The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: I want to retire early!||Date: 9/5/1998 1:15 PM|
|Author: DeanPhillips||Number: 5345 of 75802|
An earlier reply wrote:
<<the only people that I know who have done this in the last few years have started Amway Distributorships which have created large residual incomes for themselves. It's obviously a good, reputable business, but it's tough to get over the cynicism that people have about Amway.>>
Not to mention the scads of people whose garages are filled with Amway products that they can't sell, having lost all their [former] friends, relatives, and casual aquaintances.
<< Does ANYONE know any other way to create a large residual income to produce an early retirement?? >>
When I spent 22 years working for the government and ten in corporate America, I thought I was getting set for retirement. Had a nice home, some investments in 401k and self-directed IRA. After a few corporate downsizings due to corporate bankruptcy, a corporate buyout, and a division divestiture, I realized that control was not in my hands. I did not start an Amway distributorship. But I did start with another network marketing company and am growing a very large organization through a few committed people like me.
There are lots of people who are not "The millionaire next door" who are being successful in networking. Some of us are just carving a very nice extra income that we can use Foolishly. And you don't have to have garages full of product with today's fast distribution systems. I am affiliated with Enviro-Tech Int'l (NASDAQ BB: ETIC) and would welcome your inquiry. There are lots of companies like this one with great products and great people who might be just the ticket for an ambitious entrepreneur with a few years to devote to building a business. The tax breaks might be just the thing a retiree needs!
I gave this message lots of consideration before posting, because I know there are lots of misunderstandings about this business. Believe me, I had most of them before involving myself 16 months ago!
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|