Page 4 - August 2022

THE
Window of

Opportunity

By Leanne Hoagland-Smith, M.S. OR…

ost of the recent U.S. news highlights
inflation. Many have personally
experienced the results of inflation at
the gas pumps, at the grocery stores,
or dining out at local restaurants.
For some, this is viewed as a
misgiving, a potential limitation, or
Man obstacle to growing their small
businesses. However, as Wayne Dyer has been quoted as
saying: “When you look at things differently, the things you
look at will change.”
Maybe this is why one is taught that more millionaires
are made during a recession or depression than any
other economic times? Finding actual data to support this
statement is not readily available. However, The National
News website indicates that during the COVID-19 pandemic,
more people became millionaires globally in 2020. (Source:
Credit Suisse Investment Bank)
Personally, during 2020 and 2021, I had the best years in
my real estate career. The Governor of Arizona declared real
estate to be an essential business and did not shut it down as
in other states. And no, I didn’t become a millionaire as that is
not one of the goals in my strategic plan.
Upon reviewing history, one can note common individuals
becoming millionaires, but the presumption is often these
folks came from wealthy families. One of the more famous
is Andrew Carnegie. His Scottish family was impoverished
so his family immigrated to the U.S. in 1848. Within a year,
at the age of twelve, he worked as a bobbin boy in a cotton
factory. Similar to other poor Americans, Carnegie became
self-educated in the subjects of reading and writing,
Two years later Carnegie became a messenger for a
telegraph company. This position allowed him to interact
with a superintendent of the Pennsylvania Railroad
Company. In 1853, at age of eighteen, he became the
superintendent’s private secretary and handled all his
personal telegraph correspondence.

4 NBIZ ■ August 2022