Building Wealth in a Sagging EconomyBrad Roseborough
November 4, 2008 — 1,403 views
By now we all know that our economy is in the dumper. We are facing an economic recession the likes of which have not been seen since the 1930's. The Washington politicians keep telling us that they are going to solve the problem, but the fact is, they cannot. Washington caused this problem and they are the last ones that can fix it. And throwing a trillion dollars of the American people's money at it will only serve to further enrich the people and institutions that are responsible for the whole mess.
The reality of the situation is that the economy will get worse before it gets better. Leading financial industry authority Kip Herriage stated on October 24, 2008, ". . . the recession will reduce corporate earnings by as much as 30-50% over the next couple to three years. This is why I continue to believe that the Dow will drop to 6000 - 7000 before this is all over." These are dire predictions for everyone who works in corporate America.
The time has come for working folks at all income levels to realize that there is no such thing as a secure job. As corporate earnings dwindle, "downsizing" will once again raise its ugly head. And as the stock market continues to implode, the balances in most American's 401K plans will become mere shadows of what they once were.
There is good news, however. And that is that there will be more millionaires created during this recession than at any time in American history. That was the case during the depression of the 1930's, and so it will be again. The opportunities have never been better for entrepreneurs looking to break out of their corporate jobs and take control of their financial futures.
The mechanism that is moving billions of dollars in goods and services today is the Internet. Millionaires are created online every day, and this is only the beginning. Traditional brick-and-mortar businesses see a future of high taxation, layoffs, and shrinking investment capital. Their customers will need to go elsewhere for innovative and life enhancing products and services. That place is the Internet, and the network marketing industry is the engine that will drive massive wealth creation.
Donald Trump and Robert Kiyosaki, in their recent book, "Why We Want You to Be Rich" dedicate an entire chapter to the phenomena of network marketing and say that if they were to lose their fortunes today, they would rebuild them in the network marketing industry. That is a powerful endorsement and an extremely potent acknowledgement of the power of Internet marketing to create extraordinary wealth.
For more information on network marketing opportunities visit Brad Roseborough's website at: http://www.YourDreamLifestyleMarketing.com
About the Author
Brad Roseborough is a 25-year veteran of the computer technology industry where he served in technical sales, marketing, and consulting. Brad is now a small business consultant and freelance writer based in Southern CA.