The United States and world economy have been going through a major recession over the past few years. During the past few years we have been bombarded with negative news about the stock market hitting new record lows, large companies laying off thousands of employees, shrinking retirement funds and decreasing house values.Nobel Laureate Economist Paul Krugman has recently said that the world is in a coordinated global slump, which looks worse in Europe and Japan than in the United States. The financial turmoil that started in the United States has ricocheted through the global economy, and has pushed Europe and Japan into the worst recession in more than three decades. While Krugman does believe that the current stimulus package should help the country out, he believes that the stimulus should peak at four percent annually.
MY ECONOMY vs THE ECONOMY While the figures above may seem very frightening, the nation’s and world’s economy are completely seperate from your own personal economy. Economic recession’s produce huge opportunities to take your life into your own hands, and create the life of your dreams. In fact, some of the world’s biggest and most successful companies were started during a recessionary period, such as; Hyatt, Lexis Nexis, Fed Ex, Microsoft, CNN, GE, HP, and many others. The founders for these companies recognized a need, and was able to fill it successfully. Just as there are four seasons in a year: winter, spring, summer and fall, there are also different financial seasons such as recessions, economic booms, and depressions. Economic downturns are the times in which you should be planting your financial seeds in preparation for the spring of the next economic boom. This is the best time to create your own THRIVING ECONOMY, and model what rich and successful people do to recession proof there income, and live the life of there dreams no matter how the rest of the economy is doing. According to Len Clement’s of MarketWave Inc. a recession causes people to open there mind’s to other gaining alternative sources of income because they realize that there once secure “j.o.b.” is no longer secure, and they would like to find way’s to take a hold of there own future. During the early ’90s there were 3.6 million American families with a net worth of one million dollars or more, and as of the end of ’05 there were ten million such families, and are growing at a rate of one million per year. Even in a recessionary period, millions of ordinary people who were not born into wealthy families, but who chose to apply themselves in the new and changing emerging where new wealth is being created. A Perfect Storm of Opportunity
THE EMERGING INDUSTRIES OF WELLNESS AND NETWORK MARKETING ARE COMBINING TO CREATE TODAY’S —AND TOMORROW’S—NEW WEALTH. BY PAUL ZANE PILZER(adapted from paul zane pilzer’s new book,which focuses on the central role of direct selling in years ahead) There is a strong correlation between stress, health and financial challenges. According to a study by Harvard University 75% of those who declared bankruptcy had health insurance at the start of there illness. Feel free to check out this site which has information on how stress can impact our bodies. The main two features of an opportunity in the health and wellness industry are: 1. Products that prevent illness and Promote Wellness. 2. A business model which promotes steady income and an opportunity to create financial freedom. In addition to the two above mentioned features you also have the opportunity to make a positive impact in the world, and make it a better place while leaving a legacy behind.
The Baby Boomers are at the front of the wellness trend as they are currently spending billions of dollars to further there wellness, and represent an economic sector who are eating healthier than anyone ever before in history. The stereotypical “large wealthy man” is no more, wealthy individuals are starting to look for ways to become healthier outside of the regular medical practices. In his book “Unlimited Wealth, Paul Zane Pilzer wrote that in the ’90s wealth would be created through distribution of products, rather than the creation of products, and today’s wealth will be created through teaching people about new products and services which they did not know existed or were are now affordable.Network marketing and direct sales, are forms of communication that have been used for ages, and it allows one to teach others about a new product or service that they would not have known about through regular forms of communication and advertising. Companies are beginning to realize that they can save on there advertising budget, and have an independent team of representatives teach others about the product and service that they offer. Network Marketing also offers many features and advantages, which are not typically available at a regular j.o.b. such as: Security, Financial Freedom, Time Freedom, Self-Development, Purpose Driven, Unlimited Income