Archive for August 9th, 2009
Qittle on Denver’s Channel 2 The Deuce
I’m going to be on Denver’s Channel 2 the Deuce at 7pm on Monday Aug 10th. Nina Sparano of the Internet Cafe segment and I will be discussing mobile and New Media. Hope you can watch it live but we’ll be sure to put it on our youtube page as well.
Thanks everyone
Casey
America’s New Elite, they are just like you and I
Pop Quiz: of the wealthiest 5% of the U.S population who own 60% of the U.S assets what percentage do you think inherited their money?
Answer: less than 10% inherited their money over 90% of the wealthy created it on their own.
That means that average Americans created huge amounts of wealth in their life time from their ideas, sweat and collaboration. Of course the idea of “You need Money to make Money” is true to some degree however the vast majority of folks boot strapped an idea and created their wealth which has enabled them to increase their wealth. Most started a business that became successful at which point they were in a position to invest in equities, real estate and other investments.
Dr. Jim Taylor, Doug Harrison and Stephen Kraus wrote the book “The New Elite, inside the minds of the truly wealthy” and that is where these facts have come from. I had the opportunity to listen to Jim speak on Friday and he points out some very interesting facts. These folks come from every day back grounds; they are you and I. Grew up with a public school education in communities all over the country. They pursued a passion, were determined and found success.
In order to reach this demographic and really any demographic stick to the 5 R’s
- Resourcefulness
- Reliability
- Respect
- Risk Management
- Reward
Traits of the wealthiest Americans, they are Bold. They like to be appreciated and amazed. They like privacy in plain sight. Their pursuit is happiness and they are able to say no in order to reach that goal. They like to be the boss. Facts are very important as the angel is in the details. Oh and no Whining, they did it as well. They made the sacrifices, gave up the job, gave up comfort to pursue their passion and now they get to reward themselves.
What an exciting time we live in, to have the ability to take an idea and pursue your passion to be rewarded with huge monetary gains and do it on your terms. I believe in the next 20 years we’ll see even more of the entrepreneur spirit as technology and Globalization changes the game even further.
