Sadly, the statistics remain the same after some 40 plus years. In one of Earl Nightingale's video recordings he discusses why some people achieve financial wealth while others just trod along. In his telling of the story he mentions how 95% of the population will retire poor and broke? That video was done I don't know how many decades ago! And alarmingly, the statistics remain the same? Why?
Before going into this any further here are the stats of 100 typical Americans at age 65.
1% Retire wealthy
4% Retire financially independent
5% Still working
36% Dead
54% Broke & dependent on others
How does this happen? What did the 5% know or do that the other 95% did not. Unfortunately, this will be repeated until the end of time for a very good reason. The rest of the population is comfortable in what they are doing and do not want to venture outside their comfort zone. Some are not confident enough to pursue change. Some people do not know about other options available to them. Some just don't care. Some people have preconceived ideas and notions about how to achieve wealth, and think they cannot.
The reasons are so many that it would be nearly impossible for me to list them all. But some are evident and can be addressed. We'll take a look at them now.
Network marketing opportunities are generally viewed as pyramid schemes. The news media, friends, and family have conditioned most of their circle of friends and family to believe this based on their own ignorance and lack of knowledge on the subject matter. This indoctrinates people into a false belief that all network marketing businesses are some kind of pyramid scheme or are illegal. Unfortunately this couldn't be further from the truth.
Of course, there are some scams and illegal ventures. This is of course carried out by the criminal mind who uses a legitimate business plan to obscure the real intention, which is to deceive and steal. Also, Ponzi schemes are visible in the media. Does Maddoff sound familiar? How about Carlos Pinho? You've heard of one I'm sure but the other you never heard about. Doesn't matter, both ran elaborate Ponzi schemes. Both are in jail where they deserve to be.
Then we have the recent rash of scams carried out by corporate giants like ENRON and Adelphia! This undermines the public's faith in our corporations and the people with whom are entrusted to honestly run these giant companies.
Then we have the massive lay offs in recent years. This also undermines the public's trust and eliminates the long held belief of job security. There is none! People nowadays are just happy to have a job. And their bosses know this which results in a little abuse in the form of asking employees to do more to help out. In essence it boils down to manipulating employees to work more and do more so they don't risk losing their jobs.
But, people just go along with this and pray that they do not lose their jobs. The fear sets in and the thought of not paying the mortgage keeps them in the daily grind.
Even with opportunities being presented to them, and a lifesaver being thrown to them, 95% refuse to accept it! Thus the results from the aforementioned statistics. With so many people unwilling to take control of their financial future, they are leaving themselves vulnerable to very long years of co-dependence and maybe worse. Possibly working until they die! Or searching for a job in a market that is becoming increasingly competitive.
It's one thing to work at a late age because you want to and it's another thing because you'll starve to death if you don't!
Grab on to a lifesaver when someone offers one to you. Your life will get better. Learn about what direct selling is and isn't. Learn about which network marketing opportunities appeal to your passions. Then decide to go into business for yourself and begin the process of becoming part of the 5% of Americans who will retire financially secure.
Before going into this any further here are the stats of 100 typical Americans at age 65.
1% Retire wealthy
4% Retire financially independent
5% Still working
36% Dead
54% Broke & dependent on others
How does this happen? What did the 5% know or do that the other 95% did not. Unfortunately, this will be repeated until the end of time for a very good reason. The rest of the population is comfortable in what they are doing and do not want to venture outside their comfort zone. Some are not confident enough to pursue change. Some people do not know about other options available to them. Some just don't care. Some people have preconceived ideas and notions about how to achieve wealth, and think they cannot.
The reasons are so many that it would be nearly impossible for me to list them all. But some are evident and can be addressed. We'll take a look at them now.
Network marketing opportunities are generally viewed as pyramid schemes. The news media, friends, and family have conditioned most of their circle of friends and family to believe this based on their own ignorance and lack of knowledge on the subject matter. This indoctrinates people into a false belief that all network marketing businesses are some kind of pyramid scheme or are illegal. Unfortunately this couldn't be further from the truth.
Of course, there are some scams and illegal ventures. This is of course carried out by the criminal mind who uses a legitimate business plan to obscure the real intention, which is to deceive and steal. Also, Ponzi schemes are visible in the media. Does Maddoff sound familiar? How about Carlos Pinho? You've heard of one I'm sure but the other you never heard about. Doesn't matter, both ran elaborate Ponzi schemes. Both are in jail where they deserve to be.
Then we have the recent rash of scams carried out by corporate giants like ENRON and Adelphia! This undermines the public's faith in our corporations and the people with whom are entrusted to honestly run these giant companies.
Then we have the massive lay offs in recent years. This also undermines the public's trust and eliminates the long held belief of job security. There is none! People nowadays are just happy to have a job. And their bosses know this which results in a little abuse in the form of asking employees to do more to help out. In essence it boils down to manipulating employees to work more and do more so they don't risk losing their jobs.
But, people just go along with this and pray that they do not lose their jobs. The fear sets in and the thought of not paying the mortgage keeps them in the daily grind.
Even with opportunities being presented to them, and a lifesaver being thrown to them, 95% refuse to accept it! Thus the results from the aforementioned statistics. With so many people unwilling to take control of their financial future, they are leaving themselves vulnerable to very long years of co-dependence and maybe worse. Possibly working until they die! Or searching for a job in a market that is becoming increasingly competitive.
It's one thing to work at a late age because you want to and it's another thing because you'll starve to death if you don't!
Grab on to a lifesaver when someone offers one to you. Your life will get better. Learn about what direct selling is and isn't. Learn about which network marketing opportunities appeal to your passions. Then decide to go into business for yourself and begin the process of becoming part of the 5% of Americans who will retire financially secure.