Peter Arnold / Canada
Joined: 29 Oct 2005 Posts: 139 Location: Atlantic Canada
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Posted: Wed May 03, 2006 12:22 am Post subject: NWM => Our Investment of T-I-M-E? |
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NWM => Our Investment of T-I-M-E?
Hello Business Associates:
I'd like to discuss something that I feel all too often "gets lost by the wayside" in our NWM industry -- a true appreciation of the real "value" of our T-I-M-E investment.
One of the most awesome GIFTS we receive from investing our TIME in the ownership of a NWM Home Biz is -- PASSIVE (Residual) INCOME. Another Gift is the amazing power of LEVERAGE.
Most other businesses do not provide these enormous benefits.
In order to stay serious about our Network Marketing businesses, I believe we need to realize what our TIME is "really" worth - while we're building it.
I say this both as a Business and Financial Consultant + as a Network Marketing Professional.
It is not at all unreasonable to invest our TIME to earn - $500/month - $1,500/month - $3,000/month - $10.000/month - and much, much more - from a solid NWM Home Biz. This is beyond dispute.
But what we often fail to realize is -- the VALUE of those monthly incomes (as a result of our TIME commitment).
CAPITALIZATION - Let's explore the real "value" of our TIME investment in NWM (to produce that Passive [Residual] Income) -- by working out HOW MUCH CAPITAL we would need to deposit in a Bank -- in order to "produce" that Income Stream (net).
ILLUSTRATION - Let's suppose we earned $3,000/month ($36,000/year) from our NWM business - by working 20 hours a week - for 50 weeks. That's 1,000 HOURS in one year. (Most people work their Networking business only 7-10 hours per week). Because we can develop on-going (passive) income, we can compare this to money earned from an investment - or deposited in a Bank.
TO OBTAIN A $36,000 (NET) / YEAR 'RETURN' - To net that $3,000/month - first we would have to have 'earned' $1,000,000. (yes, $1-million! - gross salary, before taxes). After we deduct the "extra expenses" that we get from having a 'Home' Biz, let's say we pay Uncle Sam just 30% in taxes ($300,000). So we would still be left with $700,000 to invest - or deposit in a Bank, etc.
With today's current economy, let's say that we're are able to safely earn 5.15% on our investment. Our annual income (return) - at 5.15% - from this Bank deposit or investment - would be about $36,000/year (net, after taxes).
[[ NOTE - this calculation does not even take into account INFLATION (at say, 2-3%) - which means that, unless that original CAPITAL of $1-million is "increased" by 2-3%/yr ($30,000 each year), it will keep eroding - paying out "less" than the $36,000/year it was intended to! ]]
HERE'S THE POINT - $1,000,000 - from 1000 hours of TIME equals an income of $1,000 per HOUR. If it took us two years (2000 hours), instead of one year, to do this - it would still equal $500/hour. At three years (3000 hours) we would still be making $333/hour. Few people are 'ever' able to earn this type of money, especially an on-going PASSIVE Income (where they don't always need to BE there, to produce that income) - an income that can be passed on to our heirs.
Therefore, by investing our TIME into learning and working our NWM Home Biz, we could earn the equivalent of $333 to $1,000/hour. And that's just for starters!
ANOTHER WAY TO LOOK AT THIS - It "costs" us at least $333 - $1,000/hour NOT to get serious and build our NWM business. We really have to enjoy the Electronic Income Reducer (TV) a great deal - to pass up what this Industry has to offer.
But there's 'much more' to this business than just the MONEY...
BOTTOM LINE - This business is unique, and definitely worth the TIME and the effort it takes to build it, and it's probably the most 'fun' we'll ever have.
Where else - is there such a simple way to develop a walk-away (residual) income - one that when 'capitalized', is worth a fortune - one that can give us the Time andFinancial FREEDOM to enjoy life?
Where else - can we find a business that consists of 'Leaders developing other Leaders' - one that gives the thrill of seeing others succeed - one that gives the satisfaction of knowing that, in order for US to succeed, we must first help OTHERS to succeed?
Where else - could we make the friendships - do the traveling - have the recognition - benefit from the personal growth? On and on...
Others deserve to know what WE know about this business - that the REWARDS (financial and otherwise) can be almost unbelievable - IF we build it 'right'. It's one of the greatest TIME investments we can make
It's up to US to tell our STORY - over and over and over - to let them know.
Sincerely / Peter A.
www.PeterArnoldOnline.com
Peter Arnold, CLU, CFC // Founder
www.BusinessAchieversAcademy.com
Executive Director / D-R-A / Canada
DRA: MLM - Distributor Rights Association
DRA 'Bill of Rights': http://www.MLM-DRA.org/BillOfRights.asp
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A Non Profit Organization - Preserving the Promise of Residual Income
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DRA - a global organization formed to protect and defend the rights and
incomes of Network Marketing professionals against any unfair conduct by
NWM (MLM) companies. Serious Network Marketers need to be members of
the DRA. It cost less than $1/week. Join Now! Go to - http://www.MLM-DRA.org
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