So, what percent of the millionaires who live in homes valued at under $400,000 are happy? More than 9 in 10 (91 percent) indicate that they are extremely satisfied with life. Yet only one in twenty have a wine collection. Happy people tend to live well below their means. I have found this to be the case in all of the studies I have conducted.
Most of the people who make up this low profile millionaire segment never earned very high incomes. In fact, their median household annual realized income (from all sources) of this group was $113,334 at the time they first reached millionaire status.
In regards to millionaires who live in homes valued under $400,000, ninety-two percent are married. In 90 percent of the cases, the male head of household is the major breadwinner. Fully 62 percent of those who are married have never been divorced. The median value of their home is $293,214. Their median realized household income from all sources in 2006 was $152,193 or more than one-half the current value of their home...
The Low Profile Millionaire Next Door
Most of the people who make up this low profile millionaire segment never earned very high incomes. In fact, their median household annual realized income (from all sources) of this group was $113,334 at the time they first reached millionaire status.
In regards to millionaires who live in homes valued under $400,000, ninety-two percent are married. In 90 percent of the cases, the male head of household is the major breadwinner. Fully 62 percent of those who are married have never been divorced. The median value of their home is $293,214. Their median realized household income from all sources in 2006 was $152,193 or more than one-half the current value of their home...
The Low Profile Millionaire Next Door
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