Here are a few startling statistics that have recently been reported in the news media. After perusing them, you are no doubt going to feel that the future is very grim indeed. Please keep on reading, because there is going to be some encouraging news later on in this article.
* Total consumer debt is growing 23 times faster than the entire U.S. economy;
* The savings rate in the U.S. has dipped into the negative...something that hasn't happened since the great depression in 1932;
* The U.S. dollar has lost half of its value in the past 10 years;
* The unemployment rate has taken the biggest jump since 1986;
* USA Today recently reported that the greatest fear in America today is running out of money before retirement.
We probably all know of someone who is in the process of losing their home. It's heartbreaking and no one knows what to say to them.
For as long as I can recall, we have always been a three tier society here in North America. These were the rich, the middle class and the poor. It might surprise you to learn that the experts like Donald Trump and Robert Kiyosaki are saying that we are headed towards a two tier society. Can you guess which one is going to be eliminated? It's the tier that probably you feel you are a part of right now. Yes, the prediction is that the middle class is on its way out. We will be left with the rich and the poor. Which side of the fence do you think you are going to be on?
I agree, this doesn't look too encouraging...but now for the good news!
These same experts are also predicting that the household wealth in North America is going to double, exceeding $100 Trillion....and this is going to happen in the next ten years. During this period there are going to be more millionaires created than at any other time in history. Paul Zane Pilzer, who was economic advisor to two U.S. Presidents, is quoted as saying "We're witnessing nothing less than a millionaire population explosion in the 21st century...."
No doubt you would like to be one of those newly created millionaires and be part of that rich tier. I can assure you of one thing....it's definitely not going to happen by osmosis. It is going to take some action on your part.
Let's get back to the experts and their advice. They suggest that if you want to be a millionaire during these times, you should start a home-based business. The start-up costs are usually quite reasonable and you will immediately have great tax benefits for being self employed. I highly recommend that you do your research to find a company that is a good fit for you. There are literally thousands to choose from. I have found the one that works for me and I intend to be on the 'rich' side of the fence. Why don't you join me there!
* Total consumer debt is growing 23 times faster than the entire U.S. economy;
* The savings rate in the U.S. has dipped into the negative...something that hasn't happened since the great depression in 1932;
* The U.S. dollar has lost half of its value in the past 10 years;
* The unemployment rate has taken the biggest jump since 1986;
* USA Today recently reported that the greatest fear in America today is running out of money before retirement.
We probably all know of someone who is in the process of losing their home. It's heartbreaking and no one knows what to say to them.
For as long as I can recall, we have always been a three tier society here in North America. These were the rich, the middle class and the poor. It might surprise you to learn that the experts like Donald Trump and Robert Kiyosaki are saying that we are headed towards a two tier society. Can you guess which one is going to be eliminated? It's the tier that probably you feel you are a part of right now. Yes, the prediction is that the middle class is on its way out. We will be left with the rich and the poor. Which side of the fence do you think you are going to be on?
I agree, this doesn't look too encouraging...but now for the good news!
These same experts are also predicting that the household wealth in North America is going to double, exceeding $100 Trillion....and this is going to happen in the next ten years. During this period there are going to be more millionaires created than at any other time in history. Paul Zane Pilzer, who was economic advisor to two U.S. Presidents, is quoted as saying "We're witnessing nothing less than a millionaire population explosion in the 21st century...."
No doubt you would like to be one of those newly created millionaires and be part of that rich tier. I can assure you of one thing....it's definitely not going to happen by osmosis. It is going to take some action on your part.
Let's get back to the experts and their advice. They suggest that if you want to be a millionaire during these times, you should start a home-based business. The start-up costs are usually quite reasonable and you will immediately have great tax benefits for being self employed. I highly recommend that you do your research to find a company that is a good fit for you. There are literally thousands to choose from. I have found the one that works for me and I intend to be on the 'rich' side of the fence. Why don't you join me there!
About the Author:
Jan Shimano was District Manager for Health & Welfare Canada for a number of years. She was also self-employed as a Nutritional Consultant. She is currently a Business and Health Coach and operates her own internet marketing company from her home on Vancouver Island. You can get to know more about Jan by visiting her youtube channel at http://www.youtube.com/1jinny
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