Where Today’s Formula For Success Takes You
In one of the last posts, we talked about the traditional formula for success that most people are following in hopes of becoming wealthy one day. The formula, as you may recall, goes something like this:
· Go to school
· Get a “good” education
· Work approximately 45 years (or more) until you can retire
This is what most people do—we get educated, find a job, and work until around age 65. More likely, as age expectancies continue to climb, you’ll end up working past 65, because you’ll have that many more years to fund beyond retirement.
So let’s see how this success formula works out for us.
Where Will You Be At Age 65?
At age 65, you will fall into one of three categories:
1. Rich. If you are lucky, you will be among the 1% of the population who will be considered “rich.” Odds aren’t with you, though, and really not in your favor at all if you follow the success
formula above—that’s not how the rich get here.
2. Financially Independent. The odds are a little better here—you may be one of the small 4% of the population that is able to stop working as planned and maintain a comfortable lifestyle—not a wealthy lifestyle, but you’re able to pay the bills and remain out of the workforce.
3. Dead, Dead Broke, or in Need of Family assistance. These are the options for 96% of the population—the 96 percent who continue to follow the “Formula for Success.” At the age of retirement, the great majority of the population will be either dead, near death (within, say, less than three years), or living on a very fixed income and in need of family assistance.
This all sounds very doomsday, but this is reality. Not as uplifting as most of our posts around here, but this is a stark dose of reality aimed at showing you the path you are heading on, if you continue to follow the traditional route to “wealth.”
Not everyone is following this path, though. Four to five percent of the population has veered off, because they can see where it’s heading. Those are the five percent in the top categories.
Which group do you want to fall into?
To Your Continued Success!
Sean Rasmussen
21st Century Academy
Universal Wealth Creation © 2004 – 2009
Tags: 21st Century Academy, 21st Century Academy blog, formula for success, retire, success formula, Wealth Creation, wealth visio
Tags: 21st Century Academy, 21st Century Academy blog, formula for success, retire, success formula, Wealth Creation, wealth visio
