Want to Be a Millionaire? Live in One of These 10 Countries

Is it easier to become a millionaire in some countries more than others? According to a recent report by The Boston Consulting Group, the answer appears to be yes.

Feb 15, 2014 at 3:07PM

Rich People Andrejs Pidjassistockthinkstock
Photograph by Andrejs Pidjass/iStock/Thinkstock by Getting Images,

The net worth of every person on the planet adds up to $135.5 trillion.

To put that in perspective, when you divide it by the population of the world, you get an average net worth of $19,000. That's just barely enough for every person to buy a used 2012 Honda Accord with 50,000 miles on it.

This is just one of many facts revealed in a recent report by The Boston Consulting Group. Another interesting tidbit is that there are 13.8 million millionaire households in the world today.

Spurred on by rising equity indexes -- the S&P 500 (SNPINDEX:^GSPC) is up by 37% over the past two years alone -- the United States retained its convincing lead with 5.9 million millionaire households, or 43% of the total. Japan came in a distant second with 1.5 million millionaire households, or 11%.

In light of our collective fascination with the world's wealthiest people, I thought you'd find the rest of this list interesting. What follows, in turn, is a slideshow revealing the 10 countries with the largest number of millionaire households in the world.

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A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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