Are you burdened by debt, worried about retirement, or frustrated because you just can't seem to get ahead?
Far too many of us work long hours, spend too much time away from family and get too little in return. For the average employee in corporate American, it is easy to feel overworked, under-appreciated and underpaid.For the majority of us, the solution to our financial problems and lack of time to do what we want is not to work our way up the corporate ladder. The solution is something else entirely.
How do we achieve the American dream in the 21st century? If you have tried and failed to find a way out of living paycheck to paycheck in the search for financial and personal freedom, there is another way.
Many educated professionals are leaving the corporate career track and taking ownership of their lives by starting their own home -based businesses. Self-employment offers responsible and driving individuals rewards they are not finding in more conventional career paths because it allows them to take back control over their most valuable resources: their time and their financial resources.
Among small and home-based businesses, one of the biggest growth industries is network marketing. Network marketing is a multi-billon dollar industry, which supports million of Americans each year. If you are tired of not having enough time and money to do what matters most to you, discover now how a home-based network marketing business can help you begin owning your life today!
9 Reasons to Own Your Life
Becoming your own boss by starting a part-time or full-time home-based network marketing business offers several benefits not often available to those who follow the more conventional employment routes. In fact, small businesses make up the backbone of America and may be the best way for most of us to achieve the American dream. Here are nine reasons to leave the rat race and take control of your time, you money, your career and make them work for you.
1. Eliminate Debt.
Over 40 percent of families in the U.S routinely spend more then they earn. In fact , Americans carry an average of $8,400 in credit card or other high-interest consumer debt from month to month . Consider this: paying only the minimum balance on a $2,000 credit card debt at 18 percent interest could take you 30 years to pay off and cost you an additional $5,000. It is no surprise then that one in 53 households in America will file for bankruptcy. Of those, 80 percent could have avoided filing with an additional $200-300 income per month. A small side business can help supplement you paycheck and allow you to relieve credit card and other debt burdens.
2. Boost Your Retirement Savings.
On average, Americans can expect to receive just 37 percent of the annual retirement income they will need to retire comfortably. Meanwhile, the average social security benefit in 2004 was a mere $954.9 a month. In fact, according to the U.S Department of Health and Human Services, a shocking 95 percent of retirement-aged Americans cant afford to maintain the lifestyle they had while they were working and may be financially dependent of the government,family or a charity. A home-based business can provide residual income that lasts lifetime.
3. Save For a Rainy Day.
Many of us live month-to-month, paycheck-to-paycheck, with barely enough money to cover three months of unemployment.In fact, half of Americans under the age of 50 have less then $10,000 in savings, and the average American only saves 1 percent of what earn.Moreover,the saving rat in the United Sates has been in decline for the last decade,and now levels have dropped to those seen during the Great Depression.In june 2005, the saving rat fell to a measly 0.02 percent.Building a nest egg is possible with a part-time network marketing business.
4. Pay of your mortgage faster.
Experts estimate that only 2 percent of American homes are paid for and many home owners opt for the 30-year over the 15-year mortgage. Consider this: A $250,000.00 mortgage paid at 8% interest over 30 years add up to over $400,000.00 in interest charges. Even considering the tax benefit of the mortgage, this is an unbelievable and avoidable cost. The extra income with the part-time network marketing business, makes it possible to pay off your morgage faster. Possibly in half the time.
5. By the car or home of your dreams.
The supplemental income from a part-time business can be used to remove debt burdens or plan for the future, or it can offer more immediate comfort that would other wise be unavailable. Having money to play with after all your bills are paid means that the comforts of the wealthy are now within your reach. Owning your business and your life gives you the ability to turn your long time dreams into reality.
6. Enjoy tax benefits.
Congress has recently passed several different tax laws with the goal of encouraging and rewarding individuals who start and operate small home based businesses because they help build a stable base for our national economy. Owning your own business also allows you more control over your taxable income through legal deduction and strategic tax planning. This is true for most free trade countries.
7. Spend more time with your family.
49% of people regularly put in more than 40 hours of work each week, include time spent commuting and on business trips and it adds up to very little time spent with those we care about most. Self-employment allows you the opportunity to set your own schedule and to work smart instead of just long hours giving you back ownership of one of your most valuable assets, your time. Feel free to change it up week to week, after all you are the boss.
8. Take a longer vacation.
Unlike the European work force which receives an average of one month of vacation time per year, the average American employee receives a near 13 day of annual vacation time. And often they are require to schedule that time up to a year in advance or sacrifice some holiday time off for others. Owning your own home based business gives you the flexibility to take longer or more frequent vacations because you have control over your time and finances. Taking a month long vacation is possible without altering your income.
9. Be a stay-at-home parent.
Two-income households are becoming a necessity in our current economy, which means more children than ever are in some sort of child care. In 2002, 63% of children under the age of 5 were in a regular child care arrangement and a little over half of grade school children were in regular child care. However, experts suggest that the cost of child care often offset a large portion of the second household income. A home-based business allows you to spend more time or accounts with family.
Network Marketing
A Growth Industry.
In spite of cynicism from naysayers, the network marketing industry has boomed over the past 2 decades and offers some attractive benefits for those thinking of starting their first small business. It involves little startup cost, can be incorporated as a part time or full time career and is open to all races, ages and backgrounds.
More than 13.6 million people in the US, participated in network marketing in 2004, and more than 54 million around the globe. The number of people involved in direct marketing, has more than doubled in the past ten years, were as retail numbers has been in steady decline over the past decade.
As an industry, networking marketing is experiencing rapid growth with 2004 sales in the US, close to 30 billion and topping 99 billion worldwide. More than 74% of Americans have purchased something though direct to direct person to person selling. The Direct Marketing industry is not affected by the same race, gender and age, bias often found in cooperate America. Close to 80% of individuals are female and more than 75% are over the age of 34, this diversity also includes a variety of educational background from high school to post graduate training. More than 85% of people involved in the industry work fewer than 30 hours a week.
For more information on why a home based business may be the right choice for you just contact us here. And if you're on Facebook become a fan and get the latest free monthly training and tips.
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