Financial Security With Shaklee

March 21, 2007 NEW YORK –

Renee Weese has reached an enviable goal — she’s become a millionaire. But like many others whose net worth has risen in recent years to seven figures, she doesn’t feel particularly wealthy. Not that long ago, the word “millionaire” conjured up visions of chauffeured limousines and extravagant shopping trips and elegant yachts. These days, a millionaire is more likely to be the guy or gal next door who saved carefully — and perhaps benefited from the sharp run-up in housing prices — but still worries about covering the exploding costs of children’s educations, caring for aging parents and funding their own retirements.

Weese, 51, of Atlanta, credits her good financial fortune to good-paying jobs and windfalls when her startup insurance company went public and, later, when it was taken over by a bigger insurer. Still, Weese worries about how far the money will go. As she puts it: “I know I have more money than a lot of people do. But I don’t feel I can sit back on my heels. I have lots of years ahead of me, and elderly parents I help financially a bit, and kids and grandkids.”

To people living paycheck to paycheck or who haven’t saved much — which is the bulk of the U.S. population — $1 million seems very far out of reach. But a growing number of Americans are accumulating that amount and more. According to research from Merrill Lynch & Co. and the consulting firm Capgemini, some 2.9 million people in the United States and Canada have net worth of $1 million. The New York-based companies count all of an individual’s financial assets except a primary residence.

Atlanta financial adviser Micah Porter, who has worked with Weese, estimated that about 70 percent of the wealthy clients his Minerva Planning Group sees have earned their money by building successful businesses or saving from their salaries. The others inherited all or part of their wealth. But having that much money doesn’t necessarily mean their financial concerns are over. He said a big worry is how long the money will last because “they’ve become used to a certain standard of living that may be difficult to support” when they stop working.

And the fact is, $1 million doesn’t go as far these days as it used to. For one thing, it’s vulnerable to inflation — someone who bought $1 million worth of goods in 1957 would need $7.3 million to buy the same goods today, according to Federal Reserve figures. It’s also vulnerable to longevity. Americans are living much longer than they used to, and that means they need larger nest eggs to get them through retirement.

Interestingly, it is workers’ focus on saving for their retirement that leads Dan Sontag, an executive in the global private client division of Merrill Lynch, to predict that a growing number of Americans will achieve the million-dollar milestone. He notes that many baby boomers — those born between 1946 and 1964 — have been contributing to company-sponsored 401(k) retirement plans and similar employer-backed programs for 25 years, “and those account balances have mushroomed.” In addition, many of these people also own homes that appreciated greatly in the boom market of recent years.

Greetings Shaklee Team!

The article about today’s millionaires contains some interesting points. It really hammers home the point about planning for the future. After reading the article, ask yourself this question— what would it mean for your financial future if you would build your Shaklee business to the point where you can save/invest $1000 a month (or more) from your monthly bonus check towards your retirement nest egg for the next 10 years, 15 years, or 25 years, depending on your current age? What would that be worth to you?

Even bigger than that– most people reach the point where they “retire” from their job or business and that source of income stops. They are then totally reliant on their retirement income and social security to live out the rest of their life. What if these people could retire from their work and still receive their normal income every month just as if they never stopped working? That’s the residual income earning power of building a successful Shaklee business.

Shaklee has been in business for over 50 years and there are thousands of Shaklee business owners that have been in the business for 20, 30, even 40+ years who are in their 50’s, 60’s 70’s 80’s, even in their 90’s, who receive their full Shaklee income while enjoying semi or full retirement. In fact, Master Coordinator Naomi Cranny who started her Shaklee business in the 1960’s, is 101 years old, earns well over $200,000 a year from her Shaklee business, and she still is active in her business, even travels to Shaklee conventions and incentive trips that she continues to earn. Now how cool is that?!

The Shaklee business is as much a social business and a fun business to spend time with as anything, and most of the work we do in the business doesn’t really seem like work– not compared to just about any other type of job or business. The fact is, most people in Shaklee never really “retire” from their business if you catch my drift. For example, we have Murray who is 81 and George who is 85 who have successful Shaklee businesses for well over 20 years now. Their Shaklee business continues to reward them with a nice check every month, and they both enjoy getting out and doing things in Shaklee like going to a dinner meeting, a local business meeting, a Shaklee Corporate meeting, and inviting some of their friends in the business to go with them. They enjoy getting out to these “business activities”.

Master Coordinator Gary Burke asks people that he talks to about starting and building a Shaklee business– “How would you like to build something that will continue to pay you even when you are not there?” That’s the residual earning power of the Shaklee business opportunity. You need to understand that there are very few Companies and businesses that can offer and boast of the financial stability that Shaklee has to offer– in business for over 50 years and with Roger Barnett at the helm, the next 50 years looks even brighter than the first 50 years. What is this kind of financial security and stability worth to you?

Your future lies ahead and you get to create it by your decisions and your actions. People who make a decision to build a successful Shaklee business, take action to do so, and stick with it have the ability to create a far better financial future for themselves and for their family than most people will ever have.

Rod Larkin

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