I guess it depends on where you are financially.Some might say being rich is when you can go out to eat. Others might say it’s when it’s a certain amount in the back ($1 million).Then there are the select few like myself that believe being rich really isn’t a hard amount but being able to generate income monthly to cover all expenses.

This means your monthly income has a major role to play in this. Some might only need $2k/month where others would need $4k/month. It sure would be nice to have that new car you were eyeing or pay off your home loan.

So if you have a monthly need of $4k/month and you had $500,000 saved up, how long would it take to run out of money if the money is getting 0% return?My calculation shows your savings will be fully used up in just ten and a half years.

If you were to calculate what you would need to live, take care of your kids wedding/college/living, and emergency money then it’s going to be more than $4k/month for most people. Even if you were to put the $500,000 in a 3% interest bearing account that really won’t help you.

If you need this kind of income, you’d need income flowing in even when you’re not doing regular work. By this, I don’t mean the yearly vacation time you get. Being rich means being able to manage without having to use up your savings when you take 6 months off from your work. This is possible IF you had a healthy MLM Downline pulling you some serious residual income.

The monthly amount could also vary from region as in Texas you can get a very nice house for $200k where in the West/East coast homes would easily be 2x that. So obviously you can’t live on the same monthly passive residual income. The same goes for any MLM Opportunity as all are not created equal so don’t get fixated on the advertised income claims.

Take my case; I’m working with a million dollar project team. After the project goes into production, the estimate profits for the part should be 100x to 200x over the following 10 years. Now if I could only get a residual payment for everytime my design was used… ;( But I don’t own that design and I don’t own the company. There is the difference from working for a company vs owning your own.You may have helped your company produce a great product; but since it’s not your business or your product, you don’t get a share in it. Marketing multilevel companies are tricky if your only targeting friends and family.

Do it correctly and get paid over and over again? Now that is a fantastic idea! Generate some MLM leads and learn how to leverage a team of people to help you reach your goals of being Rich.