Thursday, February 9, 2012

The Secret of True Wealth

Most spend 40 plus years attempting to achieve it and yet only 1% of American accomplishes it.

This secret is so simple that a 5 year can understand it. The secret of true wealth is to make more money than you spend. When you put this extra money to work, it can create an income stream. Grow this income stream until it is large to replace your working wage. This is the secret of true wealth: to have sufficient income each month to accomplish your needs and desires.

Why don't more Americans follow this simple concept to have the secret of true wealth? It is not about the amount of money that you earn. You will receive more than one million dollars in your working life. Here is the math, by receiving $2,000 a month income and working the usual 40 plus years you will earn more than one million dollars. $4,000 a month equals 2 million in gross earnings. Do your own math, how much does your household bring in each month... How many million will your family earn?

And yet fear of not having enough money for retire is widespread among all income levels in America today. The statistics tell most Americans live in money desperation during retirement.

$ 1% is wealthy.

$ 62% have less than $6000 in annual income.

$ 79% have total assets of less than $35,000.

$ 80% have an income of less than $15,000 per year.

$ Only 20% have income of more than $20,000 per year.

If you are working, the numbers aren't great either. Almost half of American households report having difficulty keeping up with their minimum monthly payments. Sixty percent of working Americans are two paychecks away from bankruptcy. Over 1.6 million Americans filed for bankruptcy annually on average for the past three years. Don't blame it on the current poor economy. Back when the stock market was going up, more people declared bankruptcy than graduated from college. In 1999, the stock market rose to new heights, in fact, the NASDAQ rose more than 80%. (From Dr Anney's book - Money from the Inside Out).

What stands in the way of accomplishing the secret to true wealth? Simply speaking, we don't earn enough to satisfy our current desires. We want today, what we can afford tomorrow. Credit and borrowing is a way of life. Most Americans spend 110% of their income. Notice the empty store fronts in local strip mall; each one represents a small business that has closed. Many economists say that 2007 is even worse than 2 years ago.

Let's talk about job security, or market security. Are you and your friends feeling concerned, worried or even panicked about your future economic prospects? For most the answer is yes.

The secret of true wealth is to create a passive residual income stream. Let's break that down, passive means getting paid for efforts in the past, not today. Residual means it keeps on coming even after you leave the work force.

How can most American do this when they are somewhere between knee- deep to neck-deep in debt, and have few years left to build their income stream. MLM's provide the answer for more and more Americans. With the power of duplication you are being paid both today and tomorrow on your entire group's efforts. It becomes possible to earn 1,000 hours a week (Do the math... 100 affiliates working just 10 hours a week equals 1,000 hours).

MLM's have created more millionaires than any other business model in the history of America. But there is a problem... how to become successful in an industry that churns and burns most of the affiliates. The answer is to create a steady stream of interested and qualified prospects to your MLM business opportunity. To do this passively, via the internet is an excellent use of this important business tool.

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