In today’s video, we bust some millionaire myths. Because the average American believe most millionaires acquire their wealth through inheritance. Turns out, that is not at all the case. My goal in this video is to show you exactly how the average millionaire gains their wealth, and how they spend it. That way, you can change your actions and change your thinking to do what millionaires do. It’s really simpler than you may think.

MILLIONAIRE SERIES VIDEOS:
1. The first steps you can take towards becoming a millionaire:    • The Expenses That Will PROHIBIT You F...  
2. How much you need to invest per month to hit $1M by 65 based on your age:    • EXACTLY How Much to Invest Per Month ...  
3. How much you need to have invested for $100k per year in retirement:    • Here's How Much You Need Saved for $1...  

In this video, we reference Ramsey Solutions’ massive millionaire study called The National Study of Millionaires. This was commissioned by Ramsey Solutions and conducted by an independent third party so as to ensure total statistical purity. The study looked at over 10k millionaires from all walks of life all across America.

I show you what kinds of lives these millionaires lead: the size of their homes, the types of neighborhoods in which they live. We also look at millionaires’ eduction, the types of students that they were, they types of educations their parents acquired. We look at millionaires’ beliefs about building wealth, and their beliefs on debt. We look at what kind of debt the average millionaire has taken out in their lives. We look at their saving and spending habits like what kinds of vehicles they buy.

And most importantly, we look at their primary and secondary forms of building wealth. Sure, some did inherit some of their wealth. But most actually gained their money through investing in mutual funds.

I loved making this video because it shows that millionaires really are very average people. They don’t tend to be flashy and in fact, they tend to be very frugal overall. They don’t tend to make their money by inheritance or by chance. They tend to grow their wealth slowly over time. Their methods may not be attractive to you, but be assured that what they do, you can do too. You too can become a millionaire just by changing your actions.

Timestamps:
0:00 - Intro
1:09 - Millionaires and where they live
2:08 - Millionaires and their education and upbringing
2:52 - Millionaires and their saving and spending habits
3:52 - Millionaires and Debt
4:26 - Millionaires and their wealth building methods
6:17 - Millionaires and their beliefs about money

#calebbale #millionaire #daveramsey

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Do your own research. My content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional financial advisor when considering your retirement options. Though I teach financial principals, I am not an investment advisor and none of my advice constitutes legal, tax, or investment as a professional. Everything I share is based on my own research and is intended for your benefit. Any financial technology reviews are intended for your benefit. Research each product yourself to determine if they are right for you.

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