require little work to keep it going.
Second, you will be working with other people and they will be working with you. The critical word here is “with” not for. They are not working for you and you are not working for them. Each of you will be independent business owners working for yourselves. But you will be working together. Your mutual goals to make money must create a healthy relationship where both of you advance by helping each other.
Third, neither party should directly make money from the other. Any money that exchanges hands should be for goods at cost. For example, if you provide training materials to someone the materials should be provided at cost. Your money does not come directly from another independent business owner, but from the company you are both representing.
Fourth, the company whose product you are selling should be reputable. It should manufacture quality products at a fair price. It must have a fair compensation plan and deal honestly with its representatives.
One last thing, you will be selling; at least when you are starting the MSI. A lot of people go weird when selling is mentioned and they shouldn’t. Everyone sells something. If you have a job you had to sell yourself to your employer. If you are not comfortable selling, there will be training available, usually provided by the company you will represent. If not there are many other sources.
If you are interested in developing some MSIs you are in the right place at the right time. But just as important, you must know it is the right place and time. I have been in the right place at the right time many times but I didn’t know it and I have missed many opportunities. Don’t let this happen to you.
We are actively working on developing MSIs. We would like to talk with you about the opportunities we offer. One could be right for you. Also we are always looking for more MSIs so if you have one and are looking for representatives please contact us.
There are three ways you can reach us if you are interested in making some extra money.
How To Make Money!
Multiple Sources of Income
A Secret to Riches