Last year was the 80th anniversary of the publication of the book, Think and Grow Rich, by Napoleon Hill. The book, which was originally published in 1937, has never gone out of print. In other words, at any time during the past 80 years, a person could walk into a bookstore or, in recent years, go on the internet and purchase the book. Very few books have ever succeeded in remaining in print for 80 years.
I recently joined my wife and some of our children at a local theater to see the movie, The Greatest Showman. The movie is a musical about the life of P.T. Barnum. It begins when Barnum is a boy. He is the son of a poor tailor who does work for a wealthy man. The man looks down on Barnum and his father, because of their lower-class status.
Last week, I had an appointment with a man — I’ll call him Jim — who hired me eight months ago to represent him on a personal injury case. As usual, Jim brought his wife with him to the appointment. I’ve met with Jim and his wife on four occasions over the past eight months. Jim was injured when a large truck disregarded a stop sign and collided with his vehicle in the middle of an intersection. Because of his injuries, Jim has not been able to return to work. He’s been without an income for eight months.
It’s Halloween season, and one of the reasons we should be scared is because seven out of 10 Americans are so broke they don’t have enough money saved to cover a $1,000 emergency. These Americans live paycheck to paycheck. They know that if they ever experience a short-term layoff or a medical crisis, they will be in big financial trouble. I meet people all the time in my law practice who are living this way. Most of them are decent, honest individuals who are dedicated to their families.
You may have heard of Gary Vaynerchuk. He was born in the Soviet Union in 1975, and his parents immigrated to the United States in 1978. Gary’s nine-member family started out in a studio apartment in New York and later moved to New Jersey. After arriving in New Jersey, Vaynerchuk’s father, Sasha, purchased a local liquor store.