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Donít Worry, Be Wealthy: Easiest Time Ever to Make Millions, Author Siebold Says
Yahoo! Finance ^ | Stacy Curtin

Posted on 06/02/2011 8:56:40 PM PDT by 2ndDivisionVet

The world maybe headed for another recession, but there seems to be no better time to be a millionaire or billionaire.

Global wealth hit a record $121.8 trillion high in 2010 or $20 trillion above pre-recession levels, according to a new report by Boston Consulting Group (BCG). And, the number of millionaire households jumped 12.2 percent to about 12.5 million.

The trend will continue up to about $162 trillion by 2015, "driven by the performance of the capital markets and the growth of GDP in countries around the world. Wealth will grow fastest in emerging markets," says the report.

There are a couple of bright spots for all of you out there that do not fall in to the uber-rich category.

The United States is by far home to the most millionaires, according to BCG. In 2010, 5.2 million households in the U.S. had more than a million in assets under management compared to 1.5 million in Japan and 1.1 million in China.

And here's the really good news. If you want to make your millions, there is no better time than now, says Steve Siebold, author of the new book How Rich People Think. In the next five years, he predicts the United States will see more self-made millionaires emerge than in any other time in history.....

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Books/Literature; Business/Economy
KEYWORDS: economy; entrepreneurs
Comments?
1 posted on 06/02/2011 8:56:44 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

Thank God he has a book to sell!


2 posted on 06/02/2011 8:59:04 PM PDT by Mark (Don't argue with my posts. I typed while under sniper fire..)
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To: 2ndDivisionVet

The love of money is the root of all poverty.


3 posted on 06/02/2011 9:52:31 PM PDT by DManA
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To: Mark
Thank God he has a book to sell!<<<<

If he makes a million off of that...I'm gonna sell him my bridge in Brooklyn for 1/2 price...

4 posted on 06/02/2011 10:12:01 PM PDT by M-cubed
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To: Mark
Thank God he has a book to sell!

There is a million guys out there with get rich quick schemes. If he knew how to make millions he would not be selling books.

5 posted on 06/02/2011 10:24:02 PM PDT by oldbrowser (Blaming the prince of fools shouldn't blind anyone to the vast confederacy of fools that elected him)
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To: 2ndDivisionVet
Easiest Time Ever to Make Millions, Author Siebold Says

In what currency?
6 posted on 06/02/2011 10:30:10 PM PDT by PA Engineer (SP/AW12: Time to beat the swords of government tyranny into the plowshares of freedom.)
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To: 2ndDivisionVet

Yeah, I’m just doin’ this poor guy thing for a lark...


7 posted on 06/02/2011 10:41:26 PM PDT by Beowulf9
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To: PA Engineer
In what currency?

I have one quadrillion dollars (Zimbabwe) on my desk as a reminder where we are headed.

8 posted on 06/02/2011 10:57:14 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: 2ndDivisionVet
In the next five years, he predicts the United States will see more self-made millionaires emerge than in any other time in history.....

That's nothing... Zimbabwe has seen more trillionaires emerge than in any other time in history.


9 posted on 06/02/2011 11:03:14 PM PDT by Lancey Howard
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To: 2ndDivisionVet

Inflation.


10 posted on 06/03/2011 12:41:48 AM PDT by screaminsunshine (Socialism...Easier said than done.)
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