First Step for Millionaires in the Making
There are roughly 9.5 million millionaires in the world, and its more than likely 99.9 percent of them didnt get rich on their own.
According to the latest World Wealth Report released in June by Merrill Lynch & Co., the amount of worldwide millionaires jumped from 8.7 million due to a powerful global economy. The combined wealth of the worlds richest is equal to $37.2 trillion, an 11 percent increase from 2005.
Expansion and emerging economies has played a tremendous role in the creation of wealth. The ranks are swelling in the United States and abroad, but the one truism about becoming a millionaire, whether its in Europe, Asia or the U.S., is that you cant get their on your own.
My new book, How Come That Idiots Rich and Im Not, covers several topics, including how the rich attain their financial status through the help of others, which I call O.P. Power.
Some of the worlds most successful individuals Donald Trump, Bill Gates and Andrew Carnegie didnt become a success on their own. They harnessed the power of other people, tapping into teamwork and surrounding themselves with those who had a common vision. If you attempt to do everything yourself, you will fail.
The study from Merrill Lynch predicts that by 2011, wealth among the worlds rich is expected to eclipse $51 trillion, rising at an average yearly rate of 6.8 percent. Nearly all of those who have and will become wealthy have assembled a dream team of individuals who represent both the power of the new entrepreneur and the seasoned professional.
After youve created the idea for getting rich, the first priority is to surround yourself with the people who can make that happen. Using their experience, their ideas, their time and their money is paramount to achieving success. You can have the vision on your own, but youre going to need to assemble a great team to realize that vision.
About the Author: Robert Shemin, JD, MBA, and Wall Street Journal bestseller, who was once considered the least likely to succeed, is a multi-millionaire who speaks to hundreds of thousands yearly, regularly sharing the podium with such financial luminaries as Donald Trump, Robert Kiyosaki, David Bach, Suze Orman and Tony Robbins. Shemin has worked with high-net-worth individuals for Goldman Sachs, helped create four companies, and been involved in over l,000 real-estate transactions. Find out more about Robert at http://robert-shemin.com.
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