Of the 3 million college students who graduated in 2011, 2.4 million of them (80%) will be moving back in with their parents! The U.S. Bureau of Labor reports 12.8 million young people (under age 30) are either unemployed, working part time or working at a job that doesn’t require a college degree, after spending tens of thousands to obtain one! The unemployment rate for this group of college graduates under the age of 25 is 54%.
Baby Boomers are those of us who were born between 1946 and 1964 (76 million just here in the US). Since January 2011, a new person turns 65 every 8 seconds (10,000+ people per day) and this will continue til 2030! Boomers control 80% of the wealth & 80% of the spending! 60% have lost their investments, 42% are being forced to ‘delay’ retirement and 25% claim they will ‘never retire’ (but according to AARP this number is 40%)!
You’re 100% in control of your own destiny…you must decide on the direction of your own life now. The 40/40/40 plan does not work anymore. Go to college, then get a job working 40 hours per week for 40 years and then retire on 40% of your income which doesn’t enable you to save enough to retire.
Residual income is the most powerful and profitable source of income. Residual Income is the income of the Rich! It is a source of income that keeps coming in on a regular basis, from work you do once. Residual Income is not about “getting rich quick” – the principle very much misunderstood by many people.
Develop a successful mindset, habits, actions and persistency it’s takes to develop personal accountability and control of your future. Your dream job is gone so you must take the initiative an get involved in an entrepreneurial endeavor. Rick Billings is a positive role model and mentor, which can give you the inspiration and support to achieve your dreams and continue to live a great life.