Did you know that the average millionaire has 7 streams of income? And a few of those streams are residual income?
Last summer I read a book called, “Business of the 21st Century” where Robert Kiyosaki (author of Best Selling “Rich Dad Poor Dad”) discusses the importance of residual income. In the book, he promotes a partnership with a network marketing company for a stream of residual income. This got my wheels turning.
I researched several network marketing companies in the wellness space since I was looking to transition from trading hours for dollars with my marketing company to a focus on passive income generation via my fitness business.
Watch this video to hear about why I decided to start Team INSPIRE via partnership with the makers of P90X and INSANITY and the importance of residual income.
A friend of mine and client in my fitness business mentorship program also has a partnership with the makers of P90X and INSANITY. Over the summer, she was earning $1,200 per week. I remember being in total awe over this figure. Little did I know how quickly my organization would explode in growth.
After 9 short months of hard work with Team INSPIRE, I am able to generate between $1,000 and $1,200 per week of residual income. What a blessing! When I started my team, I set out with a long-term strategy to build a strong organization and focus on revenue generation versus a focus on retailing or rank. I’m terrible at sales, so I knew working for commission would not be a good fit for me.
But what does $1,200 additional residual income per week mean for me? Here are a few things that we’ve been able to do with the extra income:
- I am able to employ three lovely ladies to clean our house on a weekly basis. This frees up my time to spend with the kiddos, and I’m happy to bless these ladies with an employment situation.
- I am able to give toward charities in line with my mission and vision of uplifting and empowering women in 2015.
- I was able to book a vacation to the beach for later this month and clear my calendar so I can spend focused time with my family versus working hard while on vacation.
- When someone close to me texted last week and asked for some help financially, I was able to respond, “yes,” without hesitation.
- I am able to clear my calendar on Friday’s for a family day without having to worry about not bringing in income or conducting conference calls.
- I am able to scale back my hours in the gym trading hours for dollars so I can focus on more time with the mentorees in my fitness business mentorship program and my online clients.
- I am able to spend time daily working on professional development and generating new business ideas.
Overall, I simply feel a sense of balance that I haven’t in a long time (or ever). Residual income is a beautiful reality and it would be my pleasure to help you experience the benefits of residual/passive income as well.
Fill out the form below to request information about my fitness business mentorship program, or a partnership with Team INSPIRE (my organization via a partnership with the makers of P90X and INSANITY). Nothing gives me more joy in life than uplifting, empowering, and inspiring a fellow mompreneur to be successful in business. We have a Team INSPIRE Sneak Peek group starting next Monday, May 18, or I would be happy to give you information about my business mentorship program (not associated with Team INSPIRE).