There’s a perfect storm of sorts taking place right now that I believe will help create more self-made millionaires than ever.
More than 35% of Americans are facing debt collectors, according to a report released Tuesday by the Urban Institute.
It’s an astounding figure in the land of opportunity, where earning money is easier than ever.
That’s right: the streets are practically paved with gold, yet one in three of us has debts and unpaid bills that have been reported to collection agencies.
Regardless of your current situation, there’s no reason so many people should be so deep in debt from credit card bills, student loans, mortgages, car loans or anything else.
If you’re reading this and your blood is starting to boil, and you’re thinking, “What a jerk this guy is; he doesn’t understand my situation,” think again: I was the guy with $50,000 in credit card debt, my wife and I living with my parents to save money. So I get it.
But the good news is that money doesn’t have to be so difficult to earn, and there’s a perfect storm of sorts taking place right now that I believe will help create more self-made millionaires than ever during the next 10 years.
The wealthy are spending.
Millionaires are paying more for personal services than they have in a long time. As the economy continues to improve and stabilizes around the world, consumer confidence continues to rise. More spending on personal services is great news for the middle class.
It’s the perfect time to start a business that caters to the wealthy. For example: Start a lawn care service, maid service, handyman business, pool cleaning company, or grocery shopping service. Basically, if you can solve a problem or fill a need that people are willing to pay for, you can make an endless amount of money right now— and quickly, too.
Large corporations need your solutions.
Corporate America is sitting on trillions of dollars and searching desperately for help dealing with unprecedented problems involving leadership, customer service, strategic planning, team building, incentive compensation structure, and many other areas. It’s a similar story for corporate Canada. Huge opportunities are everywhere. These companies desperately need help and are willing to pay big bucks to the people with the solutions. Do you have specific knowledge that can be traded for a fortune?
Stop blaming and start acting.
Don’t hate the wealthy for being successful. In fact, the rich are standing with open arms, and we want you to join us. Unfortunately, the average person has been programmed since childhood by well-meaning but misguided parents, teachers, coaches, clergy, and others, to believe rich people acquire wealth through dishonesty and deceit. This is one of the excuses the masses use to justify a lack of financial success. In fact, the majority of fortunes were created through ambition, drive, and vision.
If you’re buried in debt, stop living in a perpetual waiting game for outside forces to come to your aid and grant every wish. The hero you’re waiting for might be God, the government, your employer, or even your spouse. The great ones know no one is coming to the rescue, and they are glad. It all starts with a self-reliant mindset that refuses to wait for outside forces or circumstances to make things happen.
When it comes to earning money, most people sell themselves short. Ask the average person what he expects to make this year, and he’ll likely say $50,000. The middle class believes being rich is a privilege, while the wealthy believe being rich is a right. In a capitalist country, everyone has the right to be rich if they’re willing to create massive value for others.
Being rich is so far out of the average person’s belief system that it never even crosses their mind. The fact is, it’s possible for anyone living in a society that rewards problem solving, and it doesn’t matter what your upbringing was, the highest level of education you completed or anything else. Next time someone asks you how much you expect to earn this year, tell them $500,000. Will you actually make that much? Probably not. But you’ll be in the right frame of mind to start thinking big and looking for new ways to earn money.
If you have debt collectors knocking on your door, stop believing in financial scarcity and start believing in financial abundance. Start solving problems, expect the money to flow, get compensated, and repeat the process until you’re rich. End of story.