ACCOUNTANT EXPLAINS: How Many Americans Have $1M?

🟢 DOWNLOAD MY FREE PERSONAL FINANCE TRACKER 🟢 https://www.alicecee.com/personalfinancetracker In this video I talk about how many Americans actually have a net worth of a million or more, what being a "millionaire" actually means (tends to be a lot of opinions here), and the 3 paths to becoming a millionaire. If you're looking to build your net worth and are interested in personal finance videos explained from an accountant, make sure you watch this video to understand how many Americans have $1M. Many people are under the assumption that millionaires inherit their wealth, but the data shows that most millionaires built their wealth with good financial habits, secure jobs, and regular investing in the markets. There are many interesting stats about millionaires including the jobs they have, the areas and cities they live in. In this video I also talk about how inflation impacts the net worth calculation. TIMESTAMPS 00:00 Introduction 00:37 What Is A Millionaire 01:23 How Many Households Are Millionaires? 01:59 3 Interesting Stats About Millionaires 02:46 Net Worth By Age 03:11 Where Do Millionaires Live? 04:54 How To Become A Millionaire? 05:38 What Habits Do Millionaires Have? 06:29 Regular Investing 06:56 Investing $800/mo example 07:52 Spending Less Than They Make & Credit Cards 08:58 Do Millionaires Inherit Their $? 10:00 The Rich Millionaire Paradox 10:56 What About Inflation? Article mentioned https://www.ramseysolutions.com/retirement/the-national-study-of-millionaires-research?srsltid=AfmBOopOTffcsNyyofsfJhSz8dxZkRUWYng-8E7LN7lA6GXLYaXexpf- WHERE TO FIND ME ⭐️ My Weekly Newsletter - https://alicecee.beehiiv.com/ ⭐️ My Community - skool.com/digital-demand/about ⭐️ Linkedin - https://www.linkedin.com/in/alicecee/ ⭐️ Instagram - https://www.instagram.com/alicecee_/ ⭐️ Twitter - x.com/TheAliceCee ⭐️ Threads - threads.net/@alicecee_ RELATED VIDEOS 🟠 How The Top 1% Think - https://youtu.be/O3AN8IWlSoM 🟠 How To Go From 0-100k This Year - https://youtu.be/x4jyCJpy3Bs 🟠 6 Levels Of Wealth In America - https://youtu.be/BbdfjJAJJhU 🟠 How To Organize Your Finances In 6 Months - https://youtu.be/4ShtXsOc9kw 🟠 Should You Buy Lease Or Finance A Car - https://youtu.be/VOd_WJu98Go