How Much - Carson Wealth
How Much is a
? MILLION?
Is a million dollars enough to last a lifetime? In order to ask that question, you first need to know the following: How long until you plan to reti re?
le do What lifesty live post you want to retirement?
What is the likelihood o f pursuing millionaire status?
Let’s quantify a million... A million inches is only 15.7 miles
$ $$
100 100
A million seconds is only 11 days
15.7 mi
22.0
A million grains of salt is only a gallon’s worth
1Gal
November
$ $$
1.9 years
25 stories
A million dollars’ worth of $100 bills weighs only 22 lbs
A stack of a million sheets of paper would be 250 feet tall (25 stories)
A million minutes is only 1.9 years
Living Like a Millionaire
Millennial Fact
The preferred car of millionaires is a Ford, followed by Cadillacs and Lincolns.
For Millennials who have an estimated 40 years until retirement, is $1 million dollars enough to retire? Well, if inflation
$1 million will have the same spending power as $306,000 today. averages 3% a year, that
1
2
3
Many millionaires prefer economic means of transportation because cars are investments with little return. Source: Tracy, Brian. 2006. Million Dollar Habits: Proven Power Practices to Double and Triple Your Income.
$1M = $306K TODAY
IN 40 YEARS
Source: Time.com Money Blog, 2016
Around 80% of millionaires are college graduates
18% have Master’s degrees
8% have Law degrees
6% have Medical degrees
6% have PhDs
Source: Ellsberg, Michael. 2011. The Education of Millionaires: Everything You Won’t Learn in College about How to Be Successful.
60% of In the U.S., only 9% of households are millionaires
individuals with over $1.5M saved envision working in some form for as long as they can Source: Barclays Wealth, Wealth insights Volume 12, 2010
Source: Spectrem’s Market Insights 2016
70% of millionaires lose their wealth by 2nd generation and 90% by the 3rd generation
Four of the world’s youngest billionaires are connected to Facebook: Mark Zuckerberg
Sean Parker
Eduardo Severin
Source: The Williams Group, 2003
Source: Palmer, Kimberly. “The 10 Youngest Billionaires in the World.” U.S. News. June 4, 2012.
Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Carson Group Partners, a division of CWM, LLC, is a nationwide partnership of advisors. This content cannot be copied without express written consent of CWM, LLC. Wealth Designed. Life Defined.® is a registered trademark of CWM, LLC and may not be duplicated.
SF# 120269 10-2016
Dustin Moskovitz
? MILLION?
Is a million dollars enough to last a lifetime? In order to ask that question, you first need to know the following: How long until you plan to reti re?
le do What lifesty live post you want to retirement?
What is the likelihood o f pursuing millionaire status?
Let’s quantify a million... A million inches is only 15.7 miles
$ $$
100 100
A million seconds is only 11 days
15.7 mi
22.0
A million grains of salt is only a gallon’s worth
1Gal
November
$ $$
1.9 years
25 stories
A million dollars’ worth of $100 bills weighs only 22 lbs
A stack of a million sheets of paper would be 250 feet tall (25 stories)
A million minutes is only 1.9 years
Living Like a Millionaire
Millennial Fact
The preferred car of millionaires is a Ford, followed by Cadillacs and Lincolns.
For Millennials who have an estimated 40 years until retirement, is $1 million dollars enough to retire? Well, if inflation
$1 million will have the same spending power as $306,000 today. averages 3% a year, that
1
2
3
Many millionaires prefer economic means of transportation because cars are investments with little return. Source: Tracy, Brian. 2006. Million Dollar Habits: Proven Power Practices to Double and Triple Your Income.
$1M = $306K TODAY
IN 40 YEARS
Source: Time.com Money Blog, 2016
Around 80% of millionaires are college graduates
18% have Master’s degrees
8% have Law degrees
6% have Medical degrees
6% have PhDs
Source: Ellsberg, Michael. 2011. The Education of Millionaires: Everything You Won’t Learn in College about How to Be Successful.
60% of In the U.S., only 9% of households are millionaires
individuals with over $1.5M saved envision working in some form for as long as they can Source: Barclays Wealth, Wealth insights Volume 12, 2010
Source: Spectrem’s Market Insights 2016
70% of millionaires lose their wealth by 2nd generation and 90% by the 3rd generation
Four of the world’s youngest billionaires are connected to Facebook: Mark Zuckerberg
Sean Parker
Eduardo Severin
Source: The Williams Group, 2003
Source: Palmer, Kimberly. “The 10 Youngest Billionaires in the World.” U.S. News. June 4, 2012.
Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Carson Group Partners, a division of CWM, LLC, is a nationwide partnership of advisors. This content cannot be copied without express written consent of CWM, LLC. Wealth Designed. Life Defined.® is a registered trademark of CWM, LLC and may not be duplicated.
SF# 120269 10-2016
Dustin Moskovitz
