Pre-Paid Legal Associates Value the Recurring Income Stream
ADA, Okla., Dec 17 /PRNewswire-FirstCall/ — Income that accrues after the initial work is completed is described as residual, recurring or passive income. Some call it the commission that keeps on giving. For some, Pre-Paid Legal Services, Inc. (NYSE: PPD) associates, it might be described as “life saving” or “life savings” income. Pre-Paid Legal associates Albert Lewis, Inger Lemke, Richard DeVasto and Astrid Hricak each offer stories of how such residual income has provided ongoing benefits to them.
Albert Lewis (Chicago, Illinois)
On October 2, 2009, Mr. Lewis suffered a stroke and was hospitalized for 30 days. One thing the former truck driver turned Pre-Paid Legal associate did not have to worry about during his recuperation was income for his family. During his hospital stay, Mr. Lewis received a monthly residual check that amounted to approximately 15 percent of the annual income he once received as a truck driver.
Mr. Lewis recently sent an email to Pre-Paid Legal Founder and CEO Harland C. Stonecipher in which he described himself as being “living proof” that the Pre-Paid Legal’s residual income plan works. A Pre-Paid Legal associate since December of 2001, Mr. Lewis said he has no intention of giving up as a result of his medical condition. In fact, he has already returned to active involvement in Pre-Paid Legal activities, including leading a group training program in early December.
Inger Lemke (Bigfork, Montana)
Inger Lemke said her residual income from Pre-Paid Legal provides a great feeling of security. Ms. Lemke, a former high school German teacher, now accrues benefits from the business that she and her husband Larry built over a decade beginning in 1997. Mr. Lemke had actually joined the company in 1987, worked hard for a period months with the team he assembled, but then moved on to other ventures. Over the next 10 years, he continued to receive residual checks and that helped determine his return to the company and the Lemkes’ active involvement in the business.
After several years of hard work building a “book of business,” Larry Lemke became seriously ill in 2000 and died in 2006. “Although we pulled back from the business during that period, our business kept growing and our residual income increased,” Ms. Lemke said. “That was a blessing for us in those final years and it continues to this day,” she said.
Richard DeVasto (Winter Park, Florida)
After a 23 year career in the Marine Corps, followed by seven years as a U.S. Federal Marshall, Richard DeVasto signed on as a Pre-Paid associate in 1983. Like other successful associates he worked hard at building his business and after a few years he realized that more than 90 percent of his earnings were the result of residual income.
“The residual income has allowed me to pay off the mortgage on my home in Florida and to maintain a quality lifestyle even during the period when I faced some serious health problems,” Mr. DeVasto said. “Pre-Paid Legal is a career, not a job. Persistence and hard work will lead to a steady stream of residual income,” he said.
Astrid Hricak(Rockville, Maryland)
Astrid Hricak said her husband Richard was a natural network marketer. He worked with a number of networks before he found Pre-Paid Legal and became an associate in August 1994. Like other successful associates, Mr. Hricak worked hard building his business and his team, but in March of 1996 he suffered a heart attack. Within a few months he was also diagnosed with colon cancer and then he suffered a massive stroke which left him unable to speak for a period of time. Although Mr. Hricak remained as active as possible in the business until his death in April 2007, it was his initial efforts in 1995 and 1996 that resulted in the residual income that Ms. Hricak benefits from today. “Residual income allowed us to focus on Richard’s health during the last 10 years of his life,” Ms. Hricak said. “My story — our story — could be anyone’s,” she said.
Uncategorized | admin December 26, 2009 | 
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