Tuesday, December 16, 2014

THE Biggest Challenge of Next Decade? – Human vs A.I.

From flying a plane to selling advertising, the FUTURE of American Workers is HERE...and it's NOT Good.  In the competition between "artificial intelligence" and a "human" workforce, would you care to wager on which "commodity" is going to win out over the other?  Talk about this with everyone you know who is NOT an owner of their own business.  From the New York Times...Dennis

As Robots Grow Smarter, American Workers Struggle to Keep Up

Monday, December 15, 2014

Who Can Afford to Rent?

With hourly wages averaging slightly over $20 for most middle-class workers, the question becomes, "who can afford to even RENT a place to live?" Forget about owning a home, now average Americans can barely afford to rent an appropriate apartment.  

I ran across an article this morning on the rent prices in Denver and how they've gone up (again) and will continue to go up.  

I've got some advice for anyone in the Denver area who is living on a fixed income – YOU had better get yourself a financial survival plan!  

How is it in your area?  Think about it... Dennis


Wednesday, December 10, 2014

More Americans Living Paycheck-to-Paycheck Today (than 2 years ago)...

Do you still believe that there's an "economic recovery" going on?  Not according to the latest research.  Do you find that these FACTS hurt your efforts to build a business, or are you USING them to build?  See my comments in article below on how to USE this news, and then feel free to add your own ideas. Dennis

Welcome to the Recovery – McKinsey Survey Shows 40% of Americans Living Paycheck to Paycheck, Up From 31% in 2012

Sunday, December 7, 2014

Social Security IS the Retirement Plan for 44% of ALL Americans

Are you aware that for more than 1/3 of all Americans, social security makes up 90% of their income?  We have a better way to offer than that... Dennis

Social Security helps keep half of elderly Americans from poverty: Social Security has become the de facto retirement plan for millions of Americans.

Social Security was never designed as a long-term retirement plan for millions of Americans.  Yet Social Security has become the default retirement plan for many elderly Americans.  In fact, if it were not for Social Security roughly 44 percent of elderly Americans would be in poverty.  This is calculated by how many Americans receive Social Security and the standard poverty income cutoff created by Census figures.  The middle class continues to struggle and falls further behind the curve.  Since Social Security is adjusted via the CPI, it is problematic when the CPI fails to account for bigger changes in prices.  As we’ve highlighted before, inflation is here in big ways.  For older Americans healthcare costs are soaring and this eats deep into their monthly budgets.  Social Security in various forms is now being received by 64million Americans.  This is a big deal especially with so many Americans hitting retirement age in the years to come.
Social Security the last barrier from poverty for millions
It was interesting to read a report highlight that without Social Security, roughly 44 percent of elderly Americans would be in poverty:
“[Figures show] that were it not for Social Security benefits, over 44 percent of the elderly would be poor. With it, that share falls to 9 percent.”
While some might see this in a positive light I see this as more of a precautionary tale.  Many Americans are too close to the financial edge and are winging it in retirement.  The data is troubling:

Friday, December 5, 2014

Americans Out of Work – 36-Year LOW

Is there an opportunity out there for our business model to be shared?  Is there a REAL need? How can you present the business in a way that reaches people?  Dennis

December 5, 2014 - 9:17 AM 

Thursday, December 4, 2014

Sears, JC Penney's, Radio Shack – All On Death Row

THESE RETAILERS COULD USE SOME HOLIDAY CHEER

NEW YORK (AP) -- The holiday shopping season is always a make-or-break period for struggling retailers.

But this year, the fight to grab shoppers has intensified, making it difficult for stores to use the season that accounts for about 20 percent of the retail industry's annual sales to bounce back.

Stores face cautious shoppers who are juggling stagnant wages and higher costs for food and health care. And Web-savvy customers are using information easily available on their smartphones to hold out for ever-better deals. All of that means that stores have had to discount more - and earlier - this holiday shopping season.

"If you're a retailer on the edge, it's harder to maintain your viability and return to profitability because of the intense promotional environment," said Ken Perkins, president of RetailMetrics LLC., a retail research firm.

He expects fourth-quarter earnings for the 123 retailers he tracks will rise 7.7 percent, down from a projected 16 percent increase in June.

Here, four retailers with years of sales declines that could use a good holiday season:

Wednesday, November 5, 2014

Middle Class 20 Percent Poorer in Just 20 Years

"We have an answer to this problem."  Dennis

If you’re one of the millions of those in the middle class who can’t shake the feeling that you’re somehow getting left behind, you’re not alone. We’ve been hearing ad nauseum from both sides of the political spectrum that the economy is seeing a tremendous recovery thanks to the policies of the current democratic White House or that things are crumbling beneath our feet, never to be rebuilt. Of course, that depends on what media sources you choose to digest, but it certainly is a mixed bag. Another common narrative is that the middle class is dying, rapidly growing levels of inequality are polarizing America to the point where the country will be unrecognizable from an economic standpoint in a number of years.

Tuesday, November 4, 2014

How Much Do We Spend on Beauty?

How long do you take getting ready each morning?  Come on, be honest.  When you include shower, skin care regimen, shaving or applying makeup, brushing teeth and hair, do you take less than 30 minutes or more (like I do)?  Share your answer in the Comments below and check out this article on how MUCH we spend on those preparations.  DC


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There is a lot of pressure on both men and women to look their best. A survey conducted by YouGov and the Huffington Post found that one-fourth of men (25%) and around one-fifth of women (21%) take longer than 30 minutes to get ready each morning. To go out at night, nearly half of women (42%) require longer than 30 minutes of getting ready time.
Between showering, fixing our hair, and potentially, putting on cosmetic products, it’s an ordeal. Women in particular, spend a pretty penny on these make-up products. Statistical reports indicate that the cosmetics industry brings in over $55 billion annually, as of 2014.
Have you ever wondered just how much you (or your loved one or significant other) spend on being beautiful? You may be surprised to find out just how much of an expense beauty really is.

Wednesday, September 3, 2014

Best Article on "WHY" MLM Today.

Finally there's somebody in the media who really gets it...at Forbes, no less.  Read this article carefully.  There are so many GREAT points I don't know where to begin!  Dennis

Would You Join A Multi-Level Marketing Company For Retirement Income?

At some point in your life you’ve been pitched a multi-level marketing (MLM), direct selling, or network marketing business opportunity.  While the pitch varies from company to company, it basically promises a chance to ditch your 9-5 work schedule, be your own boss, and make lots of money while making new friends in the process.
It all sounds good on paper, yet there is a seemingly endless debate over whether these companies and programs are legitimate business opportunities or not, so I dug in and got the real scoop.  As a result, I believe that the entire industry is poised for explosive growth and can be one of the most significant solutions to America’s current retirement savings crisis.

Tuesday, August 19, 2014

Anti-Aging Story You Might Enjoy...

A 101-year-old man from New Jersey celebrated his birthday with colleagues on Monday after 73 years in the same job.
Herman "Hy" Goldman works four days a week at light fixtures company Capitol Lighting in New Jersey.
Apart from a brief absence to serve in the US Army in World War Two, Mr Goldman has worked at Capitol Lighting since 1941.

Saturday, July 5, 2014

The Cost of the American Dream is $_______.

This should be an astonishing wake-up call for all network marketers.  According to the statisticians at USA Today, it now takes over $130,000 per year for an average family in America today to be able to afford "the essentials" of the so-called "American Dream."  You might also be surprised to discover the 2 things that Americans want more than anything else.  Are you offering these 2 things when you speak with your prospects about Nu Skin?

Can you afford the 'American Dream?' Study shows the ideal lifestyle costs $130,357 per year

A new analysis shows that only 1 in 8 families could afford the cost of living what's commonly known as the American Dream in 2014. 

Inspired by the new book 'Chasing the American Dream,' about the cost of the financial crisis, housing bubble, and Great Recession, reporters at USA Today calculated the cost of all those elements that make up the American Dream. 
For the project they included the costs of home ownership, moderate-cost groceries, a car, health insurance, taxes, educational expenses for your children, and retirement planning.

They reached an average total of $130,357 per year in household income. In a country where the median household income is roughly $51,000, that's a dream well out of reach for most people. In fact only 16 million households in America earned that much last year.


Saturday, June 28, 2014

Getting Older, Broker, and Unprepared for Retirement...

Many older Americans are simply unprepared for the costs associated with retirement.

America is graying out. The massive cohort of baby boomers are now entering retirement age at a rate of close to 10,000 per day, or roughly 300,000 per month. Many are fully unprepared for the challenges associated with retiring and living a life where work income becomes a smaller source of support. The workforce during the last decade has added many lower wage jobs and this has added to the challenges of adequately saving for retirement. Saving takes work, patience, and enough disposable income to stash away. The facts are simply disturbing here. Most Americans entering retirement will rely on Social Security as their primary source of income. Since Social Security payouts come from current workers, those young lower paid workers are going to face a growing burden. This is all documented yet many Americans are entering old age fully unprepared for the economic challenges they will face. Healthcare costs are soaring but so are food costs, energy prices, and housing costs and all of these will be eaten away if your fixed income does not keep up.

Friday, June 6, 2014

"Gosh Dennis...Who Do I Talk To About Nu Skin?"

37.2%: Percentage Not in Labor Force Remains at 36-Year High

June 6, 2014 - 8:05 AM
(CNSNews.com) - The percentage of American civilians 16 or older who do not have a job and are not actively seeking one remained at a 36-year high in May, according to the Bureau of Labor Statistics.
Before December, the last time the labor force participation rate sunk as low as 62.8 percent was February 1978, when it was also 62.8 percent. At that time, Jimmy Carter was president.(CNSNews.com) - The percentage of American civilians 16 or older who do not have a job and are not actively seeking one remained at a 36-year high in May, according to the Bureau of Labor StatisticsIn December, April, and now May, the labor force participation rate has been 62.8 percent. That means that 37.2 percent were not participating in the labor force during those months.

Wednesday, June 4, 2014

What Happened To The American Dream?

The American Dream is out of reach

June 4, 2014: 3:13 PM ET

NEW YORK (CNNMoney)

The American Dream is impossible to achieve in this country.

So say nearly 6 in 10 people who responded to CNNMoney's American Dream Poll, conducted by ORC International. They feel the dream -- however they define it -- is out of reach.

Wednesday, May 21, 2014

91 percent agree with THIS statement...

 “I’m hopeful that I will find a job I really want in the next six months.” 

People are always asking me, "who do I talk to about Nu Skin?"  Here's an idea: Why not do your own survey to find a pool of people who might be open to the business opportunity?  Harris Poll conducted a recent one in which they discovered that out of 1500 people they surveyed, almost HALF of those who were unemployed had given up looking for work!  We have an answer!  Dennis


A new poll suggests that finding employment, particularly for the long-term unemployed, continues to be a struggle for Americans. The poll, conducted by Harris Poll on behalf of Express Employment Professionals, asked questions of 1,500 unemployed adult Americans last month.

Saturday, April 19, 2014

"Middle Class" = $50,000 Per Year (Paycheck to Paycheck)

Outstanding article with data that you need to be aware of.  Dennis

How many Americans live paycheck to paycheck? A nation living precariously close to the financial edge.

The fuel that drives our economy is spending. There are few nations that rival our ability to spend. We spend with the gusto of a shop-a-holic. The assumption is that we simply have the money lying around to spend at this level. That is simply not the case since most Americans are flat broke by most standard definitions. For example, I was reading through the recent Money magazine and found that 55 percent of households making $100,000 a year or less are living paycheck to paycheck. This is the bulk of our entire nation. The median household income in the US is $50,000. This was from the most recent survey conducted this month! The economic recovery is now going into its fifth year yet Americans are no closer to planning for a stable retirement. Most Americans arenot adequately planning and preparing for retirement. In fact, a retirement train wreck is barreling down on us. If 55 percent of households are living paycheck to paycheck, then stashing money away for the far away future is probably not on their immediate radar. We have become a nation that is precariously living on the financial edge.

Tuesday, April 8, 2014

1.5 Million Per Year...

...for the next 15 years! That's what I call a market!  Dennis

There Go The Baby Boomers



America's 65-and-older population is growing rapidly thanks to the aging Baby Boom generation.
This means more and more people are dropping out of the labor force and spending less and less money.
"The retirement wave is just starting," notes Gluskin Sheff's David Rosenberg. "This is the primary reason for the secular decline in the participation rate. Indeed, from 2010 to 2013, more than 60% of labor force dropouts were retirees — more than double the share for the prior three years."
Graphically, the trend is breathtaking.

Read more: http://www.businessinsider.com/chart-boomers-turning-65-2014-3#ixzz2xlmxgQYk

Sunday, April 6, 2014

Long-Term Joblessness

From full-time employment to part-time...it's happening everywhere!  If you can present a realistic solution to create a full-time income, how many people are going to listen? Answer: LOTS!  Dennis


On the 10th month of her job search, Lori DeSousa, who had been applying for marketing jobs, walked into her local Walgreens to ask about a part-time job as a cashier.
It was January and her unemployment benefits had just been canceled after Congress failed to extend them at the end of last year. “I needed to get a job or we would have lost our home,” said DeSousa, 43, who was going through her second bout of long-term joblessness in four years.
Studies show that once a person is out of the job market for longer than six months, they face a slimmer chance of finding stable work. Only 11% of the long-term unemployed find permanent, full-time work a year later, according to a research paper by Alan Krueger and other economists from Princeton University. It’s more likely that those job seekers will find unsteady work, with 14% of job hunters finding part-time work and 11% landing temporary work more than a year after losing their jobs. ( Study: Are the Long-Term Unemployed on the Margins of the Labor Market? )

Thursday, April 3, 2014

The Middle Class: A Question. An Answer. A Suggestion.

QUESTION:  Where do most of the VERY successful network marketing distributors come from? 
ANSWER: The Middle Class
SUGGESTION: Talk everyone you know like the ones I've highlighted in red below! Ask them if they are looking for a financial solution.

More Americans see middle class status slipping


WASHINGTON (AP) — A sense of belonging to the middle class occupies a cherished place in America. It conjures images of self-sufficient people with stable jobs and pleasant homes working toward prosperity.
Yet nearly five years after the Great Recession ended, more people are coming to the painful realization that they're no longer part of it.
They are former professionals now stocking shelves at grocery stores, retirees struggling with rising costs and people working part-time jobs but desperate for full-time pay. Such setbacks have emerged in economic statistics for several years. Now they're affecting how Americans think of themselves.

Wednesday, April 2, 2014

What Do Your Prospects Earn?

Knowing what most people earn on a means-average basis helps to determine how you present the business opportunity.  In other words, for someone earning $4-5,000 a month, an extra $1,000 is HUGE and will certainly get their attention.  Why use earnings figures that are completely unrealistic to someone earning $40-50,000 a year?  Use your common sense!  Dennis

OCCUPATIONAL EMPLOYMENT AND WAGES

Retail salespersons and cashiers were the occupations with the largest employment in May 2013, the U.S. Bureau of Labor Statistics reported today. These two occupations combined made up nearly 6 percent of total U.S. employment, with employment levels of 4.5 million and 3.3 million, respectively. National employment and wage information for all occupations is shown in table 1.

The data in this release are from the Occupational Employment Statistics (OES) program, which provides employment and wage estimates by area and by industry for wage and salary workers in 22 major occupational groups, 94 minor occupational groups, 458 broad occupations, and 821 detailed occupations.

Click here for BLS report, including charts:

Sunday, March 30, 2014

How's It Going Today?

Remember, there's always somebody who has it worse than you... Dennis


Saturday, March 29, 2014

The Choice is Yours

You can either LOWER your taxes or RAISE your income level.  Which do you have more control over?  Dennis

A List Of 97 Taxes Americans Pay Every Year


If you are like most Americans, paying taxes is one of your pet peeves. The deadline to file your federal taxes is coming up, and this year Americans will spend more than 7 billion hours preparing their taxes and will hand overmore than four trillion dollars to federal, state and local governments. Americans will fork over nearly 30 percent of what they earn to pay their income taxes, but that is only a small part of the story.
As you will see below, there are dozens of other taxes that Americans pay every year.  Of course not everyone pays all of these taxes, but without a doubt we are all being taxed into oblivion.  It is like death by a thousand paper cuts.  Our politicians have become extremely creative in finding ways to extract money from all of us, and most Americans don't even realize what is being done to them.  By the time it is all said and done, a significant portion of the population ends up paying more than half of what they earn to the government.  That is fundamentally wrong, but nothing will be done about it until people start demanding change.  The following is a list of 97 taxes Americans pay every year...
#1 Air Transportation Taxes (just look at how much you were charged the last time you flew)
#2 Biodiesel Fuel Taxes
#3 Building Permit Taxes
#4 Business Registration Fees
#5 Capital Gains Taxes
#6 Cigarette Taxes
#7 Court Fines (indirect taxes)
#8 Disposal Fees
#9 Dog License Taxes
#10 Drivers License Fees (another form of taxation)

Friday, March 28, 2014

What is an eBaby Boomer? You Don't Want to Know.

There's a better way to get ahead (or to just survive) than by selling your possessions.  Dennis

Are you an eBaby boomer? One in five of the post-war generation are selling their possessions to make ends meet

Concerned about making ends meet, one in five of the post-war generation are selling their clothes, jewellery and electronics online to boost their incomes, according to a study by MGM Advantage.

It found that staying afloat financially is now the biggest concern baby boomers have about retirement, ahead of staying fit and healthy, and losing a spouse or partner.

'At a time when we would hope such people were saving in preparation for retirement a large number are instead selling off their possessions on eBay just in order to make ends meet.

'It’s a situation that is unsustainable and a potential horror story for the eBaby Boomers when they retire.’