| Were your parents wealthy? | | | | (for the most part) and collect the check. |
| My parents did OK, and they did even start their own | | | | People who earn royalties on books, movies, or music |
| business. But they still never taught me these 3 things: | | | | also earn leveraged income. But most of us don't get |
| - The difference between linear and leveraged income | | | | to write best-sellers, star in blockbuster movies, or |
| - How much money you need to comfortably retire | | | | produce platinum recordings! |
| - Using the Law of Attraction to attract wealth | | | | My favorite book explaining this concept is Robert |
| Linear income is trading time for money. In other words, | | | | Kiyosaki's "Rich Dad, Poor Dad." |
| if you don't work you don't get paid. Many people think | | | | My parents never really taught me about budgeting |
| doctors and lawyers have it made, but think about it - | | | | money, and I didn't learn that in school either. If you |
| they only make money when they have a client to | | | | don't have long-term leveraged income flowing in, you |
| help. When they retire, they better have substantial | | | | need substantial savings to retire, especially if you |
| savings to live off of, just like everyone else who | | | | want to travel and do other fun things. You need |
| works for someone else. | | | | money to cover health care, groceries, and utilities in |
| Leveraged income takes advantage of other people's | | | | addition to your "beach money." Most people highly |
| time. Most business owners experience this, if they | | | | underestimate the amount of money they need to |
| have employees. You can be out golfing while your | | | | retire comfortably, especially since interest being paid |
| employees run the business. But a traditional business | | | | on savings is nearly zero now. |
| requires a fair amount of managing to be sure it is | | | | Most people do not understand that money needs to |
| profitable. And there are the hassles of renting space, | | | | be attracted. Napoleon Hill spent 25 years interviewing |
| hiring and firing employees, and fixing "disasters" (like | | | | some of the world's wealthiest people and |
| roof leaks). | | | | documented his findings in the classic book "Think And |
| What I love about MLM is leveraged income without | | | | Grow Rich." Although he doesn't refer to his method |
| the hassles. You make money on the sales volume of | | | | as the Law of Attraction, that's what it is. He gives |
| your downline. While you will need to help them get | | | | instructions on how to attract money, and he also |
| trained, if you have a good system that duplicates, you | | | | makes it clear that if you don't focus on attracting |
| can plug them in and just answer questions, or maybe | | | | wealth, by default you will attract poverty (or a |
| do some calls with them. Once you have some | | | | mediocre lifestyle) instead. |
| determined people producing results, you can sit back | | | | |