Millionaires and You

Millionaires & You…!!!

Let us today discuss about the wealth of millionaires & Billionaires and compare that where you stand in this statistics?

According to the data of 1996, nearly one-half of USA’s wealth is owned by just 3.5% households of the country…..

And this statistics remains true today also. It means that 3.5% people of USA owns 50% of the Total Wealth of USA. Most of the other house holds don’t even come closer to it. Surprisingly, most of these households compose of people who earn moderate Income.

According to the data, people having high income (More than US $ 1,00,000 per annum) have small level of accumulated wealth while people having moderate level of Income (US $ 50,000 per Annum) have more accumulated wealth.

This shows that, your Income does not have any relation with your wealthy state. If you earn a lot but spend all of that money, you will remain poor or middle class. But instead, if you earn moderate but spend less and accumulate (Save & Invest) more than you will be wealthy over time.

Your Wealthy state depends on how many Assets you own. It’s not dependent on your income or how much you spend. The more you accumulate assets, the more you will become rich. If you earn a lot, spend a lot but never accumulate assets, you can never be rich and wealthy. But instead, if you earn more, spend less and accumulate assets out of your money, you will definitely become rich and wealthy.

Wealthy people accumulate and hold assets for years, decades and generations and that’s why only 3.5% people of USA own more than 50% of the Total Wealth….!!!!