Here’s a fun website where money is printed: moneyfactory.gov


Did you know we have 1.3 trillion in college debt nationwide?


Do you know what the difference is between active income and passive income?


the average millionaire has 7 different sources of income


65% have 3 streams of income, 45% have 4 streams of income, and 29% have 5 or more


34% of Americans have no money saved 


35% of Americans have less than $1000


11% of Americans have between $1,000-$4,999


4% of Americans have $5000-$9,999


15% of Americans have $10,000 or more


the average credit card amount owed by millennials is $4,868


the average credit card amount owed by baby boomers is $7,175


the average credit card amount owed by Gen Xers is $8,291


the average per graduate in the US is $17,126 in university debt and 1,600,000,000,000 trillion nationwide..“Simple math suggests it’s likely better to get rid of debt before saving for retirement or adding to your emergency fund.”., 


“There are a number of good reasons to save first and pay later, but the top reason is to build your emergency fund. If your debt has a very low interest rate, it may make sense to save first”


“At the end of 2011, there were around 5.1 million HNWIs in the United States, while at the same time there were 11 million millionaires in a total of 3.5 million millionaire households, including those 5.1 million HNWIs.”


“Based on this definition, only 3.5 million (3.5 percent) of the 100 million households in America are considered wealthy. About 95 percent of millionaires in America have a net worth of between $1 million and $10 million.”


at 16 years old, you would need to earn $305 per day to make it to $1 million by 25, starting at 18, when you graduate high school, means you would need to earn $391 per day to make it to $1 million by age 25, you need to earn $685 per day, assuming you graduate at 22 years old, to become a millionaire by 25.


There are 36 million millionaires in the world. 


There are 2,208 billionaires.


Venture capital-backed firms raised 57.5 billion in 6 months in 2018. 


“ VC investors participated in more than 19,000 deals”


credit: bankrate/quora

https://amp.businessinsider.com/worlds-millionaires-own-nearly-half-the-total-wealth-2017-11

https://www.cnbc.com/amp/2018/03/07/forbes-there-are-a-record-2208-billionaires-in-the-world.html

https://www.businessinsider.com/venture-investment-first-half-2018-2018-7

https://pitchbook.com/news/articles/a-record-setting-year-2017-vc-activity-in-3-charts

There are 1,187 companies with 1 billion + and 95 are technology. 


The average billionaire is 63. 90% are over 45


Of the 7.5 billion on earth, 2000 are billionaires which means 1 out of 3 900,000 people are billionaires


It is more probable to win a gold medal (660,000:1) than become a billionaire


It is more probable to win an academy award (11 500:1) than become a billionaire


It is more probable to become a movie star (1 500 00:1) than become a billionaire


45% of the billionaires inherited a portion


20% of the billionaires inherited all of the wealth


35% of billionaires have no degree


65% of billionaires have a degree


14% of billionaires have anMBA’s


7% of billionaires have PhD’s


80% of billionaires are from a top 20 university


The youngest self-made billionaires are Mark Zuckerberg (23/Harvard), Evan Spiegal (23/Stanford), Bobby Murphy (25/Stanford), John Collison (26/Harvard), Patrick Collison (27/MIT)


Finance and Investments has 267 billionaires (15% of worldwide total)


Fashion and Retail has 221 billionaires (12% of worldwide total)


Real Estate has 163 billionaires (9% of worldwide total)


Technology has 159 billionaires (9% of worldwide total)


Manufacturing has 157 billionaires (9% of worldwide total)


Diversified has 145 billionaires (8% of worldwide total)


Food and Beverage has 141 billionaires (8% of worldwide total)


Healthcare has 113 billionaires (6% of worldwide total)


Energy has 80 billionaires (4% of worldwide total


Media and Entertainment has 74 billionaires (4% of worldwide total)


62% of Americans have less than $1,000 in a savings account. Even at higher income levels of between $100,000 and $149,999, 44% had less than $1,000. See here


66 million Americans have zero dollars saved in an emergency fund. 47% of Americans could not afford an emergency expense of $400. See here….43% of working-age families have no retirement savings at all. The median working-age couple has saved only $5,000 for retirement. 70% of couples have less than $50,000 saved. See here


65% of credit card users carry a balance (don’t pay off their bill every month), paying an average interest rate of over 15%. The average credit card debt for households that carry a balance is $16,048. 


See here and here


34% of Americans have no money saved


35% of Americans have less than $1000


11% of Americans have between $1,000-$4,999


4% of Americans have $5000-$9,999


15% of Americans have $10,000 or more


the average credit card amount owed by millennials is $4,868


the average credit card amount owed by baby boomers is $7,175


the average credit card amount owed by Gen Xers is $8,291


the average per graduate in the US is $17,126 in university debt and 1,600,000,000,000 trillion nationwide


There are 3,800,000 million apps on Android and 2,000,000 apps on Apple’s App Store


9/10 startups fail


7/10 fail new companies fail after the first 10 years


Y Combinator says, “make something people want”


There’s something called “virtual communities”


Peter Thiel says PayPal was successful because of network effects 


The average successful entrepreneur is 40 years old, has a college degree, had 10 years of work experience (according to a machine learning data set of startup funding), is with a team member with an ivy league degree, a team member who worked at a big four tech company, and a female cofounder


cresit: medium, quora (upon request will be able to find where this all came from)https://www.youtube.com/watch?v=jlgmO-4uU4Q