~7% of Americans are millionaires now. That's 1 in 14 people.
Yeah, inflation helps the math — but it's still wild when you think about it. A million bucks isn't what it used to be, but crossing that threshold still means something.
What's more interesting: how many of those got there through business ownership vs. just riding the 401k wave for 30 years? My guess: way more than people think came from owning boring, cash-flowing businesses nobody talks about.
The path is there. Most people just don't take it because it's messy and unglamorous.
Yeah, inflation helps the math — but it's still wild when you think about it. A million bucks isn't what it used to be, but crossing that threshold still means something.
What's more interesting: how many of those got there through business ownership vs. just riding the 401k wave for 30 years? My guess: way more than people think came from owning boring, cash-flowing businesses nobody talks about.
The path is there. Most people just don't take it because it's messy and unglamorous.