Portrait of self-employed millionaire businesswomen

Wednesday, July 23, 2008

Cheryl Bertrand, http://www.cherylbertrand.com/Stats.html

· Median age is 49

· We Typically wake up at 5:58 & retire at 10:32

· Usually work 49 hours a week

· Average income is $413,960

· Annual realized (taxable) Household income is $240,217

· Average household net worth of just under $2.9m – about 40 times the median net worth of the typical American household

· Average net worth is $4.75m – 1 in 12 (8%) have net worth in excess of $10m

· 98% are homeowners

· Significantly more likely than male counterparts to:

o Develop a detailed accounting system for tracking all household spending

o Research more thoroughly the stocks we consider

o Hold stocks longer

o Use financial counselor services like trust or commercial investments

o Have well-defined short & long term investment goals

· Supporters of noble causes – on average donate 7% of annual income – 3.5 times the average of American households

· More frugal than men

· Goal oriented

· We persevere!

Return to Library of Business Information