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More on
"A Tale of Two Industries," by Paul Zane Pilzer, Success From Home Magazine, November 2005.
"The Perfect Storm of Opportunity," by Paul Zane Pilzer, Success From Home Magazine, December 2005.
The Next Millionaires, by Paul Zane Pilzer, Success at Home Magazine, published March 2005.
A vast amount of wealth is being created over the next ten years. Here's why--and how you can be a part of it.
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page 4 of 7 The Impact of 9/11 From 1991 to 2001, the world economy doubled in size, enjoying the highest growth rates ever recorded with the lowest interest rates and low inflation. In the United States, household wealth tripled, growing from $13 trillion in 1991 to more than $40 trillion in 2001. Over the same ten years, the number of U.S. millionaires doubled, jumping from 3.6 million in 1991 to 7.2 million in 2001. Then everything changed on September 11, 2001. As the towers of the World Trade Center came crashing down before our eyes, some thing else came crashing down along with them—millions of people lost faith in their economic future. Since 9/11, millions of people and businesses have begun to accept that their temporary economic situation could be permanent. This acceptance is the greatest threat to our future way of life—even greater than the physical threat caused by the heinous acts of those responsible for 9/11. For just “as a man thinketh in his heart so is he,” in today’s modern economy, “as a people think about their economy so is it.” What most people don’t realize is that our economy is already surging ahead. In the third quarter of 2001, our Gross Domestic Product declined by 0.2 percent and everyone screamed “recession!” But the following quarter, GDP grew again—in fact, by ten times the amount of the decline! Our GDP has risen in every single quarter since. Our economy quickly regained its headlong rush into this new era of increased wealth and prosperity that had begun in 1990; by 2004, even the Dow Jones—the widely regarded and tracked stock market index—had fully recovered. After the economic crash of 2001, many people felt they missed their chance to be part of the boom of the 90s. Yet since 9/11 U.S. household wealth has increased $8 trillion to $48 trillion—an additional 20 percent! Today, the U.S. and the world economy look almost identical to the way they looked in 1991, except that there are more opportunities for entrepreneurs due to recent changes in taxation and technology. Based on this history and on current conditions, I project that figure will roughly double again in the next ten years, reaching the $100 trillion mark by the year 2016. This is actually a fairly conservative projection; after all, this is only a doubling of the U.S. household wealth in the next decade, a figure which more than tripled during the 1990s. What is more startling than that sheer growth is the nature of the growth—because in the course of adding another $52 trillion in household wealth, we will also see the creation of more than ten million new millionaires!
The Democratization of Wealth |
millionaires! By the year 2001, we had a U.S. household wealth of $40 trillion. If we had spread that wealth out, a million dollars per person, how many millionaires do you think that $40 trillion would have produced? Forty million! Of course, Microsoft didn’t distribute its wealth to 274,000 individuals, and we didn’t spread out our entire $40 trillion in household wealth that way—but the truth is, we’re starting to do that more than ever before. This is why we are experiencing such a boom in home-based businesses. Today, small businesses account for more than one-half our nation’s economic output and employ more than half our private-sector work force—and more than half of these are homebased businesses. In the past, it was risky going into business for yourself; corporate employees had better pension and health benefits. Not any more. Recent changes in tax law have leveled the playing field—if anything, actually tilting it toward the individual entrepreneur! Congress has responded to a shift in values: People today want to work from home. Now they can. The large corporation is giving way to the independent contractor and the self-employed entrepreneur. In effect, we’re breaking down those huge corporations into their component parts; namely, the individual entrepreneurs—and as a result, more and more of those entrepreneurs are becoming millionaires. In the past, where we’d see a single company going to $1 billion, today we’ll more likely see 1,000 individuals each going to $1 million Instead of the rich getting richer, it means there are more people getting rich: The number of millionaires is increasing.  In the past, you never had a chance. Because the big corporation ruled, someone else made that money… the Astors, the Vanderbilts, the Rockefellers. But during the 1990s, 3.6 million people stepped forward and claimed their own fortunes. Now let’s go back to that forecast of $100 trillion in household wealth by 2016. (And remember, that’s a conservative forecast.) Where will that new $52 trillion come from? Of course, the majority of it will go to make those people who are already wealthy still wealthier. But at least 20 percent of it—$10 trillion or more—will represent new entrepreneurs coming to the table. That $10 trillion represents ten million new millionaires. One of the greatest thrills I have as a writer is knowing that a good number of those next millionaires are reading this article right now. prev next |
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| PUBLICATIONS |
 The
Next MillionairesExplains how you can become of the the ten million new millionaires that will be created between 2006-2016. |
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New Health Insurance SolutionHow to get cheaper, better health insurance from birth to old age without an employer plan. |
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NewWellness Revolution How to make a fortune in the next trillion dollar industry--preventative medicine and wellness. |
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York Times BestsellerGod Wants You To Be Rich Explains how our economic system is based on our biblical heritage, and you can prosper materially and spiritually. |
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of WealthAward-winning 6 CD (or cassette) audio series explains the new opportunities for creating wealth in the 21st century. |
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People's MoneyPilzer's first book, exposing the S&L Crisis and the history of savings in America. |
 Unlimited
Wealth Pilzer's seminal work explaining how we live in a world of unlimited physical resources because of rapidly advancing technology. |
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Next TrillionWhy the wellness industry will exceed the $1 trillion health care (sickness) industry in the next ten years. |
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ReviewCollection of articles on the guidelines for success in commercial real estate investments. |
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Wellness Revolution How to make a fortune in the next trillion dollar industry-- preventative medicine and wellness. |
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