Income Producing Asset

IncomeProducing Asset I shared a teaching on this recently Do you have an income producing asset? How many? Here are some examples of income producing Assets Real estate that is leased or rented for more than the monthly cost. A Business that produces revenue even if your not working it. Investments that produce cash flow example You have $500,000 invested with your Financial Advisor giving you a return of 4% you receive about $20,000 per year return Thats an income producing asset. One small challenge for most people saving $500,000 dollars Possible yes, challenging yes. I was asked "isn't my job an income producing asset" My answer was this In a job you are the asset,you produce you are paid, if you don't produce you are not paid. If you don't work you don't get paid. Bottom line its only as good as your last pay check .Working while producing that income producing asset is the key. Here is what some of my Mentors have taught me about Income producing assets The Greatest way to create a very large" IncomeProducing Asset "is set up Networks of Distribution. That's what the greatest networkers will teach. This is something anyone can do Open a Business Centre for less than $500 Become mentored by others who understand that their success only comes after you are successful!Thats a beautiful thing.cooperation not competition Learn, teach , grow as you build your business with other people with similar goals and aspirations .You are building your Network of Distribution for a life time income.Income that keeps coming in month after month. Your Asset's are the people! Respect,Teach,Inspire Lead and your future Income Producing asset will grow as you grow! This is a relationship Business love people! One of my mentors said this"if you help enough people get what they want you in turn will get what you want" Congratulations to all of you who are building your Income Producing Assets Embrace what we do learn, grow and we will all meet our dreams and goals and enjoy the fruits,of our labour Bill