In fact, that division is getting narrower. Most people believe that the division is between people who earn $150K or less each year and those who earn $250K or more, but that’s not the division that’s widening. There’s actually a very interesting misunderstanding of “the division between rich and poor”. There’s never been a better time to think BIG! There’s never been a better time to be an entrepreneur. Because the truth is that there’s never been a better time to be ambitious. What’s the deal? How did we get here? Well, that’s what we’re going to talk about today. But on the other, you have gated communities, luxury yachts and exotic sports cars. On one side, all you have is long lines, abandoned factories and foreclosed homes. We’re talking about a Grand Canyon-scale continental divide, only there aren’t any tourists taking pictures. We’re not talking about a small division here. So what we have is this strange dichotomy where most of the population is really struggling to make ends meet white at the same time there’s also this OTHER group that’s doing really well and planning their prosperous futures. And if you’re like me, that’s one bandwagon you’d happily jump into! It’s true Ladies and Gentlemen, it’s a worldwide trend: new wealth is here. Lord knows, it’s happening in Russia, where they don’t even remember that crazy concept called “communism” anymore, unless you’re part of the millions who are still living on subsistence wages. It’s happening in places like India and China. It’s happening in the UK and all across Europe as well. So a full 90% of today’s millionaires made their wealth themselves in some sort of business venture, high-paid career or successful investment strategy.Īnd it’s not just happening in America either. In America, 93% of millionaires are first generation millionaires, and only 3% of them are professional athletes or the luckiest of celebrities. They made it themselves, during their own lifetimes. That means that ¾ of ALL of today’s millionaires made their wealth in the last 30 years! Now think about THAT. So if the number of millionaires has doubled in the last 15 years and it has that means only 15 years ago, HALF of today’s millionaires hadn’t YET acquired their wealth.Īnd it’s also a fact that the overall number of millionaires in 1997 had doubled since 1982 – 15 years earlier – which means that only half of the HALF had their wealth back in 1982. Can you believe it? The same is true for people worth over 10 million or 100 million. Meanwhile, you may find this interesting: the number of millionaires has actually doubled since 1997. Things aren’t exactly rosy out there, right? It’s a difficult time and the future looks about as secure as Lindsay Lohan driving along the San Andreas fault … while texting on her cell phone … with a cocktail in her hand. That’s like a bug just LOOKING for a windshield! So the Euro’s on the ropes, Japan’s in trouble and the federal deficits are so far off the charts that they have to make new charts. The unemployment rate is still close to 8% nationwide and above 10% in California where I live.Īnd then there’s the whole Greece situation. The economy isn’t exactly BOOMING out there, is it? It’s more like BUSTING and there’s no way around it, short of printing more money at the Fed or racking up the biggest national debt in human history … and even that isn’t working very well! If the economy was a Hollywood movie, it would’ve gone straight to DVD and then to the bargain bin at Blockbuster … if of course, there were still a Blockbuster. But as you unfortunately already know, we’re facing some pretty cold hard facts. So, we’re here today to talk about leadership and doing BIG things, about taking it to the next level.
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