In a recent article for AARP, Lucretia Marmon says older Americans are going deeper in debt!
Did you know that 450,000 of them filed for bankruptcy in 2003? This makes older Americans the fastest growing age group in bankruptcy. It seems that a down-turn in economic times and today’s easy credit are causing people, particularly those 50 to 65, to accumulate too much mortgage and credit card debt.
Many of you reading this who have been “downsized” from a good job, with little prospects of finding another one, often use credit cards to tide you over. Job loss and medical expenses top the reasons for indebtedness and bankruptcy. And, to make it even worse, all this has happened when you were beginning to look forward to some day retiring.
To solve this terrible, and very real, threat to our families’ present and future well-being what can a person do? Find a source of new, and adequate, income, of course.
How do you do that, I hear you asking. After doing much research on the subject I have come to the conclusion that one way to help ourselves, and help others, is through a way often overlooked or ignored. That way is Network Marketing!
Before you put that down as a tired old scheme, you should be open-minded enough to give it some thought. Read “RichDad’s The Business School” by Robert T. Kiyosaki and “The New Pro- fessionals” by Dr. Charles W. King, Professor of Marketing at the University of Chicago. (read these at your library or buy them from Amazon.com).
This business, once called MLM, or MultiLevelMarketing, has reached a new plateau of respectability and profitability. Previously the way the business worked was going to meetings, bothering your friends and neighbors and making endless phone calls. Now the WorldWideWeb has, in great part, simplified things.
There are millions of people on the Internet and many of them are looking for an opportunity to improve their financial situation. It is therefore easier through today’s technology, and at almost no cost, to contact these people.
The proliferation of the Internet has given us an opportunity to be part of a business that is the wave of the New Economy. It is a home-based opportunity with:
* No franchise to buy! * No commute! * No employees! * No punching the clock!
There is no business that I know of that can be started with so little capital, so little previous training, and so little concern with gender, education and race. And this is a business in which there are almost no limits to your earnings. This can mean the ability to retire quickly and earn residual income thereafter.
If you have a need for financial freedom and would like to help others make money, live life on their own terms and want to join the ranks of the New Professionals, investigate Network Marketing. You just might find your new lifestyle!
Copyright 2005
Dr. Vernon Brabham is an older American Entrepreneur with an interest in making money. You should go to his website, http://www.BigMoney.MyMagicWand.com or email him at vbrabham@tds.net for Free Report, "How a Grandmother of 10 Found Financial Freedom"
Vernon Brabham is a semi-retired Optometrist who is building a Network Marketing business by helping others.
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