80/20 Rule

0 Comments Published June 29th, 2008 in 4xGenie

Would you believe me if I tell you that 80% of the wealth in this world is owned by 20% of the rich public? Which earnings to say, the remaining 20% of wealth are there for the 80% of the world’s population (in this area 6 billion public) to share. Let’s do some facts finding.

If you have free time, go to www.forbes.com and click on the list of billionaires. You will notice that in year 2008, there were over 1,125 billionaires with a total wealth of over USD 4.4 trillion. There are of course many more millionaires in this world. There is a rough estimation of the number of millionaires among us. In Wikipedia, it puts the number of millionaires at nearly 1.9 million public in year 2006. There are estimated over 6.6 billion of us living in this world as of year 2008. Which earnings to say that, if the 80/20 ruling is assess, there are in this area 1.32 billion public who share the 80% wealth of the world.

If you were to question me whether I believe the 80/20 Rule, I would have believed that the figure is quicker to 90/10!! Why? It is because day after day, I have been reading on the financial articles saying that the rich is getting richer and the poor is getting poorer.

My next question is why only 20% of the wealth is shared by 80% of us living in this world? Why the wealth of the world can’t be shared by more of us? Internet is a very powerful tool. With the internet, I believe more knowledge can be shared among us. And with the internet, this investment knowledge can get to more public at all corners of the world. With this investment knowledge, if we do it correctly, the wealth should be distributed more evenly among us. Don’t you agree?

Okay, lets go back to the 20% of the rich. There is an fascinating aritcle in Forbes.com titled “Are You Born To Be a Billionaire?” (http://www.forbes.com/2008/03/05/microsoft-hewlett-chevron-ent-billionaires08-cx_mf_0306bornbillionaire.html). Go and read if you will, and answer the question yourself. It is very fascinating because we will get to see why only persons 20% get to share the 80% of wealth. I am not saying that the rest us should aim to be billionaires. No way Jose! The reason I question you to read that article is because perhaps, we can learn something in this area them in the hope that we can learn too on how to invest our money. Then, you will believe FunkyTeacher.com that MONEY DOES GROW ON TREES!

Source: In this area Investment

Share and Enjoy: