Business Marketing Magazine Summer 2017 January 2016 Creating Clear Businesses | Page 33

families and friends achieve more, moms
and dads who are determined to stay
home with their children. We see many
couples freeing up one parent to return
home while rearing young families and
the income generated through referral
based network which appeals to many
women can soon out perform their husbands full time income. There is also now
a burgeoning group of Millennials dedicated to improving their financial picture and they are excited about building
their dream, perhaps
paying down student
loans faster, creating
a plan to fund their
first home purchase or
take vacations. Even
college students can
squeeze a few hours a
week to keep finances
flowing while they are
in school and hopefully set in motion a lifestyle that continues on
even after they land
full time careers.

the 21st century.

Passive income can help you increase your
income without substantially increasing your workload. It has a secret power
that makes it ideal for people who want
to fund their dream lifestyle. It can also
free up time through the power of leverage, which for the current generation of
working folks has become an even scarier
commodity than money.

In essence, passive income is simply an
income you earn repeatedly for a single
effort. For example, someone who creates a piece of artwork or music puts effort into creating it once, but continues to
earn money every time it is used or sold.
Wouldn’t it be great if we could have written California Girl by Canada’s own Bill
Henderson from Chilliwack, B.C. Some 45
years later he is still be paid residuals for
that one time effort!
If you are interested in learning more
about how you can make passive income
work for you, contact me. I’m a business
coach and provide one-on-one mentoring
to help people obtain ultimate financial
Of course, in the in- freedom.
dustry of Network
marketing also part of the new sharing
economy, people sharing services and Deborah MacDonald
products through a network of distribu- Entrepreneur. Speaker. Author.
tors earn substantial passive income from www.deborahmacdonald.com
that network promoting these products.
It is now a $170 billion dollar industry, Contact me on my Rent a Mentor Page to
producing hundreds of thousands of mil- bring these great services to you.
lionaires, and definitely here to stay. In
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fact, Warren Buffett, Robert Kiyosaki and
Les Brown endorse it as the business for