Someone recently commented to me that potentially earning an extra $200 per month by becoming a Watkins Consultant wasn't worth it to them - despite the fact that they were clearly struggling financially. Although I wasn't able to change this person's mind, it did inspire me to write this short article.
Please note that I am not an accountant or financial advisor nor can I guarantee your earnings as a Watkins Consultant (You will be rewarded in direct relation to your efforts) but I believe this information to be reasonably accurate...with that said, let's see if it's worth it to become a Watkins Consultant:
Sarah is 30 years old and becomes a Watkins Consultant
She soon starts to earn an extra $200 per month with her Watkins Business and continues to do so every month thereafter
Sarah invests the entire $200 each month in her RRSP and earns an average of 5%
When Sarah reaches the age of 65, she will have accumulated approximately $227,000
John is 40 years old and earns $500 per month with his Watkins Business
Like Sarah, he also invests all of his $500 each month in his RRSP and earns an average of 5%
When John reaches the age of 65, he will have accumulated approximately $297,000
Just for fun, I asked myself what it would take to become a millionaire with Watkins. Here's what I came up with and I don't think it would be too difficult if a person committed to it...
Mary is 25 years old and earns $300 per month with her Watkins Business
She invests all of her $300 each month in her RRSP. Because she is still young, she decides to get more aggressive with her investments and earns an average of 8%
At age 65, Mary would have approximately $1,000,000 accumulated in her RRSP!
I tried to be realistic in these calculations, perhaps you can earn greater returns by investing in Real Estate, the Stock Market or another Small Business rather than the Mutual Funds used in these examples. And of course, I can't guarantee your Watkins earnings, you may earn less than these examples or substantially more - it depends on how much effort you put into your business. What I do know for sure though is the sooner you get started in your Watkins business, the sooner you can start to save and the greater the benefit of compound interest.
I hope this helps you in some way, if it did, please use my referral link when you become a Watkins Consultant
Independent Watkins Consultant #765655