FYI: We all recognize “Who Wants to be a Millionaire?” as not just a popular game show, but also a ridiculous question.
The obvious answer to the show’s title is, yes, everyone wants to be a millionaire, but few contestants or audience members can answer the requisite questions to achieve fast, televised wealth.
A recent study by Fidelity Investments focused on what it takes to become a millionaire without the help of a game show, and found that many people have the ability to accrue tremendous wealth, but that their windows for such financial success are closing, often before they ever really take steps toward becoming rich.
Fidelity’s seventh “Millionaire Outlook” study looked at the potential investors have for moving up toward millionaire status. The key group in the study was the “emerging affluent,” which would be the people who seem to have both the resources and the interest/ability to live out their seven-figure dream
Regards,
Ted
http://www.marketwatch.com/story/6-factors-determine-who-gets-to-be-a-millionaire-2015-03-14/printFidelity Study:
https://fidelityinstitutional.fidelity.com/app/literature/view?itemCode=9863829&renditionType=pdf&pos=SR
Comments
"Self-made status: The class of emerging affluent has, according to Fidelity, worked to make themselves richer, rather than relying on inheritances and the generosity of their families (or a pay check). Roughly 80% of the emerging affluent have earned or increased their assets on their own."
EXACTLY.....If you are "self- directed" to become Rich in the U.S. there is NOTHING to stop you, If you are conditioned "to take whatever you can get" is #1 reason for NOT becoming a millionaire..
and the plight of the poor and minorities of the U.S.....WAKE UP AMERICA