Monday, August 4, 2008

What Would An Extra Income Mean To You

Writen by Jorgen Skakke

Most people I know are like me –they like to spend a little more than they earn. An extra holiday here, an extra eating-out dinner or extravagant Christmas gifts for the kids. The head ache comes afterwards, and you know you must suffer a tighter budget maybe for weeks or months afterwards.

Why do we to it? I think it is human to become tempted to buy things we like to have or wish to give to others in the world we live in today. Everywhere you look your eyes or your ears catch just the thing you need to satisfy your inner cravings for more material goods.

The thing is that if you continue along that path you are most likely to end up being poorer at 65 than you were at 18. In fact statistics show that quite clearly. It also shows that if you forget to save the dimes and spend the dollars, you may become one of those thousands and thousands of people who are dependent upon social services or the help of other by the time you reach 65.

Would an extra income prevent you from becoming part of those unpleasant statistics? Of, course it would depend upon your power to resist the even greater temptations you are exposed to once you earn a higher income. But suppose you could make so much extra money that you do not have to worry about spending the extra dollar and buy just the things you want.

Most people have never heard of the best way to earn extra income. They struggle along in their jobs, working and commuting may be 12 hours a day and come home exhausted and burnt out only to start out again the next day.

Let us see what it means if you make a calculation. Let us say that you work 40 hours a week 50 weeks a year. That makes 2,000 hours a year. Suppose you do that for 40 years. That gives you 80,000 hours in a lifetime.

Let us make another calculation based upon a different work model – Network Marketing - where you get a small proportion of other peoples´ time and earnings. The model is called leverage. You can leverage three things, knowledge, time and money.

Let us say that you are able to cut out 10 hours a week by skipping some television and the weekly baseball game. You spend this time introducing 10 others to your business who each in turn introduces 10 others. After one month you theoretically have 110 hours of work in your business and you only contribute 10 yourself. This will continue to grow until you may have thousands of hours in your business.

If each new customer buys 100$ worth of products you can imagine the magnitude and power of leverage. An example: If you could fold a piece of paper 50 times, how high do you thing it would be? Like a thick telephone book? Like a small house? Or from here to the Sun? The answer is from here to the Sun. And if you could fold it once more it would reach back to Earth. Amazing, is it not?

Now you can see that leveraging the time of others is the only way to real wealth. Just by starting up with spending 10 hours a week you can get on that path, and you will see your business grow faster than you can imagine.

What does it take to do it, you ask? Not a lot of knowledge. But some other qualifications are necessary. You will hear about those in the next newsletter. Till then, think about how life would change, if you could earn that extra money. And then act. Learn more: www.danglobe.info

To your success Jorgen Skakke

Jorgen Skakke is a retired Journalist turned independent distributor for the Network Marketing Company Nu Skin Enterprises. He is now building his own online business by helping others getting started and guiding them to success.

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