Thank you for visiting Mommy Lynn Blog. My name is Will and I am from Kuala Lumpur, Malaysia.
The above is a picture of me and my wife taken when we visited Hong Kong.
My wife and I have been building our network marketing business using the BE International business opportunity since March 2018.
We did quite well in the business.
Our trip to Hong Kong was fully sponsored by BE International when we qualified for the BE Lifestyle Travel campaign.
BE Lifestyle Travel campaign is a sales campaign held twice a year where the qualifier can get to travel overseas free of charge.
This is one of the many benefits building the BE business.
Apart from the overseas travel, another benefit which I really like from building the BE business is earning passive income.
Have you ever wondered if it’s possible for men over the age of 40 to earn passive income in Malaysia?
If you are over the age of 40, this is the time where you have to start thinking about your retirement.
Though you may be saving for your retirement in your EPF account, that amount may not be enough.
According to a report on Channelnewsasia.com:
“According to EPF data as at May, the median EPF savings was RM47,385 among Chinese members, RM15,985 among Indian members and RM7,078 among Malay members, whose savings fell by the biggest proportion among the three ethnic groups following the pandemic.
“It’s not healthy for a multiracial country,” said Muhammed. “(Old-age poverty) is going to get much worse.
The amount (of social assistance) that the government has to give is going to be much increased.”
As a man in your forties, you may need a faster vehicle other than your job in order to have enough saving for your retirement.
If you are looking for a faster vehicle, you can consider network marketing or MLM business option.
Financial independence
For a man above the age of 40, what are the option available for you to earn passive income?
In Malaysia, many people dream of owning rental properties to collect rent in order to generate residual income.
Have you started investing in rental properties?
If not, probably there is a reason.
It’s very hard to find a rental property in Malaysia which can consistently generate a positive rental income every month.
For those that have bought property for rental purposes, the monthly rental that they collect may not be enough to cover their bank installment and other expenses.
When I was in my late twenties, I read the book Rich Dad Poor Dad by Robert Kiyosaki.
That book introduced me to the concept of achieving Financial Independence when your passive income is more than your expenses.
The fact is, most people that invested in rental property has negative monthly cashflow.
It seems it is quite unlikely for a Malaysian man over the age of 40 to earn enough passive income monthly for him and his wife to retire.
That’s what I thought also and had given up on the dream of Financial Independence.
Earning passive income
Though I had given up hope of earning passive income from rental properties, my wife and I are earning passive income through another option.
It was actually through our direct selling business by partnering with BE International.
Robert Kiyosaki actually wrote about the power of a network marketing business to generate passive income in his book The Business School, For People Who Like Helping People (Rich Dad’s- The Eight Hidden Values of a Network Marketing Business, Other Than Making Money).
If you didn’t know our story, our journey with BE International started when my wife contacted our sponsor on Facebook.
Back in December 2017, my wife was looking for a business opportunity that she can operate from home.
We weren’t thinking of earning passive income then because we just wanted to earn a few hundred Ringgit extra per month.
But as we kept building our BE business, we kept sponsoring more and more people as our customers into our team.
Most of them are just product users and a few became business builders.
After 2 years of building our network marketing business with BE, I noticed that the commission and bonus generated from all the product users in our team was quite substantial.
However, the income is not pure passive income because we still have to provide customer service to them.
It is a semi-passive income!
This was as close to passive income as we could get.
The pure passive income from the BE business are the Car Fund and House Fund.
Nonetheless, we are very grateful for what we’ve achieved so far.
Conclusion
How would your lifestyle be different if you have RM2000.00 passive income coming into your bank account every month?
This is not something unachievable because my wife and I did it.
It wasn’t through investing in properties.
We were able to generate sufficient passive income monthly by building a network marketing business by partnering with BE International.
If you are a man above the age of 40 in Malaysia, the opportunity is still available for you to earn passive income with BE.
Now that you know it is possible, what are you waiting for?
You’ve reached the end of this article.
Before you leave, please take some time to read the disclaimer page on this blog.
The content above are for information and educational purposes only.
If you want to explore the network marketing business by partnering with BE International, click the link below to contact me on WhatsApp and I will assist you.
How can a person start a network marketing business when we have to work full time? Not to mention the amount of time we have to spend commuting to our workplace.
Hi Razif. If you don’t have much time, you need to apply leverage to whatever free time that you have. If you are working full time, you don’t have leverage on your time. The good news is, when you are building a network marketing business, you can apply leverage.