....GOOD, BAD & UGLY FACES OF WEALTH...  The "World Wealth Report" is a report on individuals with a net worth of at least $1 million in all assets except their primary residence. The report is compiled annually by Capgemini for Merrill Lynch. ....THE "WORLD WEALTH REPORT" HILITES....   High net worth individuals are defined as those with over $1-million (U.S.) in investable assets and financial services firms from around the globe. The number of high-net-worth individuals in the world grew by 17.1% in 2009 (where was the recession in the life of these peoples), to 10 million. The combined wealth of those individuals rose by 18.9% (how can one make so much money in a world recession )to an estimated $39-trillion. The U.S., Japan, and Germany account for 53.5% of the world's high-net-worth population (although their combined population is a small fraction of the world population).   ......COMPARE THE INDIVIDUAL HIGH NET WORTH TO THE NET WORTH OF THE WORLD..... And you will start wondering why half of the peoples on this planet earth are living hand to mouth daily and/or get only one meal a day.....    From  GetMoneyEnergy web site: The entire world officially owes itself more money than it can produce in the form of equity assets. Of course, the calculation might be meaningless, since the numbers are an aggregate of the nations involved, and it doesn’t make sense to imagine the world not being able to pay itself back. But it’s still a thought-provoking state of affairs. According to a recent report in the Financial Post on the precarious pressure-cooker that is the current bond market, total world debt in the form of bonds is equivalent to about $82 trillion dollars USD. The number nearly tripled since 2001 (when it was only $33 trillion U.S.). Compare total debt with total assets: the total value of world equity markets amount to only $44 trillion dollars in USD equivalent. The world thus has a negative net worth of about -$38 trillion measured in USD. I’m not too sure what exactly this indicates, other than, perhaps, the amount of inflation ready to leak into the global system. All these bonds are so much money “printed.” Most of it belongs to the United States, as we all know. Greece is barely a pebble on the beach. ....WHY PVAF IS PUBLISHING TODAY'S NEWS STORY... (The following write-up and comments in smaller fonts in this news story and the entire news story has been compiled and contributed by Champaklal Dajibhai Mistry of Edmonton, Canada, who in 1999 pioneered the PVAF program "Remove Poverty Through Education".....based on his life education and life experience gained and through his consulting business in which he has worked for about 40 years as a business owner, Professional Engineer and Project Manager representing Project Owners on many community development programs to remove poverty through community infrastructure development revolving around life education in Africa, Ontario and Alberta) PVAF's primary reason for existence since its self-birth is a hope that one day PVAF can say it tried and tried and tried to remove poverty among earthlings for the next 3 generations of humankind (it takes at least 3 generation to create a social change among humankind)...Poverty afflicting humans are as many and more as there are human tribes on this planet earth...and poverty can be generally classified as whatever created suffering to a human in his/her physical, intellectual, emotional and spiritual well-being and welfare of his/her existence in a life-travel.....PVAF has been sharing knowledge on this web site in all these four aspects of human life and overall existence in the grand scheme of all creations in this universe...... This sharing includes the continuing education about the vEDik time era called kli-yug that the current humanity is living in its 5112nd year of its total duration of 432,000 years...with the knowledge that money and women will be the leading agents of societal life making in kli-yug ....and the percentage of humans living by the rules and regulations of DHARm which is 25 at the start of kli-yug will progressively decrease to about 10 percent when kli-yug ends....This 10 percent population will transit into the next vEDik time era called st`y-yug in which 100 percent of the humans will live by the tenets of DHARm decreasing to 75 percent when st`y-yug ends after 1,728,000 years duration....(Please visit "archived" AASHRAM NEWS articles for knowledge about DHARm and also click here for VEDA section of PVAF to read more about vEDik era and other parts of sciences of life and creation collectively called vED in sNskRUt language...and/or email to Champak Mistry by clicking here to discuss any part of this write-up....) When read together with the above knowledge sharing.....Today's news story hilites the PVAF mandate's seriousness and challenge to be faced in the next 3 generations....The statistics of today's new story is very revealing in the fact:      - that the most of the wealth in the current world is in the hands of 0.16 % of the total world population....and      - more scarier fact is that most of the world wealth is also negative asset meaning the net worth of the current world is a debt.....that means it is not the real wealth compared to having hard cold cash or gold or tangible assets which can be converted to cash.... With the above two realities how will ever the majority of the people in the world ever have a chance to be what is currently the golden dream of even being "middle class" peoples who have a comfortable life through a well paying job...... On behalf of PVAF I invite for your comments on today's news story and my brief take above....Just click on the button "POST A COMMENT' in the header of this news and share away...most gladly how the challenge of eliminating poverty among humanity will be overcome....If you wish you can email your sharing for publication on this AASRAM NEWS page by clicking here.... You are invited also to join the PVAF volunteers who are current generation and half highly educated and pro-active and "out of box thinking" minded professionals around the world who are working with the PVAF PROGRAM "TO REMOVE POVERTY THROUGH EDUCATION"....Please click here to find out how, what, when and where of joining this PVAF Volunteer Force.....     Please click on the next line to read the full story of today's news....and also learn all the details on what it means to be a "millionaire" in today's world.....

......TAKE A LOOK AT WHAT IS RICH AND POOR AND SEE IF YOU CAN SMILE ALTHOUGH REALIZING THE TRUTH ABOUT RICH AND POOR.... (From website: empoweredMillionairesIndia) One day a father of a very wealthy family took his son on a trip to the country with the firm purpose of showing his son how poor people live. They spent a couple of days and nights on the farm of what would be considered a very poor family. On their return from their trip, the father asked his son, How was the trip? It was great, Dad. Did you see how poor people live? the father asked. Oh yeah, said the son. So, tell me, what did you learn from the trip? asked the father. The son answered, I saw that we have one dog and they had four. We have a pool that reaches to the middle of our garden and they have a creek that has no end. We have imported lanterns in our garden and they have the stars at night. Our patio reaches to the front yard and they have the whole horizon. We have a small piece of land to live on and they have fields that go beyond our sight. We have servants who serve us, but they serve others. We buy our food, but they grow theirs. We have walls around our property to protect us; they have friends to protect them. The boys father was speechless. Then his son added, Thanks, Dad, for showing me how poor we are. author unknown ......And now today's news story which could be an awakening call of all rich and poor... .....THERE ARE ONLY 10 MILLION HIGH NET WORTH PEOPLES AMONG 6 BIILION PEOPLES ON PLANET EARTH IN 2020.... .....And these world’s wealthiest playing it safe with investments..... (From: Canadian Globe and Mail: August 3, 2010: By  Thane Stenner) Thane Stenner is founder of Stenner Investment Partners within Richardson GMP Ltd., as well as director, wealth management. He is also bestselling author of ´True Wealth: an expert guide for high-net-worth individuals (and their advisors)’. He can be reached at thane.Stenner@RichardsonGMP.com When I got into this business more than 20 years ago, there wasn't really a high net worth market per se. Yes, there were wealthy people. And of course, there were financial professionals who served them. But they did so quietly, largely operating behind the closed doors of private banks and boutique investment management firms. Unsurprisingly, this confidentiality resulted in a kind of “knowledge gap.”      - Wealthy people didn't always know what their peers were doing to protect their wealth. Firms didn't always know what wealthy people wanted from them.      - Professionals had to rely on intuition and guesswork to determine exactly how to serve the affluent. In the years since, there has been a great deal of attention paid to high net worth (HNW) individuals, and a great deal of research done on the way wealthy people think and invest. Of that research, some of the best has been done by my former colleagues at Merrill Lynch, who, along with co-publishers CapGemini Group, are responsible for the annual World Wealth Report (WWR). You can download a free copy for yourself at capgemini.com. Now in its 14th year, the WWR surveys high net worth individuals (which it defines as those with over $1-million (U.S.) in investable assets) and financial services firms from around the globe. Those findings are supplemented with third-party research (our group has contributed research on the Canadian HNW population for several years now), resulting in a kind of snapshot on the state of the world's wealthy in any given year. There are several insights that resonated with me as I reviewed this year's report. But the one that really stood out was the observation that the psyche of the world's wealthy has changed. The financial crisis and subsequent recession has changed the way HNW individuals think about wealth and investing. Since the onset of the crisis back in 2007, wealthy investors have become a lot more cautious with their money, seeking out investments that offer cash flow and capital protection rather than all-out growth. This is the financial equivalent of hitting for doubles and singles rather than for home runs. At the same time, there's more to this change than simply a shift towards a more conservative investment approach. As the WWR notes, the events of the past several years have led to several notable changes in the way wealthy people manage their financial affairs:     - For one, the wealthy are now taking a more “hands-on” role with their finances, and are actively re-evaluating their relationships with their current wealth advisers.      - They are placing a greater emphasis on risk management, and are asking professionals for detailed “what if” analysis on proposed investments and asset allocation models.      - They are demanding independent investment advice, and are cross-checking the advice they receive from their own advisers against other sources.      - Finally, they are insisting on greater transparency from their wealth advisers, so they fully understand the performance, risks, and fees of a particular investment before they buy. The above are steps that all investors should take to protect their wealth, no matter what their net worth. Furthermore, any professional worthy of the name should welcome the opportunity to validate the strategies and products they recommend to clients – that's how we demonstrate our value. All that said, I can't help but wonder whether these changes are indicative of a deep-rooted skepticism that's taking root among the wealthy population. Speaking from my own experience, many of the wealthy individuals I've met over the past several months seem more wary and guarded than before. While they generally remain positive about the long-term health of stock markets, their optimism is more muted. They are less likely to accept what financial institutions, regulators, and analysts say at face value. I sense they will not soon forget the experiences of the past several years. .....And now continue reading about THE Other notable findings from the 2010 World Wealth Report.... •Population of wealthy individuals has grown – The number of high-net-worth individuals in the world grew by 17.1% in 2009, to 10 million. Canada is home to an estimated 251,000 of those, up from 213,000 in 2008. •Wealth has grown too - The combined wealth of those individuals rose by 18.9%, to an estimated $39-trillion. •Ultra high-net-worth population holds disproportionate amount of wealth –Ultra-high-net-worth individuals (those with investible assets of US$30-million or more) account for 35.5% of that wealth, while representing only 0.9% of the total high-net-worth population.   •Global high-net-worth population remains highly concentrated – The U.S., Japan, and Germany account for 53.5% of the world's high-net-worth population. •Global mindset – More high-net-worth individuals are investing outside their “home regions” in search of more attractive growth opportunities, specifically emerging markets and the Asia-Pacific region. This trend is expected to continue into 2011 and beyond. •Cautious rebuilding – The wealthy are cautiously rebuilding their portfolios. Equity holdings remain below pre-crisis levels, but they did bounce back from the previous year, accounting for 29% of the average HNW portfolio, up from 25%. Cash levels declined, while fixed-income holdings rose. •Structured products remain popular – Among alternative investments, structured products that offer capital guarantees remain popular, accounting for about 20% of alternative investment purchases (that number is significantly higher in some countries, most notably Japan). •Demand for “passion investments” still down – Demand for art, jewelry, and other collectibles has yet to return to pre-crisis levels, although demand was up from 2008. •Spending on luxury consumables varied – High-net-worth individuals in North America reduced spending on luxury items, but spending in China, Brazil, and other markets increased. China now accounts for 49% of luxury-market growth. •“Giving while living” a growing trend – the wealthy continue to incorporate philanthropy into their ongoing wealth accumulation and capital preservation plans.   .....And now you can continue to learn ABOUT THE MEANING OF BEING A MILLIONAIRE IN TODAY'S WORLD BY CLICKING HERE....

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