There are 3,800,000 Households in the US with a
net worth over $1,000,000
I think this government estimated number is low by at least a factor of three. There are 292,230,821 people living in the U.S. based on the 2000 census. If there are only 3.8 million households with a net worth over one million dollars that would be only 1.3% of the population. I think 3% would be a more realistic number. I think the number is low because most people are not telling the government what they own in the way of assets, if indeed, they even know what their net worth is. If people do not know what their assets are worth, that begs the question, are those assets being used to there fullest potential? Probably not! It has been my experience that getting ahead in business, jobs, or at getting rich is not as difficult as people think. The reason more people do not get ahead and get rich is because there are so few people trying.
All this means is that there is not a lot of competition to prevent you from getting rich. The toughest competition against you, is yourself. You will have to overcome procrastination and fear of success. For those of you who have been trying "get rich quick" schemes or are spending your life working hard at your job making someone else rich, then it's time to focus your energies into a plan that works. Millions of us have already done so, you can do be rich too.
Top 10%
If you earn $92,000 per year you are in the top 10% of tax payers in the US. That is an interesting statistic, 90% of the people filing tax returns make less then $92k per year. By using the information provided to you on this Towards Wealth web site, you will be on your way towards being in the top 5%, the rich in America.
Average net worth $199,0000
At age 65 in the US the average persons' net worth is only $199,000. With social security and a little pension they will probably be able to retire and get by just fine. I personally would rather have a million dollars or more by age 65 and my home paid for so that I can live in a little more comfort then just getting by.
How about you? are you going to end up with the average amount at age 65? Or are you going to join me and the other wealth builders and be a millionaire? If you haven't joined us do so now, If you have joined us on that road Towards Wealth then visit here often to stay motivated, re-read the articles until you know them well, so you can act fast, with the knowledge that you know what you are doing when opportunity knocks.
What makes successful people different, is how they spend their days.