I can't believe I was lied to for this long...
Lies such as:
-A job is secure...
-Put in more hours to make more money...
-A college or university degree will teach you how to make money...
The reality check was a much needed slap in the face...
It wasn't that long ago and I was working in the mining industry... working shift work and long hours in remote Western Australia, away from my home and family...
Sure I was earning good money, but when the global financial crisis hit in 2008, and many long-term loyal workers lost their jobs, I realised that I was nowhere near where I SHOULD of been financially... I had a lot of credit card debt, and very little savings...
Fortunately I survived the cutbacks, but I knew that my number could come up at any time, and I wouldn't have much to fall back on, despite the many years and long hours that I had put into my "job".
I even thought of going back to University to get a degree, but I had seen many graduates finish their studies to struggle to find employment... and even if they did get a job, they were on way less than what I was earning currently anyway!
Shortly after this realisation, I decided to "earn my fortune" in real estate and investment properties, and I decided to start educating myself by reading books and searching for information online...
But the first real turning point for me was one night when I was at work, my machine wasn’t needed and I was just sitting in there reading a book called Rich Dad Poor Dad... learning new concepts about investing and managing my money, when I heard this loud noise behind me...
As I turned around, I couldn’t see anything at first, but then I noticed this bulldozer coming up over the side of the pit edge, It was then that I saw an old guy I worked with called Ross who was around 60 years of age in the dozer, and he was pushing this huge rock around and being bounced and knocked around in the cab…
It was at this point that I had a total epiphany… There was no way that I was going to continue doing this job for another 20 or 30 years bashing my body around like this… I was going to do something and take control of my financial situation and start to create some real wealth for myself and my family.
So I took some action…
I added to my credit card debt and paid $10,000 to join a property investment mentoring group and bought my first investment property through their buyers agency, and soon after I bought a second one as well.
At the same time, my wife and I built a new house to live in and we rented out our smaller cottage house, and in no time at all we owed well over a million dollars in real estate… so on paper it looked like we were doing pretty good right?
Wrong!!
This is when I discovered I didn’t have my foundations in place at all!
I had a huge non tax-deductible mortgage on our new home and a small one on our rental home.
The first investment property wasn’t set up tax efficiently either due to a “miss communication” between our accountant and mortgage broker and cash flow was now a major issue!
So I began the search for cashflow strategies online, which lead me to a property “gurus” $6000 course about controlling property with no money down...
Can you see a problem developing here?
Suffice to say it didn’t work!
So reluctantly, I sold a couple of properties, refinanced and started again, but it left me with two very important lessons.
..
1) The importance of having the right foundations in place before scaling up…
2) The importance of cash flow...
And that’s why I believe that creating recurring income with an online business is essential for building long term wealth and financial freedom...
So then I started learning about, and building an online business...
Fortunately, I didn’t fall victim to any of the scams online, and I found some good mentors and training programs, and I started learning about affiliate marketing...
Affiliate marketing is where you can leverage other people's products in a win-win situation... This way you don't have to have your own product, carry inventory or deal with customer service...
But even though I felt I had found the best business model, for the first few years I had limited success...
I made some good money at times but it was spasmodic...
Sometimes, it was building momentum, but then it stagnated.
..
It was extremely frustrating and at times quite overwhelming...
I was VERY determined to keep going, but I have to admit that I had fleeting moments of wanting to give up…
But I just couldn’t go back to where I was, I knew too much now…
I knew that it was possible…
I believed that I would eventually make it!
So I kept going…
I’d been following different gurus for a while, but things weren’t quite clicking, (and I think that’s the way they like it) but there was one that started to really resonate with me, and I became immersed in his trainings and things started to improve...
But the real turning point came when I began networking in Facebook groups with other people that followed this guys trainings as well.
..
These people weren’t gurus… they were just everyday people like you and me who were just getting it done...
They were building up there passive and residual income, and many were starting to replace their working income and leave their jobs!
This was proof right in front of my eyes, and they were helping people along the way to do the very same thing!
What they were doing was working, and with their help I began to model their strategies...
And I started seeing results too…
Consistent results…
Building up that residual, recurring income…
Residual income is when you get paid over and over again, from work you have already done!
And once you begin to build up this ongoing residual income month after month then you have the ability to do 5 things...
1) Reduce your debt
2) Invest in growth assets to increase your wealth
3) Increase your lifestyle
4) Re-invest in your business to scale to any level you want (For example, totally replace your working income)
5) Create your FREEDOM!
All thanks to learning the "Residual Profit Secrets" of affiliate marketing that "society" and the "gurus" simply don't want you to know...
Isn't it time to "crack the code" of affiliate marketing?
