Passive income ideas

mPowerTec Update

2007-06-30T15:45:00.000-07:00

By now all of the mPowerTec MAP owners should have got the update from mPowerTec regarding the current happenings. mPowerTec CEO together with new partner - Consorteum had an explanation tour to the large Canadian centers and showed the plans and steps they are taking to ensure the company stability and investors revenues.

I have attended the meeting in Montreal
I won't repeat all I heard. MAP owners had an opportunity to join the meeting themselves or to listen to the conference call in case they missed the event.

Main points though are as follows:

- mPowerTec will act as ISO, meaning sales and acquisitions will be made by mPowerTec itself thus eliminating the third party and the unnecessary expences.

- The cost for the new owners will be determined by the account profitability. In most cases the cost will be $2500 instead of $3500 previously.

- The existing MAP owners that paid $3500 will have 2 more years added to their contract (remember, there is $500 per year renewal fee after the 4 years end, so this 2 years extension compensate you for the difference in cost).

- Previously mPowerTec promissed half year extension for the existing MAP owners. All together the contract will be extended to 6 and half years (4 years contract + half year promised before + 2 years cost compensation extension)

- The model is approved by the lawyers as "Creative" Franchise model. Any new purchase of the MAP terminal will be binded by franchising agreement between parties.
I hope you all understand the tax advantages of this compared to the regular investment.

- The residual payments scheduled to be renewed as of mid September. This doesn't mean all MAP owners will get the payment in September. The big accounts such as Coffee Time, Taxi and Dominos Pizza will most probably be active by September. Others might use some patience.

- Merchants contracting with mPowerTec will commit to the minimum volume of transactions thus eliminating the investors risk of underpayment.

My thoughts about all this?

Well, I believe mPowerTec is on the right track. Consorteum is a well known industry leader in Management Consulting with more than 40 years of combined experience. Together with other partners like Hypercom, Paymentech and others they have real strenght in the market.
The model is sound and the team is eager to prove its reliability to the investors.

I have personally spoke to Jennifer Fernandes (mPowerTec CEO) and I believe that mPowerTec is there to stay. I and my company plan to become a sales channel for mPowerTec as soon as the payments are renewed and the compensation model is clear.
But this is a topic for the separate update.

Stay tuned.

Slava.

WebNet update

2007-03-07T17:50:00.000-08:00

Received my first Royalty check for 3 months period.
Not something to be very proud about - only $72 (on $5000 investment).

The company published its' expansion plans for the nearest future. I can't post it here before I get their permission for that. One thing they expect is that all investors will cash out during 2007 and the sky is the limit afterwards.

The sales and marketing are very solid and the contracts are promising.

I know that return does not look staggering meanwhile, but this is the case with almost any star that becomes a comet. It begins modestly and develops into something huge.

If you are interested in this opportunity, contact me at slavas@pocketfullofsecrets.com

mPowerTec update

2007-01-30T11:52:00.000-08:00

mPowerTec have cut the agreement with one of its strategic partners, namely Affinity.

I contacted the mPowerTec to ask why I haven't received my January check and was said that mPoerTec have moved to another vendor. They issued the letter to all investors and promised to set all inactive terminals in 60 days period. Meanwhile NO late setup fee will be paid to owners. As a compensation mPowerTec prolongs the owners agreement by additional 4 months.

I don't know who is the new vendor/partner for mPowerTec and how strong marketing system and proven record it has. That is why my advise for now is wait and see where it goes.

Real Estate

2007-01-04T20:33:00.000-08:00

I have more and more questions sent to my private email regarding Real Estate investing (which drives me to a conclusion that I really need to create an organized website with forum).

Most of the questions are "Why don't you post about RE investing?" and "What would be your recommendation?"

Well, guys and gals, honestly, I am not invested in RE yet and, as promised, I only post about things I personally do.

RE is definitely in my plans for the future. I plan to create a steady monthly passive cash flow before I turn to RE investments. And the reason is that I would prefer to invest in multi-family houses or in the raw land rather than into a single-family dwellings. Multi-family dwellings give you more or less steady cash flow, but require higher downpayment, while land is relatively cheap, but might actually take cash from your pocket for a couple of months.

Although I am not in Real Estate yet, I do have connections with RE companies in Alberta and Ontario. The company in Alberta looks for investors capital from $50000 and up. The company in Ontario is a management company that buys condominium houses and vacation properties in selected areas where the prices are expected to go up. The downpayment there might be as low as $10000.

If you are interested to know more, drop me an email to slavasrfp@yahoo.ca

Slava.

Canadian Financial Security Program

2006-12-16T17:00:00.000-08:00

Hi there!

Wanted to post this quite long ago, but somehow it always slipped off.
Here is the link to a very usefull site with lots of free financial information. There are guides for Tax reduction, Life insurance, Investing, Home base business and more.

True help Financial

This is the excerpt from their mission statement:
"The mission of The Canadian Financial Security Program is to assist Canadians to create, grow, protect, and pass on financial assets or wealth with full knowledge, understanding and comfort, and to educate and thereby empower Canadians to use certain money strategies that will improve and protect their lifestyle now, and for the rest of their lives. "

Enjoy.

Fast Track To Cash Flow

2006-12-03T19:55:00.000-08:00

This post is for my Canadian readers.

On September I was attending a 4 days Business Super Conference in Toronto. The conference was organized by the "Fast Track To Cash Flow" company and hosted around 80 people from around Canada. Business owners, investors and "newbees" like myself were there to hear and learn from the incredible speakers which made it to the financial freedom or are on their path. Topics like Business systems building and expansion, investments, behavioral and psychological aspects of the business, organization, marketing, sales, real estate and others were discussed in this very saturated event.

In case you have never heard of the Fast Track to Cash Flow phenomenon, it is Canada's fastest growing source for financial empowerment events, tools and resources.

I have found the Fast Track To Cash Flow somewhere around June or July. I used the free staff they supplied on their web site and later decided to join the Inner Circle program. As a member what I get is a monthly Action-letter packed with information about Personal Motivation, Sales, Marketing, Real Estate Investing, Stock Market Investing, economical situation analysis, Expert Business Advice and so much more. I also get a monthly CD success Interviews, at least 30% discount to future paid events, special pricing on all Fast Track products and other things you will value becoming the Fast Track Inner Circle (FTIC) member.

And now I want to give you something I have found very valuable in my own journey to get out of the "Rat Race" and onto the Financial "Fast Track".
It's a...
Fast Track Gift Certificate.

This certificate entitles you to a Complimentary 2 months "Test Drive" subscription to the same Fast Track Inner Circle Membership Program that I am a member of (a 79.90 value).

To take advantage of my gift to you, simply visit: www.CanadianFastTrack.com and use the reference number 833 on the registration form.

I wish you all to fire your boss next year.
Slava.

AGLOCO - Own the Internet

2006-12-02T21:18:00.000-08:00

I recently joined AGLOCO because of a friend recommended it to me. I am now promoting it to you because I like the idea and I want you to share in what I think will be an exciting new Internet concept.

AGLOCO’s story is simple:

Do you realize how valuable you are? Advertisers, search providers and online retailers are paying billions to reach you while you surf. How much of that money are you making? NONE!

AGLOCO thinks you deserve a piece of the action.

AGLOCO collects money from those companies on behalf of its members. (For example, Google currently pays AOL 10 cents for every Google search by an AOL user. And Google still has enough profit to pay $1.6 billion dollars for YouTube, an 18-month old site full of content that YouTube’s users did not get paid for!

AGLOCO will work to get its Members their share of this and more.

AGLOCO is building a new form of online community that they call an Economic Network. They are not only paying Members their fair share, but they’re building a community that will generate the kind of fortune that YouTube. But instead of that wealth making only a few people rich, the entire community will get its share.

What's the catch? No catch - no spyware, no pop-ups and no spam - membership and software are free and AGLOCO is 100% member owned. Privacy is a core value and AGLOCO never sells or rents member information.

So do both of us a favor: Sign up for AGLOCO right now! If you use this link to sign up, I automatically get credit for referring you and helping to build AGLOCO. www.agloco.com/r/BBBF0730

Yours in Passive Income Quest.
Slava.

Conquer Your Niche Forum

2006-11-29T18:39:00.000-08:00

I have found a VERY COOL Forum. It's called the "Conquer Your Niche" forum and from what I know and what I see it will be the most popular online forum about internet marketing.

Getting involved in forums is one of the best ways to network while online.
This forum will benefit you in 2 ways:
- You'll get to display an ad on the forum. And it will give you advertisement credits every time you post, reply, or even READ a post.
- Plus you'll get to interact with the top marketers in the business, ask and learn from experienced ones.

Check it out here:
Conquer Your Niche Forum

Signing up is free...and your ad will start displaying ASAP
BUT
Only if you do 2 things:
#1 - Join right now. (Really... ASAP)
#2 - Tell everyone you know. (ASAP)

You can thank me later :)

Financial Education Literature - Rich Dad series

2006-11-26T16:15:00.000-08:00

My journey to the world of passive income concept started with the Robert Kiyosaki's "Rich Dad, Poor Dad". I have read a couple of books by Kiyosaki since then and must say it was best motivational and enriching literature I ever put my hand on.

Sure enough, you are not getting rich from reading books, but the correct books put your mind in a correct mindset. "Rich Dad" didn't say anything I didn't know, but it systematized my knowledge and emphasized the things that should be important and were never thought by me as important or even possible.

After reading the Rich Dad series I started looking for the likeminded people in Canada. That was the beginning. This blog came up as one of the products of my searches for passive income and for cashflow opportunities as those opportunities started to show.

If you are interested in Rich Dad literature it is on sale now on Amazon.
You are not getting rich from reading books. Read and TAKE ACTION.

Links for Canadians:
Rich Dad on Amazon.ca
Give this as a gift to the people you care about

Links for US and other communities:
Rich Dad on Amazon.com
Give this as a gift to the people you care about

mPowerTec update

2006-11-23T19:31:00.000-08:00

Good news!
I've got a third check for 132 CAD along with the letter saying that I will be paid the late setup fee till the end of this year. So, my contract didn't start yet and I already have made some money out of it.

The company works hard to set contract with some huge merchant account to install the terminals in his locations.

So, hopefully, on January we will know how much the active terminal pays.

For those who missed the introduction to mPowerTec, please see here:
mPowerTec first post

WebNet

2006-10-28T13:35:00.000-07:00

WebNet is a new communications company starting to acquire the Canadian market.
They base their product on new technology allowing their customers to have much faster internet speed while paying much less for the service.

According to a due diligence made by one of my acquaintances, this company is one of the best investment opportunities in the long run. The company doesn't have any debt. It is not traded on the stock exchange yet which makes it perfect opportunity to buy now and wait until it is going public.

There are 2 possible investments with this company:
1. Stocks
2. Co-location ownership (own part of the antenna)

Both investments pay dividends. First dividend expected to be paid on July 2007 for 3 preceding months (April-March-June) . Too long to wait, that is why I posted it already in case someone would be interested to give it a try.

If you need more information, please contact Monica at 403-290-0930. Please tell her that Slava referred you.

2006-10-22T18:51:00.000-07:00

mPowerTec

2006-10-22T17:22:00.000-07:00

mPowerTec gives you the opportunity to earn passive income from transactions fees when people swipe their Credit/Debit/Affiliated cards at the cashier terminal at the store. You buy the teminal, mPowerTec performs the market research about the location, installs the terminal and maintains it. You get the money every month since then.

The company is active in Canada, but the opportunity is open for the international investors as well.

I have started to get my money back from mPowerTec. It's been already second month. Meanwhile they pay me the late setup fee, because my terminal is not fully active.

Investment: 3500 CAD per terminal + tax. The more you buy the less you pay.
Contract terms: 48 months.
First two months return: 132 CAD/month and the contract haven't started yet.

If you need more info, please contact me at slavasrfp@yahoo.ca. Please put "mPowerTec additional info required" in the subject line.

If you make your own research and decide to join without contacting me, please use "Polina Shmoilov" as your referral. I will be rewarded for referring people.