How to achieve that million dollar success, at any age.
So who do you know that would like to have a cool million in the bank? My guess is that most of the people you know would like to travel through this life without having to worry about paying the bills. Do you think you can get there with just your J.O.B. or will you have to find another way to achieve that lofty million dollar goal?
Let's take a look at some of the numbers needed to get to the million dollar plateau and if you think you can make it. We'll start at the age of 25 and work our way to 55 in 10 year increments.
Starting with $0 at the age of 25: Age is on your side here and you only need to save $2,084 per month to have a million bucks by age 65. Not so bad if you have no responsibilities, a really good paying job and no bills to pay.
Starting with $0 at the age of 35: Getting close to half the age of life expectancy now and you will need to save $2,778 per month to have a cool million by the age of 65. A tuff nut to swallow if you have a mortgage, car payment and kids.
Starting with $0 at the age of 45: Kids are out of the nest and you will have to kick it into high gear and save $4,167 per month to reach the million dollar goal by the age of 65. Hopefully your salary has gone up, the household has two incomes and you're driving a beater.
Starting with $0 at the age of 55: Now you’re a geezer and you will need to save a whopping $8,334 per month to have that million dollar nest egg within 10 years. Man life passes us by quickly and it seemed like only yesterday…
You get the picture and of course none of the above figures include any investing, interest or compounding of your money, inheritance or the like. It is simply an illustration of what we would all need to do to get to that magical number of a million dollars if we were to stuff the money in the mattress. With this in mind I'm willing to bet that we'll all need to supplement our livelihoods with some type of extra income to reach our goal.
One of the best ways to supplement your income is a work from home opportunity that doesn't use all of your free time to accommodate making that extra income. It needs to have a simple business model that anyone can follow, not cost an arm and a leg to start and it must also be able to generate a passive income flow. It will also need elements that make it easy for any age group to get involved, no matter what their background.
Any income opportunity or home based business, weather it is a product driven Multi Level Marketing company, Direct Sales company or a Cash Gifting program; they all need to provide residual income. This will create an effect that compounds any effort by the individual to develop his/her business. As the income opportunity builds momentum and adds more and more people the process often times self perpetuates itself and develops the desired outcome, which is as we all know, extra income.
Woody Allen once said "Eighty percent of success is showing up". Opportunity passes many of us by each and every day. Some of us see it, some do not. Hopefully opportunity and success don't pass you buy, you see it, you grasp it and you achieve your million dollar success.
Watch for more articles on Cash Gifting and Home Based Business Opportunities in the near future.
God Bless and Always Remember To Make It A Great Day!!
Michael J Kohn
President
New Image Marketing Group, Inc.
Please Visit Us At: http://www.MastersIncome.com, http://www.PassiveMillions.com
Michael Kohn is the president of New Image Marketing Group Inc.
With a background of over 25 successful years in sales and marketing he brings a modern and easy to follow approach to direct sales and internet marketing. Please Visit Us At: http://www.MastersIncome.com, http://www.PassiveMillions.com
