Economic Disadvantage

Are you at an economic disadvantage? Is it your fault? Is it too late? Well let’s take a look and see. We will look at two people, Bob and Sally.

First Bob. Bob is a college grad from one of those Ivy covered schools. He is married with 2 children, a beautiful house in a great neighborhood and of course all the fancy cars and toys. Bob has been with his employer for 15 years and is the primary breadwinner. This career has been wonderful. Bob has moved up through the ranks, is always at the top of the earning curve and qualifies for all the perks. From time to time people have approached Bob about business opportunities, but Bob turns them down. Bob has all he needs, he says. Another friend asks Bob to join a Referral Club and to go to Networking events, but Bob is too busy and sees no need for that kind of thing. Then the economy goes a little south and Bob’s position is eliminated. Bob now has no income, his 401k has lost 40% of it’s value and there are hundreds of others just as qualified as Bob fighting for a few positions. Oh by the way, Bob owes on the house, car and toys and has 40K in credit card debt. Sorry Bob.

Now let’s look at Sally. Sally finished high school got married and had 4 children. Sally was a stay at home mom and loved every minute of it. About 10 years into the marriage Sally’s husband lost his job, ran off with another women, and almost never pays child support. Sally though has been doing day care out of her home, been involved in two different network marketing companies, has just joined a Referral Club and makes at least 4 Networking events each month. Sally made sure that she never over extended their finances so she has no car payment, very little credit card debt and a manageable mortgage payment. As soon as Sally’s husband left she got into a third network marketing company, started blogging about how to raise kids as a single parent, makes connections with as many people as she can and started her own singles networking events. Unlike Bob, Sally is almost debt free and has passive cash flow every month. At the same time Bob is losing his career, Sally has sold her day care business, is making money from 4 different network marketing companies, has 2 other business’s and is getting ready to marry a wonderful man she met at a networking event.

Are you at an economic disadvantage? If you depend on a job, the answer is yes.

Is it your fault? If your situation is anything like one income Bob the answer is yes.

Is it too late? No of course not. You can stop watching TV and go to a networking event. Stop thinking you can do it on your own and join a referral club. Stop listening to others and get yourself into a business or two. First and foremost, believe in yourself!

www.becometheleader.com

www.greg.goyoli.com

www.referralsuccessmagazine.com