Comments on: The Millionaire in the Making Series – Stats! http://ptmoney.com/the-millionaire-in-the-making-series-stats-trends-and-other-info/ Real Personal Finance for a Life Without Limits! Thu, 29 Mar 2012 02:15:21 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Kayakchttp://ptmoney.com/the-millionaire-in-the-making-series-stats-trends-and-other-info/comment-page-1/#comment-6853 Kayakc Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=112#comment-6853 One observation is that the MITM profiles do not list a category for 'College Savings'. One observation is that the MITM profiles do not list a category for ‘College Savings’.

]]> By: PThttp://ptmoney.com/the-millionaire-in-the-making-series-stats-trends-and-other-info/comment-page-1/#comment-4251 PT Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=112#comment-4251 I agree, EnoughWealth. I didn't think to use the Median. Thanks for stopping by and digging into the stats with me. I agree, EnoughWealth. I didn’t think to use the Median. Thanks for stopping by and digging into the stats with me.

]]> By: EnoughWealthhttp://ptmoney.com/the-millionaire-in-the-making-series-stats-trends-and-other-info/comment-page-1/#comment-4249 EnoughWealth Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=112#comment-4249 For calculating the "Average" Business Value as $536,250.00 , it looks like you just averaged the four profiles that reported a business value. It would be more usual to calculate the average business for the entire cohort of 60 profiles ie. $35,750. This of course assumes that all 56 MITM that didn't report a business value have no business...In any case, with a sample size of only four, the average business value is severely skewed by the one high value ($1.7m). The other three reported business values only total $445,000! With such a small sample size the median value of the four would probably be a better indicator (around $180,000?) For calculating the “Average” Business Value as $536,250.00 , it looks like you just averaged the four profiles that reported a business value. It would be more usual to calculate the average business for the entire cohort of 60 profiles ie. $35,750. This of course assumes that all 56 MITM that didn’t report a business value have no business…

In any case, with a sample size of only four, the average business value is severely skewed by the one high value ($1.7m). The other three reported business values only total $445,000! With such a small sample size the median value of the four would probably be a better indicator (around $180,000?)

]]> By: money funkhttp://ptmoney.com/the-millionaire-in-the-making-series-stats-trends-and-other-info/comment-page-1/#comment-2172 money funk Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=112#comment-2172 This is a really neat analyzation of the MITM. I'm definitely gonna let people know about it on my blog, as I think the results are very interesting (also, makes me realize I am far from par). ;) This is a really neat analyzation of the MITM. I’m definitely gonna let people know about it on my blog, as I think the results are very interesting (also, makes me realize I am far from par). ;)

]]> By: hankhttp://ptmoney.com/the-millionaire-in-the-making-series-stats-trends-and-other-info/comment-page-1/#comment-691 hank Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=112#comment-691 Wow. That's actually a really deep dive into it. Surprised it didn't get more traffic. Love the input. Looks like I'm off the map with 2 kids (and the wife wants another) - I may not make it to a million as I'd planned! :) Wow. That’s actually a really deep dive into it. Surprised it didn’t get more traffic. Love the input. Looks like I’m off the map with 2 kids (and the wife wants another) – I may not make it to a million as I’d planned! :)

]]> By: Jonathanhttp://ptmoney.com/the-millionaire-in-the-making-series-stats-trends-and-other-info/comment-page-1/#comment-97 Jonathan Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=112#comment-97 Interesting compilation you got there. Initially, I thought it might reveal some sort of bias as to who they chose to profile. But overall, it seems like they have a good mix going on. Interesting compilation you got there. Initially, I thought it might reveal some sort of bias as to who they chose to profile. But overall, it seems like they have a good mix going on.

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