As of 2022, only 6.7% of Americans are millionaires. This means 93.3% of Americans are not. What do millionaires do differently than those who are not?

In 2022 there were 22.71 million people who were millionaires in the USA. China had 6.23 million. France had 2.82 million. For the USA specifically, this represented 6.7% of the population.

So what do the 6.7% of millionaires do differently than the 93.3% of people? Let’s find out…

I came across a very interesting article going over 10 things that the average millionaire does differently than everyone else. This article covers the average millionaire. Not the tech founder who has $500 million. Rather the accountant who has $2 million. The teacher who has $1.7 million. The sales manager who has $4 million. What are the 10 things they do differently than most?

1. They spend more time studying & planning for investments. Always polishing their financial literacy.

2. They read more than the average person. Books on successful people & personal development.

3. They think bigger. There is power in thought. If you can believe it, you can achieve it.

4. They don’t follow the crowd. To be in the top 6.7%, you have to do what 93.3% of people don’t.

5. They never give up. If a business fails, they get back up & try again. Perseverance.

6. They are consistent. Each day, each week, each month they do the things they know need to get done in order to get where they want to be.

7. They invest their income. Whether it is 20% or 80%, a portion of every paycheck is invested into assets to build wealth.

8. They delay gratification. Instead of spending everything they make, they buy assets first. Patience is key.

9. They understand it will be tough. Nothing in life worth having usually comes easy. But it is probably worth it. They keep going.

10. They have a wealthy mindset. Most things on this list above focus on mindset over numbers. If you believe it can be done, put in the work, get back up if you fail & keep going, it can be done. Change your habits = change your future.

I find these studies interesting because it gives us a glimpse inside the mind of millionaires & how they think. Now ask yourself, how can I replicate this in my own life? Maybe you can implement some of these ideals to find success in your own finances.

& if you think it can’t be done, it can. According to a study by Fidelity, 88% of millionaires are self made. Meaning you can become a millionaire in your life time. You just have to believe & get to work.

Real quick, my podcast called The Decade Investor Podcast releases a new episode every Monday & Wednesday. This week I dropped two new episodes:

1. Hitting $100,000 invested at 25 | Conversation with Investment Kage

2. The 5 Step Money Plan for 2024

You can listen to them on any podcast playing app here: https://thedecadeinvestorpodcast.buzzsprout.com/share

I want to help you too. I will be able to help you… soon. Stay tuned, I have something coming VERY SOON that will revolutionize the game for Decade Investors.

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I am team no excuses in 2024🙂 

Thank you so much for reading & I will see you next week! Until then, keep buying assets.🙂 

- Decade Investor