Afford Anything cover image

Afford Anything

The biggest study of everyday millionaires in 25 years - with Chris Hogan

Jan 7, 2019
01:31:49

#171: Chris Hogan surveyed 10,000 millionaires in the United States. Here's what he discovered:

- 89 percent of millionaires have a net worth between $1 million to $5 million dollars

- 62 percent graduated from public state schools

- 9 percent didn't graduate from college

- Close to 50 percent had a B average or less in school

- 55 percent give to charities and churches on a regular, monthly basis

- 73 percent never had a penny of credit card debt

- 18 percent are self-employed

- 62 percent earned a household income of less than $100,000 annually

- 80 percent exercise at least three times a week.

On average, their homes are 2,600 square feet, and they've lived there for an average of 17 years. Two-thirds have a paid-off mortgage. They paid off their home on average in 11 years.

Their net worth breaks down as one-third their home, and two-thirds their investments. They became millionaires at the average age of 49.

They spend, on average, $35 on a pair of jeans.

 

What can we learn from these everyday millionaires? Find out in today's episode! For more, visit https://affordanything.com/episode171 

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode