5 Millionaire Myths | Signal or Noise Ep 22 | Charlie Bilello | Peter Mallouk | Creative Planning

[@cliffpeebles9705]

A note on Myth #2, the $117 the average millionaire spends on clothes a month is spent at Costco.

[@charlie_bilello]

Haa, probably true. They definitely have some ridiculous deals there.

[@bigal3928]

Because of inflation in salaries, it's actually easier to become a millionaire today than it was in the past.

[@charlie_bilello]

This is true, and add to that housing appreciation which has been the biggest boost to median household wealth in recent years.

[@supafly8]

Whats very interesting is 4:50 your mention of Ferrari first says a lot. One of the strongest brands in the world if not thee strongest. Bugatti, Koenigsegg and Pagani arguably need to up their game in the brand department

[@g4by.l4n]

thx guys!!, great info

[@charlie_bilello]

Thanks for watching!

[@etflitquidity]

Thanks❤❤❤

[@vasil6941]

Great!!! Just keep that awesome work

[@HansGoessl]

But -what’s the sense of having millions if you life like a poor ? Let’s enjoy part of it -but listen to you now I cancel my new car 🚗-definitely true -useless 👍🏼👍🏼👍🏼

[@charlie_bilello]

Agreed! We're big believers in enjoying your wealth, but to get to that point you have live within your means first.

[@jimjackson4256]

Of course where did the people who left the millions get their millions from ? did they inherit it too?

[@bigal3928]

More than 22 million millionaires in the US... they ain't that special !

[@charlie_bilello]

True, a million isn't what it used to be. $560k in 2000 is equivalent to $1 million today (inflation adjusted).