If you are an entrepreneur, or considering becoming one in wellness, there has never been a better time in history to own your own business. The 1990s were the beginning of a period that will be known one day as The Democratization of Wealth, not just in the United States, but in every nation from China to Europe. In 1991, the amazing U.S. economy had spawned 3.6 million U.S. households that had a net worth of $1 million or more. Then, in just the next 10 years, the number of millionaire households doubled to 7.2 million. It took the U.S. economy 215 years to create the first 3.6 million millionaire households, and then just 10 years to create 3.6 million more. From 1991 to 2001 U.S. household wealth tripled—from $13 trillion to $40 trillion—and a similar expansion occurred in every developed nation. There have always been periods of economic growth and wealth accumulation, but in the past this often meant that the rich got richer and the ordinary person didnt stand a chance. Because of the fundamental changes in the world economy, in technology, and in new legislation favoring the individual over the organization, we are just beginning a period of democratization of wealth. Today, more than 10 million U.S. households have a net worth of $1 million or more. By 2016, there will be 20 million U.S. millionaire households. Each household represents approximately 2.5 people, meaning that 50 million Americans will soon live in a household with a net worth of $1 million or more. The Next Millionaires are the Wellness Entrepreneurs! youtube/watch?v=im2WksQh67g
Posted on: Fri, 05 Sep 2014 06:42:03 +0000
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