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"Some worked right out of high school to start their careers and worked their way up, and some graduated college with $50 in their checking account." "These are individuals and couples that started with little," Daugs tells Select. According to Daugs, these clients have an average net worth around $6 to $8 million and range in age from 40 to 55 years old. To get some insight into how self-made millionaires manage their money, Select asked Faron Daugs, certified financial planner, founder and CEO at Harrison Wallace Financial Group, about the financial habits his wealthiest clients all share that could apply to the average person.įor the purpose of this article, Daugs focused on only his wealthiest self-made millionaire clients who have not inherited wealth or trust funds.
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