How much monthly residual income do you need to be financially independent? Have you worked this out yet? What does it mean to be financially independent in the first place?
Financial independence means the passive residual income that is generated from the downline you have built covers your regular expenses (i.e. taxes, mortgage/rent, utilities, subscriptions and food). Therefore, financial independence gives you the divine option of quiting your J-O-B and never having to work another day in your life. Have you worked out the income you would need to have this privilege?
Let’s say that a good round figure for living a comfortable lifestyle without ever having to work again is around $5,000 per month. Some may need more, some will need less, but $5,000 is decent enough for the average person with the dollar at its present value (it may well be $10 million a few years time, but who knows?) [click to continue…]
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Does your MLM company encourage endless recruiting? Or does it encourage you to sell its products to end consumers? Which is better? Recruiting or Retailing?
