Happy Day folks!
That question changed my life over 10 years ago. Really, it means how many streams of income do you have. I want to ask you some questions that I have asked myself in the past:
- Where are you at in your life right now?
- Where do you want to be?
- Do you realize to move from where you are to where you want to be, you will need to make some changes?
- Have you made a decision to make those changes?
Sometimes those are hard questions to ask because ultimately you have to be honest with yourself. When I got started in real estate and in network marketing, I was a broke, single mother of 2 beautiful children, not receiving child support, living in a crappy little log cabin up in Sunapee, NH, driving a 10 year old, hand me down SUV. I was making jam and selling it at farmer’s markets and was barely making enough income to keep the roof over our head, food on the table and gas in the car. I knew that I wanted a different lifestyle for my kids and myself. I wanted to be able to own my own home, have a new car and ultimately not worry about how the bills were going to be paid. So, I had to make a decision. I knew asking for government assistance was something I could not do. Now, don’t get me wrong, there are programs out there that help people and I make no judgements on people who use those programs to help them get out of a hole. I just knew it wasn’t an option for me. The way I was raised, it was wrong to rely on anyone but myself. So, I had to make a decision to do something.
So, what was I going to do? I knew I wanted to do something that allowed me to stay home and I began searching for a job. I found one as a secret shopper. This would allow me to bring my kids with me. I answered an ad for a part time position with a local real estate group. I was nervous as all get out to even go to the interview. I knew I had to put my big girl pants on and go meet with these folks. I was even more nervous when I walked into the room and there were 7 of the investors that ran the group sitting there to interview me. Interviewing with one person is bad enough, but, 7 sent my insides shaking like crazy. I knew I had smile big and present myself in a way that would at least give me a chance at this job. They must have seen something that they liked, because they hired me for $10 an hour for 5 hours a week working from home except 1 day a month where I would go and man the table at the monthly event.
So, here I was, making jam and selling it at farmer’s markets, visiting local businesses as a secret shopper and working part time for an investors group. I started meeting people at the group and began asking them if they needed any help because jam season was ending and I needed to make more money to pay the rent. I was learning a ton about real estate at the meetings and a few of them hired me. But, it still wasn’t enough. I was still living negative pay check to negative pay check. Thank God my mom would drive over an hour at least once a week with a bag of groceries.
At some point, I met Annie Trajlinek at one of the investors meetings. She was different than the other investors. She was always happy, bubbly and had a kind word to say to me. She actually took the time to talk to me. The other investors checked in with me and went into the meeting. Annie always stopped and made a point to get to know me. She did deals with one of the investors that I worked for and one day asked for my email to send some paperwork over. When I received her email I noticed a little tagline at the bottom of the email, it said, “P.S. How many bonus centers do you have?” I, of course replied, “What is a bonus center?” She replied, “A cashflow center that produces monthly residual income.” I replied, “I’m a struggling, single mom, HOW DO I GET SOME OF THOSE?” That is how I was introduced to the world of network marketing. It has been an income stream ever since and has provided me with monthly residual income that surpasses what many of my buy and hold investors are getting owning hundreds of units and it’s a lot more fun than dealing with tenants. Just sayin’ :-). At some point I started Boston AREIA, while wholesaling properties, developing my network marketing business and working for other investors. So, I have many streams of income and it has allowed me to buy my own home, get that new car, provide for my kids, keep food on the table and pay for my bills easily.
Think about it:
- If you only have a J.O.B. then most of the times you are Just Over Broke or your being Jerked Out of Bed. 🙂
- If you have a J.O.B. and you are working on Wholesaling and have actually closed a few deals then you are dragging yourself around can reach a few of your goals.
- If you have a J.O.B., working on some Wholesale deals and have are working a home based business, you are beginning to open up the choices you have.
- If you have a J.O.B., working on some Wholesale deals, are working a home based business and are rehabbing or investing in buy and hold properties, you will be set for life.
So, where are you at, where do you want to be, do you realize you need to make a change and have you made a decision to do something? What are you going to do? And, if you keep your options open for multiple streams of income, let me know…I am here to help.
Yours in success!
Bernadette Trafton, Chief Connector