| Many are applying The Oxford Club's time-tested wealth principles - the same ones you've heard me talk about here time and again. 1. They're Living Below Their Means The new rich aren't driving leased luxury cars or living in oversized homes with supersized mortgages. They're living below their income levels, which allows them to funnel more into high-growth investments. And thanks to compounding, that decision makes all the difference. 2. They're Investing Consistently - Especially in Tax-Advantaged Accounts Fidelity recently reported that the number of 401(k) millionaires hit a record high. Why? Because a growing number of Americans have finally understood that time in the market beats timing the market. These new millionaires are maxing out their 401(k)s and Roth IRAs. Time and compound interest do the heavy lifting. 3. They're Owning Assets, Not Just Income You don't get rich by working a job. You get rich by owning things. That means stocks. Real estate. Private businesses. Intellectual property. Americans who focus on buying income-producing assets - instead of just increasing their paycheck - are playing the game right. 4. They're Avoiding Big Mistakes The new wave of millionaires isn't trading crypto or chasing meme stocks. They're disciplined. They're diversified. They know that getting rich is about avoiding the big blowups. Not panic-selling during market dips. Not overpaying for hot stocks. Not jumping from one strategy to the next. 5. They're Thinking Longer-Term This is what separates investors from speculators. Millionaires aren't worried about the next Fed decision on interest rates. They're concentrated on achieving and maintaining total financial independence. And because they hold a long view, they benefit from market corrections - as we did in April - instead of fearing them. 6. They're Concentrated in Equities The U.S. stock market has outperformed most foreign markets over the past two decades. And 2024 was another strong year with the S&P 500 up over 24%. Many of The Oxford Club's choices - from conservative investments like Berkshire Hathaway to more aggressive recommendations like Palantir - have done much better still. Americans, more than most investors globally, have high exposure to equities. That's critical. Why? Because history shows that no other asset class outperforms a diversified portfolio of stocks. 7. They're Riding the Real Estate Tailwind Rising home prices have significantly boosted household wealth. That's especially true for younger millionaires, many of whom have a larger share of their assets in real estate and consumer durables. In other words, they bought and held. No speculating. No flipping. Just smart purchases in appreciating markets. 8. They're Receiving - and Preparing for - Massive Wealth Transfers Here's a staggering stat: Baby Boomers are sitting on $83 trillion in wealth. Over the next 20 to 25 years, that money will pass to Gen X, Millennials, and Gen Z. This will be the biggest wealth transfer in history. In fact, it's already begun. And it's reshaping the financial landscape. Many young Americans inheriting capital are investing earlier and growing their wealth faster. 9. U.S. Citizens Operate in a Favorable Economic Environment Let's not overlook the macro picture. The U.S. benefits from a stable dollar, dynamic capital markets, and a business-friendly environment. These aren't just tailwinds - they're core structural advantages that help preserve and multiply wealth. Compare that to Europe, where the report shows wealth growth under 0.5%, or Asia-Pacific, which lagged below 3%. The contrast is stark. 10. Americans Are Building Businesses and Owning Private Equity Millennials, in particular, are increasingly building or buying private businesses. They're not just employees - they're owners. And in many cases, that's where the real wealth creation is happening. Business equity provides cash flow, capital appreciation, and control - a triple threat that few other assets can match. Bottom line? We're seeing a rise in "everyday millionaires" not because Americans are doing something flashy - but because they're doing the right things consistently: - They invest in productive assets.
- They stay disciplined in good times and bad.
- They buy real estate and hang on to it.
- They plan for the future - and act on it today.
That's the real formula. Not timing the next hot sector. Not chasing TikTok stock tips. Just doing what works, again and again. Becoming a millionaire in America today isn't just possible. It's increasingly probable - if you follow the right principles. Live on less than you make. Invest early and often. Own appreciating assets. Avoid stupid mistakes. And stay the course. It's not flashy. But in a world obsessed with shortcuts, it works. Good investing, Alex | 
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