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From: Tony Deemer |
Before writing my book "Solving The Wealth Puzzle," my life had changed. As a financial advisor for 10 years working with more than 200 clients, one night out of the blue, I asked myself an important question: "Am I giving the right advice to my clients about building wealth"?
I have since found the truth about building wealth, and I can tell you this... the Stock Market isn't going to make you rich. I now tell my clients that stocks alone are not the answer to building wealth and securing their future.
In fact, I'm the only financial advisor in the country who is telling you not to invest in the stock market to make money. Want the proof? Read on...
Using the old fashioned methods to have enough money for retirement is a thing of the past. 401ks, social security, job security doesn't exist, and pension plans are history. What's left? For many of us it may well be bagging groceries at our local grocery store at the age of 75. I cringe to think of it.
We're living longer now than we ever did and we're running out of money in our old age. 20k is now the average annual income in retirement. Can you live on 20k? Did you know that just one bad illness can wipe out your 401k? In fact, illness is the number one cause of bankruptcy today.
Here's
just four reasons why wealth building may not be working for you...
Most American's are poor savers. In fact we're some of the worst in the world! CNN Money reported that a quarter of Americans have no money left once they've paid for their essential living expenses and spent their discretionary dollars. The United States is at the top of a list of 42 countries for "saving futility".
We're used to instant gratification. We have microwave meals, information at our finger tips on the Internet, and up-to-the minute news on the TV. How does this effect our finances? We lack the discipline and patience it takes to build wealth and create a comfortable retirement.
You might still believe that you can win big in stocks, and there are very few financial advisors that are going to tell you otherwise. Have you been listening to them? In fact all of them will tell you to put all of your money in stocks and mutual fundsof course they will recommend this; they are making a commission gambling with your moneymoney you can't afford to lose. How do I know this? Because I used to play that game, but not anymore.
The truth is that to win big in the stock market you have to start with a lot of money. To begin, it will take you an investment of $100,000 to win big, and even then there are no guarantees because you have no control over what the companies you are investing in actually do.
While stock market gurus and pundits may talk a lot about how small investors like you can get rich quick by investing only $50 a month. They say if you invest that small amount, receive a 10% return per year, and keep it in for 52 years--well, then you'll make your first million. That means it will take you an entire lifetime to make one million dollars.
Are you really willing to wait an entire life time? You don't have to, because there are quicker and more reliable ways to make a million dollars. These financial advisors won't tell you that because then you'd be in control and they'd loose their commissions.
It's impossible to predict what the market will do. You can't predict it, and I can't predict it. No one can, not even the experts. There are so many factors involved that forecasting what the stock market will do is impossible. As you know, the market is made up of companies that are run by CEO's and their decisions and actions affect profitability or the lack of it for their companies. Enron, WorldCom, and Hewlett Packard have all been led to disaster by the decisions made by the CEO.
There are many additional reasons why the stock market is unpredictable which you can read about in Secrets of the Wealth Puzzle.
Want to know what Wall Street and McDonald's have in common?
It doesn't surprise you when you hear that a fast food restaurant spends millions of dollars a year to market their foods to you. You're bombarded with advertising, on TV, in your home and while driving down the street. Is Wall Street any different? No!!!
Wall Street is just like any other industry spending millions on psychologists, focus groups, and behavioral specialists to discover how they can sell their products and services to you. The big difference is what they're selling. It's not like they are trying to sell the latest bottled water, a new car, or a teeth whitener. Instead, they are selling a fantasy disguised as an investment.
Okay, so how do the experts do against the non-experts in the stock market?
Richard Wiseman of the University of Hertfordshire in England did an experiment in which three imaginary stock portfolios were set up with an initial investment of $5,000. In one portfolio he had a professional stock analyst pick the stocks; in another, an astrologer made the choice; and a five-year-old girl picked the stocks in the third. Then he waited a year...
At the end of that year the results showed that the professional stock analyst's picks went down a whopping 46.2%; the astrologer's portfolio went down 6.2%, and the five-year-old girl came out ahead of everyone, with a growth rate of 5.8%.
So much for the experts ability to predict the market.
High schools and colleges are teaching teenagers that they must go to college and they must get a job to be wealthy. Schools are doing a disservice to these teens. The fact is many of the millionaires in this country never had a college education.
In the past college made sense because a job was a lifelong commitment that came with a pension, reliable social security, and a 401k plan. We already know that doesn't work anymore. Everywhere we look we are brainwashed into thinking that wealthy people around us have special skills, are lucky, or were born into millions of dollars. We're being discouraged from doing what really works because we're being told we can't do it—and we believe it.
In a recent national poll Americans were asked how they planned to get rich and here's the stunning top results.
As we've seen, you have no control over the market. So, you may ask yourself, how did wealthy people in America become rich?
Forget about winning the lottery; you have a better chance of being hit by lightening. And forget about playing stocks unless you have disposable income. Otherwise you're gambling your hard-earned money! The wealthy of today didn't make their money in stocks, they only invested in stocks after they made their money and secured their future. And, only a tiny fraction of the most elite wealth in the world is gained through inheritance. For the rest of us wealth is earned by bucking the lies about building wealth.
The bottom line is that investing in the market isn't how the wealthy in America got their freedom, but it's what we've been told. Its the lies weve been fed all our lives. If you want to secure your future you'll need to follow in the footsteps of those who already have. Owning and operating your own business is now one of two ways to truly become wealthy. Before you say that you can't do this, or that it will never work, please read on. You'll be surprised at just how easy it really is to be successful.
Let's dispel some top myths that I'll bet you'll recognize... this wouldn't happen to be you, would it?
You might think that 80% of all businesses fail in the first 5 years, right? Most of us have heard this depressing fact. Why would you want to own your own business if you're doomed to failure? You're not. Eighty percent of businesses don't fail in the first 5 years and no one knows where this alarming and misleading statistic originated. The real fact is that the truth will empower you! Maybe that's why it's hidden.
The truth is: Were not doomed to failure.
Reports from the US Census Bureau reveal that 76% of all small businesses operating in 1992 were still in business in 1996. In fact only 17% of all small business that closed in 1997 were reported as bankruptcies or other failure. What does this mean, it means we've all been very misled. It means that the entrepreneurial principles America was founded on are working for those who use them.
Is owning your own business all you need to do? No, let me explain....
Don't
be turned off by the word entrepreneur. Some of you might think this takes
super powers, or the gift of gab, or shady sales. Believe it or not running
your own business used to be the way America worked, but over the years most
of us have been led astray.
And don't think that you need to be an extraordinary individual to do this; regular American's are buying or starting businesses everyday. Some of them you've heard of, but most of them you haven't ever heard of and you never will. You can read their stories and learn from their success in the Wealth Puzzle book.
The new American, in order to survive, is becoming today's inspired entrepreneurs and securing their today and tomorrow at the same time.
Think I'm exaggerating? Take a look at the YouTube.com Web site phenomena. YouTube.com lets its visitors share movies for free online. The three young founders of the company ditched their day jobs at an online payment-processing company and built the YouTube.com Web site in just three months, launching it to the public in May of 2005. YouTube.com is now the 10th most popular Web site on the Internet with 65,000 new videos uploaded per day. On October 9, 2006, it was officially announced that the company would be bought by Google for 1.65 billion.
The exciting news is that more and more people are making money the old fashioned way, ditching their jobs. For example, women-owned businesses grew by 28% between 1997 and 2004, according to the Center for Women Business Research. That's three times the growth rate for U.S. businesses overall!
People who are destined to have a comfortable retirement, plenty of money left over in the future, are those who will know the truth about creating wealth. They will educate themselves by reading stories of everyday American's who have already achieved wealth, and learn how to take control of their financial future.
I want to give you an alternative. I want you to control your future and be financially secure. I want to get the word out to everyone and educate them. I want to prevent you from being tricked by financial advisors, and teens from being brainwashed into thinking that college is their only option. I know a few Ph.D's flipping hamburgers, you probably do to.
Even if you're already retired or heading into retirement and you know you'll be working forever, I want you to know that there are people just like you who have changed their lives, are having fun, and no longer worry about pay checks. I want you to secure your retirement and your future.
I want to help 1 million American's become entrepreneurs using the simple proven methods that real wealth builders in America have already worked out and are ready to share with you. My book and my radio show are the first steps to reaching my goal.
Let me tell you about my book, because it's the key to getting you started on the right path.
Solving
the Wealth Puzzle is a book I wrote for you. In its pages you'll learn
through the inspiring real life stories of people just like you and me how
you can build wealth and retire wealthy, and you'll learn the facts behind
how we're being mislead to believe that our future is secure when it is
no longer. Solving the Wealth Puzzle is designed to clear the road blocks you
have in your life to building wealth. The book will walk you through finding
your ultimate passion in just a few days so that you know exactly what business
is right for you to own.
Whether you are sick of working for your boss, know there isn't going to be enough money for your retirement, or maybe you're already in retirement and you're finding you need to work this book is for you. Whatever your situation Solving the Wealth Puzzle will inspire you and enlighten you revealing the myths about creating wealth for yourself. It'll lead you right to your own successful business. You wouldn't be interested in that would you?
Download the free report below to read some of the best excerpts from chapter
one of the upcoming book set to be released in Spring of 2007. We'll also notify
you when the book is published.
Free Report: Why Wall Street Won't Work for You, and What You Can Do About It
Here's What You'll Find in the Free Report: