The Average American Household Is Now A Millionaire, But Not The Median

The Average American Household Is Now A Millionaire, But Not The Median

Author: Sam Dogen: Financial Samurai founder, personal finance blogger October 28, 2023 Duration: 15:35

Congrats! The average American household is now a millionaire according to the latest Federal Reserve Consumer Finance Survey. It's good to be average! Alas, the median American household is not a millionaire, which is a better reflection of the average American! 

Related posts: 

The Average American Household Is Now A Millionaire

The 30/30/3-5 Homebuying Rule

What Millionaires Do:

1) Invest in stocks 

2) Participate in their retirement plans

3) Invest in real estate

4) Start and invest in private companies

Investment mention: The Fundrise Innovation Fund that invests in private growth companies in AI, fintech, proptech, and more. 

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Money isn't just about numbers on a screen; it's the tool that carves out the life you want to live. On The Financial Samurai Podcast, Sam Dogen digs into that reality with the same direct, experienced perspective that built his influential personal finance blog. You'll hear conversations that go beyond basic tips, focusing instead on the strategic decisions and mental shifts required to build genuine wealth and security. Sam explores the intersection of career, investing, and lifestyle design, drawing from his own journey and insights from various financial trenches. This isn't about get-rich-quick schemes, but about developing a sustainable and intelligent approach to your finances. Each episode feels like a candid discussion with a knowledgeable friend who isn't afraid to tackle the tough questions about risk, opportunity, and what "financial freedom" actually means for different people. Tune in for a podcast that consistently challenges conventional wisdom, offering actionable advice for making your money work harder so you can focus on living better, on your own terms.
Author: Language: English Episodes: 100

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