Millionaires live in the most expensive homes, right? You might be surprised. Certainly, many people with large incomes and high levels of accumulated wealth own pricey homes, but large numbers of wealthy individuals live in more modest dwellings. Here are some interesting numbers from Stop Acting Rich...And start living like a real Millionaire by Thomas J. Stanley, Ph.D.
403,211 1,138,070
Number of millionaires who Number of millionaires who live
live in homes valued at in homes valued at $300,000 or less.
$1 million or more.
90% 67,000
Percentage of millionaires Number of millionaires who
who live in homes valued live in mobile homes.
at $1 million or less.
41% 27%
Percentage of homes valued Percentage of homes valued
at $1 million or higher owned $1 million
by people with $200,000 or higher owned by millionaires.
or higher annual income.
About Me
- Mike Schmitt
- Dallas, Texas, United States
- I was born in 1955 and have lived in Dallas since then. I am married to my sweetheart Paula and have 3 sons. Jarod 35, is mentally retarded and lives in a group home, Joel 24, lives in Austin, Tx and attends the University of Texas, Jordan 23, is a senior at Abilene Christian University. I live in Little Forest Hills on the East side of White Rock Lake in Dallas, Texas. I am a real estate broker and own White Rock lake Real Estate, LLC. I have been in the real estate business since 1981. I am an avid organic gardener, urban chicken keeper, water gardener, love to travel and socialize with friends.
