One of the hardest things is wanting to save but not being sure about how to go about it. It feels like all of the books about money and investing are written for people whose jobs pay them six figures. They all say things like “you can totally buy that brand new $100 sweater and save for a Maserati! We’ll show you how!” Where is all the advice for people whose budgets and needs are more about groceries and mortgage payments?

Right Here.

Step One: Open a savings account at your bank and link it to your checking account. You don’t need anything fancy right now; a basic account will do—especially if you can’t afford a hefty initial deposit. When you open the account, check the fees to make sure you don’t get dinged for a low balance. You can usually avoid these by setting up direct deposit or finding a free checking option.

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The longer I’m involved in the network marketing industry, the more I realize just how much passive income rocks!

There’s nothing like sitting down for dinner and receiving an email stating that you’ve just made $1,000 from the efforts of others, or waking up in the morning to a $100 raise in your monthly income. I can’t quite put a pin on it, but for some reason, I love having money deposited directly into my bank account without having to personally put in the work it took to make those extra funds.

So Yes, Passive Income Rocks!

The first home based business I joined was a top-tier, direct sales company. Which basically means, the products were a little more pricey! The compensation plan was a 2-up, which is where the new distributor passes the commission from their first two sales up to their enroller. The concept was good, but due to the higher cost of the product, and the lack of motivation in the new distributor, those pass up sales weren’t received very often.

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Incident Report for 100% Commissions Paid to David Allred

Date: December 10, 2012

Time: 6:56 PM (Mountain Standard Time)

Location: Central, Arizona

Scene: Upstairs TV room

Activity at Time of Incident: David was watching “The Grinch” with his wife Amy, and their four children.

Commission Earned: $997

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When the average monthly income in the United States is right around the $3,000 range, supporting a family and paying the bills usually drains every last penny from the bank account. Extra money, leisure money, on the average American income is far and few between.

So I ask, could you use an extra $750 per month?

What could you use an extra $750 per month for?

Let’s make a quick list of a few things you could use that money for.

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It’s Monday, you just put gas in your car and need to pick up some groceries. In order to do this, you decide to put only ten bucks in the tank instead of just filling it up so that you’ll have enough left over to buy the groceries. When you return home from shopping, checking your bank account shows a balance of $25.

Pay day isn’t until Friday…..

Sounding familiar? Living paycheck to paycheck.

How about another one?

It’s been over a year since you’ve left town for anything other than work reasons. Your social life stinks because when you’re invited out for dinner and a movie by friends or family, you have to turn them down. You’re lucky if you eat out at a restaurant at all during a months time. However, as a nice gesture, instead of letting you off the hook, they offer to pay for your dinner. As if you didn’t already feel low enough, to avoid letting the cat out of the bag, you make up some other clever excuse as to why you can’t go out.

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If you’ve ever been a home based business entrepreneur, you know the top ten concerns people have when looking to get started. Some of these concerns are legit, while others are just excuses. We all know that change is hard, and even though the person on the other end of the phone wants to change their financial situation, most of them are still going to resist.

In my experience, the top concern is always the start-up cost. No matter what the entry fee, people will act like they don’t have the money. But if you’re good at resolving concerns, you’ll find out whether or not it’s true. If it is, here are 12 ways to raise start-up money you can offer your prospects. Read the rest of this entry »