According to the National Bureau of Labor Statistics, out of 100 people born, at age 65, 29 of them are dead and 71 are still living. Of those 71 that are still living, they are comprised of the following:
-52 are directly dependent upon the Government and Family
-14 are still working and always will
-3 are financially independent
-2 are wealthy, net worth of $5 Million plus.
“Let’s calculate what percent were financially successful. Take 5 divided by 71. What did you get?” 7%
This tells us that there is a 93% financial failure rate in our country. The majority, the 93% used mainstream financial concepts. Concerning financial strategies, if the majority were right, wouldn’t the majority be rich?
The 7% didn’t use mainstream financially strategies to get where they’re at. They thought entirely differently about money. That is the value a good planner brings to the table.