A Single Cash-Generating Business Is The Foundation of Long-Term Wealth Building

According to page 8 of Dr. Thomas Stanley’s research in the book “The Millionaire Next Door”, people that are self-employed make up less than 20% of American workers yet they constitute almost 70% of the people that make up the millionaire class in the United States. To break down this self-employed group even more, three out of four of them are actual business owners with the rest of them being accountants, lawyers, and doctors.

This is not simply a coincidence. There is a reason why someone who runs their own business shows up disproportionately at the top of these wealth-building lists. When you run your own business, you are no longer (1) bound … Read the rest of this article!