 |
 |
Average
wages have stagnated since 1973, something they have not
done since the Civil War. -
New York Times |
|
Average
family incomes are substantially lower today than they
were back in 1989. In the entire post-World War 11 period,
American families have never before gone seven years with
no increase in average incomes. -
Foresight |
|
More
than a million households will file for bankruptcy this
year. -
USA Today |
| "Profits
are better than wages" -
Jim Rohn |
"Job
security
no longer exists -
it's just a myth!" |
|
Job
security today... |
|
500,000
jobs are eliminated annually by technology alone. |
|
Large
corporations laid off more than 400,000 workers in 1995
alone including:
- IBM: 122,000 workers
- AT&T: 83,000 workers
- GM: 74,000 workers
|
|
More
than 3 million jobs have been eliminated each year since
1989, for a loss of 43 million jobs since 1979. - Misha,
et, al, p. 82 |
"In
every business there is room for only one dream... the
owner's"
- Randy Gage |
|
Become
a professional?
(Invest $50,000+ in a college education to secure your
place in the job market) |
 |
|
Does
the cost of college payoff? |
|
A
1998 report by USA Today indicates:
- 51% of executives fear losing their jobs because of
downsizing.
- 24% of executives fear career burnout.
- 10% of executives fear being fired. |
|
Economic
experts state that we will have seven different careers
in our lifetimes, few college grads will ever see a return
on their investment of $50,000+ for four or more years
of college. |
|
Hang
on till retirement?
(Hope for that pension plan or social security to take
over) |
 |
|
Anticipating
those golden years... |
|
According
to the Bureau of Labor Statistics out of 100 people that
start working at age 25, by age 65...
- 1% are wealthy
- 4% have enough money to retire
- 3% are still working (can't afford to quit)
- 63% depend on Social Security, friends or charity
- 29% are dead |
|
95%
of all Americans retire in poverty after working for 45
years! |
|
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If
you retire at age 65 and live to be 85, you'd need $240,000
saved up to be on a fixed income of only $12,000 a year!
Not enough for vacations and golf courses. Will your
current plan give you more than that?
"Fail
to plan and you plan to fail" -
Jim Rohn
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