MLM Residual Income

My good friend and personal mentor Art Jonak gave a training on Tax Freedom Day.

He said that the analysts figured out that this year April 23 was the tax freedom day. That means that, considering all the federal income tax we pay, the income we get up to April 23, the amount, that is, goes to Uncle Sam for taxes. Everything we earn after that is ours.

This, of course, is not addressing state, property, sales, taxes, and all the other hidden taxes we pay.

Art also mentioned that those of us in network marketing have an earlier Tax Freedom Day. That's because we have more legitimate tax deductions.

So, here's to and earlier Tax Freedom Day!

Wishing you success with mlm residual income and Tax Freedom Day,

I have been catching up on my taxes and was thinking that I should have been using more of The Slight Edge techniques all along.

I had 2 years to catch up on before I even got to the 2007 return.

Don't know about you, but tax preparation is something I dread so much each year that I'll even put housecleaning and pulling weeds ahead of it. And I even send them off to my accountant to complete. Of course, that's not the basic reason I didn't do the prior-year taxes, but that's another story.

Anyway, I was thinking that what I should have done, and have started to do, is to do something small each day relative to record-keeping. Whether I record the receipts in a ledger or, now into my "Neat Receipts" scanning device, I just do that every day, or whevever I get a receipt, and then compiling the info is easy.

Well, I did do that for 2007, but evidently missed a few and then couldn't remember what a few were for. Perhaps an easy spreadsheet for those expenses that are online and I don't have physical receipts for unless I print them out, probably a waste of paper and ink. But there is progress.

If you're familiar with The Slight Edge process from the book of the same name by Jeff Olson, you know that you can do small, easy things every day, or not do them, and your progress will go up towards success or down towards failure. I'm working on going up towards success - there is a chart to check off which way you went each day.

Formula for Success

Where am I going with this? Well my good friend and mentor Art Jonak teaches that network marketing is as simple as doing a few simple things every day. He says that the formula for success is "getting a large number of people doing a few simple things over and over for a long period of time".

That makes sense. The key is the KISS system - "keep it simple, sweetheart".

I can address that in another post.

In the meantime, I'll finish my 2007 tax info to send off to my accountant to complete properly. And I'll work on keeping notes every day for expenses. And I'll check off the boxes above the median line on the slight edge chart as many time in a month as possible to keep my progress in the success mode and not failure mode.

Wishing you mlm recurring income success through using "The Slight Edge" philosophy,

Wendy Weber, The Singing Network Marketer
602-404-1626 - Anytime
E-mail Wendy
www.wendywebermentor.com
"Be a Mentor with a Servant's Heart"