Table of contents
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Habits of Millionaires
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Page 2
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Finally, representatives of the public really professions - lawyers or athletes - up in this group secured a minority of Americans. By the way, the people leading the business on their own account for the total number of working Americans 20%. But among American millionaires who own works is called rolling up our sleeves - more than two-thirds!
Interestingly, but, apparently, the Americans are particularly successful in the first generation. They are not inclined to spend on prestigious products as much as native Americans. And much more think about a secure old age. In the US, 12% of the owners of the companies included in the list of five hundred of the most successful enterprises of Inc. magazine (incidentally, the same publication for small and medium businesses) are the Americans in the first generation, that is, were born outside the United States (which, incidentally, roughly equivalent to the share of New Americans).
In addition, the authors found that in families of millionaires (and 95% of them are married) wife, as a rule, too cheap. As one of the millionaires, "I can not force his wife to spend the money!"
One of the conclusions: millionaires become the head of the family, where there is not only a strict family budget, but also maintained tight control of costs. And two-thirds of millionaires said that when planning their financial future, "spend a lot of time."
Portrait of the average millionaire turned out that's how. This is a man of 57 years. He is married and has three children. About half of the wives of millionaires work. And here is the most popular profession - teacher. 97% of families own their own homes millionaires an average cost of $ 320,000 (according to 1996). 20% of American millionaires never attended university, 6% have a doctorate, 8% - the formation of a lawyer, 6% - medical education.
Incidentally, among the organizers of the auction in the US 35% - the millionaires. Maybe the point is that it auctioneers are often faced with someone who was once rich, but went bankrupt and had to sell property?
Seven Rules of millionaires
Here are seven key habits of American millionaires, exposed Thomas Stanley and William Danko of the study:
* Living expenses should not exceed the level of income
* It should be efficient use of time, energy and resources to achieve greater well-being
* Financial independence is more important than the demonstration of high social status
* Millionaires are without the help of parents
* Children millionaires are economically dependent on them
* Millionaires skillfully used the possibility of a market economy
* They choose the right activities
Ethnography
Perhaps the most interesting part of the research devoted to the analysis of the composition of the millionaires on such criteria as the "country of origin". It is clear that in most cases proved a mixed ethnic origin, so that the answers are more reduced to identity, showing themselves millionaires look at its origin, and not the actual genealogy.
Incidentally, this is why in the United States nearly 20% of households consider themselves natives of Germany and only 10% - from Britain (without Ireland and Scotland), although this is nothing more than a tradition, passed on from generation to generation. Immigrants from Russia account for only 6% of the total number of American millionaires.
But more than 22% of them have become millionaires (remember that the average percentage of millionaires in the USA - 3, 5%, that is, on average, immigrants from Russia six times more likely to become millionaires than Americans). This is the highest rate among all ethnic groups in the United States. Of course, there is need to do a lot of reservations, since at least the fact that the data presented in the book, dated 1997.
In addition, the ethnic composition of immigrants from Russia are not limited to Russian because Russia - a multinational state, and often emigrated just minorities - Jews or Armenians. But be that as it may, people from Russia got the best results.
This demonstrates the high level of entrepreneurial spirit, and perhaps talking about the need for more active cooperation ethnic homeland with those who live abroad and falls into the category of millionaires. Finally, all statements to the effect that the Russians do not know how to do business on the background of such statistics look ridiculous.
Do not spend and invest!
Well, American millionaires live relatively modestly. But how, then, they are using their money? The answer is simple. Instead of spending money on themselves, people who have become millionaires, money - invest. On average, each year an American millionaire invests about 20% of their income. 79% of millionaires have a score of at least one brokerage firm.
At the same time, more than 20% of the wealth of American millionaires due to the shares of their companies. In terms of American millionaires have so much money that they can, without changing their habits, to live 12 years without working. However, more than two thirds of millionaires work hard - from 45 to 55 hours a week.
However, the millionaires not only invest, but, of course, receive the income from the investment. Thus, the average income per household in half the cases is $ 131,000 for (average,) the total wealth of $ 1, 6 million. But let us return for a moment to the ethnic features.
As shown by research by Stanley and Danko, the most economical and effective are the Scots. Judge for yourself. Income 60% of families of millionaires, leading descended from the Scots, is less than $ 100,000 a year. This is the lowest level of income for all ethnic groups of millionaires. But if such incomes Scots become millionaires?
The fact is that the typical "Scottish" family with an annual income of $ 100,000 a year living as well as the average American family with an income of $ 85,000. But investing "Scots" with a family income of $ 100,000 the same as American families with an income of $ 150,000. Simply put, it is the successful investments made wealthy Scots.
The conclusion that we do already without prompting researchers habits of American millionaires, is as follows.
When Russian people with the money will start en masse to understand that money does not need to spend and invest in the country will begin an investment boom. And the one who is ready for it, will be able to put together his fortune to maintain the boom.
The book is brought to life by this article, called "Your neighbor - a millionaire." And this is no accident. After all, the study authors found that the millionaires in the United States do not live marginalized groups. And do not look particularly rich.
This means that each neighbor, the average American may not be less than the ordinary millionaire. As much as it may look unpresentable.
Author: Leonid Malkov
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