Monday, September 7, 2009

Is your Bank Account Sobbing?

Have you spent years developing a career only to feel trapped in it? Earlier generations believed that the secret to long term security was to get a good education, select a stable company, work hard and expect the company to provide for a comfortable retirement. That is no longer true. With corporate downsizing, more and more jobs moving off shore, and corporate closures, the corporation is no long a symbol of security.

Are you working long hours and sacrificing time with your family under the impression that you will receive a generous pension? United Airlines just announced it will abandon the pension plans for its 120,000 employees and retirees. (“Pension Plans in Corporate Cross-Hairs” by Jack Rasmus). This action set off a chain reaction by other airlines. Unfortunately airlines are not the only corporations abandoning pension plans.

According to Donald Trump and Robert Kiyosaki in their book “Why We Want You to be Rich,” social security will be bankrupt in 2013. Unfortunately, 80,000 baby boomers reach retirement age within the next ten years. That fact alone will overload an already seriously fragile situation.

If you are living paycheck to paycheck now and no longer have confidence in your corporate retirement plan, how do you plan to retire? The average 50 year old today has saved $50,000 and is seriously upside down with credit card debt. No more paychecks, no pension, no savings, and no social security; however, your expenses continue. How do you plan to retire? When do you plan to retire? Being a greeter at Wal-Mart is not an attractive option. How do you plan to maintain the standard of living already established for your family? Decision time is at hand now.

Your best thinking placed you in this financial hole. Do you think the same thinking will bring you out of this mess? Probably not. You need to do something different and you need to do it now. What is holding you back? How long are you willing to wait? Even more important, how much time exists between now and your forced company retirement age?

Are you ready to consider an alternative? Trump and Kiyosaki recommend starting your own business. You can spend a few hundred thousand for a franchise and work sixty plus hours a week for two or three years before you even break even and still have the loan to repay. Or you can start a brick and mortar business and do much the same as a franchise. Consider starting a network marketing business for closer to $20,000 and turn a huge profit within the first year.

The 4 critical criteria to selecting the right business.
1. Choose a product and a business with a huge expanding market.
2. Select unique products which are not readily available anywhere else.
3. You need the right timing.
4. You need leverage for your time, effort and money.

Fortunes are being made with home based business income opportunities. Millions of people will start a home based business this year alone. While not all of them will succeed, a surprising number of them will produce a 6-figure income. Whether a home business succeeds or not has everything to do with the business opportunities their owners chose.

If you choose the right home based business income opportunities, your chances for success go up. Choose opportunities with companies that do not require prohibitive start up investments. Choose a company that does not require you to stock a garage full of products. Select a company that provides you with support in building your business. Choose opportunities with companies that work with you to make your business succeed, that have resources for continuing education and that have products you can believe in.

In the competitive world of home based business income opportunities, select a company with a solid reputation for integrity. Determine that the support and training is ongoing. Frequently in the Australian 2 up system, as soon as you pass up the two sales to your sponsor you become their competition. Support ends. Select a compensation system where the sponsor has incentives to continue support and training for years. Choose a company where you will have a personal mentor available to you to guide you in your efforts. Choose products which are life changing, so you can feel good about representing them. Select essential products people are seeking. Lotions, potions and pills are fine, but are they truly essential and unavailable elsewhere? The right network marketing company will teach you how to use the business to become wealthier than you ever thought possible.

The time is right to start your home based business. You will not find another income opportunity that provides a total package for success and immediate return on investment like the right network marketing company. This is your chance to make your millionaire dreams come true.

If you are ready to take action for the present and plan for a reliable retirement, the time is now. Stop your bank account from sobbing and give it a big smile.

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