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10 Things Your Millionaire Neighbor Is Hiding From You
Mar 22

Steve Adcock | Wealth of Geeks

Being a millionaire is deceiving. They represent the top 10% of wealth in the United States, and people often think of millionaires as suit-wearing, BMW- driving professionals with cut-throat personalities and questionable ethics. But for most millionaires, that couldn't be further from the truth.

In fact, you might be surprised at how close your neighbor is to that double- comma club. Here are 10 things your millionaire neighbor is hiding from you.

1. They Never Told You That They're a Millionaire Your neighbor doesn't announce his wealth because your neighbor believes in stealth wealth. And that's why they're rich. They don't need to live on a fancy street or in a big house. Their Jeep gets them to and from work just as efficiently as an expensive import car.

Your neighbor could flaunt their wealth more, but they have chosen not to.

2. They Don't Earn 7 Figures
Your neighbor is a millionaire because they saved a million over the years
rather than earning a 7-figure salary. Luckily, it doesn't take a 7 figure
income to be a millionaire. Instead, acquiring a million bucks requires
consistently saving and investing over the years.

Just like that janitor that secretly built an $8 million fortune.

3. They Don't Believe in Company Loyalty
Your neighbor has worked for three companies in the last 10 years. Each move
came with a 15 to 20% boost in income. They don't wait for the 3 to 5% cost-of-
living raise each year to bring their salary closer to market value. Instead,
they proactively look for the salary they want.

Switching companies is a lucrative career tactic that forces your salary to increase faster than the inflation rate.

4. They Don't Care What You Think of Their Lifestyle Whether you think they're cheap, frugal, filthy rich, or poor, they don't care. After all, they are millionaires, and worrying about what other people think of them isn't how they got it.

Instead, your neighbor is entirely focused on making the best decisions for their family.

5. They Aren't a ''Crypto Bro''
Your neighbor builds wealth the tried and true way by fully funding their 401(k)
and Roth IRA rather than investing in high-risk cryptocurrencies.

They also have a brokerage account that they automatically fund every month through the power of financial automation.

They rent out a house on the other side of town for a monthly rent that pays for the mortgage.

By The Associated Press, Copyright 2023

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