How Do Millionaires Make Their Money? | Millionaire Investor Habits

How Do Millionaires Make Their Money shares how millionaires become millionaires: Did they choose winning stocks? You might be surprised on how these millionaires invested. Here is my Ultimate RISE Wealth Plan: https://retirecertain.com/rise/​ Camille Gaines, AFC Wealth coach Accredited Financial Counselor ---------------------------------------------------------------- Study on how millionaire investor habits and success done by one of Dave Ramsey's companies, Ramsey Solutions, showed the following investment strategies millionaires used to build wealth. -8 out of 10 millionaires invested in their company’s 401’s -but 3 out of 4 millionaires invested outside of company retirement plans. -none said single-stock investing was a big factor in their financial success -The millionaires in the study became millionaires by consistently saving and investing over time and were not millionaires from stocks alone. -worked, saved and invested for an average of 28 years before millionaire -Most of them became millionaires by age 49 so it is encouraging for those looking to become millionaires by 50. -49% live on less than they make, and nearly 3/4 of the millionaires have never carried a credit card balance in their lives; they had good personal finance habits. Their lifestyle supported living within their means; they spent less than they made. -the majority didn’t grow up around a lot of money. 8 out of 10 come from families at or below middle-income level. Only 2% of millionaires surveyed said they came from an upper-income family. -The majority of millionaires didn’t have high-level, high-salary jobs. Only 15% of millionaires were in senior leadership roles, such as vice president or C-suite roles (CEO, CFO, COO, etc.). Top 5 millionaire jobs were: • Engineer • Accountant • Teacher • Management • Attorney -Almost 2/3 of millionaires graduated from public state schools (88%) of millionaires graduated from college, (52%) earned a master’s or doctoral degree I have to wonder how diff this study will be in 25 years with internet and opportunities from self employment Most of the research provided was based on a study by Ramsey Solutions https://www.ramseysolutions.com/retir... _______________________________________ Retire Certain is about alternative retirement strategies from income generating assets and wealth building. Be sure to Subscribe, Click that little Bell after you subscribe so you know when I post a new video, and leave a comment or question. Find resources and little seen alternative retirement planning and strategies at https://retirecertain.com/​​​ where I share our crazy income stream after after stumbling into early retirement. Nothing in this video is meant to be taken as personal financial advice. Hire a financial professional if you need one. As a wealth coach, I do not invest for others.