Diversify My Income

Get rid of the job, generate residual income, and start really living

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A Key to Success

June 27th, 2009 · No Comments

I received a key to success from Jack Canfield this week.  Not just financial success, although it definitely does apply.  It is a key to success in any area of your life that you are looking for more success.

You are the average of the five people that you spend the most time with.

For me, one of things that I want to do is lose some weight.  Well, the people I talk to the most at work are very much overweight, not exactly the right people to help reinforce the right habits.   I also want more success with my own businesses, and again, the people that I spend the most time with are complacent, happy to complain about being poor without doing anything to change it.

Looks like I need new friends.  We have a tendency to pick up the habits and attitudes of the people that we spend our time with, so we need to spend time with the people that have the habits and attitudes that we want to build.

Take a look at your life.  What are the areas that you are not receiving the success that you want then look at the people you spend the most time with.  Do they embody the success you are looking for?  Probably not.  Where can you find the people that you should spend the more time with?

Another concept that this brings to mind is a mastermind group.  They are a great way to surround yourself with people who are headed in the same direction as you want to go who will support and encourage you.

Leave me a comment.  If you are someone who is looking to increase your success in business and/or wellness then I would love to talk with you.

Wayne Woodworth
Anyone up for a mastermind?

Jack Canfield - The Success Principles

You probably know Jack Canfield as the co-creator of the Chicken Soup for the Soul book series.  Have you read The Success Principles yet?

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Diminishing Value of the Dollar

June 14th, 2009 · No Comments

The value of the dollar has been decreasing over the past several years.  You know that.  You know why too.  The government keeps pumping out more money in the form of bailouts and other programs.

Until about 30 years ago, the value of the US Dollar was tied to the value of gold.  We were on a gold standard.  In 1971 President Nixon abolished the gold standard which made it possible for the government to have more money printed without it being backed up by anything.  You’ve got to hear Glenn Beck’s description of this and see his chart.  It is amazing and somewhat disturbing.

I recommend that you convert some of your savings into something that will hold its value while all of this insanity is going on.  I found a great place to get private gold and silver.  Right now they are even offering a FREE GIFT just for taking a look.  You have nothing to lose and everything to gain.  Go ahead and check it out.

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Do You Want to Live the Good Life?

June 10th, 2009 · 1 Comment

I have started listening to Bob Proctor’s Mission in Commission program, which is for people who make their income through sales.   He makes a few statements on the first disk that really stood out to me.

First is a quote that he found from a Spanish distiller: “The good life is expensive.  There is another way to live that doesn’t cost as much, but it isn’t any good.” I like that line.  Everybody has dreams of living a certain lifestyle and most people think they will never have it.  I think that’s too bad.  I believe that we are here to experience all of the greatness that life has to offer and it is a shame when we limit ourselves with wrong ideas.  Bob Proctor notes that salespeople are both the highest paid and the lowest paid of all professions and the difference between high and low is just your mindset.

The second statement that stood out is that “selling is something you do for a person, not to a person.” Being involved in network marketing circles online I am constantly amazed at how pushy some marketers are.  They will tell you all about how great their opportunity is almost before they ask your name.  Selling is about finding out about the other person.  Who are they, what kind of person are they, what are their concerns and needs.  Build a relationship first then only bring up your product and business opportunity if you see that you can fill a legitimate need of theirs.  Most people I meet on a daily basis know nothing about me being a network marketer or the product that I sell unless I learn they have a need for it.  Be a person and a friend first.

Bob then went on with the qualities that he thinks makes for a good salesperson.  “It takes a pleasing personality and sincere desire to help someone else improve their quality of life.” I think we’ve pretty much covered this one.  If you are friendly, not pushy, and have a genuine desire to help then you have the necessary qualities to be a great salesperson.  The rest of what you need are skills that can be learned.

If you like this material then you will love Bob Proctor’s other programs.  If you are interested in trying you hand at sales then I recommend network marketing because it is easy to get into and learn the skills as you go.  I know of a few different opportunities that you can check out.  Leave me a comment and we’ll talk.

Wayne Woodworth
Everyone is a salesperson. Most just don’t know it.

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Would You Like to Have Wealth Beyond Reason?

June 4th, 2009 · No Comments

Wealth Beyond Reason sounds good doesn’t it?

I have used a lot of programs about the Law of Attraction and other related topics from Bob Proctor, James Ray, and others and they are all very good.  I highly recommend them.  But the absolute best I have come across for how to use all of that information on a daily basis to actually create the life you want is Wealth Beyond Reason by Bob Doyle.

The most important thing Bob teaches in addition to the Law of Attraction itself, is how to clear the resistance that we have.  I believe that you will get real benefits from this program.

Wealth Beyond Reason is all online, has a lot of content for the price, and you go through it at your own pace.  Check it out.

Wayne Woodworth
Bob Doyle Fan

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Diversify Your Savings with Gold

May 21st, 2009 · No Comments

I have been learning about gold recently. Gold has been used as money since before recorded history. In more modern times it became easier to carry paper money and less valuable coins to pay for goods and services, but the money was still backed by gold and silver. I actually have an old $1 bill that bears the words “Silver Certificate”. In 1971 President Nixon took the US off the gold standard changing American currency to fiat currency.

From Wikipedia: “Fiat money achieves value because a government accepts it in payment of taxes and says it can be used within the country as a “tender” (offering) to pay all debts.”

Translated, that means that our money has value simply because the government says it does.

The value of gold is much more stable right now than the value of the dollar, so I looked into investing in gold.  I found a company that lets me buy a little bit of gold every month so that I can diversify my savings and gradually build some stable wealth.  Actually, I joined the company.

Check them out, they are called YOUnique Wealth.

Wayne Woodworth
Internet Networker

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The Myth of the Self-Made Millionaire

May 13th, 2009 · No Comments

You’ve heard about self-made millionaires before, right? Have you ever met one? Were they really self-made, as in they did it all by themselves?

I’ve been studying Loral Langemeier’s programs again and she puts out the idea of team-made millionaires because you cannot really become a millionaire all by yourself. In reaching that point you will run into things that you don’t know how to do or things that are better left to others so that you can stay focused on making money. You need a team to take on those tasks, such as bookkeeping or cleaning your house, so that you can stay focused on the tasks you need to be doing. Besides, you are supporting other businesses in your area by hiring out those tasks.

I see this as a big problem in network marketing. To be successful we need to treat our network marketing as a business and teach our downlines to treat it as a business too, which means creating a team to take care of things so that we can spend our time prospecting and creating new business partners and selling our products or services.

For more business-related info, checkout by revenue modeling post at www.diversifymyincome.com.

Wayne Woodworth
Network Marketer
A home-based business is still a business

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Is Network Marketing Really a Pyramid Scheme?

May 11th, 2009 · 2 Comments

Have your heard that network marketing is a pyramid scheme?

I had a customer recently criticize network marketing as a scam.  Her first point was all the pay-per-click ads she had seen on Google claiming that network marketing is a scam.  If she had clicked them or even looked at the URL she would have seen that it was actually someone selling a program like Magnetic Sponsoring that teaches network marketers how to prospect online.

Her second argument gets into the old pyramid scheme idea.  She sees network marketing as a scam where a bunch of people sit around doing nothing and collect a check every month from the efforts of the people beneath them.  That does sound like a pyramid scheme.  It is also the view some people have of any corporate structure.  I want to address that now.  First of all, real pyramid schemes are illegal because members make money only by signing people up.  That’s it.  There’s no product or any other benefit to being a member.  The last people to sign up before the scheme collapses get screwed over.  That’s not network marketing.

One way to look at network marketing is that it is a way for companies to outsource their sales force. Each company that the sales work is outsourced to has the right to sell the products and further outsource to other companies.  This lets the network marketing company to focus its efforts on product research and development.  The network marketers are effectively small sales companies that don’t have to worry about product development.  They are free to focus on sales and are paid based on how much product they sell.

The great benefit for you just starting out is that your advancement in the organization is completely unlimited. In any traditional sales organization there is a structure of VP of Sales, regional managers, district managers, and so on.  It has a pyramid-like structure.  In order to advance you have to wait for one of the people above you to leave the organization.  Network marketing doesn’t have a pyramid structure.  When you join my team there is nothing to stop you from advancing beyond me.  There are at least two places in my upline where the sponsored consultant outranks their sponsor.  That could never happen in a corporate structure and definitely not in a pyramid.

And as for them all sitting around and collecting money from my sales efforts?  That just isn’t true either.  They put a lot time and effort into training and support for their many downlines.

I hope that clears it up a little.

Wayne Woodworth
Internet Network Marketer
I challenge you to outrank me

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Want to Pay Less in Taxes Next Year?

May 1st, 2009 · 1 Comment

April 15th has come and gone and tax season is over for another year.  Were you happy with how much money you gave the government or would you like to decrease it?  Now is the time to look at that and prepare for next year.

I don’t mind paying my taxes every year but I definitely don’t want to pay more than I have to.  The best way to reduce your taxes is to be in business for yourself.  If you have a regular job then you know that you pay taxes on the amount of money you make then you pay your expenses with what’s left.  Did you know that businesses do it differently?  They pay their expenses from the money they make then pay taxes on what’s left.

In case you didn’t get that, let’s say you are an employee who makes $3,000 each month.  The government taxes you at 25%, so they take $750 and leave you $2,250 for the month out of which you make a $500 car payment.  You have $1,750 left.  Now let’s say you are a  business that makes the same $3,000 each month.  As a business, your $500 car payment is a business expense leaving you $2,500 in income.  That amount is taxed at 15% (you dropped to a lower tax bracket) for $375 and leaves you $2,125 to get through the rest of the month.  You have an extra $375 each month just because you are a business.

Starting a business sounds good now, doesn’t it?  But what are you going to do?  It has to be a legitimate business.  How about network marketing?  It is easy to start, has very low cost, and you can do it from home (which saves you even more money because your home office is a business expense).  I can offer you two good choices of network marketing companies to look at. One in wellness and the other in greeting cards.

Wayne Woodworth
Network Marketer
Saving me a fortune.

One more thing, I am not a financial advisor.  I strongly encourage you to talk to one about your situation so that you know everything you need to know for your area and what you want to accomplish.

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PROVEN: Science to Getting Rich

April 27th, 2009 · No Comments

I spent this past weekend at a Bob Proctor live seminar.  The man really knows how to make money, and he should because he’s been studying it for more than 40 years.  One of the books he has studied is The Science of Getting Rich by Wallace Wattles, which was written 100 years ago.  Have you seen or read The Secret?  The movie and book were originally inspired by The Science of Getting Rich.

When I got home from the seminar I had an email about a new online version of the home-study program on the Science of Getting Rich that Bob Proctor has done with Rev. Michael Beckwith and Jack Canfield.  I have the old CD version of the program that used to sell for $2,000.  The online version is only  $197, almost free compared to what it used to cost.

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The Solution to Rising Health Care Costs

April 11th, 2009 · No Comments

Before the economy became a problem, the news stories were about how health care is too expensive and people cannot afford insurance. Now that the economy is the top story, even more people are unable to afford health care. Do you know people who are in this position? Are you concerned that you could face this before the economy recovers? Would you be interested in a solution?

My favorite solution to rising costs is to make more money.  Easier said than done, right? It is easy.  Network marketing and affiliate marketing are what I like to do.  Would you like to get paid for recommending your favorite movie or restaurant to your friends? Unfortunately, restaurants and theaters don’t do that, although they do depend on word-of-mouth advertising for the majority of their sales. Some companies do work that way though, and they use either a network marketing or affiliate marketing plan.

Read more for another great idea to control your health care costs.

Bob Proctor has a great new affiliate program.

Wayne Woodworth
Internet Marketer

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