1 in 7 adults is a millionaire in Switzerland. Why?

Switzerland has a high concentration of millionaires. Data shows that approximately 1 in 7 adults in Switzerland is a millionaire.

That's over 5x higher than Canada. Here's WHY and top 7 ways the Swiss think about wealth building and best in class wealth-building habits to become financially independent.

Fact 15% of Swiss adults are millionaires, that's over double the rate of Canada yet Switzerland isn't even in the top 10 for average income. Ok so what gives? It's all about mindset shifts – here's one reason:

They Rent for Life and it's A-OK.

Shocking fact: Only 41% of Swiss own their homes. In the Canada? It's over 60%.

Guess what, Swiss millennials aren't obsessed with buying houses. Why? They invest the difference in high-yield assets instead. Yup they are compounders from a very young age.

Meanwhile...

They Treat Saving (building wealth) Like a Bill

Most people save what's left after spending. The Swiss? They spend what's left after saving. They automate 20-30% of their income into savings BEFORE touching it. It's not about willpower. It's about systems. But saving alone won't make you rich:

Swiss People Invest in Learning

The average Swiss spends 5-10% of their income on education and skills. Every year. They're not chasing degrees. They're after specific, high-value skills & financial literacy.

Speaking of finances: The Swiss don't put all their eggs in one basket. They typically use 3-5 different banks for various purposes:

? Local bank for daily transactions ? Private bank for wealth management ? International bank for foreign exchange Why do this?

Risk Mitigation & Opportunity Maximization Different banks = different strengths and offerings. For example, one might offer better rates for real estate investments, while another excels in international trades. It's about leveraging each bank's unique advantages.

My favourite by a longshot

Master "Stealth Wealth"

You won't see Swiss millionaires flaunting lambos or designer apparel. Yes, the swiss are stealthy and live below their means and reinvest the difference. It's not about deprivation. It's about delayed gratification.

But the real game-changer?

The Approach Swiss investors think beyond borders. They diversify globally.

These strategies require patience and a long-term mindset. The Swiss aren't after get-rich-quick schemes. They're building generational wealth. And that's perhaps the biggest lesson of all: True wealth isn't about making money. It's about keeping and growing it.

So, what can we learn from the Swiss millionaire mindset? ? Automate your savings ? Live below your means ? Invest in high-value skills ? Think long-term and globally ? Diversify across banks and borders

The path to building wealth is not a race it's a marathon.

Credit: Statista and Darshan