We are millionaires – here is a snapshot of our lives

In my five -year -old Rich Habits study, I got to know my millionaires very well. They had a lot in common. Below is a snapshot of a typical millionaire from my study:

• We are really rich. We are at least $ 3.2 million worth. 16% of us are more than $ 5 million worth. We earn at least $ 160,000 a year. Half of us earn close to $ 500,000 a year.
• We are not young. 80% of us are 50 years of age or older.
• It took us a long time to gather our wealth. On average, it took 32 years to get rich as a spare investor, 22 years as a big company’s climbing, 21 years as virtuoso and 12 years as an entrepreneur.
• We like our job. 86% of us like what we live for. 61% of us pursued a dream or a thing we are passionate about. Those of us who persecuted some dream became millionaires of about 12 years and, as a group, have an average net worth of $ 7.4 million.
• The richest among us had successful mentors who taught us what to do and what we should not do. It turns out that it turns out that it is the quick trace of success and wealth.
• We read every day to learn. 88% of us read every day to increase our knowledge to our jobs. 85% of us read at least two books a month. 63% of us listen to audiobooks or podcasts while commuting to working, training or working in our backyards. We do not read for entertainment. We are considering entertainment that reads a time -playing habit to be done in moderation.
• Most of us are self -made. 31% of us were raised in a poor home. 45% of us were raised in a middle -class home. Only 24% of us inherited a good amount of money from our parents, which contributed significantly to being wealthy.
• We have many good habits and get bad habits. 73% of us got our success habits from our parents. The rest of us got our success habits from mentors or school of hard knocks.
• We are competitive. 63% of us played sports in high school and continued to play competitive sports as adults.
• We are in good health. We train almost every day. 76% of us train at least 30 minutes a day, 4 days a week. Most often we like to jog, ride or cycle. We see what we eat every day. We don’t eat much junk food. We do not often go to fast food restaurants. We do not eat candy very often. We are not drunk very often. We don’t make drugs. We floss every day. We sleep at least 7 hours at night. We don’t smoke.
• We like to mentoring others. We like to help others succeed in life.
• We are charitable with our time and money. 72% of us volunteer 5 hours or more a month to local non-profit. We also give money to these same charities. Many of us help run local, community -based charities. It is one of the ways we get to know other successful people in our community. Many of them are our friends and we deal with them.
• We all have financial advisers. We jump everything from our CPA. We also have lawyers. Many of us are Home Depot Investors – we like to choose our investments ourselves and then jump them from our financial advisers.
• We are happy.
• Same house, same wife and same car. 64% of us our own modest homes. We have owned our home for at least 20 years. Very few of us get divorced. We drive old cars. Most of the time we buy good used cars. We almost never rent a car.
• We are planning our day. 81% of us hold a to -do list. Many of us also hold a tot-not-list thing we should not waste our time on.
• We vote. 83% of us vote at each election.
• We don’t spend a lot of money on holidays. 96% of us spend less than $ 6,000 a year on holidays. 41% of us spend less than $ 3,000 a year.
• We wake up early every day. 44% of us wake up at least 3 hours before our work day actually begins.
• Apart from the savings investors, we are the boss at work. 91% of the major corporate climbers, virtuoso and entrepreneurs are decision makers. We are one of these: teachers, owners of small businesses, CEO, senior leaders, CPAs, lawyers, doctors, financial advisers or sellers.
• We are sparse. At least savings investors and virtuoso among us.
• We went to college. 68% of us went to college. 56% of us worked us through college. 25% of us went to graduate school.
• We are not afraid to take risks. 63% of us took a risk of getting rich. 27% of us failed at least once in business.
• We work a lot. 73% of us work on average 58 hours a week.
• We love to pursue goals. 80% of us are focused on a main target at all times.
• We don’t get mad or anger. We have mastered our feelings. That’s why we have so many strong conditions – people want to connect us and do business with us.
• We are related to other successful people, people who pursue success or people who are optimistic and optimistic and have something on the ball. We do not hang out with negative people or people who complain all the time. We avoid negative, toxic people like the plague.
• We almost never gambl. 84% of us never gambling.
• We believe in the American dream. Our parents enrolled it in us. We live the American dream. We believe that we are the architects of our lives. We take responsibility for creating the life we ​​have.
• We comply with the laws. 99% of us have never been arrested.
• Many of us built teams to help us succeed. 84% of us, except for the savings investors, have a team of individuals we trust every day.
• We are savers. 94% of us who are savings investors or virtuoso have saved 20% of our income from the first day we started working. All of us have pension savings.
• We have more than one source of income. 65% of us have 3 income flows. 45% of us have 4 streams. 29% of us have 5 streams.
• We don’t watch TV. 67% of us watch less than an hour of TV every day.
• We are optimists. We have a positive mental view of life. This is one of the reasons why we became self -made millionaires.
• We don’t lie, we’re honest. People trust us and will therefore do business with us.
• We were not unusually smart in school. 77% of us were either C students or B students in school. But we became smart after school. We trained ourselves. We never stopped teaching all our adult lives.

Tom Corley

Tom Corley is an accountant, financial planner, public speaker and author of the books “Insert-Less Wealth: Smart Money Habits At All Phases of Your Life” and “Richkids: How To Raise Our Children To Be Happy and Successful In Life”. Corley’s work is shown on CNN, USA Today, The Huffington Post, Success Magazine and many other media and podcasts in the US and 27 other countries. Tom is a frequent contributor to Business Insider and CNBC.

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