1,000 Millionaires Tell You How They Got Rich

Core Insights - The survey conducted by "The Money Guys" revealed that millionaires often achieve wealth through disciplined saving and investing rather than high salaries [1][3]. Wealth Accumulation - The median net worth of the surveyed millionaires was $2.2 million, with most between $1 million and $5 million, while the median income was $250,000 per year, with 12% earning less than $100,000 [3]. - Nearly half (58%) of the millionaires started saving before the age of 30, and 43% saved and invested at least 25% of their gross income [6]. Education and Debt - A significant majority (77%) of the millionaires attended public schools for K-12 education, and 69% went to public colleges, with nearly 90% graduating without overwhelming student debt [4][5]. Spending Habits - Around 60% of millionaires paid cash for their last car, and 84% drove their first car for seven or more years, indicating a preference for avoiding status symbol purchases [7]. - The median home value for these millionaires was about $650,000, which accounted for only about 25% of their total net worth [8].