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According to the Federal Reserve, the Medium net value among US households In 2022 it was $ 1,063,700. However, the average net value was only $ 192,900, which suggests that most North -Americans are not so close to millionaires.
That said, millionaires often have similar money habits to the North -everyday Americans who helped them go to where they are today.
For example, they usually avoid spending all their salary, invest money that they do not use and create clear financial goals instead of leaving things at random.
There are also certain things that millionaires often have, and some may surprise you.
Millionaires usually have things that increase in value after buying. A good example is real estate property.
Think about this: In the first quarter of 1995, the United States Median House sold for $ 130,000. In comparison, the first quarter of 2025 was sold for $ 416,900. This is an increase in remarkable value.
Millionaires’ homeowners not only, but according to a national survey of Ramsey Solutions National of Millionaires, the average millionaire pays his home in just 10.2 years. Paying a house before the calendar means you spend less on interest, allowing you to grow your wealth even more.
Houses are a key example of an asset that tends to appreciate its value over time. Cars usually do the opposite: they lose the highest value they have.
It may be that so many millionaires have used cars. Buying a used vehicle instead of a new one can lead to significant savings, from the purchase price to the operating costs such as insurance and maintenance. Passing less in cars is part of what allows people to grow their wealth.
According to EdmundsThe average of the used vehicle cost $ 27,177 by the end of 2024, compared to $ 47,542 for a new car, about a difference of $ 20,000.
If you invested $ 20,000 in an annual performance portfolio of 8%, slightly below the historic market average, it would be worth more than $ 93,000 after 20 years.
Opting for a car used instead of a new one sometimes in your life can bring you closer to the millionaire state.