Cascade Crew

[QwkTrip]

Some more fun facts. Sorry, but I'm an engineer so I do consider it fun looking up this info.

1. Typical millionaire saves 20% of income and lives well below their means. 79% of millionaires have at least one account with a brokerage company but tend to make their own investment decisions.
2. 80% did not receive inheritance.
3. 2 of 3 still working are self-employed
4. Most have dull & normal businesses. Welding contractors, auctioneers, rice farmers, owners of mobile-home parks, pest controllers, coin and stamp dealers, and paving contractors.
5. Most make about $130K per year. The top 13% of millionaires skew the average very high.
6. Typical net worth is $1.6M. Again, the top few skew the average high for an average of $3.7M.
7. Most have an emergency fund to live a year or more without income.
8. They live in your neighborhood. They have 6.5 times the level of wealth of their non-millionaire neighbors. Could it be the neighbors chose acquiring possessions instead of saving?
9. 4 of 5 have college degrees. 18% have Master degree, 8% have law degree, 6% have medical degree, and 6% have Ph.D.
10. Most are a tightwad. For example, most this information was obtained because they were willing to complete a 2 hour questionnaire for a $1 bill.

[Dewey316]

I did some pruning of this thread. I suggest those involved with the posts that got deleted heed Schultzy's advice, and change the subject, and take it up privately.

[RSFreak]

[Dewey316]