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Residual Income Creates Happiness
|Mon, September 23, 2019 at 3:05 PM|Send Blog · Share on Facebook · Bookmark on Delicious
Driving performance cars and hitting curves at high speeds is often a dreadful experience on the open roads, but a welcomed adrenaline rush on the race track. A friend invited me to go to The Audi Experience at a Speed Way in Michigan and it was a great experience. The professional drivers offered tips and tricks for getting the most out of a vehicle racing down the track at top speeds. As the summer season comes to and end and the leaves start changing I'm reminded of how similar my experience on the Speed Way is with strategic planning. Picture different model vehicles lined up on the track from the Audi A4 to the super charged A8 ultra performance machine. There are key features and benefits depending on what model you drive, but at the end of the day they are all designed to get you from point A to point B.
This is similar to the financial vehicles we select to get us from where we are to where we want to be financially. The vehicles we utilize to get us to our financial destination are largely selected based on our exposure of what's available. Most people utilize qualified plans, like a 401K, 403b or IRAs (individual retirement accounts) as they start their financial race. Unfortunately, Wall Street and main stream media have done an excellent job reporting on these "models' as preferred vehicles for the retirement journey. Those few lucky enough to have access to family and friends that have been exposed to the ultra performance models know there is a big difference in outcomes at the end of the road.
Consider this an opportunity to gain valuable insight or tips and tricks to as you speed down your financial race track. Have you given much thought to where your money comes from and how accumulation is no the only factor that matters? If you want better outcomes with your money, try to find vehicles that top performers utilize and understand what features and benefits are absolutely necessary. I'm reminded of Warren Buffet's rules for investing. Rule #1 Never lose money. Rule # 2 Never forget rule number one. Sounds great, but most people did not know it was even possible to have money work for you in a way where you never lost money. After all, that's what investing is all about right, managing risk? Wrong, while every investment carries the chance for loss and chance for gain, there are vehicles that offer growth with no loss. If you would like to learn more, visit www.DocReid.com or contact me at 248-905-157.
|Wed, October 29, 2014 at 1:13 PM|Send Blog · Share on Facebook · Bookmark on Delicious
With all the harmful additives and bad ingredients in the food we buy i have made serious changes in my level of scrutiny with the food I eat. Have you seen the documentaries like Food, Inc. that expose all the "food-like" products that sit on our shelves and end up on our dinner plates? It's troubling, so needless to say, I have become a label reader and have limited the amounts of processed foods I eat.
A few years ago, Gluten Free and Non-GMO was not in our vocabulary. Shame on me for thinking all my food was Natural and Organic. Unfortunately, the mass production of foods has lead to a decline in the quality of nutrients we are actually getting from the foods we eat. This is the number one reason I am a fan of vitamins and supplements. So, here is what got me excited, I agree that the One-Size Fits All approach does not make sense.
I'm 36 years old and the multivitamin I was taking was the same Men's One A Day multivitamin my 60 year old dad takes. My health is different from my dad's health, so my vitamin and supplements should be too.
I found a great Nutrition program that is helping put non-GMO, Organic, All Natural nutrition back in our diets. I have always been aware of the importance of taking supplements and vitamins in order to support my health. So, when I was introduced to this customized nutrition program that allowed me to design supplements based on my individual family health history, personal health profile and lifestyle I was intrigued. The program is based on 18 years of research and supported by over 7,000 medical and scientific studies. And obviously the results have been noticeable for me and many others. When you put the right things into your body the body heals itself.
Let your food be your medicine and your medicine be your food.
It won't matter how much financial success you achieve if your health is so bad you can't enjoy it. Hope this information helps and I appreciate you taking the time in reading my post. THANK YOU.
Make it a Great Day!
|Fri, May 16, 2014 at 8:51 AM|Send Blog · Share on Facebook · Bookmark on Delicious
3 ways to Wealth
Are you waiting for someone to give you the gift of wealth? A lot of folks are waiting, but what if no one shows up? Don't procrastinate and leave your success in the hands of others. When you presented with information, that is the "present", when you receive the information it becomes a "gift". Information is free and being open to opportunities is the best way to receive a gift. In terms of wealth, you may be fortunate to have someone gift you with wealth, but don't hold your breath. Life may end before the gift comes.
Does your family have an asset that they are going to pass down to you in the future. Some fortunate individuals will become wealthy by inheritance, because someone made a decision to create a legacy to improve their financial position in life.
The new wealth population will be created by individuals that put action behind their ideas and desires. Not waiting for their ship to come in and understanding we have already received an inheritance. The characteristics and values passed on to you in your early years. It may not have come in the form of money, however your inheritance came your heritage and family history. My family passed on an heritage rooted in faith. Understanding that all things will work together for the good. Building community and looking out for others. Being aware that we are responsible for others, as well as ourselves. Show love to your neighbors and bring value to everyone. This is a rich inheritance. We have the power of decision and free will affords the opportunity to create wealth for anyone willing to pursue a dream or idea. This is an amazing time to create wealth and regardless of the situation, it's time to decide if creating wealth is going to be your legacy. Stop waiting for other courageous people to step up and make it happen
|Fri, May 16, 2014 at 12:00 AM|Send Blog · Share on Facebook · Bookmark on Delicious
"The Success or Failure of others has never stopped me from deciding what is possible for my life" - Doc Reid
It amazes me how many people let past failures abort the possibility of future success in their lives. Today I had a conversation with a friend who is looking to take control of his financial future and the taste of past failures is preventing him from moving forward in a direction that will lead to successful results. Did you know that 70% of the conversations we have in a 24 hour period are had with ourselves. That's right, the overwhelming majority of failure in our lives is not due to external forces, but our own lack of believe in our abilities.
Stop talking yourself out of success. There are reasons why people fail in Network Marketing and the truth is it has nothing to do with Network Marketing and everything to do with YOU!!!
Perception is reality, right? Wrong, Reality is Reality. How we view what happens to us is our perception. What is the story you keep telling yourself as to why your not successful? That is faulty mental programing that requires an upgrade if your going to change the outcomes in your life.
Network Marketing is more a course in personal development with a compensation plan attached. The reason I say that, is in Network Marketing if you are with a company where people are making money and and buying the product the problem with why it is or is not working is YOU.
I know that is a hard pill to swallow, but please allow me to share with you some of the things I have realized about this industry. When a person joins a network marketing company they are buying into a proven system, no less different than buying a Subway or McDonald's franchise. If you follow the system the results are the same with the finished products. In network marketing, you are not limited by the capital to acquire the franchise, your limited only by your ability to create a contact list. The network of people you know is is your capital investment, sort of speak. Let me show you how the wrong thinking destroys your chances of success.
When you start your business a contact list is required. When the opportunity was presented to, a person makes a mental list of individuals they believe will buy the product or service and who would be a good fit for the business opportunity. A beginner will see enough information against this mental list and decide to invest or pass on the opportunity. I call this the Lottery Mindset.
If you decide to invest in the business, your mindset views it as having bought 5 lottery tickets. Each ticket is a name of a person you have on your mental list. You run out to sell the opportunity to the people on your mental list and when you get shot down or told "NO", you scratch off one of the lottery tickets. After scratching off your best friend, neighbor, pastor, sibling, co-worker and the "ole faithful" sure thing being your mother, your done with the business. With no more lottery tickets to scratch off the brain has to find a reason to justify the failure in the face of the company, other distributors or product your invested in. Either the product can't be sold, because no body wants to buy it or you just found another reason why these things don't work for you. You talked to EVERYBODY you know and no one is interested. Sound familiar?
The REALITY is if the company is doing well offering you a good product, providing you accurate records and paying commission checks on-time, everything else is up to you. The Distributor.
If other distributors are making money and getting paychecks, the lie your telling yourself that this thing is a scam and does not work is not true. The problem and the solution is YOU. I have great news for you, because there are only 7 skills you need to learn to fix the You-side of this equation. Only 7 simple things you need to learn in order to have better results, make more money, and enjoy the benefits of the industry and cash in on the promise of Time and Financial Freedom after putting in the necessary work.
Learn these simple skills and you can have massive success in a short amount of time with the vehicle of Network Marketing.
1. Prospecting or Finding People to talk with.
2. Inviting Prospects to understand your product or opportunity.
3. Presenting your product or opportunity.
4. Following up with prospects
5. Helping prospects become customers or distributors.
6. Helping new distributors getting started right
7. Promoting events.
I have limited experience with product companies, but I recently found a product that literally does all the heavy lifting. (www.DeadSeaBiz.com) These products are manufactured by the world's largest manufacturer of high-end cosmetics and are formulated to give Turbo Results. This means the only job left for representatives / agents is to invite people to learn about the products. I'm seeing people blown away by the results in 15 minutes and want to support their friend's business by making a purchase. If they don't buy, you now have one more person with a positive experience about your products and they can refer others to you or become a customer in the future. Simple as that.
Remember, greatness if found in the moments of your decisions.
Robert Doc Reid
|Wed, March 5, 2014 at 1:47 PM|Send Blog · Share on Facebook · Bookmark on Delicious
I recently attended an event put on by The Daymond John Academy. Daymond is the Black Multi-Millionaire featured on Shark Tank. He founded the iconic FUBU (For Us By Us) company and turned $40 into $6 Billion company. Well, I had to share a couple great ideas with you.
"The Road to Poverty is Paved with Good Intentions" In this "worker bee" society people have been created for success and programed for failure. If you don't believe me, finish the following sayings:
Money does not grow on....
It takes money to make.....
If you want something done, you have to do it...
Undeniable Truth #1: Money is not the issue!
"There are no Million Dollar Ideas, only Million Dollar Execution" -Daymond John
That hits like a ton of bricks, because we have all had a million dollar idea that has not make us a million dollars, right? I know it's not just me. The amazing thing about surrounding yourself with accomplished individuals is realizing the only difference between them and you is ACTION. Wealthy people have a biased towards action and quickly delete the "image management" that plagues so many people when they are presented with information that can help them improve their current circumstance. The main problem is FEAR (False Evidence Appearing Real) and more energy of thought is given to fear than attributed to faith in your own ability to take action on your idea.
Undeniable Truth #2:
"It takes just as much energy in thinking small as it does in thinking big" -Daymond John
Living successful lives is developing the proper Mindset to achieve. Smart individuals have learned to gain the missing pieces to their dream team in order to improve their chances for success.
Start thinking bigger. School has conditioned us that if you have an area of weakness, we should put energy into getting better, when the achievers in the world have learned the 2 or 3 areas they are strong in and working with people to cover up the other areas they weaknesses in. TEAMWORK makes the DREAMWORK. Do an analysis of the people you spend your time with and if you are the smartest person in the group, find someone who is smarter than you ASAP. Go to the library and read a book or get on YouTube and watch videos from smarter people who will feed your Mindset.
Undeniable Truth # 3 "Slow is Painful, Fast is Profitable"
We need 3 things to win in business: Time - Leverage - Compounding
We can all go fast when we have the knowledge gained by good advisors and mentors who have a track record of success. Time is our most precious commodity because that is the one resource your not getting any more of. Learn to plan better and execute faster with the right team.
The goal of entrepreneurs is to have a business that they can Scale, Monetize, Sell and get Residuals from. In order to achieve this it takes 1. Mindset, 2. A Quantifiable Business Plan, 3. Application or Action on your business plan.
Start with the end in mind and don't let your learning lead to knowledge, make sure it leads to ACTion.
Make it a Great Day!
Robert Doc Reid
|Wed, March 5, 2014 at 12:00 AM|Send Blog · Share on Facebook · Bookmark on Delicious
I sometimes find inspiration in what my friends share and today I want to share a post from my friend Jeremy.
The following testimony is taken directly from Jeremy's Face Book page.
Jeremy's Story- Creating $135,000 passive income in 16 months with Network Marketing:
"When you help others get what they want, you get what you want"
"This truly has been an amazing 16 months here at Company. This achievement certainly wasn't done alone and I know sometimes it's risky in trying to thank everyone. There were many hands in getting us here but there were a few that have made this Journey what it is....First, none of this would be even possible without John Malott & Tiffany Malott... Thank you...You took the greatest risk and I appreciate you for finally giving me a minute of your time. You have no Idea what you have meant to me and my family. You have brought me from the Darkest Place I've ever been to the brightest place I was told I would never get to if I followed you. Thank you for standing firm of your belief. I thank God for the message you received on Easter Sunday. I thank you for your leadership, your generosity, your kindness, your commitment, your friendship and your love. Izhak, this entire community thank you for having the wisdom and faith to follow your gut. You have built something special and different and I will help to protect it....I am eternally grateful that God has weaved you into my life.
I can now tell the story of how and why...I can't imagine that it was 22 Months ago that I couldn't afford to keep the lights on in my home, the gas to cook a single meal or the cable to entertain my child. Being broke both emotionally, financially and spiritually eventually led to me and my 15 year old daughter being evicted from our home of 8 years. With nowhere to go, we found ourselves living in my Ex-Wife's Basement, a difficult and humbling decision, but one that I am eternally grateful for her kindness. Life for us became that of survival. I had lost all hope and faith in everything and everybody and found myself in the darkest place that I have ever been, with no daylight in sight. The constant digging around the house to find enough coins to get gas just to take Hunter to school and run a few appointments became an everyday hunt and a constant source of depression. How does one go from earning a comfortable $7,000/Month in a business that he spent 14 years building from scratch with blood, sweat and tears to watching the very company sell to a Private Equity firm and within 8 months, watch that comfortable income drop to less than $1,100/month in 8 Months.
I didn't understand, I was working harder than ever, building more, selling more than I ever had but no one could tell me why I was now starving and living below the poverty line. I honestly thought it was me, matter of fact, I was told that I wasn't doing enough, that the "sacrifice needed to have what I wanted, hadn't equaled the pay increase I was looking for". I wasn't looking for increase, I just wanted back what was taken from me. So, from that day, it became very difficult for me to continue to stand in front of the hundreds of people that I spoke to each month and tell them that this company is where you can achieve financial freedom, where your dreams can come alive, where Hope and & Opportunity meet to have the lifestyle you wanted. I could no longer stand and say that when so many people were losing everything and I was living in my Ex-wife basement and borrowing money from friends. So I made the decision that feeding my family and putting a solid roof over our heads where we could once again hold our heads up and not be a burden to others were more important than the Loyalty of a company that no honored it's loyalty to me and to the people whose backs it was built on. As hard of a decision as it was, because I was leaving behind family and friends who I broke bread together with, prayed with and cried with over the past 14 years in building our dream, nothing was tougher, harder and more hurtful than the vilification, the harsh words the turned backs, the isolation from those who I called brother and sister, the very people that I poured my soul, my time, personal and financial sacrifices into to help them build and create the dream for. To be treated as a Leader and partner and rising star one day and less than 24 hours be treated as the "Enemy", "Trader", "Awful Leader", simply because I wanted to feed and house my family was one of the most hurtful things to ever happen to me. To have my relationships turned on me by a mentor who I looked up to, who I sacrificed much for, who would never have to worry about money for the remainder of his life, but he felt the need to poison the very minds and drive a wedge between me and those I cared about for a mere 30 silver shekels said a lot about those friendships and relationships. So for those who wished, prayed and plotted for my failure, I still love you and I welcome you here.
This is a company where hard work, commitment and loyalty is weaved into the very fabric of our community and as a result of that, everybody wins. "No one left behind", is not just words plucked from a movie and shouted from the big stage, its words that drives every Company Agent to truly build a wealthy community. For me to do in 16 months what I tried painstakingly to do in 14 years, you have to say, it wasn't the individual, perhaps the vehicle I was in simply just ran out of gas and I was simply "Tired" of pushing it. If you're still pushing and your just tired of pushing. We have a home for you where your talents won't be overshadowed by the same old stories of 8-9 years ago. Here in Company we create new Success Stories every day, here people are winning.
You just have to be willing to pull yourself out of that dark place an allow us to show you what a true Wealth Building Community looks like."
Passive income can be developed by focusing your energy on helping others have success inside of a system that benefits you long after your personal involvement. This is why I started in Network Marketing. Doing the same thing and expecting a different result is a great example of insanity. I am compelled to share an inspiring testimony of one of my mentors, Jeremy, on creating passive income using the vehicle of Network Marketing.
Thank you for taking the time to read.
Robert Doc Reid
|Sat, March 1, 2014 at 12:00 AM|Send Blog · Share on Facebook · Bookmark on Delicious
Profits are Better than Wages, and when you only have a JOB (W-2) income your settling when you can have so much more.
We all want a pay check and we can develop paychecks outside of the one we get from an employer. Employers require labor for you to earn a linear income. This means, work a job in exchange for a paycheck. In this arrangement, the hourly rate paid is fixed and to increase your paycheck you must exchange more time or labor. The money paid is limited to the time exchanged. Here is a major problem with this arrangement, there are only 24 hours in a day. Good place to start, but not the best place to finish when it comes to maximizing income. By learning to create passive income that you receive whether you work or not, the limits are off your income.
Network Marketing provides you with the ability to get income that is not limited to the time you exchange for it. Do you realize you are already participating in passive income, but not benefiting from it? Seriously, turn off your t.v. or stop driving your car and see if you get a bill the mail. We are paying others for things all the time, and our expenses create passive incomes for others. Would you like to renegotiate these terms and start benefiting from passive income as well?
Now is your chance to create better terms and get paid every month for the work you do once or for a short period of time. I decided to invest my time and energy into building a business that requires sweat equity and not a large capital investment. The Network Marketing business offers a great training ground for those looking to get paid what they are worth based on performance and not politics. It is also the one investment I have complete control over. Why leave your financial future in the hands of someone else, who really does not share your values anyway?
Have you read "Rich Dad, Poor Dad" by Robert Kiyosaki? If not, go get the book after you read this. My paradigm shifted and boosted my financial literacy level. This book compares the money philosophies of the poor and rich. My parents, like yours, gave me what they were given and that is the "worker bee" value system of the "poor dad". My parents worked as employees and taught me to do the same. Do not let your past hold your future hostage, because when you learn better you can choose to do better.
I graduated high school with honors, I got into a good school and moved across the country to get my college degree. Four and a half years later I became a college graduate that qualified for an income that would not lead to financial freedom. Problem here is I always dreamed I would have financial freedom at the end of my working career. My business mentor taught me, "a formal education makes you a living and self education makes you a fortune" (Jim Rohn).
Working 40 hours a week for 40 years of your life will result in over 80,000 hours of my life working in an arrangement that will not result in me owning the income when I stop working. It also has limits the income growth, and worse gives 100% control to someone else over my financial future. By the time I turned 35 years old I experienced downsizing more than twice. Gone are the days of working for one employer and having the company take care of you in your golden years. Plus, most jobs do not come with the benefit of residual income, or ongoing income.
Network Marketing is not perfect, it is just better. Starting your own business in the Network Marketing industry offers total control over the hours required, with no limits on how much you can get paid. And the benefit of residual or ongoing income. That's better right? I love this option where I get paid every month for work I did one time. Would you say the outcome of this financial action plan is superior to trading time for money at a job? The blue print allows an individual to work 20+ hours a week for 5 years and have no boss, time flexibility, unlimited income and residual or ongoing income.
I decided to change jobs in 2005 and became a licensed insurance agent selling auto and home insurance. The idea of having that ongoing income was a big reason I became an insurance agent. Just start digging a well before you are thirsty. Do you agree?
There are no bad or good experiences, only learning experiences.
I got my start as a part time entrepreneur in 1999 during my last year in college. I followed the plan, went to the trainings and it worked. My first couple of checks were small, but once you have tasted the fruit of creating something from nothing but an idea there is a fire ignited on the inside. Those small checks were proof this thing works and I could not get that experience out of my mind. The idea of making money every month for doing work one time is real. I learned to discipline my disappointments and began looking at my experience differently. It is easy to make excuses and blame others. Some people get stuck blaming the company, the product or the industry, but those having success look at it completely different. If you got a check, it worked. A better question to focus on is what skills do you need to learn to add more zeros to the next check? You will become a better person by acquiring more skills and solving problems.
In 2002, while working full time in corporate America I decided to dig my 3rd well with another company. I needed to make an extra $500/month, even though I worked 40 hours a week at a corporate job. The pay check to paycheck lifestyle was more than I could bear, can you relate? Working a job and having a routine of going to work, coming home to eat and have a few hours to relax or hang with friends before having to start it all over again.
It was frustrating to say the least and I wanted a change. At that point in my life, the two failed attempts tainted my perception of the industry. I almost missed one of the most rewarding experiences of my life because I began to get bitter, instead of better. I doubted the network marketing based on past experiences. Personal Development saved me from that mental trap, and I am so glad I collected enough reasons to give it another shot. Most people will simply say, "it will not work", but I looked at it another way. It takes courage and belief in your abilities to say, "what if it does work"? That simple question separates those who experience success from those who quit before they have a chance at success. It is not ability it is wrong thinking that takes most people out of the game, before they win.
This time, it did work and my first month paycheck with this company gave me an extra $400. I got my investment back and made a profit. I like to keep it real, so I thought anyone can have a lucky start. I wanted to make money again to build my confidence. That was my belief check, and a bigger check followed the next month. My second month the check was $700. By doing the work and going to training, things continued to improve. I got better at the game and this resulted in me making more money part-time working 8-10 hours a week in my own business then I was making full-time working 40 hours a week at my corporate job.
Eating the fruits of your own labor is one of the most gratifying experiences I have had. Network marketing allows you to feel the empowerment of this powerful emotion. Freedom is not free, but it is worth fighting for.
While building my business and helping others, I was blessed to take world-class vacations as part of my reward for a job well done. Traveling to places like The Atlantis Resort in Paradise Island, Bahamas. Best of all, being in a position to support loved ones and do things you want to, instead of justifying reasons why you have to settle and live beneath your abilities.
You can too!
|Fri, February 28, 2014 at 12:00 AM|Send Blog · Share on Facebook · Bookmark on Delicious
Owning a business offers total control over the hours worked with no limits on how much is paid. I love the arrangement where I get paid every month for work I did one time. What is the ultimate outcome at the end of your financial action plan? Some options allow an individual to work 20+ hours a week for 5 years and have no boss, time flexibility, unlimited income based on efforts and residual or ongoing income.
The phone bill, cable or internet bills and insurance premiums we pay every month help someone else benefit from residual income and great lifestyles. Here is some good news, you don't have to become an insurance agent to benefit from residual income, however knowing you have a choice in the type of income you are paid is empowering.
A few months ago, I decided to dig a new well (start another company) that I believe will provide far bigger returns, much faster than anything I have ever witnessed over the last 10 years. Why, because the Timing of this opportunity is unparalleled and the track record of success is astonishing.
If I can show you how to create a significant boost in your cash flow over the next six to twelve months, would you want to see how we are getting it done? Go to VirtualBasedAgents.com
Make it a Great Day
Robert Doc Reid
|Mon, December 23, 2013 at 3:42 PM|Send Blog · Share on Facebook · Bookmark on Delicious
Some of my titles include, husband, father, brother, son, friend, business partner, teacher, mentor, and all around good guy. I'm committed to empowering the lives of others. Professionally my background includes insurance sales and entrepreneurship.
Do you know someone looking to increase their cash flow or boost their retirement?
I'm working on a project and would like to partner with forward thinking and self motivated professionals.
Success is what you do for yourself and significance is what you do for others. Creating a full and effective life grows from getting better Spiritually, Mentally, Physically, Socially and Personally/Family.
Thank you for taking the time to download the Doc Reid App.
It's time to build our community of wealth and we do that by supporting those in our community by sharing great information and ideas.
Make it a Great Day!
Robert Doc Reid
I am a child of the Most High Yah, Elohim of Abraham, Isaac, and Jacob. An example of growth and consistency, sharing his Love and Truth.