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Black Enterprise analyzed a 2012 Neilson study that concluded that African American buying power will reach 1 Trillion dollars by 2015. Although Blacks make up 13% of the US population, they own merely 5% of all US firms and only 1.8% of companies that employ more than one person, a Small busness administration Report states. And Black owned firms are not necessarily the most profitable either.
Should we be proud of just making up 13% of the total population yet spending at a rate of growth that outpaces the remaining population by 30 percent?
Wouldn’t it be nice to earn money while not working? That money is called residual, or recurring, income. It's what can happen after you put a lot of time, effort and sometimes money into a job to continue to get paid for the work months or years after it's done. (Salary jobs are part of linear income. This income is directly related to the number of hours you work. If you work 40 hours, you get paid for 40 hours of work.) Once you set up your business to earn residual income, you continue to make money while doing other things – maybe even starting a new business to generate more residual income!
Of course, before the money starts rolling in you will probably have to put a lot of time, effort and money into the business or project. You’ll need a lot of patience and determination to see the residual income in the future. Instant gratification is not possible when it comes to residual income.
Are you looking for a way to Wakeupnow to residual income with financial independence but do not know how? On mixture of Arts, Independent Business Owner and blogger, Saytue explains how you can change your life today by simply saving money, managing money while making residual income at the same time. Financial services are everywhere, and so is money and time freedom.
Doesn't matter if you are in debt, owe student loans or just want a second income or to quit your day job. You can do this!
Of all the ways to create a consistent and passive income stream, purchasing an existing, revenue generating website is the smartest. What does that mean? What does that look like?
The concept of purchasing a website to create an income stream for yourself, your company, or your private equity fund is new to many people. Expert, Mike Engstrom, shares a model that not only gives you the tools to buy revenue generating websites, but also how you can save time by doing it.
Join Candace Gish, Triple Diamond with Zija International as she talks about her journey. She is a stay at home Mom of 4, a wife, a home educator plus, she runs her successful home based business.
Tonight Candace's special guest is Sarah Krehbiel, from McPherson Kansas. Homer and Sarah Krehbiel are small business owners of 3 businesses with 40 plus employees.
They are Double Diamond Executives in Zija International and they both love sharing the opportunity of earning a residual income, as well as the better health they have received by using Zija.
They also serve as members of Zija’s Distributor Leadership Council and Chairman’s Club.
answer is yes. The benefits of having of several sources of income include:
1. It’s easier to create several small income producing streams over one large one. For example, it’s easier to create three streams that earn $1,000 than one stream that earns $3,000.
2. It reduces the risk of being left without any income. If you’re laid off or one source of income drops, you have other sources to help you get by. Especially in home business, which has an ebb and flow, you can offset the ebbs through having more than one source of income.
3. It helps you avoid boredom in work by having different things to do every day
4. You can create income streams based on your interests, talents and passions.
1. Take out a piece of paper and write your main business product or service in the middle to start a mindmap. If you’re a virtual assistant, you’d write VA in the middle of the paper.
2. Create four spokes titled “Products,” “Services,” “Advertising/Affiliate,” and “Other” off of your main product or service.
3. Create spokes off of each of these options with ideas on how you can make money at them.
People who should listen to this show are home-based business owners, entrepreneurs, under-employed, coarre coaches
Starting your own business while working is the best thing a working class citizen can do. We all know a few more things today, than we knew a decade ago. One thing we know is nothing is guaranteed. Another thing we know is the average person will not build wealth on a 9 to 5 job. What better time to step up that entrepreneur spirit. On today's show I'm going to talk about a money making project to supplement the income we already have. Have lack of time, knowledge or money been holding you back? Then join my money making project today. Together we'll merge everything but the profits and advertise our house helper services all over America. I believe the American dream still lives. It lives inside of each one of us. America's House Helper Services project is a challenge, but together we will be able to keep cost low; work out challenges together; grow together; and who knows, the sky is the limit. Listen in and let's discuss the pros and cons.
in Self Help
In this episode, Pat Council's special guest Mario J. Payne, financial services expert from national company Raymond James will share how to make income producing investments. Learn to grow the money you have even if it is a small amount. Starting getting answers for your financial success. If you do not take control of your destiny, no one else will. Repeat show to help you organize your finances.
Register free for the "Do Life with Power, Next Level Challenge" and win free gifts and more. Click for details.
Receive a copy of Pat's new book, The P.O.W.E.R.: Using What You Have to Achieve Success. Click for details.
beginners learn how to invest in the stock market and earn income with as little as $1 - $10,000
in Real Estate
The home sale tax exclusion is the single best wealth opportunity that's available to the average American. It surprises me that so many real estate investors I talk with aren't aware of it! Join us LIVE on this episode to find out more how you could realistically earn TAX FREE income for the rest of your life. Try getting that from the crooks on Wall Street! Imagine what your retirement would look like if you started now and took advantage of this fantastic opportunity.
TAX FREE Income As A Serial Home Buyer, along with information on our debut "Different Drummer Real Estate Investing" podcast, and an update from the "dude ranch" aka the SC Rehab. Investor Zone Radio, LIVE Sunday morning at 10 AM (EST).
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