Average Age of Millionaires in US and What to Invest in

 

According to various studies on millionaire households in USA, there are around 3.5 Million Millionaire households among 100 Million total households in USA. And according to this study the average age of a millionaire in USA is in the late forties or early fifties.

That being said, most of them are first generation millionaires. However, these statistics involve people from the Industrial age (Before 1990). But if we bring up the Information age (After 1990) then the scenario is much different.

Thanks to the birth of Internet … now, more and more young people are becoming millionaires and even billionaires in their early age groups. Take the Example of founders of Google, Facebook, Amazon, Microsoft, eBay and many other businesses. All of them became billionaires in their early thirties.

This is the power of Information age. You don’t have to wait until your retirement to get rich. This is the information age and people are retiring in their thirties and forties. And people started becoming millionaires in their twenties and early thirties.

So my advice to you is to Start your fortune on the Internet. That’s because the whole world is connected with the Internet and it is now really possible to get rich in your early age with the help of Internet. The proof is all around you.

All the Financial Products that Anyone Can Invest In

Let’s discuss those financial products that anyone can invest in. There are several financial products in which any small investor or sometimes even an Individual investor can’t invest in. Such as Private Equity or Venture Capitalism.

On the other hand, here is a list of financial products that all of us can invest in.

01) Common Stocks -

Stocks listed on the stock exchanges are for everyone. Everyone can invest in it. There are no restrictions.

02) Mutual Funds -

Mutual Funds are developed for all the Investors, Small to Large to Institutional.

03) Bonds -

Everyone can invest in Government Bonds. But if we talk about the developing countries like India, then an Individual cannot invest in Corporate Bonds. There is only one way to invest in the corporate bonds and that is via mutual funds. However, in countries like US and Europe, you can invest in corporate bonds without any hastle.

04) Gold ETFs -

Gold ETFs are also known as Demat Gold or Paper Gold and anyone can invest in this.

05) Savings Schemes -

These schemes are everyone as well. However, savings scheme are for small investors. So there is an upper limit for investing in saving schemes. You cannot invest more in savings schemes than a certain limit.

06) REITs & REMF -

Real Estate Investment Trusts (REITs) and REMF (Real Estate Mutual Funds) are also for everyone. You can invest a small amount of money and still enjoy the investment in real estate.

If you’re looking for new ways of investing, check out sites like fxcm.com to learn about currency trading and how it could be a smart move to get into the forex market.

There you have it; all of the above are the financial products for anyone to invest in.

Entrepreneurship, startups, widgets, plugins, technology, humor, video, entertainment, passive income, residual income, social media networking are the things I blog about mostly. Enjoy and let’s connect.

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  • John

    You are definitely right since we are moving towards to modernization and the more chances are available for us to grab.
    Appreciate all the tips and sharing this information to us. I do hope so that I will be a billionaire someday.

  • Recca

    I want to change that and I want to be a millionaire less than 30's ( I know I am just dreaming )
    Anyways great facts and as far as i believe you are right its really rare that we see young people being a millionaire unless they are in Hollywood and have parents which are rich.

  • Wayne

    Very interesting topic. Can i join? I guess I already did join the conversation.
    I want to be a millionaire as well and I am doing it step by step.
    So guys if I were you plan and make a move, so there will be a chance for you to be a millionaire someday.

  • http://mytimemattersblog.com Vitaly Tennant

    Thanks for your replies guys, I definitely agree about all of us having more chances to achieve our goals than before