Income inequality in the United States has been growing for decades, and a recent survey now indicates that “…four out of five U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives…” as quoted in a recent Huffington Post article outlining the exclusive data published by the Associated Press. Indeed, the current number of poor in this country has reached a record level of over 46 million.
This steady deterioration of economic security endangers the American dream, and economists agree this is very dangerous. That we urgently need to restore the position of the middle class is a widely shared sentiment, yet no one seems able to come forth with a plan.
I believe that the answer is understanding that there are no real forces that move us in the right direction. Personal initiative is a key factor, and my life history shouts the answer. It can be summed up in one word: “Entrepreneurship.” The more Americans who run small and medium-sized businesses successfully, the greater will be the upward transition from poor to middle class. Certainly, the super rich are not motivated to make any changes. While corporate wealth continues to compound, ever-increasing numbers of amoral lobbyists are hired to keep all laws user-friendly for major corporations and the wealthiest 1%.
The truth is we need more entrepreneurs running successful businesses, manufacturing new products, and providing better services. The big problem is how to make this happen. The more entrepreneurs there are who operate productive businesses, the more jobs will be created and more products put into the marketplace. This also applies to entrepreneurs who provide better services. They contribute to a better standard of living for everybody and, at the same time, create a great lifestyle for themselves. I, Jack Nadel, am living proof of the practicality of this statement. I am a World War II veteran who has enjoyed a wonderful, productive life since the day of my discharge from the service in January 1946. In the past 67 years I have enjoyed an extraordinary standard of living that has given me a life of reasonable wealth and comfort.
As a society, we need to do all we can to encourage budding entrepreneurs, and, at age 89, I am anxious to do my part. I have evolved to where I can now pass on what I’ve learned to all those who have a problem earning more money than they spend. I am firmly convinced that the underlying strength of the United States stems from a strong middle class taking advantage of this great land of opportunity.
We must start with the ability to shed the negativity and depression that results from constantly struggling to obtain a decent standard of living. My method starts with an attitude. You must be convinced that what your imagination can conceive, your mind and body can execute. The beginning point is knowing what you really love to do and realizing that most of the time there are people making a very good living doing exactly what you want to do. Then it is simply a matter of figuring out a way to make a profit in this very pleasant endeavor. It must be thought of in terms of today’s needs and the tools that you have available. However, this is just the beginning of the story. The important part is to overcome inertia and get started. Inevitably, new and unexpected doors will open along the way so that your original passion might evolve into a business that brings even greater satisfaction.
To help you prepare, I recommend that you read my book, “The Evolution of an Entrepreneur,” which provides a step-by-step method to get the job done. I want to make my book available to everybody. Therefore, I have established a section on my website, JackNadel.com, which allows you to read enough free excerpts to start you on your way. Also, if you are an American veteran, I am happy to gift a complete copy of the e-book to you at no charge through my Gift for Veterans program. For the rest of you who are interested, I have priced my e-book to fit anyone’s pocketbook at just $4.99. A paperback version is also available at $9.99.
My goal in this probably final chapter of my life is to pass on the legacy of what I have learned and make it available to anybody who is willing to work and contribute toward a better life for all. If I can encourage and assist just a few new entrepreneurs to evolve, then my life’s purpose will be complete.