What is MLM? – Part 3
Residual Income (also referred to as Passive Income and Recurring Income) is my major reason for embracing MLM (or the Network Marketing Industry). This is part 3 in my series What is MLM?
In that first post you will find an overview of the industry What is MLM? . I listed the benefits and am expanding on each of them in this series.
In What is MLM? – Part 2 you will find more information about this growing exciting industry and reasons why you should consider becoming a part of it. You will also find information here in a previous article on Residual Income.
Most people do not understand the concept and importance of residual income. They trade their time for money and immediate gratification. I explain more in this video.
Robert Kiyosaki’s game CashFlow is the best way I have seen people actually “get” the importance of residual/passive income. In the game it is only when your passive income is greater than your expenses that you can get out of the “rat race” and move on to create real wealth. The thing for most people in life however is that they go for immediate gratification.
Are you building your residual income? Do you see the importance of building it?