THE |
PARABLE
OF THE
PIPELINE
POT e Wa they
Ongoing Residual Income In The New Economy
BURKE
a
AUTO OF UATE JORA SLUEH "DENNER COYou Can Become the
Millionaire Next Door!
Dear Reader:
One hundred years ago, it was virtually im-
possible for the average person to become a
millionaire. Take a look at these lifestyle sta-
tistics at the turn of the 20th century:
In 1900, the average wage in this country was
22¢ an hour. The average worker earned be-
tween $200 and $400 a year, well below the pov-
erty line at the time. Only 6% of all Americans
had graduated from high school. Life expect-
ancy was 47 years old. Only 14% of the homes
had a bathtub. There were 8,000 cars in the
United States and only 144 miles of paved roads.
Until WWI, the average American family spent
80% of their income on the basic necessities of
food, shelter, and clothing.
Ina word, 100 years ago, there were basically
two economic classes: The rich. And the rest.
Only one in 10 families was upper class or
middle class. Which means that in 1900, 90%
of the people in the U.S. would have been clas-
sified as poor.THE PARABLE OF THE PIPELINE
Middle Class Still Living Paycheck
to Paycheck
Flash forward 100 years to 2001.
The median family income today is $47,000,
There are more cars in this country than People.
Most families own at least two TVs. Life ex-
pectancy is 75. Today, average people have more
disposable income... more leisure time... and
more career options than ever before.
Yet most of the nation’s 72 million families
are still living from paycheck to paycheck, Take
away equity in the family home, cars, and fur-
niture, and the average family has zero assets,
ZERO! While family income is up, so is family
debt and hours spent working.
What's wrong with this picture?
Are You Plugged into the Wrong System?
What’s wrong is that too many people have
bought into the wrong plan. They’re plugged
into the wrong system, And they lack a funda-
mental understanding of how wealth is created
and accumulated.
I’m going to made a bold statement that may
shock you. But it is absolutely, unequivocally
true. Ready?
The simple, unvarnished truth is that today,
becoming a millionaire is a matter of choice, not
chance!
That’s right — today, virtually anyone earn-
ing a middle class income can become a mil-
lionaire. Impossible? Not at all. Actually, it's
rg ae:
-