I’ve been an avid fan of Robert Kiyosaki for many years.  He convinced me through his books “Rich Dad Poor Dad” , “Cash Flow Quadrant”, “Retire Young Retire Rich” , and many more to become a Real Estate investor.

After enjoying many years of success in building residual income through network marketing,  I also  invested in several properties. Robert Kiyosaki simplified the concept of the importance of residual income with his illustration of the importance of constructing a financial pipeline.  Kiyosaki writes a lot about how rich people look for and develop networks — everyone else looks for work.

Are you just looking for work or building a network?  Hey, working in a job is necessary to pay the bills and enjoy a certain amount of security.  You might even enjoy what you do, that’s great!   But creating passive income or residual income — money that comes in month after month, year after year, requires developing a network that provides a steady cash flow of income.

Is Robert Kiyosaki Network Marketing?  We’ll kind of.  Building networks is the key to wealth building. Kiyosaki tells a story about the difference between hauling buckets and building a pipeline.  Can you get the picture?  What’s easier in the long run?  Sure, building a pipeline from the lake to your well may take education, training, time and money.  You might have to suffer some rejection, get verbally beat up and ridiculed because some can’t figure out why it’s taking so long.   You’ve been doing this for how long now, and you’re not making any money yet? Think you have it bad… How do you think Noah must have felt.

A pay check is essentially trading time for money – a common method of “working for money.”  Jim Rohn, said years ago in a seminar I attended said: “Profits are Better than Wages.”   Network developers, adopt a profit mentality in order to succeed and overcome the obstacles.  Profits take longer to enjoy.  Definitely not instant gratification.  So along the pipeline journey, in order to overcome obstacles, we have to create a clear objective and stay focused on the prize.

What is your end result?  What is your vision?   Why are you doing it?  Obviously, we all want build residual income and make a lot of money but your WHY will propel you toward your future.  Create a clear vision for your future as I mentioned in this post; “Get Busy Living or Get Busy Dying.”

Two of my properties last month were trashed by renters and cost me $1000’s of dollars.  What’s my attitude?  We’ll a person trading time for money would be in a crisis!  My vision is long-term. Profits are better than wages.   No landlord enjoys negative tenant relations but I should be thanking them for helping me pay for my investments.  They’re even creating passive income  — at least a little.

This leads to my next question.  Are you a renter or an owner? Making money at home in your business requires that you embrace an ownership posture.  Earning income online through affiliate programs or developing a network marketing business takes time.

Renters can just turn in the keys when the lease is up or just abandon the house and leave you hanging.  Owners take responsibility and clean up the messes. You know — the buck stops here.  Owners take on the risks and ridicule but also enjoy the rewards when creative passive income.  You can’t be passive to create passive residual income — get in the trenches, take ownership and get some life experience.

Owners contribute into the lives of others by helping them achieve their dreams and helping them build residual income and network marketing lifestyles.  In order for you to generate residual income, know there will be challenges but the joy of helping others achieve their dreams far outweighs the obstacles.

You might have to haul buckets from the lake to the well to pay the bills but in the mean time, start working on your pipeline to personal financial freedom.