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In what king of World are

we living in?

� There are around 6.4 billion people in the World today, and every second our number increases by

3.2.

� 1/3 of the world’s population or 2.2 billion is living with less than 1 dollar a day.

� 1/3 of the world’s population has never used a telephone.

� 1 billion people don’t have access to clean drinking water, which causes 500,000,000 people to get sick with diseases that have been eradicated centuries ago in western countries.

� 800,000,000 people don’t have enough food,

among which are 300,000,000 children. 50,000 children go blind every year because they don’t have enough vitamin A in their diet.

� 84% of all the world’s wealth is owned by only 20% of the population.

� The world’s 200 richest people own almost

10% of the World, and are increasing their wealth by 500 US dollars per second.

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� Every second 10 – 15 plant or animal species

disappear. 3,610m2 of rain forest is cut every sec.

� 40,000,000 people are currently HIV positive

� In the year 2000.a meteor hit the Pacific with an

impact force of 4 hydrogen bombs. It takes only 5 to 6 hydrogen bombs to kill 90% of France’s population. Every 4 to 4.5 thousand years a meteor, which can destroy New York, hits the Earth. Every

19 million years a meteor hits the Earth and destroys 80-90% of all plants and animals.

� In about 50,000 years we will enter an ice age. Half of the World’s surface will be covered in ice. The Moon is getting further from the Earth every year by 4-5 centimeters. In 400 000 years the Moon will be so far away that it wouldn’t be able to cause sufficient tides, and this alone will kill 90% of sea

life. Don’t forget it is the Moon’s periodical interaction with Earth that caused first organic molecules to become self-producing 3.5 billion years ago thus igniting life on Earth.

� The mathematical probability that there

are no other life forms in space but our own is 0%. Petrified worm-like bacteria have been found on Mars.

� The Sun will cease to exist in 5 billion years.

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There are 1500-2000 billionaires in the world.

There are 200-250 million millionaires in the World or

3- 4% of overall population.

Who is a millionaire? A millionaire is a person

whose net worth is above

1 million-dollar line.

The richest 7% of the population

own more than ½ of the World.

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The average American Millionaire: � I am a fifty-seven-year-old male, married with three

children. About 70% of us earn 80% or more of our household’s income.

� About one in five of us is retired. About two-thirds of

us who are working are self-employed. � Self-employed people make up less than 20% of the

workers in America but account for two-thirds of the millionaires. Also, three out of four of us who are self-employed consider ourselves to be entrepreneurs. Most of the others are self-employed professionals, such as doctors and accountants.

� Many of the types of businesses we are in could be

classified as dull-normal. We are welding contractors, auctioneers, rice farmers, owners of mobile-home parks, pest controllers, coin and stamp dealers, and paving contractors.

� About half of our wives do not work outside the

home. The number one occupation for those wives who do work is teacher.

� Our household’s total realized (taxable) income is

$131,000 (median, or 50th percentile).

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The average American Millionaire: � Those of us who have incomes in the $500,000 to

$999,999 category represent 8% of all millionaires, while those who fall into $1 million or more category represent 5% of all millionaires or only 0.175% of the total population.

� The typical (median or 50th percentile) millionaire

household has a net worth of $1.6 million. � On average, our total annual realized income is less

than 7% of our wealth. In other words, we live on less than 7% of our wealth.

� Most of us (97%) are homeowners. We live in

homes currently valued at an average of $320,000. About half of us have occupied the same home for more than 20 years. Thus, we have enjoyed significant increases in the value of our homes.

� About 80 percent of us are first-generation affluent. � We live well below our means. We wear

inexpensive suits and second-hand clothes and drive American made 10 year-old cars. Only minority of us drive the current-model year automobile. Only a minority ever lease our cars.

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The average American Millionaire: � Most of our wives are planners and meticulous

budgeters. Well above 90% of us keep day-to-day expenses. We note everything, even the price of bubble gum bought on a gas station.

� We have a “go-to-hell fund”. In other words, we

have accumulated enough wealth to live without working for ten, fifteen or more years. Thus, those of us with a net worth of $1.6 million could live comfortably for more than 12 years.

� Throughout our lives we saved at least 20% of our

earned income and invested it wisely. Actually those of us who used to live in cockroach infested buildings when they were young saved more than 30% of their income.

� 65% of us at some point in our lives have lived more

than couple of months on bread and water alone to be able to save enough to invest.

� We are educated. 20% of us are not college

graduates. Many of us hold advanced degrees. 18% have master’s degrees, 8% law degrees, 6% medical degrees and 6 % Ph.D.s.

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The average American Millionaire: � Only 17% of us or our spouses ever attended a

private elementary or private high school. But 55% of our children are currently attending or have attended private schools.

� We spend heavily for the education of our offspring. � About 2/3 of us work between 45 and 55 hours per

week (that is 9 – 11 hours a day). � 73% of us calculate our yearly budget, and set

wealth-accumulating goals. � 79% of us have at least one account with a

brokerage company. But we make our own investment decisions.

� We hold nearly 20% of our household’s wealth in

publicly traded socks and mutual funds. But we rarely sell our equity investments. 21% of our household’s wealth is in our private businesses.

� Fewer than 20% inherited 10% or more of their

wealth.

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The average American Millionaire: � More than half never received as much as $1

inheritance. � Nearly half never received any college tuition from

their parents or other relatives. � An average millionaire watches just less than 1 hour

of TV a day, and even then business channel or family program. Nonmillionaires watch 6 hours of TV a day, while an average citizen of Serbia 5 hours.

� Almost every millionaire has a detailed daily, weekly

and monthly schedule. � Almost every millionaire has written down and

analyzed his/her month, year and five-year goals. Only 3% of the total population have their goals written in any form.

� An average millionaire spends at least 3.5 hours a

week discussing family issues, finances, choirs, goals with his wife and/or children.

� Only 11% of all millionaires ware a watch that costs

more than 250 dollars.

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The average American Millionaire: � At the end of every week millionaires look at their

expense notes and find new room for saving money. � Millionaires read around 26 books a year. That is

one book every two weeks, and that is not including work-related material.

� Millionaires are meticulous seminar searchers and

attendees. And average millionaire will attend at least 2 seminars concerning finances, tax of family life a year.

� Millionaires save money by wearing second hand

clothes, buying groceries in bulk, using the A/C only in summer and only when necessary, not using water heaters during summer, having state of the art heat isolation.

� Millionaires do not have credit card debt (it has 11-

15% yearly interest rate), while 50% of nonmillionaires have credit card debt.

� Every millionaire knows precisely what is his/her net

worth. 91% of nonmilionmaires can not recall what they spent their money in the last 10 days, let alone knowing their net worth.

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The average American Millionaire: � Millionaires make friends with accountants,

investment bankers, estate planers, and spend their free time socializing and learning from them.

� It was mentioned earlier that an average millionaire

works from 9 to 11 hours a day. This information can be misleading. Actually when those same millionaires were starting their carriers they used to work 6 days in a week for 80 or 90 hours (13 – 15 hours a day!). Interestingly, the first things they bought, after getting a job, were a sleeping bag and a thermos.

NOTE: All the mentioned information is the result

of twelve-year lifestyle research. In the course of more than a decade 12,487 millionaires answered our questions. The research included millionaires of all social groups, backgrounds, and races. The study was mainly concentrated on average millionaires, but people who earn 5, 10, or even 20 million dollars a year were also questioned. This is so far, by far the largest and most detailed lifestyle study ever conducted.

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Different words meaning money or in

some other way connected with the

term money.

Ackers Informal British term for money.

Alimony The amount of money that a court orders someone to pay regularly to their former wife or husband after their marriage has ended.

Allowance An amount of money that someone receives regularly, which they do not earn by working.

Ammo American street name for money, usually associated with drug traffickers

Assets All the money and property which a company or person owns, and which they sell or use if necessary.

Backhander

An informal British meaning a small amount of money paid to someone to persuade them to do something that is dishonest but usually not very serious

Bad boys Informal American term, meaning large notes. Beans Informal American term for money

Benefit Money that people receive from the government if they have no job, do not earn a lot, or are sick.

Benjamins Informal American term for money. Benjamin Franklin can be found on a 100$ note.

Big boys Informal American term, meaning large notes. Bones Informal British term for money. Brass Informal British word, meaning cash. Bread Informal British word, meaning cash.

Bribe Money paid to someone in an official position in order to persuade them to do something dishonest.

Buck Informal American word, meaning cash. Bung Informal British term for bribe. C – note 100$ note

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Different words meaning money or in

some other way connected with the

term money.

Cabbage Informal British term for money, but also means that you have saved a certain amount of money.

Capital A large amount of money that can be used to start a new business of business activity and from which you may at some time receive profit.

Captain Crunch

Informal American term. A big stack of money, named Captain Crunch after a very popular cereal that can be found in very big boxes.

Cash Money in the form of coins and notes. Cent = 1/100 dollar. Century 100 dollar or pound note. Change Money in form of coins Chinkey, Chinkie, Chinky

Informal word meaning money in coins, or very small amounts of money.

Cholesterol

Informal American term for money, meaning that somebody has so much money and whatever the amount he/she spends the money just keeps coming.

Clams Informal American term for money, usually in cash.

Crisps Money in form of notes, but newly printed

Crumbs Informal word meaning money in coins, or very small amounts of money.

Currency The particular type of money that is used in a country or to buy goods and services from that country.

Dead presidents

An informal American term. Money in form of notes. American dollars have pictures of former US presidents.

Dibs Informal British term for money.

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Different words meaning money or in

some other way connected with the

term money.

Dime = 10 cents, but it also means small amount of money.

Do–Re–Me An informal American term. Money in from of notes. This term is usual in broader New York area.

Doddle Informal British term for money. Dosh An informal British word meaning money.

Dough An informal word meaning money, especially a lot of money.

Envelope A term associated with giving or taking a bribe, meaning money in an envelope.

Feathers An informal American term. Money in form of notes. Especially when there is a lot of money in a big pile.

Figure A stated amount of money.

Finances

All the money that a person, company, organization etc owns, especially when it is regularly checked so they know about any changes in it.

Fortune Informal expression meaning a lot of money.

Fund A large sum of money that is collected and kept especially so that it can be used by a particular group of people who need it.

Gees An American informal term, usually used when meaning a lot of money, especially thousands of dollars.

Income All the money that someone receives regularly, for example from their job, form their savings or from the government.

Investment The money that people or organizations have to put into a company, business or bank in order to make a profit.

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Different words meaning money or in

some other way connected with the

term money.

Kickback

A large amount of money paid to someone in a high position in a company or government, in exchange for dishonestly arranging a business deal.

Kitty A sum of money that is put in gambling.

Large ones Informal American term, meaning hundreds or thousands or millions of dollars.

Lettuce An informal term, meaning money.

Maintenance Money that is paid regularly by someone to their former wife or husband in order to support their children.

Means All the money that you own, especially if it is enough for everything that you need.

Mount Rushmore

Informal American term especially used when needed to emphasize the number of different notes amounting to a lot of money.

Mullah An informal term for money.

Nickel = 5 cents, but it also means small amount of money.

Pees in a pot

An informal term, meaning that all the money is in its place.

Pension

An amount of money that old people receive regularly from the government, their former employer, or an insurance company after paying in money over many years.

Pocket money

A small amount of money that children receive from their parents every week.

Premium An amount of money paid to the insurance company.

Resources All the money, property, or goods that a company, organiyation, or country owns and that can be used to make more money or to provide services.

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Different words meaning money or in

some other way connected with the

term money.

Savings The money which you have saved, which is usually kept in a bank or some other financial institution.

Smackarouse Informal American term for money, usually in cash.

Sponsorship

Money that is provided by a company or by the government to pay for someone to do something or pay for something such as a sports event, art show, etc.

Subsidy An amount of money provided by the government to reduce the cost of something.

Sugar An American informal term. Usually used by prostitutes.

Sum An amount of money, especially when the exact amount is not stated.

Tea and biscuits

British informal term used when you want to emphasize that there is couple of large notes and a lot of coins (change).

The wherewithal

The money that you need in order to do something or pay for something.

Tidy sum An expression meaning a large amount of money, used especially when you are pleased of surprised about it.

Tip

A small amount of money that someone leaves when paying the restaurant, café… bill. It is usually 10 – 15% of the amount that has to be paid.

Wage An amount of money that you receive on a weekly or monthly basis from the company you work for.

Welfare An American word meaning the money that is paid by the government to people without jobs.