4.6 • 682 Ratings
🗓️ 13 September 2023
⏱️ 4 minutes
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0:00.0 | Okay, we did the largest study of millionaires ever done in North America. |
0:10.7 | My friend Tom Stanley, who passed away a few years ago, his daughter Sarah has continued his work, |
0:16.1 | wrote a book in 1992 called The Millionaire Next Door. |
0:21.4 | He studied 750 millionaires. |
0:24.6 | He was a marketing professor at Georgia State University, and he sold eight |
0:28.6 | bazillion of those books and became the millionaire next door. |
0:32.0 | But that book was extremely popular. |
0:35.1 | But the critics, the leftists all said, oh, well, who never take statistics classes. |
0:41.7 | 750 is not a large enough sample size to draw the conclusions of where millionaires really come from. |
0:47.4 | However, it is statistically significant, and it is actually excellent research. |
0:52.9 | But these are people that don't know. |
0:53.9 | So when we got ready to do this 30 years later, we said, all right, 30 years later, |
1:00.5 | let's re-look the idea. |
1:01.8 | Where do millionaires come from? |
1:02.8 | Let's survey millionaires. |
1:04.1 | I said, 750 is statistically significant, but we know the leftists aren't going to like it. |
1:10.2 | The communists aren't going to like it when we say that America's not so broken, you can't win. |
1:14.1 | So we better have more than enough. Let's go, let's just go 10 times statistically significant. |
1:20.5 | Let's study 7,500 millionaires. Well, we got carried away. We ended up surveying and studying |
1:26.5 | 10,167 of them and we can't find anybody |
1:31.0 | that studied anywhere near that largest sample size or the data that has tightly roped in our |
1:37.8 | research technique and methodology was airtight to the point that if you don't agree with the |
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