The Top Ways That US Millionaires Make Their Money
The Top Ways That US Millionaires Make Their Money
Andrew Lisa Thu, December 16, 2021
Nearly 22 million Americans have net worth's of at least $1 million, according to the 2021 Credit Suisse Global Wealth Report — more than 8% of the country’s adults. There are 820,000 millionaires living in New York City alone.
Each and every one of them has a different story about how they got there, but many of America’s millionaires share similar traits, skills, behaviors, philosophies and fields. All are either self-made or they were born into it, and most of those who earned their big bucks took one of four broad, general paths to get there. From there, 10 industries stand out above all the rest as assembly lines for the ultra-rich — but no matter the industry, most millionaires are joined together by a few common unifiers.
To help illuminate a path toward a seven-figure net worth, GOBankingRates used a variety of sources to examine the industries, backgrounds, tendencies and income sources that are common to America’s millions of millionaires.
If You Don’t Win the Birth Lottery, You’ll Have To Earn It Yourself
Every millionaire in America falls into one of two categories: those who are self-made and those who became rich through that oh-so-important original roll of the dice when they were born into money. The latter, of course, is the easier of the two options — but it’s not the most common.
According to the 2021 Wealth-X World Ultra Wealth Report, the vast majority of ultra-high net worth (UHNW) individuals — those worth at least $30 million — are self-made, 72%, to be exact. Granted, that percentage is for the entire world, not just the United States, but America is the land of UHNW individuals.
And of these individuals, 101,240 of them live in the United States. The next closest competitor, China, is home to fewer than 30,000 despite the country’s enormous population advantage. The U.S. hosts three of the world’s top five UHNW cities (New York, Los Angeles and Chicago) and six of the top 10 (add on San Francisco, Washington, D.C. and Dallas).
The Four Paths to Seven Figures
In writing for CNBC, financial expert and author Tim Corley outlined the results of research he conducted for one of his books. The results revealed that people tend to follow one of four paths to becoming millionaires.
To continue reading, please go to the original article here:
https://news.yahoo.com/top-ways-us-millionaires-money-130019299.html
What Backs the US Dollar? Not Gold Not Silver
What Backs the US Dollar?
So what backs the US dollar, if not gold or silver? The answer has been the same since August 15, 1971: nothing physical. The dollar is a fiat currency — from the Latin fiat, meaning “let it be done.” Its value rests on a government declaration that it is legal tender. Beyond that, it rests on trust.
Rob Cunningham: What if the Greatest Wealth System in History is Being Created
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WHAT IF THE GREATEST WEALTH SYSTEM IN HUMAN HISTORY IS BEING CREATED – RIGHT BEFORE OUR VERY EYES?
What if we’ve spent 15 years arguing about the price of XRP while overlooking the extraordinary possibility of what it was engineered to DO?
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Scott Bessent, Gold & The Iraqi Dinar… Is Something BIG Coming?
The Dinar Den: 10-13-2026
The global financial landscape is currently undergoing a period of significant transformation as policymakers and economists reconsider the foundations of modern monetary systems.
Recent discussions, such as those featured on The Dinar Den hosted by Stephen, suggest that we may be approaching a global financial reset.
Bruce’s Big Call Dinar Intel Tuesday Night 10-13-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome, everybody, to the big call tonight. It is Tuesday, October 13, and you're listening to the big call. Thanks for tuning in, everybody. Again, and we appreciate that very much.
All right. Let's dig this. Let's go into the intel segment, and I got a lot of information yesterday, primarily, and some today. And so the biggest thing we're trying to do is confirm what we're hearing from various sources of our sources.
Good Afternoon Dinar Recaps,
GLOBAL FINANCIAL RESET WATCH: UK CALLS FOR FUNDAMENTAL REFORM OF THE GLOBAL FINANCIAL SYSTEM
Britain is pushing for a new approach to developing-country debt, private investment, and climate resilience as international leaders confront growing financial pressures and debate the future of global economic cooperation.
TNT:
Tishwash: The Association of Private Banks reveals three pillars for banking reform.
The Association of Private Banks revealed on Monday three pillars of banking reform, noting that the banking reform plan is reviewed every six months.
The association’s executive director, Ali Tariq, told the Iraqi News Agency (INA): “The Central Bank has launched a central reform plan for 2025-2027, and this plan concerns private banks, which must implement it on several axes, including governance, the work plan, financial indicators, in addition to compliance and combating money laundering.”
BOND MARKET CRISIS: Is the U.S. Secretly Preparing for a Gold Reset? | Andy Schectman
Liberty and Finance: 10-13-2026
America added more than $2.3 trillion in debt in a single fiscal year, while annual interest payments have climbed to $1.1 trillion.
Andy Schectman warns that rising Treasury yields could trigger a chain reaction across stocks, banks, pensions, and real estate.
Ariel: For those Who Want to Know
10-14-2026
Iraq’s 2027 budget is written in IQD because that’s the endgame sovereign currency, gold-backed, revalued, black market eliminated.
But you don’t get there overnight. Right now Iraq still runs a dual-currency economy. USD circulates alongside IQD.
The black market exchange rate exists because there’s a gap between the official rate and the street rate. That gap is the problem.
Reset Intelligence: Who Is Joining Iraq's Government?
By Reset Intelligence | @EXIT_FIAT
On Thursday Iraq's parliament votes on the last empty seats in Prime Minister Ali al-Zaidi's government, and on four new deputy prime ministers.
One of the nominees put forward is Laith al-Khazali, a senior figure in Asaib Ahl al-Haq whom the US Treasury sanctioned in 2019.
CBI Defends Dinar Devaluation, Cites Strong Reserves
2026-10-13 / 04:06 Shafaq News- Erbil Iraq’s recent dinar devaluation was the best option to protect foreign reserves from an oil revenue shock, although the country still holds enough reserves to cover at least a year of imports, Central Bank of Iraq (CBI) Director General of Statistics and Research Samir Fakhri Nima said on Tuesday.
Speaking at the Middle East Research Institute’s MERI Forum 2026 in Erbil, Nima said disruptions around the Strait of Hormuz had sharply reduced oil revenue, with the effects emerging in May and June because of deferred payments for oil sales. He put oil’s share of government revenue at more than 93%.
Good Morning Dinar Recaps,
GLOBAL PAYMENTS RESET WATCH: IMF AND WORLD BANK LAUNCH NEW FRAMEWORK TO FIGHT DIGITAL FINANCIAL FRAUD
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16 Retirement Mistakes You Will Regret Forever
From saving too little to taking withdrawals from your retirement account too early, there are plenty of ways that current and future retirees can sabotage their golden years.
By Bob Niedt Contributions by Kathryn Pomroy, Alexandra Twin Last updated October 7, 2026 In Features
As more and more baby boomers and Gen Xers anticipate a happy retirement, thoughts turn from worry over the workday slog to concerns about how to bankroll their golden years. How prepared are you? How much money do you need to retire? The 2026 Planning & Progress Study by Northwestern Mutual says that number is $1.46 million.
MilitiaMan & Crew: Is Iraq’s Economy Finally Turning? | Daily IQD Analysis
10-13-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Straight reporting on Iraq’s economy. CBI policy, the budget, oil, banking reform, and the exchange rate — read clean and interpreted without the noise. This channel started as daily phone calls to Mom with the latest dinar news. After she passed in 2022, I built a team so that same standard could keep going for everyone following the story.
KTFA
Tuesday Night Video
FRANK26….10-13-26…..19th TO THE 24th
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Parliamentary Finance: The Proposal Of The Salary Scale Law Will Be Presented Soon To The House Of Representatives
Money and business Economy News — Baghdad The Parliamentary Finance Committee said on Tuesday that the proposal of the salary scale law will be presented soon to the House of Representatives. The head of the Parliamentary Finance Committee, MP Adi Awad, said in a statement to the official newspaper: "The proposal of the salary ladder law will be presented soon in the sessions of the House of Representatives, after studying with specialists in financial and economic affairs."
Rising Bond Yields Are Creating A Problem For The US Banking System
Notes From the Field By James Hickman (Simon Black / Sovereign Man) October 13, 2026
In January 2021, two months before US inflation took off, a reporter asked Federal Reserve Chairman Jerome Powell how much inflation the Fed was willing to tolerate.
Powell acted like he'd never heard of inflation— like it was crazy to even ask. He dismissed the notion of inflation entirely and said it was "far away and unlikely."
US Panics as Bonds Collapse Forces a Global Monetary Reset
Sean Foo: 101302926
In a major move, Bessent just appointed Judy Shelton to the US Treasury. This appointment of a historic gold advocate shakes up the entire landscape for the US government eventually heading back to gold.
The global economic landscape is undergoing a monumental transformation, driven by shifting geopolitical alliances, rising national debt, and a growing distrust in traditional fiat currency.
Rob Cunningham: XRP is an Essential and Immutable Ingredient
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XRP: ESSENTIAL INGREDIENT OR “SHIT COIN”?
You cannot logically call something essential to a system worthless to that system.
Imagine building a worldwide highway system connecting every city, business, bank & household on Earth. You build the roads, bridges, tunnels, tollbooths & traffic controls.
Good Morning Dinar Recaps,
GLOBAL BANKING RESET WATCH: REGULATORS STEP UP AI AND CYBERSECURITY OVERSIGHT TO PROTECT FINANCIAL SYSTEMS
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Al-Aboudi: A Government Plan To Reach The Dollar Price In The Parallel Market To 1550 Dinars
Money and business Economy News _ Baghdad The spokesman for the Iraqi government, Haider al-Aboudi, on Wednesday, a government plan to reach the price of the dollar in the parallel market to 1550 dinars, while pointing out that the previous transfers to adopt the current exchange rate was secured allocations in light of the previous price.