Who are the rich in this country?

80 percent of this group didn't inherit their wealth they earned their wealth. They valued education, hardwork, and discipled saving. One word characterizes them, "Frugal". They accumulate wealth by lower their consumption, making careful buying decisions, and saving or investing their excess. They are not super financial traders or wizards, instead, they are smart-long term investors, usually trading in and out of stocks, annually. Most help their children financially to obtain higher education degrees and homes.

What do they do?

Most have their own business. They operate efficently by keeping their cost down. One case study talked about a man who was the owner of a janitorial service. This man's net worth excessed all the professional doctors, lawyers, and business men in his community.

This group have annual incomes with a few exceptions are less than 100,000 dollars a year. In a small percent their income exceed a million dollars. Most importantly is the fact they have high net value amounts for their age. The medium age being about 56 years old. The important factor about this group of people is they do not spend their money maintaining a certain lifestyle. Their money has very little bearing on their lifestyle.

Most have nice homes (paid for), medium value cars, and value oriented assets (land,real estate investments); however, they don't necessary require expensive foreign cars, expensive watches, memberships in multiple country clubs, nor expensive clothing. They are not cultured on gourmet foods, rich social parties, or costly toys.

Where do they shop?

They shop at middle class stores. The wives of this group are disciplined using coupons, and driving for a super bargin, demonstrating patience and researching their options for purchase, and acquiring when they discover a great deal.

What do they drive?

They drive domestic cars. In some case they prefer new car purchases to used because of reliability, brand names like GM, Ford, Crysler, Toyota, Honda, Accura, and Infinity.

How do they invest?

They invest carefully. A significant amount of financial planning preparation goes into their investment decisions. Most have investment and some accumulated the bulk of their wealth through investments. The majority are long term investors and very few trade daily.

Where did their ancestors come from?

The Scottish descendants are the riches group. This group is very thrifty as a group.

How did they get rich?

This group became rich by saving and investing. Their actual worth exceeds their age multiplied by their annual income times two. Most quickly moved out of education and into business where they realized cash flow. They used the cash flow too start a business. They didn't spend large amounts of money advertising, instead grew their companies slowly their thrift and careful decisions. Over time these decision resulted in a realized increase in their net worth. They didn't make alot of mistakes along the way.

Can I ever become one of them?

Yes, start by being frugal, reduce consumption, avoid expensive lifestyles, and save or invest the excess money. Its that simple.