Post-Halloween Pre-Election Musings
Saturday, November 1st, 2008It’s the day after Halloween 2008. If you weren’t scared yesterday, there’s another scary thing happening in three days: the presidential election! What’s scary about it is that neither Barack Obama nor John McCain has a viable plan for Social Security. As you watch the following video, try to answer the question, What’s your Plan B for retirement?
If you’re one of the fortunate few with steady employment and a nicely funded pension, you might not need a Plan B at all. For the rest of us, Social Security will clearly not be enough to pay all of our retirement bills.
So what is your Plan B?
For many, network marketing is the logical choice, but for retirement purposes you’ll need to pick your network marketing company wisely. Be sure their compensation plan provides a steady stream of income once you’re no longer actively pursuing the business. The ideal would be to find a company where you could work hard for two to five years, and then have the option to “retire” and still collect commission checks. Not all compensation plans support this.
One thing to watch out for is a compensation plan that pays out only if you continue to sign up new customers or associates. You may receive a growing residual income from your existing organization, but you have to keep working … not my idea of a rewarding retirement.
For me, the power of network marketing is residual income. Without residuals, it’s really nothing more than direct sales, and if you don’t keep selling, you don’t get paid.
As it turns out, I am actively involved in two opportunities. One is what many consider to be the best network marketing opportunity out there. The other is actually a direct sales venture, yet the compensation plan is such that a strong residual income is quite possible. If you’d like to discuss either or both of them, just give me a call or send me an e-mail. I’m in this to serve you. Let me help.
In any case, do something to prepare for your retirement. Social Security is not going to be enough no matter who gets elected on November 4th.
