10 Best Personal Finance Statistics Of Millionaires

Last Updated by Neiko Johnson on 
May 9, 2022
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Do you want to be a millionaire?

It's not an impossible goal, but it does take some work.

In order to become a millionaire, you need to learn how they save money, invest money, spend money, and give money.

That's why we've gathered the best personal finance statistics of millionaires in this article.

So whether you're just starting out on your personal finance journey or you're looking for ways to improve your wealth, read on for the 10 best personal finance statistics of millionaires!

1. 84% have a college degree

84% of millionaires have a college degree, which is significantly higher than the general population. This shows that if you want to be a millionaire, you need to be willing to invest in your education. A college degree can help you learn the skills you need to save and invest money wisely.

A college degree is not necessary to become a millionaire but it gives you more knowledge and management skills to navigate life.

While a college degree is not a guarantee of success, it does give you an edge over those who don't have one.

If you're looking to become a millionaire, invest in your education and get a college degree. It could be the key to your success!

Personal finance statistics are important to understand so you can leverage them while on your journey to success.

2. 86% didn't inherit any money

The majority of millionaires (86%) started with nothing, which proves that it is possible to achieve wealth from humble beginnings.

If you're starting out with nothing, don't be discouraged. You can still become a millionaire if you're willing to work hard and make smart financial decisions.

3. 80% didn’t reach wealth until the age of 50

The majority of millionaires (80%) didn't reach wealth until the age of 50. This shows that it takes time and patience to become a millionaire.

If you're not seeing results immediately, don't give up! Keep working hard and eventually, you will reach your goal.

4. 65% of millionaires have at least 3 streams of income

Millionaires know that it's important to have multiple sources of income. That's why 65% of them have at least 3 streams of income.

This diversification helps protect them from economic downturns and allows them to continue making money even if one source of income dries up.

If you want to achieve financial independence, you need to start thinking about ways to diversify your income.

Don't put all your eggs in one basket! Diversify your income streams and you'll be on your way to financial freedom.

5. 88% read at least 30 minutes a day

Millionaires are readers. This personal finance statistic should be an obvious one. You have to continue educating yourself as much as possible.

In fact, 88% of millionaires read at least 30 minutes a day. This gives them the opportunity to learn about personal finance and invest in their own education.

Reading is one of the best ways to improve your knowledge and understanding of personal finance. It can help you learn how to save money, invest money, and give money.

If you want to be a millionaire, start by reading at least 30 minutes a day. It's one of the best personal finance statistics that you can follow!

6. 76% workout at least 4 days a week

Millionaires are a physically active bunch! In fact, 76% of them work out at least 4 days a week.

This helps them stay healthy and in shape, but it also has financial benefits. Working out helps relieve stress, which can lead to rash financial decisions.

If you want to be a millionaire, start by working out at least four days a week. It's one of the best personal finance statistics that you can follow!

Physical activity is not only good for your health but also your wealth.

Start working out today and you'll be on your way to a better financial future.

7. 66% own their own business

Millionaires are a driven bunch and they know the importance of owning their own business. That's why 66% of them own their own business.

This gives them the freedom to make their own decisions and the control to make as much money as they want. It also allows them to set their own hours and work on their own terms.

If you want to be a millionaire, start by owning your own business. It's one of the best personal finance statistics that you can follow!

Business ownership isn't for everyone but it's a great way to become a millionaire if you are interested in entrepreneurship.

8. 48% invest in the stock market

Millionaires know the importance of investing in the stock market. That's why 48% of them invest in stocks.

This allows them to make money when the stock market is doing well and protects them from losing money when the stock market is doing poorly.

If you want to be a millionaire, start by investing in the stock market. It's one of the best personal finance statistics that you can follow!

The stock market can be a great way to grow your wealth but it's not without risk. Do your research before investing and always remember to diversify your portfolio.

9. 78% started out as middle class or poor

Millionaires come from all walks of life. In fact, 78% of them started out as middle class or poor.

This personal finance statistic is important to remember. It shows that anyone can become a millionaire if they work hard and make smart financial decisions.

If you want to be a millionaire, start by remembering that most millionaires started out just like you. They were middle class or poor and they worked hard to get where they are today.

You can do it too!

Remember, anyone can become a millionaire if they make smart financial decisions and work hard. You can be one of them!

10. 86% are married and 65% are in their first marriage

Millionaires are a pretty monogamous bunch. In fact, 86% of them are married and 65% are in their first marriage.

This personal finance statistic is important to remember. It shows that millionaires have found someone they can trust and stick with through thick and thin.

If you want to be a millionaire, start by finding someone you can trust and stick with them. It's one of the best personal finance statistics that you can follow!

A strong marriage is a great foundation for a strong financial future. If you want to be a millionaire, start by finding your soulmate.

There you have it! The personal finance statistics that every millionaire follows. If you want to be a millionaire, start by following these statistics. They will help you save money, invest money, and make smart financial decisions.

Thanks for reading! I hope this article has helped you learn more about personal finance and how millionaires save, invest, and spend their money.

Do you have any personal finance tips that have helped you succeed? Please share them in the comments below!

Article written by Neiko Johnson
Neiko is a personal finance expert and Co-founder of Secret to Finance. Along with his wife Alexis, they learned how to get out of debt and paid off $400,000 in 4 years.

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