Why Should You Involve In Internet Marketing?

Dear readers,

• Why do we need to involve in internet marketing business while we are educated and easily can get a professional job working in the big company?
• Why do we need to involve in the business which with higher risk while working with people can receive residual salary?

I am sure, while you are reading my blog, you have already understood the reasons behind it to get involve in internet business.

Hence, please allow me to follow-up with these two questions:

• Why do we need to start our internet marketing business as early as possible?
• Why can’t we wait for a great opportunity?

Here, I would like to show you the recent financial education statistics gathered from this website (http://www.financialeducatorscouncil.org/financial-literacy-statistics.html). From these statistics, you should able to understand the answers.

* Please note.  The financial literacy statistics shown below were gathered online.  The NFEC has not verified any of these financial literacy statistics.  It is important that you conduct your own due diligence and give proper reference to those organizations that provided the financial literacy statics shown below.

Teen / Fresh Graduate / Undergraduate Side

ü  85% of college graduates plan to move back home after graduating. (Twentysomething Inc. 2010 survey) The rate has risen from 67% in 2006. (Jessica Dickler, CNN staff writer)

ü  59% of the young adults in Generation Y pay their bills on time every month. (2008 Financial Literacy Survey National Foundation for Credit Counseling, Inc. and MSN Money)

ü  50% of those who closely monitor their finances say that they learned about personal finance from their parents or at home more frequently. (2008 Financial Literacy Survey National Foundation for Credit Counseling, Inc. and MSN Money)

ü  54% of college student respondents had overdrawn their bank account (Center for Economic and Entrepreneurial Literacy Survey)

ü  30% of college students, when reflecting back on their freshman year, admit that they were not very well prepared for personal money management on campus. 20% of students claim to have been very well prepared. (KeyBank and conducted by Harris Interactive)

ü  75% admit to having made mistakes with their money when they arrived on campus. (KeyBank and conducted by Harris Interactive)

ü  40% said they track their where their money was being spent very closely. (KeyBank and conducted by Harris Interactive)

ü  20% had saved over a thousand with older teens 16-18 significantly more likely than their younger counterparts. (Charles Schwab Foundation)

ü  49% of teens are ‘eager’ to learn more about money management. Only 14% had taken a class on a financial literacy topic and over a 30% want to learn money skills from their parents. (Capital One)

ü  A survey among working teenagers found that about 50% say when they get paid that they spend some of it and save the rest, while 30% said they deposit the money in an account. 53% of teens report saving for the future. (Charles Schwab Foundation)

ü  The majority of college students say they pick up most of their personal financial education from their parents, but less than half of students said their parents made a consistent conscientious effort to teach them. About 70% of college students say their parents are their main source of information. (The Hartford Financial Services Group, Inc.)

ü  Students and parents agree that college students are not well prepared to deal with the financial challenges that lie ahead. Less than one-quarter of students or about twenty four percent and only twenty percent of parents say students are prepared to deal with the financial challenges that await them in the real world. More than three-quarters of student, about seventy six percent, report that they wish they had more help preparing for their personal finances. (The Hartford Financial Services Group, Inc.)

Parents Side

ü  Around 97% of parents (or legal guardians) that have a children eighteen years of age or younger expect their oldest child to continue their schooling through college, and around 79% of these same parents expect to pay for some or all of their child’s college education. (Wall Street Journal Online/Harris Interactive Personal Finance Poll)

ü  11% expects to pay less than five thousand dollars. 17% expects to pay five thousand dollars to just under ten thousand dollars and 16% expect to pay over thirty grand. About 26% of parents who are expecting to pay for their kids’ college education have saved less than five thousand and 32% don’t have anything saved. (Wall Street Journal Online/Harris Interactive Personal Finance Poll)

ü  92% agree that it is important to have good money habits to be successful in life and believe it’s important to know how to manage money to live within your means. In addition the same percentage reports that it feels good to see their money grow. (Charles Schwab Foundation)

ü  18% of parents are talking about school budgeting and 79% of parents see themselves as positive money role models for their kids. Only a small percentage of parents are taking advantage of the everyday learning opportunities about money. (Capital One)

ü  66% parents surveyed say they definitely see personal finance education as their responsibility and consistently make the effort to teach their children about it, compared to the only 41% of students who say their parents did. (The Hartford Financial Services Group, Inc.)

ü  34% of parents have taught their teen how to balance a checkbook, and less than that has explained how credit card interest and fees work and 93% American parents with teenagers report worrying that their children might make financial missteps such as: overspending or living beyond their means. (Charles Schwab’s 2008 “Parents & Money)

ü  69% of parents admit to feeling less prepared to give their teenager guidance about investing than they do having the ‘sex talk’ with them. (Charles Schwab’s 2008 “Parents & Money)

Adult Side

ü  10% of American with mortgages reported being late or missing a mortgage payment in the last year (2008 Financial Literacy Survey National Foundation for Credit Counseling, Inc. and MSN Money)

ü  7% of adults are either getting calls from collectors or thinking about filing for bankruptcy. (2008 Financial Literacy Survey National Foundation for Credit Counseling, Inc. and MSN Money)

ü  14% of American adults mentioned their company's retirement plan when asked about ways they save. (Harris Interactive for the American Institute of Certified Public Accountant)

ü  89% of people are in agreement that saving and investing can help you achieve the freedom to do what you want in life. (Charles Schwab Foundation)

ü  81% underestimated the amount of time it would take to pay off a credit card balance by a large margin. (Center for Economic and Entrepreneurial Literacy Survey)

ü  40% will never gain a net worth in excess of ten thousand dollars. (American Dream Education Campaign)

ü  75% Americans say they aren't saving enough. (2008 Pew Research Center)

As you can see already from the financial education statistics shown, most experts are in agreement that people are suffering because they missed out on financial literacy training.  Each of these studies point to the fact that most people never received a personal financial education course and the consequences can be challenging.

Just imagine if you are even from the top 50 cities of high cost of living based on this Ranking Mercer International Basket Including Rental Accommodation Costs Base City: New York, you’ll definitely find it very hard to survive with your little salary. Please refer to the table below to see which cities are listed as the top highest cost of living.

Top 50 cities: Cost of living ranking Mercer international basket including rental accommodation costs Base City: New York

(http://www.finfacts.ie/costofliving.htm)

Rankings
March 2012	March 2011	City	Country
1	2	TOKYO	JAPAN
2	1	LUANDA	ANGOLA
3	6	OSAKA	JAPAN
4	4	MOSCOW	RUSSIA
5	5	GENEVA	SWITZERLAND
6	7	ZURICH	SWITZERLAND
6	8	SINGAPORE	SINGAPORE
8	3	N'DJAMENA	CHAD
9	9	HONG KONG	HONG KONG
10	11	NAGOYA	JAPAN
11	14	SYDNEY	AUSTRALIA
12	10	SÃO PAULO	BRAZIL
13	12	RIO DE JANEIRO	BRAZIL
14	16	BERN	SWITZERLAND
15	21	MELBOURNE	AUSTRALIA
16	21	SHANGHAI	CHINA
17	20	BEIJING	CHINA
18	15	OSLO	NORWAY
19	30	PERTH	AUSTRALIA
20	12	LIBREVILLE	GABON
21	17	COPENHAGEN	DENMARK
22	19	SEOUL	SOUTH KOREA
23	34	CANBERRA	AUSTRALIA
24	31	BRISBANE	AUSTRALIA
25	18	LONDON	UNITED KINGDOM
26	44	KHARTOUM	SUDAN
27	46	ADELAIDE	AUSTRALIA
28	29	ST. PETERSBURG	RUSSIA
29	51	CARACAS	VENEZUELA
30	43	SHENZEN	CHINA
31	38	TEL AVIV	ISRAEL
31	38	GUANGZHOU	CHINA
33	32	NEW YORK CITY, NY	UNITED STATES
34	23	NIAMEY	NIGER
35	70	YANGON	MYANMAR
36	61	KINSHASA	DEM. REP. OF THE CONGO
37	27	PARIS	FRANCE
38	25	MILAN	ITALY
39	41	LAGOS	NIGERIA
39	63	BAMAKO	MALI
41	67	ABIDJAN	CÔTE D'IVOIRE
42	34	ROME	ITALY
43	55	BRAZZAVILLE	CONGO
44	39	DJIBOUTI	DJIBOUTI
45	33	BRASILIA	BRAZIL
46	39	STOCKHOLM	SWEDEN
47	37	NOUMÉA	NEW CALEDONIA
48	36	VIENNA	AUSTRIA
49	48	BAKU	AZERBAIJAN
50	25	VICTORIA	SEYCHELLES
50	44	DAKAR	SENEGAL

Ok, taking another example in Malaysia. Recently, Malaysian Government has announced National Budget for 2013. One of the incentive is Malaysian households will be able to save an average of RM1,000 a year with individual tax rates slashed by one percentage point from next year 2013. This good news will certainly be well received by everyone living in Malaysia.

However, even though the Malaysian people have more money from tax cuts, how many of them will actually feel they have more money in the long run? If experience is any indication, we've found that any increase in our income ends up with an accompanying increase in our expenses - we always find a way to spend the money we earn. This is true, and I think you’ll agree too!

Another statistic, the majority of Malaysians, 61% don't save any money. And even worse, less than 28% make and stick to a monthly budget. It's really no surprise then that most of them will never find their way towards financial freedom.

I'm sure we're all tried. We're all too familiar with our past efforts to save money. It only ends up frustrating us when some unexpected expense crops up and screws up our best-laid intentions. But why is this case?

It points to something deeper than that. Something going on in our psychology we're not fully aware of. It’s like our minds are on autopilot, inadvertently working against us and sabotaging our attempts at success.

Again, taking the earlier financial literacy statistics out further and you can see how it impacts the country and world as a whole.  The US is a consumption based economy and if people cannot afford to purchase those items they use to, and you can see this financial literacy statistic will reduce the country’s GDP.   With the global economy we are now in this financial education statistic goes even further to show the world will be impacted by the lack of personal financial education.

Back to the earlier questions:-

• Why do we need to start our internet marketing business as early as possible?
• Why can’t we wait for a great opportunity?

Do you notice that, when we start our internet marketing business as sooner as possible, it’s helps us to find resources to excellence in this industry? We’ll learn from many resources and take actions! We all know that there are a great opportunity to earn money online easy and fast. Once we get involved earlier, we can learn earlier and earn faster than others who are still working from 9am-5pm. 

Besides that, if you are parents, you can set as a role model for your children to behavior like you to have financial minded when they are small.

It is critical that we all begin working to improve the situation and empower people with a financial education.  Making members of our community financially knowledgeable will improve the world as a whole too!

Finally, if you are a fresh graduate, an undergraduate, an internet marketing newbie or even an intermediate internet marketer but hardly earning online money fast, then I would like to invite you to participate in this blog.

I am going to compile a series of money tips in this blog so that young graduates or internet marketing newbie can have a head start on their journey to financial independence through internet marketing.

At the same time, please download your eBook worth $47 for FREE.

Come back to this blog more often to interact with us.

-http://www.InternetMarketing.Main2U.com

-http://www.eBookFavorite.Main2U.com

P.S. I would also like to invite the Internet Marketer Expert to share your experiences in internet marketing with my young readers. Thanks.