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Friday, March 25, 2011

Want to Know How to Become a Millionaire? Ask Jaime Tardy

Ever dream about becoming a millionaire? According to the research firm Spectrum Group, only 7% of American households actually become millionaires, and Jaime Tardy is working on becoming one of the financial elite. We've followed this debt buster since her first videoblog  describing how she paid off $70,000 of debt.
Lately, this eventual millionaire has been popping up on financial sites everywhere and spreading the word on financial freedom.

However, in an interview posted on Yahoo, I was appalled at how many negative comments have been posted about Jaime's accomplishments. I have to think that this negative thinking is the reason that there are so few millionaires in our country or the world for that matter. Because people are not willing to do what it takes to become one. I remember when "The Millionaire Mind" came out and how so many raced to pick up a copy, only to be surprised that most millionaires are just average people, but worked hard, saved regularly, and invested wisely. I guess instant gratification is more important to most people rather than financial freedom. Anyway, I say, "Great job Jaime! I am looking forward to joining you in being one of the financial elite." You can read Jaime's latest interview HERE.

Here are some interesting statistics about millionaires:
  • 14% of millionaires say their parents were wealthy.
  • 42% say they don't feel wealthy.
  • 95% say hard work is how they made their million. 83% say smart investing, 81% frugality, 67% say risk taking, and 41% say luck is how they made their million.
  • 90% of millionaires are college graduates.
  • The median price of a millionaires car is $31,400.
  • States with the highest amount of millionaires includes: Alaska, California, Connecticut, Hawaii, Maine, Maryland, New Hampshire,  New Jersey,  Washington D.C., and Virginia. Hey, Jaime Tardy lives in Maine. 
  • Millionaires invest on average $39,300 a year.
  • 61% say they still have a great deal to learn about investing.
  • 1 in 6 millionaires are single.
  • Millionaires give up to $13,000 annually to charity.
Here are some other articles I found interesting this week:
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