Welcome again to the Building My Passive Income blog! This post will give a brief introduction of me and how I started building my own passive income.
I am a 19-year old sophomore at the University of Michigan in Ann Arbor. I am originally from Muskegon, Michigan. In fall of 2007, after many grueling interviews, I gained admittance to the College Works Painting internship program. The Princeton Review has selected this internship to the top 10 internships in the country for the past decade. I have been marketing, hiring employees, and booking work for a couple months now. I plan on making upwards from $40,000 from this internship this summer. My district manager, or consultant for College Works Painting, recommended I read "Rich Dad Poor Dad" by Robert T. Kiyosaki. I did, and I loved it. Afterwards I rushed to the bookstore and picked up three more books by Robert T. Kiyosaki. In all of his books, he emphasizes the fact that the poor and middle class work for money, and the rich have money work for them. The rich do this by creating a passive income flow that covers their expenses. He suggested starting off building passive income by entering into network marketing.
After thorough research of many network marketing opportunities, I joined Global Domains International Inc., or GDI (for more info on GDI, see the GDI overview post or watch a free 6-minute video by clicking in the upper left corner of the page). I also needed a marketing strategy to build my business, so I researched who was having the most success with the program. David Parnell and his Residual Wealth Factor System had built a passive income stream of almost 20K a month in a little over a year. He obviously knew how to market this business, so I signed up with him. This is how my network marketing journey began.
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1 comment:
Hey Im also 19. Im in the Bizdom program for Detroit Entrepreneurs, and Network Marketing is in my opinion a waste of time. No matter how it looks.
jamesmoore@bizdom.com
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