Thursday, March 24, 2022

List of US States With the Most Millionaires $$$$


Rounding out the top ten are . . .

6. Pennsylvania
7. Arizona
8. New Jersey
9. Ohio
10.Massachusetts

A millionaire is someone who has a net worth of a million dollars. Net worth is what you own minus what you owe. For example, if you have no debt besides a mortgage, a large emergency fund, and a retirement account. Subtract what’s left of the mortgage debt from everything else and you’ll know your net worth.

Based on our national study of over 10,000 millionaires, more than 50% of millionaires live in a neighborhood where the average household income is below $75,000 a year. 6 out of 10 millionaires live in a house valued under $500,000.

A millionaire isn't always someone making 6 figures with a flashy car and a mansion. Millionaires look a LOT like everyday people. YOU can be one too. You just need to gain control of your largest wealth-building tool... your income. Kick debt out of your life, live below your means and follow the rest of the 7 Baby Steps. You CAN do it! -- Dave Ramsey, Facebook


How to Be on the Millionaire List

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