You Have More in Common With Millionaires Than You Think

Hey there, do you ever wonder where wealth comes from?

It’s a confusing topic for most people.

I used to think that working hard and sacrificing was the only way to become wealthy. But I also believed that you had to be born into or inherit it.

It wasn’t until my 30s that I realized these two beliefs were completely contradictory!

Nowadays, I hear a lot of people say that you have to be an entrepreneur to become wealthy and that you’ll never make it working a 9-to-5. Others think that wealth is reserved for those with Ivy League educations and the very best job opportunities.

But here’s the thing, even those with high net worth statements and six-figure salaries don’t always consider themselves “wealthy.”

So, who are the average millionaires?

Well, most individuals with a net worth over $1 million are actually the first in their family to be wealthy. And get this: 80% of wealthy individuals never received an inheritance, and 33% of millionaires never earned a salary over $100K. Only 22% of millionaires own a business, while 80% built their wealth in a boring old 401K.

So here’s another surprising stat: only 42% of wealthy individuals have college degrees.

Feeling better about your prospects now? You should be!

Building wealth is possible, no matter how you define it. So don’t get discouraged, keep saving no matter the amount. Just do it and keep doing it.