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Wealth in America

Wealth in America

Here is the article I was talking about yesterday to my friend and wanted to share it with all of you. It describes what different net worths from $1 Billion down to $2 Million can get someone in America – in terms of lifestyle and cash-flow….made us feel really broke…;( ……till we go Diamond, EDC, Double…:)

Most of us will never make The Forbes 400 list, of course. A billion dollars, even in Ben Bernanke bucks, is still a high bar-
-a gold standard of gold.

Consider this: There are more Olympic athletes, baseball players on Major League rosters, professional symphony musicians in large cities and doctors who perform organ transplants than there are members of  The Forbes 400.

Short of $1 billion, what net worth would make you happy?

Let’s work our way down from a billion.

Half a billion is only halfway to The Forbes 400, but you get most of a billionaire’s perks and a lot more anonymity. It’s a
nice number, $500 million. It will keep you in several homes in great places–New York, Aspen and Maui, say–and fund a
mid-size private jet like a Citation X to get you there. I’d really, really like to be worth $500 million.

Descend to a net worth of a mere $100 million

The bottom of the nine figure club..

That’s because $100 million is really a tween-er number: You can be Richie Rich among your upper-middle-class friends
or a hanger-on in the super-rich crowd. Choose the latter and prepare to have your ego smashed. You’d surely have to
give up the Aspen and Maui homes or replace the Citation X with a fractional jet-ownership. Personally, I’d keep the jet
and sell the extra homes. The Hotel Jerome in Aspen is quite lovely.

Fifty million dollars

..is a very common net worth in Silicon Valley.

These anonymous rich get there by being part of a founding team–e.g., the chief technology officer but not the CEO–of a tech startup sold to Google for $2 billion.
The $50 million crowd typically owns a $5 million house–that’s only 4,000 square feet on one acre in Atherton or Los Altos
Hills–and a $2 million vacation place near, but not on, Lake Tahoe. They might own a golf membership or two at fancy
clubs, costing $300,000 each, or perhaps sail around the world in their Hunter 50 cruising yacht or fly around the world in
their Pilatus PC-12 turboprop. And now and then they make angel investments in technology start-ups.

The word “millionaire” gained popular currency a century ago.

A million dollars then would be about $20 million today, which is, interestingly, $1 million a year at a 5% after tax return. That’s right: You need $1 million a year to be a millionaire
in the original meaning of the word. I really do like that number, $20 million. For most lawyers, commercial real estate
brokers and CFOs–smart people who work for preexisting firms–$20 million is a good number to shoot for. The long climb
up the slippery pole is worth it for $20 million.

But $10 million ain’t so bad, either.

Commonplace in New York, Boston, Chicago, Dallas, Los Angeles and San Francisco,
a ten-bagger net worth makes you minor royalty in most other towns across the U.S. Ten million bucks is the heart
surgeon who got divorced only once or the car dealer who lives in the big house at the end of the street, owns a nice
summer home on the lake and always has a shiny Cadillac Escalade. The local charities and IRS auditors will certainly
find you after you hit eight figures.

Just the same, $5 million is nothing to sneeze at.

A lot of Americans who’d expected to be worth $5 million are no closer to it in 2011 than they were in 2001. However, they’re ten years older and a bit worried. Five million, free and clear and invested at 5% (after tax), buys an upper-middle-class life of good health care, a club membership, a wine collection, a BMW 3 Series convertible and a couple of vacations per year. Albeit, this is true only if the house is paid off and the kids are finished with college. If not, you’d better keep your day job, in addition to your $5 million.

Two million bucks

..is the great dividing line between middle-class comfort and worry in America right now.

That $2 million is $100,000 in income, if you base it on an after tax 5%. It’s also the battle line for state and local pensions. That’s because a pension income of $100,000–common for police and firefighters in big states–assumes a $2 million (or greater) portfolio
at today’s low interest rates. The $2 million portfolio isn’t actually there, of course. It’s only assumed, which is to say
fabricated and unfunded. Therefore, it must be taxed from today’s workforce. The tax debate roiling the country boils down
to who is more deserving of the $2 million–those trying to earn and save it versus those who depend on the promises of
fools

Here are the legal income disclosures of how much money you can make in our business -

Wealth in America

Can’t wait to get started ?  Got the guts to stick through the course ?

Our hiring process looks for - Ambitious, Busy, Teachable and Accountable - people having a - Great Attitude, and Self -Driven.

Next step is for you to meet with our team at the Orientation
Seminar, and learn the details of the business model,
compensation plan and our strategic partnerships. Look out
for my email I will send you after you submit this form below.

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Government Shutdown

Government ShutdownGovernment Shutdown – A Deal in the final hour..

If this were to happen again, WOULD YOU HAVE A BACKUP PLAN ?

My guess is “NO”  …for 99% of people trapped in this another would have been a massive round of layoffs, by the US Government..

You thought your government job is safe and secure ? Think again.  There is no such thing as job security. As long as you work in the capacity of an employee, you are going to be forced to dance to the owner’s tune. Period!

READ BELOW the gist of what was communicated from the White House..

“Throughout the discussions about funding for the rest of the fiscal year, the President has made it clear that he does not want a government shutdown, and the Administration is willing and ready to work day and night to find a solution with which all sides can agree.  Given the realities of the calendar, however, prudent management requires that we plan for an orderly shutdown should Congress be unable to pass a funding bill.

The President knows that the uncertainty of the current situation puts Federal employees in a difficult position.  We understand what’s at stake – for the individuals who work, their families, and the businesses and citizens who count on your help.

For now, we want to provide you with information on how the potential government shutdown – should it occur – will impact Federal employees.

As soon as funding lapses, Federal departments and agencies will not be permitted to incur further financial obligations performing activities funded by annual appropriations, except those related to the orderly suspension of operations or performance of excepted activities.  This means that some employees will be furloughed and unable to work.  Our contingency planning for the potential funding lapse includes determining which agency functions are excepted from a furlough.  Should it become necessary to implement our contingency plans, you will receive formal notice from your manager  regarding the designation of your position and furlough status.”

Bottom Line is — You’re FIRED !!

In other words – You will suffer for the mistakes your government made, the one you most likely voted for…

And if you are like me, I don’t take no junk from nobody.  That’s why I took advantage of a business opportunity few years ago, and honestly that’s the reason why I am not at all stressed by the government shutdown.

I control the shots, I control the circumstances in my life, not anyone else.

In our business there are no layoffs, we are always hiring. Want to know why? read on..

If you think enough is enough, if you feel betrayed by the layoffs, if you are sick n tired of being sick n tired, and if you want to look in the mirror tomorrow and see the Boss, I know i’m going to meet you on the next page – Fill in the form below and join our fight to freedom.

Changing World

Can you keep up with our fast Changing World ?

Changing World

This is all very very true and is already happening – even to many of us! Amazing aspect is that it is happening much too fast for the old brigade !!!

The only thing in this changing world that ever remains constant is Change.

Mother nature changes 4 times a year. But the technology centric world that we live in is changing faster than we think. And what hurts the most is to see that as humans the older we get the more resistant we are to change.

Whether these changes are good or bad depends in part on how we adapt to them. But, ready or not, here they come in our Changing World!

1.  The Post Office -

Get ready to imagine a world without the post office. They are so deeply in financial trouble that there is probably no way to sustain it long term. Email, Fed Ex, and UPS have just about wiped out the minimum revenue needed to keep the post office alive. Most of your mail every day is junk mail and bills.

2. The Check or cheque.

Britain is already laying the groundwork to do away with checks by 2018. It costs the financial system billions of dollars a year to process checks. Plastic cards and online transactions will lead to the eventual demise of the check. This plays right into the death of the post office If you never paid your bills by mail and never received them by mail, the post office would absolutely go out of business.

3. The Newspaper.

The younger generation simply doesn’t read the newspaper. They certainly don’t subscribe to a daily delivered print edition. That may go the way of the milkman and the laundry man. As for reading the paper online, get ready to pay for it. The rise in mobile Internet devices and e-readers has caused all the newspaper and magazine publishers to form an alliance. They have met with Apple, Amazon, and the major cell phone companies to develop a model for paid subscription services. Have fun in this changing world. I have never bought a newspaper in my life..If the world was coming to an end, others will tell me;)

4. The Book.

You say you will never give up the physical book that you hold in your hand and turn the literal pages. I said the same thing about downloading music from iTunes. I wanted my hard copy CD. But I quickly changed my mind when I discovered that I could get albums for half the price without ever leaving home to get the latest music. The same thing will happen with books. You can browse a bookstore on line and even read a preview chapter before you buy. And the price is less than half that of a real book. And think of the convenience! Once you start flicking your fingers on the screen instead of the book, you find that you are lost in the story, can’t wait to see what happens next, and you forget that you’re holding a gadget instead of a book.

5. The Land Line Telephone.

Unless you have a large family and make a lot of local calls, you don’t need it anymore. Most people keep it simply because they’re always had it. But you are paying double charges for that extra service. All the cell phone companies will let you call customers using the same cell provider for no charge against your minutes. I think this changing world needs no more land lines..I’ve not had it in my house for years and never felt the need for it too.

6. Music.

This is one of the saddest parts of the change story. The music industry is dying a slow death. Not just because of illegal downloading. It’s the lack of innovative new music being given a chance to get to the people who would like to hear it. Greed and corruption is the problem. The record labels and the radio conglomerates simply self-destruction. Over 40% of the music purchased today is “catalogue items,” meaning traditional music that the public is familiar with. Older established artists. This is also true on the live concert circuit. To explore this fascinating and disturbing topic further, check out the book,  “Appetite for Self-Destruction” by Steve Knopper, and the video documentary, “Before the Music Dies.”

7. Television.

Oh this is a big changing world for TV. Revenues to the networks are down dramatically. Not just because of the economy. People are watching TV and movies streamed from their computers. And they’re playing games and doing all lots of other things that take up the time that used to be spent watching TV. Prime time shows have degenerated down to lower than the lowest common denominator. Cable rates are skyrocketing and commercials run about every 4 minutes and 30 seconds.

8. The “Things” That You Own.

Many of the very possessions that we used to own are still in our lives, but we may not actually own them in the future.  Today your computer has a hard drive and you store your pictures, music, movies, and documents. Your software is on a CD or DVD, and you can always re-install it if need be. But all of that is changing. Apple, Microsoft, and Google are all finishing up their latest “cloud services.” That means that when you turn on a computer, the Internet will be built into the operating system. So, Windows, Google, and the Mac OS will be tied straight into the Internet. If you click an icon, it will open something in the Internet cloud. If you save something, it will be saved to the cloud. And you may pay a monthly subscription fee to them.

In this virtual changing world, you can access your music or your books, or your whatever from any laptop or hand-held device. That’s the good news. But, will you actually own any of this “stuff” or will it all be able to disappear at any moment in a big “Poof?” Will most of the things in our lives be disposable and whimsical? It makes you want to run to the closet and pull out that photo album, grab a book from the shelf, or open up a CD case and pull out the insert.

9. Privacy.

If there ever was a concept that we can look back on nostalgically, it would be privacy. That’s gone. It’s been gone for a long time anyway. There are cameras on the street, in most of the buildings, and even built into your computer and cell phone. But you can be sure that 24/7  “They” know who you are and where you are, right down to the GPS coordinates, and the Google Street View. If you buy something, your habit is put into a zillion profiles, and your ads will change to reflect those habits.

All we will have that can’t be changed in this ever changing world are Memories..

So the Name of the Game is CHANGE. Or get left Behind.

Want to Make the Changing World work in Your Favour ?

Do you have the Guts to take action?

Go ahead fill out this form and click “Start My Journey”. I will see you on the inside of this changing world.

Merry Christmas

Merry Christmas & Happy Holidays!

What did you do this year so Santa could bring for you?   You will love this video Merry Christmas

Wishing you all a Merry Christmas & a Happy New Year 2011….May God bless you with lots of great friends, prosperity, wisdom, success to you, your family & business…Enjoy!!!

Thanks for being a part of our professional network/blog…Let’s give an Entrepreneurial welcome to the coming year….No matter how long It may take to synergies our relationship but one day it will strengthen our entrepreneurial bonding…

Christmas gift suggestions:

To your enemy, forgiveness.
To an opponent, tolerance.
To a friend, your heart.
To a customer, service.
To all, charity.
To every child, a good example.
To yourself, respect.

Joy was on Christ, Love was on mas, so let all of this found You anywhere You are this lovely season.

Once again a Merry Christmas to all of you.

-Farhad & Khushnaz Billimoria

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