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> From what i gather, most millionaires (not super wealthy) had relatively common jobs or business and became wealthy through savings. Source?
by Someone1234 8y ago
> From what i gather, most millionaires (not super wealthy) had relatively common jobs or business and became wealthy through savings.
Source?
- toomuchtodo 8y agoI happen to be reading "The Millionaire Next Door" [1], and this has some truth to it (statistical excerpts [2]). Most "working class" Millionaires own a small business and are very frugal, continuing to live below their means after obtaining their wealth. Frugality alone will not help you attain the quoted wealth level, but it is a component (along with a healthy income and/or equity/asset ownership). With reference to "common jobs", that would be limited to high income professions, such as doctors and attorneys. [1] https://smile.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1630762504/ https://smile.amazon.com/Millionaire-Next-Door-Surprising-Am... [2] https://www.washingtonpost.com/wp-srv/style/longterm/books/chap1/millionairenextdoor.htm?noredirect=on https://www.washingtonpost.com/wp-srv/style/longterm/books/c...