4.6 • 682 Ratings
🗓️ 6 November 2023
⏱️ 6 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. Spoiler alert, guys, |
0:08.0 | the research on millionaires, the airtight research, the methodology was so pure and so good |
0:13.8 | on this research that if you disagree with the conclusions of the researcher, what's known as wrong. |
0:20.5 | Okay. |
0:24.2 | In other words, these are facts, data-based facts. |
0:29.3 | They're not feelings from your Karl Marx-induced college professor. |
0:30.7 | Okay? |
0:32.6 | These are actual facts. |
0:39.8 | 79% of America's millionaires inherited precisely zero. |
0:49.0 | 5% of America's millionaires inherited a very small amount, like $5,000 from grandmother, |
0:52.7 | but not enough to make them mathematically a millionaire. |
0:57.8 | It was an insignificant small amount, but they did technically get an inheritance. |
1:07.3 | Another 5% inherited money that was substantial like that last caller, or caller before, no, the last caller, |
1:10.6 | after they were already millionaires. |
1:14.9 | So did not become millionaires because of inherited money, but enhance their wealth after they were already millionaires. |
1:17.2 | So let me help you with that. |
1:18.6 | 790, 5 small, 5 after. |
1:22.4 | 79 plus 5 plus 5 is 89%. |
1:25.6 | That's 9 out of 10 of the current approximately 15 million millionaires |
1:32.9 | in North America became millionaires not because of inherited money. |
1:40.3 | Do not let people tell that lie in your presence because when they tell that lie they are spreading |
1:49.1 | hopelessness they are stealing hope from people because if you know that nine out of ten |
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