The Financial Facts of Life

 

If you have a job or are on a fixed income, these facts should concern you. Nobody believes that they will have to retire on a poverty level income, but most of us do. Ask yourself, if you continue to work at your present job and don't get laid off, in five years will your financial situation be any better than it is now? Will you be able to save enough money to live your dreams while you are still young and healthy?

  1. 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 pension.

  2. 90% of all Americans are living from pay check to pay check.

  3. The average 50 year old person has only $2,300 in savings (about a one day stay in a hospital).

  4. 80% of the personal bankruptcies in the U.S. could have been avoided if household income could have been increased by just $280 per month.

  5. 93% of the men at age 65 who have failed financially said it was because of a lack of a definite plan.

  6. 80% of all people making over $50,000 per year own their own business.

  7. Tax laws are designed to provide benefits to business owners, not employees.

  8. Over 80% of America's work force beyond the age of 35 realize that their present job will not lead them to financial independence.

  9. Over 3.8 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.

  10. People want 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, etc.

  11. Network marketing is a $15 billion dollar a year industry. It is a global phenomenon.

  12. Many Fortune 500 companies now offer products through network marketing because it is considered "the wave of the future".

  13. Billionaire John Paul Getty said there are three things that are necessary to accumulate financial wealth:

    a. Own your own business
    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."

  14. People want to take control of their financial destinies and are searching for the right vehicle to achieve financial independence.

Don't let yourself become a sad statistic.
Take control of your financial future today!
 


Additional Information That You Will Want To Read
The Financial Facts of Life | Seven Basic Reasons Why People Succeed
Understanding Compensation Plans | Tax Advantages
Network Marketing FAQ
| Network Marketing or Pyramid Scheme

 

 

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