For the masses the lights they see are the train comin at them.
From the April 4th Wall Street Journal;
* The average hourly earnings in March were flat for the fourth time in five months with an annual growth rate of 1%, the lowest in 25 years
* The consumer price index (inflation) jumped 2.1% in February year-over-year
* US household incomes peaked in 1999 and have fallen 5% since according to census data
* As of January 1st 85% of boomers over 55 YO have less than $50,000 saved for retirement
* 25 million Americans have less than $1000. saved for retirement.
Do your math. To retire on $3000. per month at today’s interest rates (the high-end CD rate is 2% according to Bankrate.com) you and I would need to have a whopping $1.75 Million in the bank. So you say; “I already know that”. Great! What are you doing about it ???
The question is; which is going to be more “doable” – saving $2 million doing what you’re doing now? or Getting to work – part time – starting another stream of income by building a business that produces $3000. per month of passive residual-don’t-have-to-get-out-of-bed income? You choose > Examples include > real estate rental income, internet marketing, network marketing, write a book, produce a CD, or other.
Use fear as fuel. Find a coach or mentor, get started and let your Light shine brighter than the train’s.
Live With Intention,
Dr Bill