The American Dream(2004)

The American Dream(2004)

1. Many people focus on getting rich fast and effecient

   • Books published specifically for getting rich such as, The Courage to be Rich by Suze Orman
     • A 2003 Gallup poll found that about a third of Americans said they expected to be rich some day - and 51 percent of those with incomes of $75,000-plus felt that way
       • Someone earning $120,000 today, in fact, has only a 19 percent chance of making $340,000 within the next 15 years.

2. People are spending way to much and not saving

   • Personal savings rates are the lowest they've been since the Federal Reserve started tracking this data in 1946
     • Consumer debt has reached a high of $2.1 trillion (and that doesn't include mortgages).

3. People should focus more on living a happy and substantial life.

   • With false or unrealistic expectations people wont live the fun life they desire.
     • This quote from the article is very wise and helpful in my opinion, " So here's one solution: forget rich. It would free up so much time and energy if "Get rich" got crossed off everyone's to-do list" (Dunleavey).

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