In The American Economy, Stanley Lebergott reviews a study conducted in 1892 of the 4,047 American millionaires. He reports that 84 percent "were nouveau riche," having reached the million dollar net worth in their own lifetimes rather than inherited.|
The millionaire population in the nation is growing almost 20 times faster than the general population For the 1st time in American history, 51 percent of the nation's millionaires fall with the 35-to-54 range, and that number is growing rapidly.
In 1992 the IRS stated there were 1.2 million American millionaires. By the Presidential election of 2000, the number of American millionaires had increased to a total of some 5,850,000 new millionaires. That comes out to an annual average increase of 328,571 new millionaires every year.
The most common traits of self-made millionaires: :They reject conventional wisdom. they understand that you and I were taught wrong & stinking thinking. You personally have almost dead wrong about about how people get rich, where they get their money from, and that it's too tough for YOU personally to do it. I can prove that you're dead wrong about these issues by looking at your bank account. Would you agree that paying A thousand dollars per second to drive a car is an exceptionally stupid thing to do? Last 1.3 Million americans do this… every single month ANOTHERWe live well below our means. inexpensive suits, rarely EVER buy new cars, and cars that cost a whole lot less than you think. It's not about RR's and Mercedes Benz and Ferraris. We know that the overwhelming majority of people who drive Mercedes Benz are not millionaires. they're people who started to earn money, and care more about what YOU think of their car than they do. Isn't that funny?
In more than a hundred wealthy neighborhoods throughout America, the millionaires have more than six and one-half times the level of wealth of non-millionaire neighbors, but these non-millionaires outnumber the millionaires better than three to one. AND WE KNOW WHY !! Trading wealth for high-status material possessions. Thinking more of what YOU think of them than they do of their retirement and pleasures. You need to understand that for the first 4 or 5 seconds that you drive your brand-new car, you are paying up to a thousand dollars per second to drive that new car, because the value goes down about twenty percent as soon as you drive off the lot. A thousand dollars per second to drive a car. You have to be either very rich, or very stupid to do that, wouldn't you agree? Just because up to one million or more Americans are dumb enough to do it month after month after year does not mean that YOU need to be so bereft of intelligence.|
Conversely, people who believe that only the wealthy produce millionaires are predetermined to remain non-affluent
Most people who become millionaires have confidence in their own abilities
Other people are becoming self-made millionaires every few minutes.
Why not you?
Less than 25% drive a current year automobile
Zig Ziglar repeatedly taught and proved in his own life that you can have whatever you want in this life provided you help enough other people get what they want.