What's the "40-40-40 plan" you ask? It's the illusion that has been passed down from generation to generation that your life consists of working 40 hours per week for 40 years so that you can retire on roughly 40% of your annual earnings. Does that sound like the ideal life to you? The concept that we must trade for our time for money is proven, but's what more valuable to you? Time or money?
As Tim Ferris writes in his book, The Four Hour Work Week, the "New Rich" greatly value time (and freedom) over money. So how about you? Do you value time over money? If you spend the best years of your life working 40, 50, 60... even 80 hours per week in order to live the life you think you desire will that fulfill you? Meanwhile, you'resacrificing the most precious commodity known to us - time - where missing your child'sfirst steps, little league games, and being physically and emotionally absent from your family. Time is the one thing we can never earn more of and never get back.
There are other options. Network marketing offers an alternative to the 40-40-40 plan, capitalizing on the concept of residual income. The best part is that you can start today, right now, while you're still employed.Millions of people have discovered network marketing with many successful people being able to replace a career that robs them of the lifestyle they're desperately chasing.
"Network marketing is a lifestyle business in which you can work part time outside of your full time occupation, creating a secondary Plan B income. It does not require you to quit your day job, it is best to start part time!
What many don't realize is that most of us engage in network marketing every single day, we are just never paid for it. Network marketing is simply recommending and promoting a product or service you use and enjoy the benefits of, which is something we already do on a daily basis. We are always recommending restaurants, websites, hairdressers, movies and many more without the expectation of compensation. Network marketing companies simply invest their marketing dollars differently, compensate their members for their recommendations and even allow them to build their own distribution team and earn an income off their efforts as well.
Starting your own network marketing business is financially the most cost effective business you can start.”
--Adam Green, Young Living Royal Crown Diamond andauthor of the book,25 to Life
So friends, Are you ready?
What's holding you back?
What will it take to make that first step (not a leap, a step) towards your dream and financial freedom?
http://25tolifebook.com/
FAQs
I'm sure you have heard of it, but you might not know it by this name. You see the 40/40/40 rule of life is what most Americans live by. They work 40 hours a week, working for 40 years of their life, and then retire on 40% of what they made. Most of us have all been taught the same things.
What is the 40-40-40 rule? ›
What's the "40-40-40 plan" you ask? It's the illusion that has been passed down from generation to generation that your life consists of working 40 hours per week for 40 years so that you can retire on roughly 40% of your annual earnings.
What is the 60 20 20 rule? ›
If you have a large amount of debt that you need to pay off, you can modify your percentage-based budget and follow the 60/20/20 rule. Put 60% of your income towards your needs (including debts), 20% towards your wants, and 20% towards your savings.
What is the 40 40 20 rule for money? ›
The 40/40/20 rule comes in during the saving phase of his wealth creation formula. Cardone says that from your gross income, 40% should be set aside for taxes, 40% should be saved, and you should live off of the remaining 20%.
What is the 80 20 rule Navy SEALs? ›
As a Navy SEAL, Rich has a ton of experience training for extreme situations when things might go wrong. He relies on what's known as the 80/20 rule. In any situation, 20% of what goes on is beyond your control. Let that sink in for a minute.
How much money should I have by the time I'm 40? ›
By the time you reach your 40s, you'll want to have around three times your annual salary saved for retirement. By age 50, you'll want to have around six times your salary saved. If you're behind on saving in your 40s and 50s, aim to pay down your debt to free up funds each month.
What is the 40 rule for Navy SEALs? ›
The 40 Percent Rule is a mindset that Navy SEALs use to push through physical and mental pain when they think they have reached their limit. The idea is that when your mind tells you that you are done and can't go any further, you are only at about 40 percent of your actual capacity.
What is the 40 40 20 rule explanation? ›
The rule purports that 40% of direct mail success is attributed to the mailing list, 40% from the offer and the remaining 20% from the format, design and copy of the mail piece. Historically, marketers could only build target audiences using a few data attributes and create a single offer to all of them.
What is 40 doubles 40 home runs 40 stolen bases? ›
It usually refers to a season with 40 home runs and 40 stolen bases in a single season - although occasionally it is meant to refer to 40 home runs and 40 doubles in a season (Willie Stargell got quite a bit of attention for accomplishing that in 1973). The members are: Jose Canseco, 1988, 42 home runs, 40 stolen bases.
When your body says give up, your only 40% done.? ›
You have really only used 40% of your total potential. There is still a hidden reservoir of energy and that energy consist of 60% of what you are actually capable of giving. This may not make a lot of sense at first, but what your body is telling you to do is play it safe.
In an interview with Teena Jain Kaushal of Business Today a 40:40:20 framework is recommended by Rahul Singh, Chief Investment Officer, Equities, Tata Mutual Fund. The strategy comprises of 40 per cent in hybrid funds, 40 per cent in diversified equity funds and the remaining 20 per cent targets specific sectors.
