Affluent Auctioneers: More than 35% Auctioneers worldwide are Millionaires

According to one survey, more than 35% Auctioneers worldwide are Millionaires. Now, this is a blue collar profession and still it has this much amount of millionaires in this profession. Even Doctors & Lawyers communities don’t have as high as 35% of millionaires.

Than What is the reason behind this statistics? Well, let us discuss it today.

- Auctioneers are more frugal than other professionals such as doctors, lawyers, actors & IT Professionals. Thy live below their means and their per head average spending is much much less than the people earning the same but from other professions like doctors and lawyers. And this frugality pays in the long run. In the long run, Auctioneers accumulate more wealth than other professionals.

- The average millionaire auctioneer spends only 60% of the amount urban/suburban millionaires allocate for housing.

- White Collar professionals are more likely to own luxurious automobiles and other high status toys such as expensive watches, clothes and jewellery.

- One interesting fact about auctioneers is that, Auctioneers hold a higher proportion of their wealth in appreciating assets than do other high-income group people and they invest in those assets only in which they have expertise.

Now, this is really eye opening fact. What most of the people in the world do is, they rush to invest in those assets class about which they know very little to nothing. But what these auctioneers do is, they invest in those asset classes in which the have expertise. Such as if some auctioneer has expertise in Vintage Guitars than he/she will invest in Vintage Guitars only and like that.

Investing in the assets in which you have expertise is a key to become rich and wealthy over the time.

- The Annual Income of Auctioneers fluctuate very well and that’s why they keep good amount of emergency fund in their bank accounts. And this uncertainty in the earnings make them more money savvy.

Thus, all of the factors combinely explain the fact that, why this blue collar professionals are wealthy…!!!