Millionaires Believe These Top 3 Factors Made Them Rich

Millionaires Believe These Top 3 Factors Made Them Rich
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Max Chang
By Max Chang
April 28, 2015
How do you become a millionaire?
Spectrem Group, a wealth research firm, released their quarterly Wealth Segmentation Series report on Financial Behaviors and the Investor’s Mindset. Spectrem asked UHNW (ultra high net worth) investors of all ages worth between $5 million and $25 million how they made their fortunes.
The top three ways millionaires believe they made their money include “hard work” (96%), “education” (93%) and “smart investing” (90%).
Frugality, risk taking and luck rounded out the next three factors, all of which every struggling entrepreneur knows plays a huge factor in self-made success. The factors that contributed least to making these individuals millionaires, according to them, included family connections and inheritance.
h/t: MillionaireCorner
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