The Wall Street Journal ran an article written by Jonathan Clements titled ” How to make your savings outlive you” where he talks about interest rates, investments and all the traditional methods put forth by the financial industry. When this is done many unknown variables are not taken into consideration such as inflation, lost opportunity cost, market fluctuations, planned obsolesce, propensity to consume, and many other economic principals that will defiantly impact future lifestyles.
I do as radio show once per week titled “Financial Freedom Radio” where you can get information about how to make sure you don’t outlive you income or wealth. It really doesn’t matter how old you are, as a mater of fact you should pay attention to future income at a young age.
Investment income will not give you the surety that your income will be there as you age. What should be focused on is residual income and how it will increase over time. As many of my readers know I am a huge proponent of Network Marketing which provides residual income that will increase as the business grows. For many who have a vague understanding of how network marketing works they know that the team will grow once the base is built by the efforts of the team. As the team grows more people are growing their teams enabling everyone who is actively building teams the luxury of enjoying growing personal residual income.
Without getting into the in’s and out’s of Network Marketing, which many articles are written, the whole structure is based on lots of people doing a little bit, and people making increasing residual income for life. The Network Marketing business model seems to get bad press from some people who failed in trying to make it work or don’t understand it. It’s like a failed insurance agent, telling people insurance doesn’t work. The same analogy works in any field. It is amazing how may people are successful in Network Marketing and in fact more millionaires have been created in Network Marketing than any other field.
Tune in to my show every Monday Morning at 9:00 AM EST. See you there!
Thanks for reading,
Dr. Raymond Jewell