e5fj2ktin7

Budget Balancing Basics: Your Guide to Success in MLM by Budgeting your Money, Effort and Time.

Working from home and being the boss of your own home based business is a dream come true for me and a path that many others either have or would like to follow. It’s a great feeling and a very rewarding experience in more ways than just financially.

However, not everything is easy or just falls into place when working your own home business. One of the aspects that I struggled with and still have to work on daily is maintaining a balanced budget.

I always thought if I could just work within the restraints of my available money I was good to go. I soon learned (pretty much the hard way) through trial and error and success and FAILURE that creating a working budget means much more than just keeping track of your money.

I found that there are actually 3 things you need to keep track of during your day to day work schedule. Money, Effort and Time are all very important commodities you have at your disposal each and every day. Each one plays an important role and neglecting any one or all of them is quite often the difference between having a successful business, just surviving (you know the feeling, hanging on by a thread) and that dreaded word – failure.

I wrote this article to try and help others avoid some of the mistakes I have made. To me one of the great parts of working in Network Marketing and really any home business is the amount of sharing and help available from the people who truly follow this business plan.

So read on and learn there is a lot more than just watching your money when budgeting for your network marketing business. To be successful in MLM, or really any home business, you need to not only budget your money but also your effort and your time. Tracking how you do things and the results you achieve can help you to improve your management of all three aspects (money, effort and time) until you find the formula that works for you and your business. Teach yourself to breed success and avoid the waste that so many who start a home business get caught up in.

Budget planning is not usually a topic that comes up when you are starting your network marketing business. Business planning altogether is not at the top of the list when you are being recruited or you ‘discover’ the network marketing company that will make you your millions. But once the dust settles and the initial ‘fire’ burns out, are you ready to do whatever it takes to become successful?

Budgeting your money, working to your maximum effort and effective time management are all skills that are needed to be a success but are not skills we are born with. Procrastination and the lack of a boss and a deadline are real killers when you are suddenly in charge.

Have you ever found yourself checking your email even though you just checked it 10 minutes before? Or maybe you are reading about the next great plan that will take your network marketing business to the next level. I mean who doesn’t want to double or triple their income just by writing a better title to their email. But honestly if you just started out and you don’t have a list to send that email to then how are you going to double your money?  I am sure these programs work fine, but take a look at where you are and what you have.

Where can you really spend your time effort and money more effectively in order to build your business?

I know you probably do these things because I have (and to be honest) and I still do unless I stay focused. To help myself I created a little acronym – M.E.T.  It stands for Money, Effort and Time. I ask myself, “Have your MET your needs and your budget TODAY?” before I stray down the path of easy dreams.

Let’s look at all three parts more closely. M or Money is the part that everyone thinks about when you say balancing a budget or budget basics. It really is important, but it can actually be the simplest of the three to manage. First, you need to decide how much you really have to spend on your business each month. Maybe its $100 or maybe $200; It’s different for everyone and its ok if it can only be $20. Once you determine this you must decide what is important to your business RIGHT NOW! If you just started maybe you need business cards or you need a few office supplies. If you have been working awhile maybe you want to invest in an email autorespond system or purchase some leads or buy some promotional material. It all depends on your goals and where your business is along the path. But once you set your budget for money stick to it. Decide what is really needed for where you are. You don’t have to purchase every great sounding product or have all the bells and whistles. Get yourself established and then use some of that new income to help you get more and more of your needs.

Next we have E for Effort. Really it is even better to call it Effective Effort. Many of us spend lots of time in front of the computer or staring at the phone and say we are at work. But how much effort is really being put in and is it at all effective. Maybe you have two hours to work today. One about 7 pm right after dinner and another around 10 pm after the kids are in bed. Well if we decide to spend 30 minutes reading a training manual and then 15 minutes responding to email and 15 minutes working on writing an article we have put in some great effort. These are all things that Network Marketers need to do. But if we did all this at 7 and then we saw we needed to call a new prospect or call one of our new team members and we are sitting down at 10 pm to do this we have wasted our time. It’s too late to make our phone calls. So even though we were very good at making our list and getting our work done we didn’t do it in an effective way so we wasted some of our time. And I haven’t even mentioned that most people (me being very guilty) get sidetracked by the cool YouTube Video or the interesting email or the great salespitch. Focus is critical to Effort and making your efforts effective.

This takes us to T for Time. I have saved this for last because that is where it fit the acronym, but even more importantly because it is what I consider to be your most important commodity. Money we can work around and even earn more. Effort can be relearned or refocused and therefore improved upon, but TIME is a here just once. The hour I wasted or didn’t take advantage of today can’t be replaced. It is GONE. Time is precious and critical to everything you do and want to do. So take a hard look at your time and how you want to spend it and how you actually spend it. You can’t earn it back. I started this home business as a way to spend more time with my family and doing the things I love so for me budgeting out this block of time came first. I also (like most Network Marketers) started my home business while still working my 9 to 5 job. So once I took out these blocks of time I could make a realistic budget of how much time I could spend on my Home Business. Again, this is different for everyone. So don’t go by what someone else did, do what’s right for you.

Next, look back at all 3 areas and BE REALISTIC. Are you really going to work the business at 9 on Saturday night? Do you really have an extra $250 dollars EVERY month? Will you be able to focus and put in 100% effort at 5 o’clock when the kids are hungry and dinner needs made?

To get a true evaluation of what you have to spend with money and time and how much effort you can really put out, start tracking what you do. Look around at successful businesses. You can bet they track things. Do you think they spend a million dollars on a Superbowl commercial and then not track to see if they are making a profit? What is their Return on Investment (ROI)? You can do the same. Create a tracking sheet to keep track of when you work on your business or when you have down time you could. Keep track of where your money goes and if you have any extra to invest in your success. Keep track of what you get done in the time you do spend working.

Tracking not only will help you make a realistic balanced budget but will help you to focus and use the resources you have more effectively. Effective effort rears its head once again. See how it all keeps tying itself together in a big circle.

Time to get started. Don’t waste anymore of your money, effort or time. Work on setting your goals and then using your budget balancing basics to create a balanced budget. Stay focused and realize success does not come overnight but it does come in little packages if you just have fun and enjoy what you are doing. That’s the whole reason we want this home business in the first place – Remember?

Success in this business is not defined by speed. It is ok to take a little longer than the guy you read about online. In all honesty it takes 2 to 5 years for most Network Marketers to reach what they consider a successful level of business. Of course the more you have MET your budget and the bigger the budget is can speed things up. More Money, more Effective Effort and of course more Time can all get you to your goal quicker. But before you give up, look at where you are now. Are you happy with what you have or where you are headed? Are you willing to spend the extra Money, Effort and Time required to achieve the life you dream about, the life you deserve.

Have you MET your goals? Avoid waste and start breeding success. Budget planning for your Money, Effort and Time is the best way to create success. Stay focused and remember to keep all 3 aspects in mind during your daily routine.

Think about it!

Get your own tracking sheets and get started today!

A Home Based Business: What to do Before You Lose Your Job!

A stack of bills, a notice of payment past due, a false hope of another credit card to cover this month’s bills...

Savings Accounts, Retirement plans, Job security... All wonderful words but words that seem very empty.

Does this sound like you – your life? Well, I know much of it rings true for lots of people now days. So what do we do? Save us magic Internet. Show us the way.

Everywhere I look there is free and easy money.

• Earn hundreds, Work Minutes!
• Sit back while I make you some money – it only costs $49.95 a month!

In many ways this article is no different. I am just another guy you don’t know telling you about another great plan... But by reading this article I want to tell you honestly what I think is a way out. A better way. Network Marketing is a very viable and amazing business plan. It’s a great way to create a Plan B, a second income, even a full time income.

But it’s not for everyone. It might not be for you. But then again it might be the best thing that ever happened to you.

You need to understand that Network Marketing allows you to start a home based business and start it part time while you are still doing your “regular” job. You can get your feet wet and learn the ropes without going bankrupt while you slowly start earning some money.

No job or career working for someone else is guaranteed anymore. The idea of a 30 year man and a guaranteed retirement fund are quickly disappearing. Before you lose your job or grow weary of the lack of advancement and pay, you should consider a home based business using Network Marketing.

Network Marketing allows you to become the boss, the leader of your own team. Your potential advancement and pay are only limited by you own desire and commitment and willingness to do whatever it takes.

Now I am not saying it will come quick or come easy but it will come.

Start now before you lose your job. That’s what I have done.

It takes most people 2-5 years to become truly financially successful at this business. This doesn’t mean you won’t make money before that but I don’t want you to think you will be making $500 a day starting next week.

To be honest with you, Network Marketing is the simplest, hardest, most frustrating, most rewarding, most fun, easiest job that you will love to get out of bed each morning ready to get back to work on. (Whew... How about that for a sentence – Take that 7^th grade English!)

Do you want to leave you financial future in the hands of the guys with the Golden Parachutes? Or do you want to create your own path – one where you are the CEO!

So don’t wait, create your own second income – your own financial freedom. Start a job with unlimited potential and no layoffs.

Network Marketing is a great way to create an at home business part time as a Plan B. You can work part time while you learn and become educated in the required knowledge and marketing skills until you start generating income and become your own boss. Whether you are looking for a second income, a retirement income supplement or even if you want to replace your current job, Network Marketing provides the ideal gateway.

Think About It!

Don’t Outlive Your Retirement Money – Create a Home Based Business.

Will I have enough money to retire? How much money do I need to retire?

The recent economic downturn has left many people wondering how safe they are in their job and wondering will they still be able to retire. What has happened to your retirement income? Will you be able to retire as planned and live the lifestyle you expected? Or will you retire into poverty, will you outlive your money or do you have to postpone your retirement altogether?

I know many people I am close to lost a lot of money out of their retirement savings plans when the stock market fell. For those in their 20’s and 30’s it’s not fun but they have time to recover. But for those people reaching their 50’s and 60’s and those already retired this was a huge shock. All the best laid plans – GONE!

Even worse were all the people that completely lost their jobs and any type of retirement plan their company had promised them. I know for my wife’s business she lost quite a few clients because of lost jobs and lost income. I had to go back to work because the economy wouldn’t support the two of us working her business. Overall, we have been lucky compared to many people, but the situation caused me to look hard at my ‘Plan B’. I had been dabbling in Network Marketing, but I took a long hard look at it to see if it really had the potential to be a viable business plan and a way for me to provide security for me, my family and for a solid retirement supplement.

By reading this article you will learn that retirement doesn’t have to be a poverty sentence that forces you to change you current lifestyle. You can still have the income required to enjoy life even if your current retirement plan and savings account don’t live up to what you bring home with your paycheck each month. Learn how a part time stay at home business can supplement your income, reduce your taxes and keep you involved with the world. If you are afraid you won’t ever be able to retire or if you do you will outlive your money, this article will help you understand there is another way... A better way!

Does retirement automatically mean a lifestyle change? Well if so, I hope that doesn’t mean I am forced to change because of the lack of money.

Take a look at what the government says about retirement income. In 2002 the average income for retired people was just under $20,000 a year. The average income for American households that year was somewhere in between $40,000 and $50,000. Does that mean our monthly income will be cut in half of more when we are ‘lucky’ enough to retire? For too many people the answer is a BIG, FAT YES.

In fact, a recent Gallup telephone survey of non-retirees age 18 and older also found that 52 percent doubt they will have enough money to live comfortably in retirement, while only 41 percent say they will. This is the first time this decade that the majority of Americans have doubted their ability to retire.

This is why we are told we need to set up those savings accounts and create the nest egg. But if you are like me and most Americans, you have more debt than you have savings.

So are you ready for the drop in income? Ready for poverty and the possibility you will outlive your money? How can you supplement your retirement income?

Take a look at your situation now and decide how much do you need to retire and do it without a big change in lifestyle. It’s a question and answer that is different for everyone. But for the average American you need to make at least an extra $1000 - $1500 a month to keep things close.

So what’s your plan to get that extra money?

One solution, a home based business that you can work part time without taking out a loan or dipping into your current savings account. What if I told you there was a way to start a business from home that requires a small financial investment, can create residual income, can be worked part time and has the possibility to produce a monthly income equal to that of the average retired persons yearly income.

Network Marketing is a business plan that has reached a new pinnacle. During much of its first 50 years of existence this plan has been thought of as one of failure. Poor training has sent many people tumbling down the slopes of anticipated riches to dismal failure. But it was not the plan that failed or even the people, it was the poor training or lack of any training at all. Network Marketing is a very powerful business plan when done the right way.

A home business not only can increase your income and bolster your savings; it can also save you money on your yearly income taxes. It can keep you involved with the world and current events and even give you the Monday morning water cooler chat opportunities many of us lose out on when we retire.

Increase income, decrease taxes, stay involved, remain social... just a few great reasons a home based business makes total sense.

So don’t let your retirement income or lack of it scare you. There is hope.

You can improve your situation and create your Plan B. It’s never too late to start.

The right motivation and attitude teamed up with the right plan and the right training can get you the retirement you always dreamed about.

 Don’t settle to live out your days in financial poverty. Step into the life you deserve. Create your Plan B, increase your retirement income and don’t let the question of ‘How much money do I need to retire’ scare you. Retirement does not have to mean lifestyle change.

Think About It!

Don't Outlive Your Retirement Money - The most amazing home videos are here

A Home Based Business: How to Create an Income and Get Out of the Daily Grind

Create an Income from Home

Are you stuck in the 45 year rut? Stuck in the cycle of go to school, get a job, be the loyal employee and retire with the gold watch at 65? Are you in this cycle? Are you happy with it? Most people aren’t happy or fulfilled as they grind their way through these 45 years. They don’t get rich or retire comfortably following this plan. It’s a crime, because these are the best, most productive years of your life.

But it’s turned into get up, get ready, go to work, come home, go to bed day after day. Having someone else tell you what time and days you get for yourself and which 2 weeks each year you get to take a break. And if this wasn’t bad enough, even job security has become a thing of the past.

Is that the plan you want to follow for the rest of your life?

But have you noticed, not everyone seems to have these stresses? They laugh, play, drive incredible cars, and live in amazing homes with all the comforts. What do these people do? Were they born rich? Inherit their money? Or is it their job? Maybe they own their own business? There must be a better way?

It might surprise you to know that many of the people you see living life to the fullest earn that privilege through a business they call their own. Something they started on the side and developed into a very lucrative source of income. An income that went on to replace what they used to earn in their full time job.

What if you could find a way to compress that 45 years into just 2 to 5 years? What if you could put in some consistent effort with the right company and the right group and turn your current annual income into your monthly income? Does it sound too good to be true?

People just like you are doing it right now, so why not you? How would your life be different? Sound intriguing? Like something you’d like to know more about?

Have you ever heard of Mailbox Money? The concept of having checks show up in your mailbox or in today’s world being deposited directly into your bank account. It’s an exciting concept that is changing the lives of many. Many of these people have developed mailbox money through home based businesses and that have been developed through the profession of network marketing. Network Marketing, or multi-level marketing, is the business concept I am using to escape the corporate rat race and take back control over my life.

Currently over 67 million people worldwide are involved in the profession of network marketing. It might be worth your while to determine if this form of mailbox money might be a fit for you. Network Marketing has been around for decades and you may have already been involved in the profession or maybe you currently are. It has its share of skeptics and people who claim it doesn’t work. But take a look around and you will find people who succeed and fail in any business. It is quite often the effort and commitment of the individual and not the business plan that determines success. Most of us know of someone somewhere that has done quite well in network marketing.

The bottom line in network marketing is that it works, IF you will work it. Here are some things to consider as you evaluate your options.

Find a product and a company that offers something you would buy, use and recommend even if you were not being paid to do so. Find a product that has a big demand in the marketplace and is consumable; something that people will use and reorder. Find a product that is unique in some way. Find a program with a monthly cost that is affordable and appeals to the masses.

Thousands of people are looking for options right now. But they are not in the position to join a company that requires a monthly autoship of $200- $400 a month just for products and the privilege of becoming a distributor; especially when the product is chosen for them and not something they can actually use. I mean let’s be honest, wouldn’t you rather be able to choose the product you buy and wouldn’t it be even nicer if the products could benefit you and your family. Products you already use and need but now get paid to use and recommend. That’s a concept I can live with!

Find a team that’s committed, taking action and one that has a plan to assist you in achieving your goals. Be careful of anyone willing to promise you quick income overnight, anyone who says they will build if for you, or anyone who tells you that it is easy. And by easy I mean no work involved. Network Marketing is a simple system, but it takes committed action and a serious 2-5 year plan to get where you want to go.

Imagine pushing your car up a hill. It’s hard, very hard to get it moving and it takes a lot of work to push it up to the top. But once you get there it gets sooo much easier. The car starts to even coast a little and move on its own as you go down the other side. Network Marketing is exactly like this. Everyone’s hill is different, but EVERYONE, even the top income earners, had to push that car up that first hill.

Are you willing to commit 2 – 5 years to achieve the lifestyle of your dreams? It will require you to use and learn some skills as you develop your business. You will develop confidence, speaking skills, business planning and leadership skills.

Do you believe you are committed to changing your life? Can you commit to a 2 to 5 year plan for success? You need to understand that this is a business that requires some investment of time and money and you must be willing to be coached and mentored by a team of like-minded people who are committed and have achieved success with Network Marketing. If this sounds like you then I would like to interview you.

If you feel skeptical, that OK. Many of us did initially too. Just remember that business experts like Robert Kiyosaki, Donald Trump and Warren Buffet are endorsing the Network Marketing profession. I will answer your questions; share the details of our company and our product line with you as well as our action plan for success. Opportunity is starting you right in the face. It will go to someone, why not you?

Contact me to get your questions answered and get started today.