"The Millionaire Next Door" is my Favorite Wealth Building Book!
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It is estimated the lack of financial literacy, cost Americans ~ $300 billion in 2018, or three Bill Gates’ fortunes. While financial literacy is not rocket science, 63% of Americans are considered "financially illiterate." People who are financially illiterate have difficulty applying financial decision-making skills to every day real-life situations. SO WHAT EXACTLY IS FINANCIAL LITERACY? Financial literacy is understanding all aspects of money, such as: taxes, savings, paying bills, retirement, budgeting, paying for ...
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Did you know- Millionaires, make up roughly 7% of American households? US Millionaire Traits• Sixty-seven percent own their own businesses. Not terribly exciting businesses: Welders, Lawn Care, Pest Control, Painters, Electricians, Plumbers, Owners of rental properties-commercial and residential, etc• Eighty percent have a college degree, but often own businesses with little relationship to their formal education.• Ninety-seven percent own their own home• They are FRUGAL and live well below their means. They ...
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