Creating Multiple Passive Income Streams Made Easier

Imagine it in your mind that creating multiple passive income streams can be easier. Isn’t it awesome? Yes, it is! But, do you want to turn the imagination to a reality? I do, and I know you also do. Great! There you are – I mean those that believe in creating passive income streams dream with me. I remember; the good book says; one can chase one thousand…and two chase ten thousand. What is the difference, you may ask? Do the arithmetic yourself.

Why am I writing this article? Very simple! It is to expose the importance of building passive income generating assets to those that belong to the employee and self-employed quadrants. I remember my dad retiring at 65 after thirty-five years in civil service sometime in 2002, while I was in my second year in the university and all my three siblings were all still in school. He had to take up another job in a smaller corporation. This thought came back to my mind after a “setting your financial goals for 2013” class that I attended in January 2013. It pretty opened my eyes to the importance of having a planned financial life and the major role that passive income can play in one’s life. This prompted me to share my key learning with you; my reader.

In that class, I went into a journey of my past, reflecting on my five years of working in a multinational earning a 7 figure (NGN) monthly paycheck and I discovered that I have no asset to prove for my income. I was working hard earning only active income which I spent as soon as it hit my bank account. Though, I was living fine, busy spending my hard earned income on luxurious liabilities. By the society standard, I am rich and comfortable. It dawned on me that if I don’t make a fast and decisive change, my final terminus at 65 will be the same as my dad. Shocking…isn’t it? At a close look at my friends, I found out that what I am into is a common disease which ember is fanned by our system; the go to school, study hard, make good grades and get a good job with good retirement benefits mantra. What a terrible path to the financial abattoir, it is. Financial freedom which comes with time freedom, a kind of lifestyle dreamed by many but only lived by a few; cannot be possible without financial intelligence. This is an important course for an improved living which unfortunately is missing in the curriculum of our education systems. It is only learned from those who are fortunate to know it. And, thanks goodness, I was in the last Sunday class; facilitated by Deolu Akinyemi, a young multi-millionaire entrepreneur who has taken it as his life purpose to spread the good news of business and financial intelligence. He is Robert Kiyosaki and Dr. Dolf de Roos’s protégé and a multi-award winning ex-corporate slave, who fired his boss after only 7 year journey in the corporate Nigeria, which saw him to the peak of Human Capacity Development department of two multinationals.

To earn extra income, because I am afraid of being short of cash; I thought is the way out of financial misery but I learned that it is not the extra income from the active income that makes the rich to be rich but the passive income that runs into their bank accounts from their numerous passive income streams – their assets. If you dream to retire earlier and rich, you need to start building your asset column by consciously creating assets that will continue to generate passive income for you. The highly coveted secret that makes the rich to get richer is that they spend by budget and they use their cash flow; that is the difference of expenses from income, to acquire assets. Assets can be real estate – rental property, paper investment, automated business, intellectual property or network marketing. Let me put it to you, as the facilitator did to me in the class; if you want to be rich, stop working for money and make money work for you. You may say these are some impossible blabbing from the mouth of a privileged young man who does not know the difficulties faced by many Nigerians. The fact is that what is impossible is what is not in your goal. Let me give you an illustration. If it happens that your apartment catches fire and you with your partner escaped. And you noticed that your six month old baby, who you couple, gave birth to after fifteen years of marriage without a child is still in the apartment, will you have a course to rescue your most priced baby? I guess the answer is yes! Financial intelligence is as important as that baby in that scenario. Just know that if you set your sail, God will send the wind.

On a closing note, let me borrow Dan Kennedy’s words; “you can choose to be unsuccessful, even in your financial life, as long as you depend on people to become successful.” Also, the difference between what you are today and what you will be by December 31^st 2016 will be determined by two major factors; the people you meet and the books you read. You can be part of the UltimateWealth Creation Mentoring Program. The choice is yours. Interested? Be part of the forth-coming pre-qualification webinar tagged; The Ultimate Wealth Creation Plan. It is 100% free and we have limited seat. Reserve yours here.

Fear, Doubt…Are You Allowing Low Self Esteem to Destroy Your Life?

Success is said, begins in the mind. According to Dr. Joyce Brothers; “Success is a state of mind. If you want success, start thinking of yourself as a success”. Therefore, you should not give way for fear and doubt as a result of low self-esteem to destroy your life.

Fear according to the Cassel Concise Dictionary is an unpleasant feeling caused by anxiety or worry. The same dictionary defined doubt as to hesitate to believe or assent to. Fear sometimes is narrowed down to doubt. The point here is that low self-esteem generally dwells in the mind. This is why Dr. Norman Vincent Peale said “You are not what you think you are. But what you think – YOU ARE!” And Williams James collaborated this view by stating; “The greatest discovery of my generation is that human beings can alter their lives by altering their attitudes of mind.”

Having said these; I believe the question in the mind of my reader will be how can I turn around a low self-esteem status? First and foremost, you have to develop a positive attitude to life. For this to happen, you should start reading inspirational books. I must tell you that the Bible is the greatest inspirational book of all time. You have to get one if you do not have it and start studying it. I guarantee you; you will get a lot of inspiration from studying the bible. Also, you should be listening to motivational tapes as often as possible. And check the kind of people that you have as friends. Are they pessimists?  People who will never believe that anything good will happen! If you have these kinds of persons as your friends, it is time to jettison them and make friends with highly positive minded people.

It is important to state that fear cannot be stopped completely but it can be controlled. By feeding your mind with positive thoughts and conditioning your mind to always think positively you will reduce fear in your life. Also, you should always speak positively about yourself. If you constantly practice these things, you will control your fears and take charge of your life for a better than good 2016 for yourself.

Demystifying Network Marketing Business

Straight Talk on Becoming a Successful Network Marketing Business Owner

“To live ,to love ,to learn ,to leave a legacy…These life activities, according to Stephen Covey, are the four basic needs and motivation of every human being”-Jack Canfield

The above quotation captures the basic needs that motivate the lives of every one of us. It’s important

you ask yourself, am I motivated by these? If it is a yes for you, then you need to look at the network marketing industry, identify a good company, plug in and start building your business so as to actualize those life motivating activities.

     Network marketingbusiness is one of the ways to own a business system which is guaranteed to make you financially free. It is an unfortunate thing that so many desperate persons who failed to understand how this industry works have brought bad name and negative criticism to our industry. But believe it or you leave it, the industry is rated the number one industry that has produced more millionaires and faster, in the past twenty five years. For you to excel in network marketing business, you need to understand the cash flow quadrant. Cash flow quadrant shows how everybody in the business world earns their cash flow. Also, it moves a step further to show you how you can balance your life, live happier and mostly importantly achieve financial freedom by improving your cash flow management.

The cash flow quadrant is comprised of four quadrants, two on the left side and two on the right side respectively. On the left side of the quadrant, there are the E’s which stands for employees. These people have a job and they work in other people’s system to earn a paycheck as a reward. Also, there are the S’s which means self-employed. These people own a job. They believe in doing their own things their own way thus they own and work their job. On the right side of the quadrant, there are the B’s which stands for business owners. These people build a business system in which other people work and their system pays them. Also, there are the I’s which stands for investors. These people’s money work for them and earn them return on investment (ROI). It is important that you know that in the left side of the quadrant, you have to work before you’ll be paid but on the right side, you earn free income. All you do is to work once and you’ll continue to earn from it. The truth is that you have to work without earning any significant income for some time during the early days in the right side of the quadrant. It is just a short period of deferred gratification and building of your business system. Then, you’ll start earning free income afterwards for the rest of your life as long as you continue to improve your financial IQ. In the other hand, those in the left side of the quadrant desire immediate income. They enjoy immediate gratification at the expense of their future. These people work for money but in the right side of the quadrant, the people work to create and build system and their system generates enduring wealth for them. They work to create wealth and money work for them.

It is easier and faster to achieve financial freedom in the right side of the quadrant. It may interest you to know that 90% of the world population is on the left side of the quadrant and they control only 10% percent of the world wealth. In the other hand, 10% of the world population is on the right side of the quadrant and they control 90% of the world wealth. In the right side of the quadrant, the focus is on building a business system which earns the owner passive income. As the system expands, the passive income grows thus financial freedom is certain.

There are three ways to own a business system. The first is by building a C-corporation, that is, an automated business which employs minimum of 500 employees; from scratch. The second is by buying a franchise of an already built business and the third is through network marketing thus you buy into an existing business and start building your own business system. Among the three, network marketing is the cheapest, easiest, fastest and lest risky way to own a business system. Building a business system requires you to empty yourself of the core values of the left side of the quadrant and start learning the core values of the right side of the quadrant. It requires patience, persistence and learning. Making mistakes is allowed but you have to learn from your mistakes. Failure is an indispensable process in the right side of the quadrant thus you don’t need to be afraid of taking calculated risk.

Success in network marketing business requires the mindset of somebody in the right side of the quadrant. In fact, to build a successful network marketing business, you have to operate like a B personality. Therefore, you need to have a mentor; somebody who has successfully built a network marketing business, to succeed in the network marketing industry. More so, you need to learn the process and take action. You should not take failure personally but as part of learning. In network marketing, it is important that you like helping other people. Leadership skills and teaching ability are very essential. You need to take rejection positively and make it inspire you to push harder. If you must excel in network marketing, you must have a dream, a commitment to your business, to your team and to yourself. (Note; you’ve to make your dream tangible by writing it down in a piece of paper and paste it where you’ll be seeing it always). You must indulge in continuous personal development. The good news is that all these can be learned as long as your mindset is positive.

If you’re enlightened by this article and you want to start building your network marketing business, you can work with me.