How millionaires earn their money

How millionaires earn their money

Author: Mazik Date: 18.06.2017

The majority of today's millionaires are self-made and weren't born into their wealth, new research shows.

The study by Fidelity Investments found that 86 percent of today's millionaires did not consider themselves wealthy growing up. Those who were born wealthy were more likely to cite inheritance, entrepreneurship and real estate investment appreciation as an asset source. When it comes to investment strategies, those who are self-made millionaires were more likely to add equity investments, while those who were born wealthy typically had more real estate investments.

how millionaires earn their money

The research shows that when considering their financial future, 30 percent of today's millionaires were concerned with preserving their wealth, while 20 percent were focused on growing their fortune. Durbin, president of Fidelity Institutional Wealth Services. Once such trend is millionaires' current interest in the stock market. Follow Chad Brooks on Twitter cbrooks76 or BusinessNewsDaily BNDarticles.

how millionaires earn their money

Chad Brooks is a Chicago-based freelance writer who has nearly 15 years experience in the media business. A graduate of Indiana University, he spent nearly a decade as a staff reporter for the Daily Herald in suburban Chicago, covering a wide array of topics including, local and state government, crime, the legal system and education.

Following his years at the newspaper Chad worked in public relations, helping promote small businesses throughout the U. Follow him on Twitter.

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Product and service reviews are conducted independently by our editorial team, but we sometimes make money when you click on links. Lead Your Team Strategy. By Chad Brooks, Business News Daily Senior Writer July 20, The study was based on surveys of more than 1, millionaire investors.

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