With such financial risks of simply relying on a job as your only source of income it is critical to add at least one additional source.
This list is an example of only a few reasons why adding additional income streams are no longer an option. You no doubt can add several more as your think of your own personal lifestyle. For instance, college funds, vacation funds, extra retirement security, emergencies, tax burdens and needful repairs just to name a few that may quickly come to mind.
The possibility of becoming unemployed.
It doesn’t matter what position you hold, no job is really permanent these days, especially in today’s economy. By adding an additional income source, even if it does not cover all your expenses, it can buffer the blow and give you time to make wise choices on what direction to take.
Health Care cost changes.
No matter which side you are on with the health care reform, most likely you have or will be seeing higher health care costs. An additional source of income can ease the burden of such matters as higher prescription costs and unexpected medical costs.
The cost of being in debt.
Many people have no idea how much their debt is actually costing them every month. Removing debt - paying off your vehicle, credit cards and mortgage could free up huge amounts of money. Having an additional income stream and then begin applying those funds as extra payments could put you well on your way to financial freedom.
Benefits of paying cash for purchases.
Money is power. Being able to pay cash puts you in a strong bargaining position when you make certain purchases, particularly large items such as vehicles, recreational equipment, or a house. An additional income source could be used to save for these type purchases - which would be a win-win situation. You not only save on interest on the debt but keep more of your money.
Be unable to own your life.
When was the last time you received a substantial raise at work? What is the potential of the next one? With only a job as your one source of income you are tied to your employer. He says when you come and go, when you have a day off and if you get a vacation. Being able to control your life is having the time, money and health to be able to do those things you want to do when you want to do them. There really is no way to achieve that without a source to provide it.
This list only touches the surface of the many reasons for the importance of adding another stream of income. And there are many sources you could consider but the only way to truly have the freedom we mention in owning your life, you must have an income source that keeps flowing whether or not you are working or not - a residual income. That could include investments in stock or real estate as an example but that also would require a substantial investment. If you are needing an additional income stream because of the reasons we’ve discussed, you no doubt do not have a substantial nest egg to invest.
The answer to this dilemma we have found is the network marketing profession. And we have found a network marketing plan that is easy to do, doesn’t require a lot of investment and you can develop it over time, even part-time if you wish. In addition to that we have found a company and products that we consider the “Lamborghini” (the most valuable vehicle in the world) type opportunity. It is the “vehicle” that will enable a person to build a solid residual source of income — and take you to your dream.
If you are ready to “own your life” by driving our “Lamborghini” , then do yourself a favor and spend a few minutes reviewing the information on our website, including a couple of the links at the top. Then contact us to learn more. www.profilesforsuccess.net Va-room! You want to race?