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The Next Millionare
By Paul Zane Pilzer
In the United States, household wealth tripled--growing from $13 trillion in 1991 to more than $40 trillion in 2001. Over the same ten years, the number of U.S. millionaire households doubled, jumping from 3.6 million in 1991 to 7.2 million in 2001. U.S. household wealth rose 20 percent to $48 trillion--the number of U.S. millionaires grew from 7.2 million in 2001 to 8.5 million by the end of 2004.
But this is only the beginning. Similar to where we were in 1990, the U.S. and certain parts of the world economy in 2005 are about to experience the greatest economic boom in our history. From 2008-2018, U.S. household wealth will double to $140 trillion, and 10 million new U.S. households will become The Next Millionaires--bringing the total number of U.S. millionaire households to 18.5 million. This has enormous implications for individuals today wanting to join the millionaire population explosion, and for companies and professionals wanting to market to this new elite class of 18.5 million millionaire households, representing about 40 million people in the U.S. alone.
If this seems impossible consider this: I am only predicting a doubling of U.S. household wealth to $100 trillion in the next decade--it tripled in the 1990s; and it takes only $10 trillion to create 10 million new millionaires from scratch.
Perspective on wealth in America, given 100,000,000 Households:
• 7 million have a total net worth of $1 million or more, i.e., 1 in 14
• 3 million have investments of $1 million or more
• 1 million have a total net worth of $5 million or more
• ** Source: Extensive research by Dr. Danko - written in the book The Millionaire Next Door.
*"Who will those new millionaires be? Many of them will be network marketers (home based business)."
"Ten million new millionaires will be created between 2006-2016... especially if you are in direct selling, technology, home-based business, product distribution or an emerging industry." (This exact direct response ad is for a home-based business that have these (4) factors included in one business system).
To get some perspective on where the most accessible fortunes lie in the new economy, let's look back at two historical examples of surprising new industries - the automobile and the personal computer - and then look ahead at two new industries that are just now on the rise: direct selling or direct response marketing and (personal development) wellness.
Right now, network marketing is the only force I see that has the potential to effect the huge change that's so badly needed. And when you go out into the world to help improve people's personal and economic wellness, you are adding value to society and contributing to the betterment of the world.
Now let's go back to that forecast of $100 trillion in household wealth by 2016. (And remember, that's a conservative forecast.) Where will that new $52 trillion come from? Of course, the majority of it will go to make those people who are already wealthy still wealthier. But at least 20 percent of it - $10 trillion or more-will represent new entrepreneurs coming to the table. That $10 trillion represents ten million new millionaires.
We don't just expect to live more years-we expect to live better years. This same shift in expectations is a strong contributing factor in network marketing as well. In the new economy, the sheer quantity of compensation is no longer enough. People today also demand a better quality of compensation. We don't simply want money, we want lifestyle.
Today's workers understand that it doesn't matter how much money you earn if you never get to see your spouse or children, or if you sacrifice your health for your work.
This is a demand that didn't exist in the past. During the Industrial Age, the question "Are you truly happy with your life?" would have been greeted by most as self-indulgent nonsense. "Happy?! What a question! I'm making money."
Today we want more. Our economy and living standards have grown to the point where we not only expect to make a living, but also expect to have the best possible experience living that life. We don't want to have to sacrifice family for work, or vice versa.
Just as baby boomers want to be younger and healthier, they also want to have the economic freedom to enjoy their continuing state of health. We don't just want more dollars; we want better dollars. And there is one emerging form of economic enterprise that perfectly fits this description: network marketing."
Here an excerpt from his best-seller, The New Wellness Revolution. |
