365: 6 Misconceptions About Millionaires
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 15 January 2018
⏱️ 9 minutes
🧾️ Download transcript
Summary
Learn the 6 things about millionaires you may think are true but aren't.
We learned in Be Wealthy & Smart podcast #286, that $2.4 million is what most American's consider "wealthy". See that podcast for other interesting facts about millionaires.
Link to the Business Insider article is here: http://www.businessinsider.com/fascinating-facts-about-american-millionaires-2017-11/#theyre-not-all-filthy-rich-in-fact-95-have-a-net-worth-between-1-million-and-5-million-1
The link to the Millionaire Next Door book is here: http://amzn.to/2D31rWE
Get "11 Quick Financial Tips to Boost Your Wealth" at http://lindapjones.com.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Be Wealthy and Smart, episode 365. |
| 0:03.0 | I'm gonna live no rich life. |
| 0:06.0 | Rich life. |
| 0:08.0 | I'm pulling that's life. |
| 0:10.0 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.8 | Yeah, I'm full of pay hey time I'm gonna live the good life |
| 0:20.8 | and you're gonna live the good life |
| 0:21.3 | and you're a glorious light Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and |
| 0:30.3 | bosses on be wealthy Wealthy and Smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor. |
| 0:42.0 | Empowering women and Men Worldwide Financial Freedom. |
| 0:46.0 | On today's show, we are going to talk about millionaires and specifically some misconceptions that people have about |
| 0:54.2 | millionaires. There are six of those that I found in a very interesting article |
| 0:58.8 | that I wanted to share with you on Business Insider. This was written by Tansa Loudenbach. I thought this was interesting because sometimes we do get misnomers about millionaires and it kind of can cloud our judgment and cloud what we think it takes to become a |
| 1:15.2 | millionaire and since I'm always trying to show you the easiest path to become a |
| 1:20.2 | millionaire and boost your self-confidence and your wealthy mindset that you can |
| 1:25.6 | become a millionaire, I thought I would share this article with you. |
| 1:30.2 | So it goes like this, the habits and tastes of millionaires are fascinating to those of us with |
| 1:35.2 | less than seven figure bank accounts. According to a report on American millionaires by a wealth engine, |
| 1:42.0 | about 7% of the U.S. adult population has a net worth |
| 1:46.2 | greater than 1 million. So I just want to stop right there. Only 7% of the U adult population has a net worth greater than a million. |
| 1:57.0 | Right there is probably a misconception because I know a lot of people think that everybody's wealthy and they're not or that everybody |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Linda P. Jones, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Linda P. Jones and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.