Ramsey Solutions recently conducted one of the largest surveys of its kind, gathering insights from 10,000 millionaires to uncover the secrets behind their financial success.

The results are both enlightening and inspiring. They challenge common myths about wealth and provide a blueprint for anyone aspiring to become a millionaire themselves.

How did these millionaires accumulate their wealth? What careers did they pursue, and what positions did they hold? What key factors contributed to their remarkable success?

Let's dive in and find out:

1. Only 15% of Millionaires Hold A Senior Management Position

The most common careers of the millionaires surveyed are:

- Engineer

- Accountant (CPA)

- Teacher

- Management

- Attorney

Furthermore, 69% of millionaires averaged less than $100K per year over their careers.

2. Only 3% of Millionaires Received $1 million Or More In Inheritance

A staggering 79% of the millionaires received nothing at all.

Moreover, 80% grew up in or below a middle-income family, and only 2% from an upper-income family.

3. 75% Became Millionaires Through Consistent Investing

Consistently setting aside money for investment and allowing it to compound over a long period is the main reason 75% of them become millionaires.

They didn't risk it all and hit the jackpot on a single stock.

4. 94% Lived Below Their Means

They have always lived within their means, never exceeding their earnings. What's more, 75% of them have avoided accumulating debt by never carrying a balance on their credit cards throughout their lives.

They rarely dined out at restaurants, spending $200 or less monthly. Lastly, 93% used coupons, and 85% used a grocery list when shopping.

The True Road to Becoming a Millionaire

This survey highlights the common misconceptions of how millionaires get their money.

It also confirms that millionaires are not made through winning the lotteries or earning excessive salaries but through disciplined investing, living below their means, avoiding debt, and making wise financial decisions over the long term.

Thus, this study shows that the path to becoming a millionaire is indeed achievable and accessible to anyone willing to adopt these habits.