The Four Financial Plagues

 The Four Financial Plagues

There are many people in the world that spend countless hours trying to figure out how to get ahead financially.  Countless hours are spent laying awake at night and many divorces and separations have occurred due to financial plague.

In my years in the home based business industry, I have been mentored by some of the greatest minds in network marketing.  I have been able to compile a list of "deadly" financial plagues that kill people financially.  I want to personally thank my mentors that have shed light on this subject and now I get to share it with YOU.

1.  Too Much Debt 

Most people are taught at an early age that in order to get the things that you want, you have to borrow money to do it.  From your house to your car to your television, to your education, most people are taught that debt is the way to go.  96% of the world is plagued by debt.  They are constantly struggling financially to pay their obligation to the borrower.  Essentially they become SLAVES to their debts.  People worry about losing their jobs in fear of not being able to pay their MASTER's...DEBT!!!  

The silly thing is people don't stop going into debt. They just "gotta have it" and don't think about how they are going to continue to pay for it 30 days from that point.  Yes the car looks nice! Yes the house is cozy! Yes that second degree or going back to school look like the responsible thing to do. BUUUUUT!!! What happens when you have to pay it all back...worry...stress...headaches...heart attacks...cancer...sickness.  

Matthew 5:5 Blessed are the meek, for they will inherit the earth. Learn how to be "meek" with your finances. Meek means have boundaries with your spending.  If you can't buy it with cash...DON'T GO INTO DEBT TO GET IT!!!!!  If you have boundaries with your spending, when opportunities arise, you can "inherit" those things people lose that they bought with debt.

The goal is to stop accumulating debt and begin the process of paying it off.  Later in this blog entry you will learn a plan on how to do that. 

2. No Emergency Fund

Most people, because they have so many debt obligations, spend almost 100% of their money every month.  This means they have no way of putting any money aside for "a rainy day".  When emergencies happen (flat tire, washer breaks down, your child needs money all of a sudden for school), most people have to either put it on a credit card or miss paying a bill in order to handle the emergency.  Two things happen at that point: more debt has been created and bills are behind. This creates what? More financial stress...plague.  

The goal is to put aside 6 months of your monthly expenses for emergencies.  If your expenses are $2,000 a month, then the goal is to have $12,000 put aside for emergencies.  

Here is how you can help alleviate this plague:

Work to put aside 10% of your monthly income.  In order to do this, for 30 days write down everything you spend money on and all the silly things (that candy bar, that shirt you didn't really need) stop buying them.  Once you can put 10% aside, take half and put it towards you emergency fund and the other half towards your debt.  Over time you can build your emergency fund and work to get out of debt.  It's going to take time and discipline but it will be worth it.  At least you have a plan in place.  Most people don't have a plan to build an emergency fund and pay off their debt.  They just "fly by the seat of their pant" and hope something goes right.  Follow the plan.

3.  Not Making Enough Money

I know I know I know that every single day millions of people wish and pray for extra income. Most people think, "If I only had more money to..."  So what do they do...they go back to school (OMG!), they play the lottery (like that's really going to work) or get a second or third job.  But what's the outcome of those scenarios: Going back to school creates more debt.  Playing the lottery leaves your chance to making more money to luck of the draw.  Getting a second or third job (which is actually for 2 or 3 people) only means more time away from the family and paying more taxes.  

So what do you do?

I suggest joining a home based business (network marketing).  Not just because I'm in one but because of what it they can offer when it comes to earning extra income and becoming more financially literate.  Joining a home based business can help you to do two things that wealthy and financially independent people do: they help you to create LEVERAGE and RESIDUAL INCOME.  The leverage comes from recruiting or sponsoring people into your business.  They have the opportunity to do the same.  What starts to happen is you earn extra income from each person.  When your team or network recruits someone you earn money from they joining and the services or products they purchase.  OVER TIME your network continues to grow and so does your income.  Also each person is purchasing a product or a service monthly, so every month you earn a piece of what they are purchasing...RESIDUAL INCOME.  It's just that simple. We all have RESIDUAL BILLS but no one has any RESIDUAL INCOME. Why?

Go here to see more information about a wonderful home based business,  OWN YOUR LIFE WEBINAR 

The extra income you earn, you can put towards building your emergency fund and pay off or down your debt.  Go here to see more information about this process, FINANCIAL DEFENSE. 

4. No Financial Literacy

I think this is the most deadly plague of them all.  Most people don't understand finances.  They have no financial literacy.  They have school literacy but no financial literacy.  Most people cannot read a financial statement. They don't understand that they are taught to acquire liabilities (things that take money from you) instead of acquire assets (feed money to you).  Most people are taught to acquire liabilities (houses, cars, clothes, televisions,"things") that require debt to purchase.  So every month those things take money from them.  

What wealthy and financially independent people do is acquire assets and then use the money they earn from the asset to acquire more assets.  Over a period of time, they have enough assets to pay for what ever they want in cash. 

The home based business industry (network marketing) I mentioned before is an asset that you can acquire. For a small investment, you can own a business!!! How exciting!!  The best part about the home based business is that new assets will be acquired with and without your effort because there will be other people recruiting (acquire assets for their individual businesses) that will also the part of your asset building.  OVER A PERIOD OF TIME, you will have enough assets (people) to pay for things in cash and/or acquire other assets (investment property, other businesses,etc) and most importantly pay off your DEBT!!! GET YOURSELF FREE!!!

Now...

Here is how you gain financial literacy...READ!!!!! Most people don't like to read and develop their minds. They want to get right to the money.  It doesn't work that way.  Where every your mindset is, is where you money will be.  Remember this: Order precedes growth.  In order to gain financial literacy and grow your income, you have to develop your mindset.  What you think is what you become and/or have.  So if you have a broke mindset, you will have a broke lifestyle.  Also change who you hang around and associate with.  Most people hang around broke, broke minded, complaining people and then wonder why they are broke as well.  Remember this: If you hang around 9 broke people you are bound to be the 10.  The same truth holds that if you hang around 9 wealthy, financially independent or people in either process, you are bound to be the 10th.  Which group are you associating with?

Here are list of books to help get you started:

Rich Dad/ Poor Dad by Robert Kiyosaki

Think and Grow Rich by Napoleon Hill

The 5 Wealth Secrets 96% of Us don't know by Craig Hill

Develop your mindset...everything else will change.

So there you have it. Now that you know...DO SOMETHING ABOUT IT!! 

In order for things to change, you have to change!!!

I'm here to help you. 

To your new financial health,

Marlon Hurd

Home Based Business Professional
hurdsllc@gmail.com
 

The Janitor vs. The Attorney: Leverage + Residual income = Financial Independence and Wealth

 All I heard when I was growing up when it came to choosing a profession was "You need to be a doctor, engineer or a lawyer.  They make all the money. You don't want to be a garbage man or a janitor.  What kind of life is that."  So at an early age I had stuck in my head that I was going to be a doctor.  I watched The Cosby Show and wanted to be "Cliff Huxtable".  In high school, I excelled in all my math and science classes. Even as a Freshman, I was tutoring Senior football players in 9th grade Biology!  I was really smart.  In college, I took the most challenging Freshman Math and Chemistry I could.  After awhile I realized that this is not what I wanted to do.  So I changed my major and graduated in Human Ecology (the study of people in an ecological environment).

Fast forward to today...I have the choice of retiring before my 40th birthday, while the family members that told me to "get the good job" are still working well into their mid 60's.


Let's take a look at the lives to two people:

1. A janitor.
2. An attorney.

If you ask most people what job or lifestyle they would want to have, what person do you think most people would want to be?

The attorney of course!

The attorney may have the nice car, nice clothes, nice home, the credit cards, the travel...THE LIFE!!! Right!!!

The janitor may be struggling to make ends meet, riding the bus, carrying his lunch to work, living in a one bedroom apartment, struggling to provide for his family...poor right?

Well both the janitor and the attorney are in the same position really. Neither of them have any passive, leveraged, residual income.

Passive income is income you earn without working for it.  Financial independence occurs when passive income > expenses. Wealth is the length in time that passive income lasts.

Let's take a look at the janitor's financial life and the attorney's financial life.  Let's take a look at their current financial situation

             Monthly Income                     Passive income         Expenses

Janitor:      $2,200                                          $0            <     $2,000

Attorney    $6,200                                         $0             <     $6,000

As you can see both have no passive income and both have expenses. As you can see the attorney's expenses are much greater than that of  the janitor's.  In most people's eyes, the attorney is doing well financially.  The attorney has all the attributes of financial success.

So one day the attorney becomes partner of his law firm.  He get's so excited that he goes out and buys a new car, clothes and puts a down payment on a bigger house.

Mean while, the janitor joins a part time home based business (what an idiot, right?).  Why didn't he just go back to school. 

Now let's take a look:

Neither person is financially independent.  But who do you think is closer? 

            Monthly income                           Passive income         Expenses


Janitor:        $2,200                                           $0            <     $2,000


Attorney      $8,200                                           $0             <     $8,000

As you can see, as the attorney's income increased, so did his expenses.  He has all the nice stuff but guess what, none of those nice things are bringing him any passive income. This is what most people do, as their income increases they increase they expenses, instead of using that extra income to decrease their expenses and increase their passive income.

Now let's take a look.  Remember, the attorney increased his income and expenses. The janitor did not increase his expenses but added a part time business (asset) to increase his passive income.


After 6 months:

                 Monthly income                           Passive income         Expenses


Janitor:        $2,200                                           $500           <     $2,000


Attorney      $8,200                                           $0             <     $8,000

After 6 months, the janitor has $500/ month in passive income while the attorney is still just making it.  He only has $200 left over each month, but he looks good!!

After 1 year:


                  Monthly income                           Passive income         Expenses


Janitor:        $2,200                                           $1,500           <     $2,000


Attorney      $8,200                                           $0             <     $8,000


After 1 year, you can see that the janitor's passive income has grown.  He may have also used some of that passive income to pay off some debts, so is expenses may have gone down.  The attorney is struggling (internally of course).  He is not doing to well at the firm and things are looking shaky.  Remember the attorney is only making income from ONE STREAM...his job.  The attorney has to take out a second mortgage on his house to for some things. Look what happens to his expenses.  They are now greater than his income.  How many people do you know this happens too? 

After 2 years:

                  Monthly income                           Passive income         Expenses


Janitor:        $2,200                                           $2,500           <     $2,000


Attorney      $8,200                                             $0             <     $8,600

After 2 years, you can see that the janitors passive income is now greater than his expenses.  The janitor now has a choice to walk away from his job or continue to work to increase his savings and pay off more debts. The attorney still doesn't have any passive income and his expenses have increased.

NOW WHOSE LIFESTYLE WOULD YOU LIKE TO HAVE? 

I know this is just a story but this happens to 100,000's of people every year.  There are people that think that borrowing money to have nice things is success.  They will push their income and stress to the limit to "live the life."  Then there are those few that take advantage of a home based business opportunity.  They will work and build the business to: save money (emergency fund), pay off debts and create a passive, leveraged, residual income.  The business OVER TIME grows larger than their expenses.  At that point they are able to "live the life" because they now have the TIME to do that things that they enjoy.

They have leverage and residual income that creates financial independence and over a longer period of time...WEALTH!!!

If you want to know more about an opportunity you can join, first go here to get the plan on what the opportunity can do for you, FINANCIAL DEFENSE.  Once you view the plan, send me and email below with your best contact information and I will contact you to share with you the opportunity.

To all of your debt free and financial free success,

Marlon Hurd
Home Based Business Professional
hurdsllc@gmail.com

Why add a part time home based business to your current income?

For years I've had people ask me, "Marlon, you still doin that...that...thing?"  I"m like, "What thing? "You know that thing where you get a whole bunch of people under you to do all the work and make you lots of money." "Yup, I'm still doing that "thing".  By the way that "thing" has about 1000 people in it and paying me a residual income of about $X,XXX a month."  "Really?" "Yup!  Hey (really smart friend), how many people do you have "under" you helping you to make money?" 

After that I always get the dumbest look and that let's me know that that number must be very close to ZERO!!!  Or they will say "I got this on my own" 

No one has done anything GREAT without any help.  Even Albert Einstein had a group of laboratorist that helped him with his discoveries!!! BA-LEEV THAT!!!

Here is why network marketing is the smartest way the average individual to create financial independence and/or wealth.

Let's say you are moving out of your house and it's time to move that refrigerator. Oh No! How hard would it be to lift that refrigerator over your head to move it? By yourself!!!  It would be damn hard!!! Nearly impossible!!!  Now you are holding up that refrigerator over your head and it's getting heavy...I'm talking bout it's going to drop right on your head!!

Now let's say you called 100 of your friends and family members to come to your house to help you lift your refrigerator.  You and your 100 helpers are all holding the refrigerator up in the air.  Quite easy, huh? I bet!! I mean now you have HELP!!! Now let's say that you removed your hands...just your hands... from up under the refrigerator.  Would it fall?  Of course not!! You still have 100 peole helping you to hold the refrigerator up.

Now imagine that refrigerator is your INCOME!!!

Most people are holding up their "INCOME" refrigerator by themselves. They are the only ones working [a job].  So when they get tired of holding up their "INCOME" refrigerators or their "INCOME" refrigerators falls on them (lose their jobs), their income falls as well. 

Network marketing are those 100+ friends, family members, co-workers, etc, and their friends, family members, co-workers, etc, and their friends, family members, co-workers, etc, and their....(get my point) that have come to help you hold up your "INCOME" refrigerator.

So which way do you think is easier? Holding up your income by yourself or recruiting some help? HMMMM...

CLICK HERE to see what adding a network marketing business to your current income can do for you! 


Until next time,


Marlon Hurd

How to mix online marketing with traditional network marketing techniques

"Maaaaan! Shoot!  How am I going to build my network marketing business?  I've chased every friend I knew and talked to every person within 3 inches of me!"

This is the conversation of many people in network marketing.  They are trying to figure out how to hit it big in their business.  92% of network marketers are using conventional methods (hotel meetings, follow ups, "showing the plan"). These methods are great! Many people have become successful in their business with these methods. But there are only 8% of people that are either marketing online or using both. People are missing out on are the millions and billions of people that are on the internet looking for opportunity and help to build their businesses every day.

So what do you do? 


Here's the science 

You can use non-duplicatable methods to personally recruit.  I mean methods such as online marketing.  Not every is going to be excited about marketing online. Most people are afraid of the computer.  

 
 Once you recruit then you could use "duplicatable" methods to help them build.  Most network marketing teams or companies have conventional systems to help them build their business (meeting, presentations, team calls).  You can then teach these methods to those you personally recruit that do not want to build online.  It's ok to do this. I mean, I personally like the conventional methods! Even those that are building online, these conventional methods should also be taught so if they recruit those that want to build online and offline, they have the capabilities to do both. 

So are you ready?  


Soooooo. Where do we go from here? First start here...The Ultimate Online System.  This will give you the tools you need to start personally recruiting 10-20 people per month online. From here you can build a team of people that use both methods.  But first give them the tools to be successful! This way their success will drive their businesses online and offline. 


To your success,


Marlon Hurd
Home Based Business Professional
trubizsuccess@gmail.com
404-946-3421


 

Employee VS Business Owner

Hooray!!!
Announcer: "Mr./Mrs. Such-n-such, you just finished college/high school. What are you going to do now?"

Mr. or Mrs. Such-n-such: "I'm going to get me a job and accumulate some more debt! I'm gonna work the rest of my life paying off this debt and what I can't pay off, I'm going to leave to my descendents."

This is the scenario for 97% of people in this country. The day they learn about how to make money (mostly wage income) they are set on a path to mediocrity...most people.

EMPLOYEES
Well here is what happens to you financially when you work for wages. This why it's difficult to become financially independent as an employee.

1. As an employee, you pay taxes first. Actually taxes are taken even before you check is deposited in your account.

2. After taxes are paid, the next items that gets paid are your BILLS!!! If you weren't aware of this, you work for your bills not for you. Most people know exactly what check is going to what bill during that time of the month.

3. YOU are paid LAST! With the money left over after taxes and bills, you get the little bit left over. And if you don't get a raise for a long period of time or are capped out on raises, then guess what... you are stuck like chuck!!

This is what happens to employees.
BUSINESS OWNERS
There is a reason that everyone is running to start their own business. They have realized or risen from the depths of job slavery, that working for someone else is not the ticket. They want FREEDOM. Freedom to make as much money as they want, to go where they please, stay as long as they want, buy what they want, drive what they want and have a life style they create.

So here is how it works for business owners

1. They pay THEMSELVES FIRST! They did the work so why not pay themselves first. It just makes sense right!

2. Their BILLS turn into BUSINESS EXPENSES!! That cell phone bill or electric bill or that dinner last night at T.G.I Fridays is all a tax write off!!! As long as your are talking about your business, most of your bills now become tax deductible. Make sure you get with a professional tax person to make sure you are doing your taxes correctly (Melody Austin is great)

3. They pay taxes LAST! Yeeeeessss! Business owners by taxes on the money left over after business expenses are paid. So if you make $50,000 in a year and spend $30,000 on business expenses. You only pay taxes on the $20,000! (Again consult a tax professional).

Isn't that amazing. This is happening for people all over the world. Now I'm sure you are asking what type of business should I open. I have a an option but first go see what a part time business could do for you.

If you really want to get a good idea of the difference between employees and business owners. Listen to one of my online mentors, Eric Worrie.

*******If you like what you read, make sure you join and follow my blog. Make sure that you share it. Sharing is caring.********

To your success,

Marlon Hurd
Home Based Business Professional
trubizsuccess@gmail.com
404-946-3421

This is simple, but not EASY!!!

Ok you just joined the business, right? YAAAAY!! You are going to be rich tomorrow, right? WRONG!!  I know the business model looks easy and that all the money you are going to earn is just waiting to jump into your account, right? Wrong!

Yes what we do is simple.  We present our opportunity and services and found out what people want and are looking for.  If the person is ready for an opportunity, we show them how to get involved.  If they are not ready for an opportunity, we sign them up for the service or product (if they need it, want it or can benefit from it).

The rest is the hard part.  Mustering up the courage to give a presentation.  Making time during your already busy schedule to do your new business.  Battling with your own self and thoughts wondering can you really do this business.  Getting over the rejections.  Making it to the meetings.  Making it to the big events.  Making time to read and develop yourself.  Learning to ways to prospect.

Yes there is much to go into building your new business because guess what?  YOU'VE NEVER BUILT A BUSINESS BEFORE!!! If you've never built a business before, they how could you possible know what involved with building one.  So right now understand that you don't know a damn thing.  Even if you think you know something, you don't know anything.  By understand this and admitting to this fact, you have a much better chance at building a great mental foundation on which to stand on.

You are going to have to give yourself at least 8-10 hours per week and 12 months before anything starts to make sense.  YES!!! That long!!! Most people have been learning how to be broke for 5, 10, 15, 20+ years.  There is no way on creation you are going to learn how to be wealthy or financially independent in 3 months!!! It's just not possible.

If you want more information on what a part time business opportunity can do for you, take a look here.

*******If you like what you read, make sure you join and follow my blog. Make sure that you share it. Sharing is caring.********

To your success,

Marlon Hurd
Home Based Business Professional
trubizsuccess@gmail.com
404-946-3421

The 5 Jars

In my years in business I have met with and seen many people that just don't understand how to control their finances. Many people say, "If I just made more money, I'd be ok."  They make the more money but still end up in the same situation as before the monetary increase.


They still end up broke or just keeping their heads above water. Why is that?


It's because we were all taught to spend 100% of our money and whatever we can't get with our money, we get on credit (debt).  What begins to happen is that there is no room left for error.  The slightest change in the "financial wind" could send that person over the edge.  


Everyone puts all their money in 1 jar.  That means the money for spending, investments, tithing, offering, and savings all goes in one jar.


Coming soon: I'm going to create a video that goes over how you should have your money set up with 5 jars instead of just one jar. 


Stay Tuned!!!