By age 65 only
2% of the population is financially independent, 23% are
still working, and 75% retire on a near poverty level
income, dependent on relatives, social security or a small
90% of all
Americans are living from pay check to pay check.
The average 50
year old person has only $2,300 in savings (about a one day
stay in a hospital).
80% of the
personal bankruptcies in the U.S. could have been avoided if
household income could have been increased by just $280 per
93% of the men
at age 65 who have failed financially said it was because of
a lack of a definite plan.
80% of all
people making over $50,000 per year own their own business.
Tax laws are
designed to provide benefits to business owners, not
Over 80% of
America's work force beyond the age of 35 realize that their
present job will not lead them to financial independence.
million corporate executives, administrators and managers
lost their jobs in the 1980's. 2,650 people are losing their
jobs each day in the 1990's. There is no longer any security
in working for someone else.
out of the "Rat Race". The franchise industry is
booming even though most who become franchisees have to risk
everything they have including their home equity, savings,
marketing is a $15 billion dollar a year industry. It is a
500 companies now offer products through network marketing
because it is considered "the wave of the future".
John Paul Getty said there are three things that are
necessary to accumulate financial wealth:
a. Own your
b. Offer a product or
service needed by others.
c. Have a system that
allows you to duplicate yourself through others. He said,
"I would rather earn 1% of 100 people's efforts than
100% of my own efforts."
People want to
take control of their financial destinies and are searching
for the right vehicle to achieve financial independence.