Is there a economic storm looming on the horizon. A few years ago Robert Kiyosaki wrote a book titled “Rich Dad’s Prophecy”, unlike most of Robert’s works, this one was not well received. In the book he put forth the idea that when the majority of the baby boomers hit 70 years old around 2016, they will be forced to start withdrawing all of their invested 401K money, which will cause a major drop in the stock market. All those dollars invested in stock mutual funds will be sold off to fulfill a government mandate.
Mark Yarnell the MLM Guru and author of best selling Your First Year in Network Marketing, is talking about the disappearance of the middle class because of globalization and lack of US competitiveness., in fact he has a recruiting talk called The Beach or the Soup Line.
This all fits into to my belief that if we had another great depression, it would cripple the US for good. Because during the last depression our government was not mortgaged to the hilt and could take on massive debt in the form of work programs and building project to help fuel the recovery.
So why all the doom and gloom? Hopefully to open your eyes and have you start take responsibility for your own financial future. You can not rely on corporations for you’re future anymore. Take your future in your own hands, start a business and work to security that you can control.
Wednesday, June 13, 2007
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