One in three American millionaires is foreign-born or first-generation, though immigrants are only 13% of the population. The difference isn't work ethic but mindset: immigrants pursue ownership while most Americans chase employment. Business-owning families have four times the net worth of wage earners.
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One in three American millionaires is either foreign-born or first-generation. So actually, those people make up 13% of the population, but 33% of the millionaires. Why? It actually has nothing to do with how hard they work. It's what they were never told. You see, like most Americans, I'm convinced, were handed a story from birth, like go to school, get a job, get raises, then retire. First-generation immigrants, they never got that memo. So instead of climbing somebody else's ladder, many actually bought their own. The Federal Reserve They have a survey that backs this up. Business-owning families have a median net worth 4 times higher than families who only earn wages. And the fascinating thing that most people don't understand is it's not about starting something from scratch. It's about owning something that already works. This is like a cash-flowing business, something that compounds. They weren't actually smarter. They just weren't handed the wrong map. The secret? The original American dream was always about ownership. So somewhere along the way, we replaced it with employment and called it progress. That's why I built the Contrarian Academy to help you get back to ownership.
