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Nairaland Forum / Nairaland / General / Business / A Long Article By KIM KIYOSAKI For All Women Aspiring To Be Independent. (335 Views)
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A Long Article By KIM KIYOSAKI For All Women Aspiring To Be Independent. by Kostka: 3:50pm On Apr 17, 2018 |
Robert has told you quite a bit about network marketing and the many ways it can create great value for you. I want to tell you about one more: It is a powerful business for women. When you look at the basic statistical profile of the network marketing community, one of the first things you notice is also one of the most remarkable: It is populated by more than four times as many women as men. You heard me right. According to the Direct Selling Association, of the fifteen million people in the United States who are in network marketing, about 88 percent are female. And while they do not provide a breakdown by gender of the more than sixty-two million people in the business worldwide, the proportions on a global scale are probably close to the same as in the States. Why? Historically, one reason is that many households have started their network marketing businesses as part-time ventures, and for families where the man is the primary breadwinner, that has often meant it was the woman who engaged in the part-time, stay-at-home business. A parallel factor is the fact that it is a home-based business, which means that building a network marketing business is uniquely compatible with the demands of raising a family. But I think it goes beyond these practical and historical circumstances. Network marketing is, at its core, a relationship business. As Robert has explained, it’s not a business that revolves around making sales; it is a business that revolves around making connections. It’s about establishing relationships, coaching and training, and teaching and mentoring. The actual day-to-day work of building a network is less like carving out a sales territory than it is like building a community. And the supporting, coaching, nurturing relationship of a network marketing sponsor to her growing network of apprentice networkers is the kind of relationship and interaction in which women excel. Of course, none of this means that men can’t be successful in network marketing, too. There are millions of men who are proving that every day. But the bottom line of the business is simply this: It is a business model where women excel. What Women Need And it’s a good thing, too, because today’s women really need to learn how to build their own wealth. A young journalist approached me a few years ago and said, with obvious passion, “We have to make women aware that they have to take charge of their money. They cannot depend on someone else to do that for them!” As we talked together, I soon learned where her passion was coming from. It turned out her 54-year-old mother had recently moved in with her after going through a divorce that had left her with basically nothing. She was now supporting her mother as well as herself. That was enough of a wake-up call in itself, but what had really shaken her up was when she took a close look at her finances to see what resources she had to support the two of them. She realized that if her steady paycheck were for any reason to stop suddenly, the only thing she had to fall back on was about $7,000 in savings. For a household of two, $7,000 wouldn’t go very far. She and her mom were both a few thin paychecks away from poverty and even homelessness. No wonder she was passionate about the subject of women taking control of their finances! Fortunately for me, I am not in this young woman’s position. Robert and I are financially set for the rest of our lives, regardless of what the economy does. But even though I don’t have that sword hanging over my head, I am just as passionately driven as this young woman was on the subject of women creating their own financial independence. The “how-to’s” of network marketing are no different for women as they are for men. However, the driving reasons why women build their network marketing businesses are often very different from those of their male counterparts. We know that we lead very different lives than our mothers did, but you may be surprised at just how different. Here are six reasons why women need to get into this game called wealth-building. 1) The Statistics The statistics about women and money are startling. The following are U.S. statistics, yet for other countries throughout the world, the statistics are very similar or are trending in the same direction. In the United States: • 47 percent of women over the age of 50 are single; in other words, they are financially responsible for themselves. • Women’s retirement income is less than that of men because as the primary caretaker for the home, a woman is away from the work force an average of 14.7 years, as compared to 1.6 years for men. Add this fact to the lower salaries women still receive, and you have retirement benefits that are only about one-quarter those of men. (National Center for Women and Retirement Research—NCWRR) • Women are expected to live an average of seven to ten years longer than men (Ann Letteeresee, June 12, 2000), which means they must provide for those extra years. However, married women who are baby boomers can expect to outlive their husbands by fifteen to twenty years, on average. • Of the elderly living in poverty, three out of four are women. (Morningstar Fund Investor) • Approximately seven out of ten women will at some time live in poverty. What do these statistics tell us? That more and more women are not educated or prepared to take care of themselves financially, especially as they grow older. We’ve spent our entire lives taking care of our families, but have no ability to care for ourselves in this vital way. 2) Avoiding Dependency You don’t get into a marriage expecting a divorce. You don’t begin a new job expecting to be laid off. But it happens, and today with more and more frequency. Women, if you are depending on a husband, a boss, or anyone else for your financial future, think twice. They may simply not be there. Too often, we may not even realize just how dependent we are until we’re faced with our own personal wake-up call. 3) No Glass Ceiling Along with all the challenges facing the corporate employee in this post-2008 world, women still face one additional, huge obstacle: the infamous “glass ceiling.” Yes, it’s true, even today: Because of our gender, women can move only so far up the corporate ladder. And for women 50 or older, trying to re-enter the world of corporate employment? You don’t even want to know. In the world of network marketing, the very idea of a glass ceiling for women is ludicrous. Your network marketing company doesn’t care if you’re female or male, black or white, a college grad or a high-school dropout. It only cares about how diligently and effectively you build your network—and as I pointed out, there are four times as many women as there are men doing exactly that. The key is your skills, education, and experience. There are no limits and no ceilings, glass or otherwise, for women in the world of network marketing. 4) No Limits on Income Because of the glass ceiling and the still-present wage inequality between men and women in the job market, a woman is often limited in the amount of income she can make. Studies show that women with the same education and experience as their male counterparts earn about seventy-four cents for every dollar their male peers earn. But a network marketing business is fully scalable. Regardless of gender, in network marketing, the size of the income stream you can generate by building your network is without limit. 5) Increased Self-Esteem Personally, I think this is one of the greatest benefits and rewards to a network marketing business—and it is one of the strongest reasons women become involved in the business. It’s not unusual for a woman’s self-esteem to be linked to her ability to provide for herself. Being dependent on anyone for your financial life can lead to a reduced sense of self-worth. You may do things you otherwise would not do if money were no issue. I’ve seen women’s self-esteem soar once they know how to make it on their own financially. And when a woman’s self-esteem rises, the relationships around her tend to improve. Higher self-esteem leads to greater success, which ultimately leads to the greatest gift of all—freedom. 6) Control of Your Time When it comes to devoting energy to building genuine wealth, one major impediment women often have far more than men is the simple matter of time. This is especially true for mothers who spend many hours taking care of children. I hear from many women, “After I come home from work, I have to get dinner ready, help my kids with their homework, and clean up the dishes. By the time everyone’s in bed and I have a free moment to myself, I’m exhausted!” As a network marketer, you are in control of your time. This business is something you can do part time or full time. It is something you can do from your home, on the phone and computer, in the evenings, weekends, anytime, anywhere. It is a business that can travel with you, that you can keep in your pocket, and that you can engage in half-hour increments, if that’s what your schedule and circumstances dictate. Wealth-Building Is a Necessity These six reasons support why women so strongly need to learn how to build their own wealth. The statistics prove how much times have changed for women and point out that our need for real-life financial education is no longer a luxury; it’s a necessity. Depending on someone else for your financial future is like rolling the dice. The reward may be there in the end, but the risk is steep. Glass ceilings and limits to income are what so many women have been fighting against for ages. Both disappear in the world of network marketing. And then two of the greatest gifts of all—a higher sense of self-worth and time to spend exactly as you want—can be yours. However, out of all these reasons I’ve just listed, I have no way of knowing which speaks the most to you. You are not the “average woman”; you are you. And the single most compelling reason for building your network marketing business is one that only you can determine. Create Your Wealth ... and Have Fun Doing It Regardless of what that compelling reason is, you have to remember one more thing when starting a network marketing business, and that is to have fun. Yes, it’s great to think that you can earn an extra $100, $1,000, or even $10,000 a month, and that you can avoid dependency and have control of your time, but if you are not having fun, it can quickly lead to that same rut many find themselves in out in the corporate world. Simply put, you have to be passionate about what you do; the lack of it will reflect in your bank account. What’s the message here? Network Marketing companies offer a low-risk, highly rewarding opportunity for any woman looking to take charge of her financial future. I recommend it for stay-at-home moms looking to join the ranks of new entrepreneurs, working women looking to supplement their paychecks, college students hoping to earn a few extra dollars—any woman who wants to give herself the opportunity to create wealth ... and have fun doing it. Know What’s Important On our very first date, Robert asked me what I wanted to do with my life. I told him I wanted to run my own business someday. He said, “I can help you with that.” Within a month, we had a business going together. But he also started talking to me about larger things, too—about spirituality, and asking me about my life’s purpose. This was in the 1980s, when people were workaholics and proud of it. By the ’90s, people began taking a closer look at their lives and asking some harder questions. But it was really after 9/11 that people started saying, “Whoa, wait a minute. Why am I running around like a hamster on a wheel? What am I doing with my life? Where is it all going?” I hear women all the time say they are too busy to get involved in a part-time home-based business. I tell them, “Here’s the key to making your business successful: You have to look at your life, really look at it, and ask yourself, ‘What is it that is so meaningful to me that I have to have it in my life?’ ” What is important enough to you that you’ll make the time and devote the effort to building a business that generates its own income, and then use that income to build wealth that will take care of you for the rest of your life? Because if you don’t identify what that is, it’s just not going to happen. Freedom is different for everyone; success is different for everyone. It’s personal, and it should be personal. Numbers are abstract; whether it’s five thousand dollars or one million dollars, it doesn’t really mean anything until you give it the meaning it has in your own life. Early in our marriage, Robert and I were both passionately committed to being in business for ourselves, to not having other people tell us what to do, and to being in control of our own financial destinies. That was so important to us that we were willing to put up with just about any hardship to make it happen. And it took years—really, about ten years. At times, the stress of having no income was enormous. We had all sorts of friends who were telling us we were crazy, that we should just go get regular jobs with regular paychecks, but that was what we absolutely did not want to do. Finally we decided we had to do something. Robert began teaching some courses. I went to a friend who had a clothing line and asked her to let me market her clothes. I went to hair salons and set up little mini-boutiques. There was no paycheck in it, no guarantees, only sales commissions—and in truth, I really made very little in commissions. But it got me out there, doing something. I learned that this is the essence of being an entrepreneur: You have to go out there and make things happen. And the only way you are going to do that is if you know what is really, truly important to you, and you realize that the only way you are going to have that is to create it yourself. Thanks for going through this article. Am Stanislaus Okeke. A lover of Robert Kiyosaki's works. If you need the complete book which part you have read above,kindly CONTACT ME using the below "Contact me" form. Am a Network Marketer. Am building wealth with my team. We will appreciate if you join us today so that we network together. 08162199026 .Thanks. |
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