The Social Security Administration started tracking this data back in the 1960s.
In short, they followed a large group of men (as fewer women worked back then) from the time they entered the workforce (around age 18) up until retirement age (~ 65) and tracked their financial status.
Here's what they found in men reaching retirement age.
1% Rich
4% Financially Independent
15% Still working
80% Financially dependent or dead
We spend half of our waking lives working. After 40 years of working, only 5% had the money to take care of themselves.
But, this was back in the 1960s. A lot of things have changed since then.
We have new technology and incentives for innovation.
New ways to do business.
Information is democratized and barriers to entry removed.
It’s easier than ever to start a business, invest, and have multiple streams of income.
There's more money in circulation.
So, how much have these percentages changed?
None.
NONE.
The percentages today are the same as they were in the 1960s.
Why?
1) Because people are people, and they don't change. There will always be a small group of achievers, and everyone else amongst the masses.
2) Because the majority of people — the masses — are wrong about pretty much everything.
By definition, most people are average.
They follow what they see everyone else doing, and they end up where everyone else ends up.
There’s nothing wrong with being average. But my message isn't for people who want to be average.
Any decision you make that requires a level of discernment (we’re not talking about jumping off a building because it’s different and unique), think twice before you follow the crowd.
They’re going to Average-Ville.
Is that where you want to live?
Go here instead: http://www.WorkOnYourGameUniversity.com
#WorkOnYourGame