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Getting your money mind right is the cornerstone requirement I order to be successful in business in a life.  In this episode we discuss the philosophy that a you must think differently in order to get your money mind properly aligned with success.  Here are some personal financial statistics from The Motley Fool (https://www.fool.com/retirement/2017/03/31/10-incredible-financial-statistics-that-sum-up-the.aspx) :

  1. The average American gross household income is $71,258
  2. The average American household with debt owes $132,529
  3. The average American gave $5,491 to charity in 2015
  4. The average American has a FICO credit score of 700
  5. The average American’s 401(k) balance is $96,288
  6. The average personal savings rate in the U.S. is 5.5%
  7. Only 18% of Americans actively contribute to an IRA
  8. The average American’s tax refund in 2016 was $2,860
  9. The average American pays an effective federal income tax rate of 13.5%
  10. The average American’s Social Security retirement benefit is $1,363 per month

Learn also the top reasons why businesses fail.  The top 5 reasons from Fortune (http://fortune.com/2014/09/25/why-startups-fail-according-to-their-founders/ ) are:

  1. No market need
  2. Ran out of cash
  3. Not the right team
  4. Get outcompeted
  5. Pricing and cost issues