The State Of Your Finances
This post is a continuation of my look at Todd Falcone’s speech at the 2015 ANMP Convention.
How much do you have in retirement savings? According to AARP the average 50 year old has less that $50,000 in retirement savings. What if I told you the real unemployment rate is around 15.8%? According to a Gallup Poll when you take into account those who are grossly underemployed and involuntary part time workers the real rate goes up from the 5.6% reported by the US Department Of Labor. Did your retirement nest egg recently shrink? According to the Federal Reserve between 2007 and 2010 the nest egg of Americans approaching retirement age shrunk by nearly 33%.
Sounds bad. Couldn’t get any worse, right? Wrong.
In 2008 a staggering 35% of college graduates were underemployed. By June of 2013 a whopping 44% of graduates were underemployed. Don’t go thinking you need more education. In 2008 22% of people with PhD’s or professional degrees were underemployed. When you add in people with Master’s degrees the number rises to 59%.
Let’s say that you have a job that is paying you well. One thing to remember is that jobs don’t typically create wealth. They are great to have, but you will likely never get rich working for someone else, even IF you can find a job that pays well. According to statistics, the average U.S Wage in 2013 was $44,888 a year. That’s about $863 a week. (And if you don’t get paid for vacation, it’s even less than that!)
I’ll stop with the numbers for now. If there was ever a time to get into business for yourself, this is it! The opportunities that Network Marketing offers you is life changing. It’s a business where you can work hard and be rewarded for your efforts.
If you were to show these statistics to your prospects, then their opinion of Network Marketing may change, which could make it easier to sign them up to your opportunity, as well as help them realize their financial goals!