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Stanley's book, "The Millionaire Mind" surveyed over 1,000 indidividuals, 733 who were millionaires. To find the millionaires he used a search method called geodemography. A method develop by Jon Robbin, a Harvard professor. The surveys were sent to 2,487 neighborhoods (selected from 226,399 neighborhoods) all around the country that were most likely to contain millionaires.

In Stanley's book, "The Millionaire Next Door", the same search method was used. In that study, 1,115 responded from all over the country and of those 385 were millionaires.

To be honest, I have only skimmed Edelman's book while browsing Barnes & Noble. But I believe he based his "findings" on interviews with clients he's visited with over the years. I believe he mentioned a figure of 5,000 clients (included all years he's been financial planner).

NOTE: and Harris Interactive conducted a poll of wealthy individuals (defined as a net worth of $500,000) called the Wealth Pulse. If anyone out there has heard of this poll and has access to some of the information, I'm sure we could learn a lot from it. It's a very costly poll. $2,000. It can be purchased on Amazon in case one of you free wheeling millionaires doesn't mind purchasing it. :-)

The Wealth Pulse was developed by Worth Interactive to examine wealthy Americans' values, attitudes, beliefs and intentions, and to determine if and how they differ from those of the general population. Wealth and Values is the first in a series of surveys that will comprehensively document the point of view of high-net-worth individuals in America today. Wealth and Values is the result of a survey conducted by Harris Interactive, Inc., the global leader in online market research. Harris Interactive surveyed a representative sample of adults and wealth-market adults online, obtaining their responses on a series of subjects including happiness, security, charity, religion, employment and politics. For this study, the wealth market was defined as adults aged 21 or over with a household income of $150,000+ and net assets (not including primary residence) of $500,000 or more. In keeping with Worth Interactive's view of the wealth market as a highly varied group, responses were analyzed by age, gender, source of wealth, recency of wealth and level of assets. Highlights include facts and figures on attitudes towards charity, financial security, religion, faith and spirituality, relationships,career/employment, politics and children.
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