Hawaii – We Have the Most Millionaires!

One of my favorite jokes is the answer to the question: “What’s the fastest way to make a million dollars?” Answer: “Start with $10M and buy a winery….” There may only be two wineries in the great state of Hawaii, but we have “plenny” Millionaires!

You don’t need a million dollars to enjoy this view from MLS# 237905!

The 50th — and I would argue best — state in the nation has for the third year in a row won the distinction of most millionaires per capita. While some may say, “That’s because you can’t afford to live in Hawaii unless you have a million dollars,” the truth is far, far from that, as just under 7% of the population falls into the millionaire category. According to the story in the Star Advertiser, it’s because we have a “large concentration of highly educated professionals and business owners which are key ingredients to growing wealth.” Of course, having a large concentration of some of the most expensive luxury property in the world doesn’t hurt either.

I happen to believe that Hawaii is a state that will continue to create more millionaires every year as we lead the country in our commitment to sustainable building and decreasing our dependence on foreign oil. Check out this video from one of our state’s most influential Congresswomen, Mazie Hirono:

I can guess from what industry our future millionaires will be born. Can you?

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3 Responses to “Hawaii – We Have the Most Millionaires!”

  1. jan nores
    October 5, 2010 at 10:09 am #

    That is the challenge & heartfelt request to all the great people out there that want to make a diiference & give back to this world, make it a better place.
    Start here, build sustainable homes & businesses!
    Together we can make it happen!

    Jan Nores R(S)
    Hawaii LIfe Real Estate Services, LLC

  2. Herb Grabell
    October 5, 2010 at 9:28 pm #

    The Millionaire Next Door by Thomas J Stanley espouses succinctly how millionairs became and remain millionairs. Simply, they buy smart, and do not care or try to keep up with their neighbors. Actually, we have the opportunity here in Hawaii to make money by building smarter energy efficient houses, decreasing our monthly utility expenses over the long term, and staying healthier at the same time! As utility costs continue to rise, we do have a smart building hedge!! Contrary to many beliefs, passive smart building costs are relatively minor or par to existing inefficient standard building practices. Contrary to the book, let’s hope our neighbors will follow those of us who learn and choose to build smarter We will all save, increase our millions and give back to our amazing Island (AINA). WIN WIN WIN!!

  3. Katie Minkus, R(BIC)
    October 6, 2010 at 8:08 am #

    @Herb – you are exactly correct!! We have such an enormous opportunity here in Hawaii to do things “right” for the future of our ‘aina!

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