Houses
On average how much of their household realized income each year do they invest
On average, we invest nearly 20 percent of our household realized income each year.
how may households in america are considered wealthy
only 3.5 million (3.5 percent) of the 100 million households in Amer-ica are considered wealthy.
what is the median household net worth for everyone in the us
The median (typical) household in America has a net worth of less than $15,000, excluding home equity.
Are they fairly well educated?
As a group, we are fairly well educated. Only about one in five are not college graduates. Many of us hold advanced degrees. Eighteen percent have master's degrees, 8 percent law degrees, 6 percent medical degrees, and 6 percent Ph.D.s.
Do they think education is important even for their children?
As a group, we believe that education is extremely important for ourselves, our children, and our grandchildren. We spend heavily for the educations of our offspring.
percentantage of millaiores househols are married
95 percent of millionaire households are composed of married couples,
In this book what net worth do they define as a wealthy person
In this book we define the threshold level of being wealthy as having a net worth of $1 million or more.
what is the median household net worth for millionaires
The typical (median, or 50th percentile) millionaire household has a net worth of $1.6 million.
How much do they work?
About two-thirds of us work between forty-five and fifty-five hours per week.
What percentage of their children and spouses attend a private school
Only 17 percent of us or our spouses ever attended a private elementary or private high school. But 55 percent of our children are currently attending or have attended private schools.
What is their average household net worth
They have an average household net worth of $3.7 million.
What is wealth and how is it different from income
Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.
what are PAWs
PAWs are builders of wealth-that is, they are the best at building net worth compared to others in their income/age category. PAWs typically have a minimum of four times the wealth accumulated by UAWs.
what percentage of all the us households are in the million-dollar network league
Only about 3.5 percent of all u.S. households are in the million-dollar net worth league.
Affluent people typically follow a lifestyle conducive to accumulating money. In the course of our investigations, we discovered common denominators among those who successfully build wealth.
They live well below their means. They allocate their time, energy, and money efficiently, in ways conducive to building wealth. They believe that financial independence is more important than displaying high social status.
What are two strong determinants of how much a person should be worth
A person's income and age are strong determinants of how much that person should be worth. In other words, the higher one's income, the higher one's net worth is expected to be
what percentage of millionaires are homeowners and what is the average cost of their homes
Most of us (97 percent) are homeowners. We live in homes currently valued at an average of $320,000.
what is go to hell fund
We have a "go-to-hell fund." In other words, we have accumulatedenough wealth to live without working for ten or more years.
How do you determine your net worth?
Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be.