You are here
Learning About Residual Income
I worked numerous small jobs at this time, and also started a small business that suited my back-to-the-land crafty nature. I was handspinning wool and knitting sweaters, hats and the like. Like meets like, and I started meeting lots of friends who were doing the same. Now, you who are more sophisticated than we were will have a laugh, but this really wasn't a very lucrative venture. Reality came to me full force one day when I realized I would have to sell the sweater I just made for over a thousand dollars to make minimum wage. You could actually go right up to Walmart and buy a sweater in your right size for twelve bucks. It slowly dawned on me that the only way I could make any money was to do something that was reproducible.
That was the beginning of SpinCraft Patterns. Instead of trying to sell the sweaters I was making, I wrote up the instructions for how to make them, and sold the instructions. This idea fit right into the cash flow model. Every time I wrote a pattern it added an asset to my income line. An asset that would continue as long as reproduction was possible. I had discovered residual income. You can still buy my patterns from me at SpincraftPatterns.com.
Residual income now became the thing that interested me the most. I had created a little bit of it. How could I create enough to actually support me!
Along came Tupperware. Now, I will admit that I had just come out of the hospital from a minor operation, and had taken the full dose of whatever was in those round brown prescription bottles, on the day I was dragged to a Tupperware party. I was way too happy at the point where the Tupperware lady asked who wanted to sign up to the team... and it was actually my friend Julie who volunteered me! My big silly smile meant "Yes" to the Tupperware lady, and I ended up with a new sales kit, and traveling to trainings. It was the best thing I ever did in my life.
Tupperware was my best financial education. What I learned in my sales meetings was how positivity could actually make you money, and how anyone, I mean ANYONE!, can better themselves quickly by stepping out of their "No's". I said yes to the opportunity (though on drugs I admit...), and from that day on reached the mental freedom of knowing I could always get a "job" no matter where I was, no matter what was going on. You can still buy Tupperware from me at http://my.tupperware.com/salmon.