Is $500 A Lot Of Money?
Would an extra $500 a month be a lot of money? Maybe. Maybe not. It depends on your perspective. So here are a couple of different perspectives for you to consider:
Perspective #1
If you were to start a business that by the end of 12 months was generating for you an extra $500 a month, would that be a lot of money? Some people think it wouldn't be very much money.
Perspective #2
Let's say you just got out of your car in the shopping mall parking lot on your way to buy some clothes and noticed five, crisp $100 bills blowing past you along your path towards the store. Would you just keep on walking and leave them for someone else? What if the same thing happened to you once a month while shopping at the same mall, would you still say that an extra $500 a month wasn't much money?
In reality, many people challenged financially could actually turn their lives around if they were able to generate an additional $500 a month. What about you? If you started your own business that by the end of 12 months generated for you an extra $500 a month, how would that change your life? Think about it for a little while. Just to show you what's possible, here is an example what an extra $300 a month can do. This came from a friend who helps people generate extra income each month in their own business.
In this particular case he had a very conservative friend who got started in a home business, and after a short while ended up generating an extra $300 a month on a regular basis. This guy was kind of boring, so, not having anything exciting about his life he simply applied the whole $300 to his home mortgage each month. That may not sound like much, but in just four short years, his house was paid for in full.
Sounds pretty good so far. Since he still had the extra $300 coming in each month, and he now had an extra $700 a month from the house payment he no longer needed to pay he decided to pool the money together and buy another house down the street for rental property. The new house payment was $800 a month, but he was able to rent it out for $900 a month.
So what did he do considering that he wasn't the most exciting guy in the world? He took the rent money along with the original $700 a month mortgage payment he freed up on his first house, and his $300 a month extra income from his own home business and applied all of it to his new loan. Then, in just about 3 1/2 years he had house number two paid in full.
What did he do next? He simply repeated the process on house number three and once again paid it off in about 3 years. As a result, he now had rental revenue coming in from two houses and his home business extra income of $300 a month, all of which he could apply to house number four.
What was this person able to do with just an extra $300 a month? Well, in just under ten years, he was able to gain $300,000 in net worth and create a net asset value from his multiple income streams of $600,000. How many of you could save $600,000 in just ten years?
You see, only an extra $500 a month can create a large net asset value in your life even if it never grows any larger. It all depends on what you do with it. Does it really require a large amount of cash flow to gain financial freedom in your life? No! When you focus on generating a realistic extra $300 to $500 a month your financial freedom is right around the corner.
We specialize in showing people ways to generate that extra income stream. If you're ready to get started today, email us your name, phone number, and the best time to call. We will be glad to show you how you can begin the journey to your own financial freedom. CLICK HERE to send the email.
To Your Success,
Stephan Bourget
Success Team Builders
This Book will help you discover how to achieve
success by adding extra income to your lifestyle.
The Home Business Revolution's Greatest Entrepreneurs