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I have been giving this Plan B thing some thought and have been wondering how effective it actually is. What we mostly regard as Plan B is an investment with passive involvement thus the term; “passive income” but can anything tangible actually evolve from a passive involvement? Yeah, if you are interested in having series of passive income from various sources and this can be quite complex except you are born a “wild oat” but we all (a majority of us) want to live a simple life and contribute the best we can to the world and generation to come.

Plan B is not actually a passive income stream but is popularly defined as a reserved, secondary plan, in case a first plan fails (e.g. Wikipedia). This is where I have a problem with the whole “Plan B” thingy; the concept of failure! Let’s highlight the reasons why a “Plan A” can fail:

1. Circumstances beyond control: For some reason, the line of business you are involved in gets hampered by government policy, undue competition or natural disaster. If you are an executive, the company may be insolvent and the axe falls on you or your boss is just not into you and wants you out.
2. Risk: This term is evaluated based on circumstances and position. You realize the business you are in is quite risky and cannot sustain you for a period of time; it could also mean the only reason you are in is because of the money and that is not aligned with your value.
3. Fear: You give-up every time you encounter a challenge and the fear that you may not succeed is the reason for the failure.

This is not an exhaustive list but the fact is if you fail at Plan A, you are more likely to fail at Plan B. Then why do you need a Plan B? First, you do not need a Plan B as a fall back (this is not a good attitude to take) but you need a Plan B to boost your income stream albeit with an active involvement. A Plan B is not meaningful if you are not actively involved but the key word should be that “time and money invested should not be directly proportional with the income stream”; it should be inversely proportional with a focused, constant and concentrated effort.

Let me give you a typical example, I have a friend that is actively involved in importation of goods but works in a bank full time. You have to be actively involved to be in importation or you are as good as flushing your money down the drains but importation does not require much time and the money you invest in it could be inversely proportional to the returns. The same applies to a real estate agent that trades in commodities. Trading in commodity derivatives requires a 30-60 minutes a day trade and the money is inversely proportional to the ROI. Imagine, investing $2000 to make $50, 000.

Despite the fact that Plan B does not take your time and does not involve a lot of capital stream, you need to undergo training for it. The training is very important; if you take your time and adhere to the training, you are sure of an effective Plan B. There is another thing about an effective Plan B that should be considered; after undergoing the training and putting the effort, is the result going to be worth it? This is a very important question that most people do not take time to evaluate.

Every time, I think of my undergraduate days, I realize what I went through to achieve economic independence from my parents: Spending 5 years for a 4-year course because of incessant lecturer strike, attending lectures, reading till day break to pass some of the exams, etc. I realized that my first year offer at a job was bigger than all the investment in my 18-years education. This is what I mean by training and effort; I knew that going to school would give me financial emancipation and would make life easy for my children not to talk of my children’s children.

The same thing applies to Plan B though for most Plan B, you do not need to spend 18 years like you did for the formal education. A day to 4 days training with 30 days application can give you an effective Plan B for life. This is why I am yet to reply those who applied for the VOLTRON seminar because I wanted them to know that this Plan B may take some effort from them and they would need to make an investment of fifty thousand naira (N50, 000) for the training at Sheraton Hotel on the 24^th of October, 2009. This is the only investment you would need to make to set you up for a minimum of 5 million naira in 12 months.

Despite the fact that I have more than 30 people who have shown interests in the Seminar, I am actually looking for only 5 people who I can work with and show them as proof that the system works. I really don’t want to talk much on this but to reiterate the fact that every Plan whether A, B, or C requires some form of efforts and training. This is different from passive income which requires passive effort. If you are ready to boost your income with an effective Plan B that can set you up for life and make a difference in your life and your family, please click HERE. Always remember that if you work smart, you can then play hard………