Wealth Creation Education - JimmieSchwinn.com

How to Make Money on the Internet

Your Key to Wealth Creation is to Make Money on the Internet

While the internet has an interesting history, those who remember its early days remember all the promises to make money on the internet that were usually too good to be true. Today, that’s changed and more people than ever are utilizing the net to earn extra money or even as their primary source of income.

Why is it a great option? The reasons are pretty obvious when you think about it.

The net lets you work from home instead of commuting to work. That saves you money on fuel.
It also lets you work how you want to work. No need to put on a suit or impressive skirt. You can work in your pajamas if you want.
You can make money on the internet around the clock and with the right system you’ll earn throughout every hour of the day.
And there are no set hours. Work when you want instead of trying to fit your job into your schedule. If something comes up it’s easy to arrange different work hours.
With today’s technology, getting paid through the net is easier than it ever has been.

There are plenty of other reasons, but the fact that working online gives you convenience and flexibility is hard to beat. That’s why it’s perfect for stay at home parents, full time students, or those who are already working a job. Anyone can make money on the internet if they apply themselves.

Among the options available for doing so, using network marketing is one of the best choices. By starting up a middle level marketing business you’ll be able to be your own boss, set your own hours, and build your business into something great. It takes work, but if you remember a couple of tips you’ll likely find success:

Use more than one MLM opportunity to diversify
Focus on building a great team instead of just selling products
Utilize local marketing as well as the internet to reach the most customers
Don’t give up after a couple of weeks – it takes time to find success

Learn how to Take Advantage of Diversifying Income

By Jimmie Schwinn 1 Comment

The Power of Diversifying Income

Most people have a job that is their primary source of income and they are not diversifying income. Many of the financial problems that a family experiences occur when that single source of income is taken away because the job was lost. In a time when the economy seems to be up and down like a roller coaster, it makes sense to develop multiple streams of income and protect yourself from economic uncertainty. You can protect yourself by getting involved in a network marketing program and diversifying income.

There are several advantages to diversifying your revenue that include:

being able to develop income sources independently and increase your income
being able to pick up lost income if one source of income should fail
allowing yourself the flexibility to take on other forms of income
opening yourself up to more opportunity by being involved in multiple income streams

Diversifying income in the network marketing field is easy when you have the right kind of support behind you. When you get started in the network marketing field, you should sign up for an online organization that specializes in helping you to create wealth through network marketing. Thanks to the Internet, you can now have access to a wide variety of resources that were difficult to come by in the past. The most important of these resources is the ability to find ways to create several different streams of income and maximize each stream as you build your business.

Diversifying income can be something as simple as choosing multiple lines of products to sell. You should study your customers and determine what kinds of products your customers are most interested in purchasing. As you expand your customer base, you can expand your product line to attract an even more diverse group of clients. The ability to cater to many different kinds of customers is essential to building financial success. With the right support behind you, it is easy to find the products your customers want at reasonable prices.

The best part about diversifying income is discovering new ways to make money. In the network marketing business, you can make money selling products and by helping others to sell products as well. You will set up your own network of marketing professionals that will sell product and help generate an income for themselves as well as generating an income for you as well. It is your way of creating a recession-proof company.

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How to Build Wealth with Network Marketing

By Jimmie Schwinn 2 Comments

How to Build Wealth using the Network Marketing Business Model

Most people like the idea of being wealthy but very few people really understand how to build wealth. If you are looking for the perfect business model to help you build the kind of wealth that will create financial freedom for you and your entire family, then you need to look at network marketing. The network marketing business model is set up to offer you some of the best ways to build long term wealth.

When you use the network marketing business model, you will be able to build wealth through:

Residual Income
Leverage
Multiple Streams of Income

When you follow the methods laid out by an effective wealth creation system, you will start to see the potential for creating a bright financial future for you and your family using network marketing. A good network marketing program is a low cost way of starting your own business that has the strongest potential for immediate growth.

As your learn more about how to build wealth using network marketing you will see that the sales of products and services is how every network marketing professional makes residual income. The best part about product and service sales is that repeat customers mean a steady stream of residual income. Once a customer signs up, you get a commission on everything that customer buys. The best network marketing companies to work with will offer top-notch customer service, so your customers continue to buy the products and services which pays you residual income.

When you’re are learning how to build wealth using network marketing you will become very familiar with the term residual income. For example, when you get recurring commissions on everything your customers buy, then you are getting residual income. As you build your team of distributors you will make team commission from your entire teams efforts. You work hard to create your residual income, and you also build residual income from the hard work of your entire team, this is called Leverage. The Power of Leverage is one of the most important parts of building long term wealth. The wealthy know this and utilize the Power of Leverage daily.

Learning how to build wealth using network marketing the right way gets all tied together by generating multiple streams of income. Multiple streams of income mean diversifying the ways you create residual income. Diversifying the ways you create residual income means never putting all your financial eggs into one basket, plainly said:

You Never Create All Your Residual Income Streams From One Company, One Country, One Product or One Service, Diversification Is Key To Long Term Wealth Creation.

With the right wealth creation system you can gain access to multiple network marketing companies that offer multiple product and service categories globally. This allows you to spread your financial risk and generate multiple streams of income from one team. When your generating residual income from one team with several network marketing companies, it is pretty easy to see why this is key to creating and building long term wealth. As long as you stay dedicated and focused there is no saying how much residual income you can generate.

Linear vs Passive Income: Which is Better?

By Jimmie Schwinn 2 Comments

Are you being paid once per month for the work or services that you have provided? If yes, chances are you are earning a linear income. Linear income is also called active income, where you earn one unit of income for one unit of your effort. To earn a linear income you also need to be present at your supposed workplace. Hence, doctors, lawyers, hawkers, or practically every employed or self-employed person are earning linear income. If they don’t attend to their clients, they don’t get paid.

What about passive income? It is an income that you continue earning even when you are not working. Sounds unbelievable? Believe it, as thousands or probably millions of people have made it. Passive income, also known as residual income, is a stream of income which you can earn many times, with your one unit of effort.

And passive income is a great way to build wealth!

Here are several sources of passive income:

1. Royalty income. Do you know that singers / song writers are paid royalties every time their songs are played on the radio / TV, regardless of how long ago they made it? This is a form of royalty income and the best part is, it continues for the rest of their lives. Of course this also includes Network Marketing/MLM home-based businesses where individuals can earn recurring, passive income.

2. Dividends. This can come from stock investments, where listed companies share their income with share holders in the form of cash or stock dividends. Dividends also come from mutual funds.

3. Real estates. Your real estates can be rented out to earn a good amount of passive income!

4. Interest income. Interests from savings / fixed deposits.

5. Websites. With increasing availability of internet, websites have become an effective place to sell your products and services to the mass and earn big bucks! You don’t have to watch the website 24-7 as your clients will be able to purchase your products / services online without much hassle with the advent of online transaction.

How do people actually get rich? The answer: By having multiple streams of passive income!

So, would you rather earn linear income or passive income?

Secrets of Self-Made Millionaires

By Jimmie Schwinn 1 Comment

Millionaires were once normal people like you and I, except that they now have plenty of cash with them. How do they create those additional cash streams and turn themselves millionaires over time? This article presents to you the five secrets of self-made millionaires:

Self-made millionaires set their sights on what they want to achieve.
Set yourself clear goals. Imagine yourself being a millionaire and what you would do to achieve it. As Robert Collier says, “if you see yourself as prosperous, you will be. If you see yourself as continually hard up, that is exactly what you will be.” Everything has to start somewhere, so make your first step and move ahead!

Self-made millionaires work on their passion.
According to a research conducted by Thomas J. Stanley, author of The Millionaire Mind, more than 80% millionaires admitted they would not have been successful if their vocation was not something they cared about. Look at the rich people around – Warren Buffet, Bill Gates, Donald Trump. Don’t they all talk about their work passionately? The question now is, what is YOUR passion?

Self-made millionaires educate themselves.
One major hurdle to making money is not understanding how money works. Simple example, do you know how to read your bank statements? How much do you know about money management and investing in bonds? If we have zero knowledge on investment and finance management, how do we expect ourselves to earn big money? As Jim Rohn correctly pointed out, “Formal education will make you a living; self-education will make you a fortune.”!

Self-made millionaires grow their money.
Life is a struggle if you live paycheck to paycheck, especially with the forever increasing inflation while your monthly wage stays the same. Self-made millionaires work hard to make extra money for investing, where their money will in turn “work hard” for them, i.e. they grow them by putting them on a side business, stocks, or real estates. If you want to get rich, control and manage your income, just like Benjamin Franklin once says, “He does not posses wealth that allows it to possess him.”

Self-made millionaires are willing to take risks.
If you read biographies of self-made millionaires, you would have realised many of them have often gone through countless failures. What makes them who they are today is their persistence and their never-give-up attitude! They try and try and try and then, one success push them up to the top!

Monitium’s unique program is leading the global wealth revolution and offers not only multiple ways to create wealth but also training and education to help members grow professionally as well as financially.

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