Mike Michalowicz breaks down how the average American earns about $2 million over a 40-year career at $50,000 per year. Most people feel broke anyway because earning more won't help without first building systems to control spending. You need authority over your money before you chase a bigger paycheck.
This might sound like a dumb question, but you said something somewhere that most people earn $1 to $2 million over their lifetime. Is that true? Why does it feel like I'm constantly behind? The average American earner as of today earns $50,000 annually. That is the average number. The average lifespan of a worker right now is 40 years. So 40 years times the average of $50,000 is $2 million. So I make this point because I I think many of us want to win like the lottery or something like that. And the reality is you already have, you're just on an installment plan of that lottery win. And so we need to set up a system that can control and direct working with our natural behavior. The reason you feel behind is probably because you think, many people do, that the solution is just an onslaught of Mike Sase. But the reality is until you have control and authority over what you're earning, it doesn't matter how much you earn until you start channeling and leveraging your natural behavior. This system works with any income level, but first assert control and authority over your money, then expand how much money you're making.
