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I guess it depends on where you are financially.To some people, being able to eat out regularly makes them rich, while for others, a hefty bank account can only make them wealthy.There are still others who feel wealthy when they’re able to manage all their expenses with a steady monthly income.

So that really depends what it takes for you to live per month. Some might only need $2k/month where others would need $4k/month. It sure would be nice to have that new car you were eyeing or pay off your home loan.

Even if you have $5,00,000 in savings, you’ll need $4000 a month; let’s see where that leaves you assuming you get no interest on savings.My calculation shows your savings will be fully used up in just ten and a half years.

If you were to calculate what you would need to live, take care of your kids wedding/college/living, and emergency money then it’s going to be more than $4k/month for most people. In this case, even a 3% return on your $5,00,000 isn’t going to help you.

So, to be “rich” you would need money coming in when your not actually at work. By this, I don’t mean the yearly vacation time you get. If you were to take 6 months off and not dip into your savings/college/emergency fund then in my opinion you are rich. This is possible IF you had a healthy MLM Downline pulling you some serious residual income.

There are obvious differences in the amount you’d need depending on your location; in Texas, you could get a decent house for as low as $200000 while in the West or East, you’d need twice that amount. This means you can’t manage with the fixed residual income you get every month. The same goes for any MLM Opportunity as all are not created equal so don’t get fixated on the advertised income claims.

Take my case; I’m working with a million dollar project team. After the project goes into production, the estimate profits for the part should be 100x to 200x over the following 10 years. Just think how much I’d be able to earn if I were to be paid each time my design was used. But I don’t own that design and I don’t own the company. These are situations when having your own business beats working for someone else.No matter how awesome your product that you help invent you will not get the residual income form it vs when you own the company. Marketing multilevel companies are tricky if your only targeting friends and family.

Do it correctly and get paid over and over again? Isn’t this a great concept? Generate some MLM leads and learn how to leverage a team of people to help you reach your goals of being Rich.

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