Being a millionaire today is not a big deal at all in fact very easy now being a billionaire is like yesteryears millionaire
Spoiler alert --here are the six myths:
1. Millionaires Are Smarter
2. Millionaires Are Just Luckier
3. Millionaires Live Lavishly
4. Most Millionaires Were Born Into Money
5. Millionaires Have to Be Fearless
6. They Earn Million-Dollar Paychecks
This is actually great news because it means that all of us not-so-smart bum-luck cowardly low-born cheapskates in crummy jobs really have a chance after all!
I am a self made multi millionaire and can attest to this articles truthfulness
And I will ad one personal observation. Nearly every millionaire I ever met owned their own business. And it doesn't seem to matter what kind of business as long as they do what they do well.
I used to deal with a lot of wealthy as well as formerly wealthy people.
From my experience I would guess they tend to be risk takers, honest with their dealings with fellow businessmen but sometimes crooked otherwise.
I would say they were very hard workers and that is one I am certain of. They tend to live modestly but not to the extent of miserliness. Not smarter than your average person but no dummies either.
BTTT
It explodes a lot of the stereotypes, and myths, about millionaires. Even better, it provides a roadmap for anyone who wants to achieve financial independence. I've followed the suggestions to good effect.
Bought copies for both of my twenty-something sons and am pleased that they have taken it to heart.
He graduated with an econ/poli science degree. Went to work for a real estate developer as a property manager. Met management and then formed a goal. While working he went to Johns Hopkins and got a masters in Real Estate. That was easy, right?
Keeping the eye on the ball, he and his new wife quit their jobs and went back to school...They racked up $350,000 in student loan debt. He got his MBA at North Carolina and she went to Wake Forest for her Law degree, finishing at Emory because his new job took him to Atlanta. For brevity's sake they had their student loans paid off in two years going back to work for the same real estate company he started with...almost 20 years later...they have more money than they know what to do with and all of the stuff that goes with it. GOOD FOR THEM! The American dream, to the max.
Now that the trading week is over, anybody have any thoughts on the Ukraine?? Stock wise? Potash? Any changes a person canprofit off of?
Becoming a millionaire is easy:
1. Start with $3,000,000 in 2008 and watch it dwindle after five years under a socialist government, or
2. Spend less than you make and work hard.
Glad to hear from you again. I hope you have been well. I think millionaires are just like regular people. Some are really good people and some can be real a-holes.
almost all people are NOT going to have a million dollars saved not including pension or SS...its not going to happen....
I’d like to believe I could be wealthy one day (by that, I mean I could actually enjoy a good retirement), but frankly, watching what our politicians are doing, I think my chance has passed. The dollar is virtually worthless, government is getting more and more control over one’s private life (and they just got a free pass to tax you for just about anything), there are more looters than producers now and the looters have government behind them, there are more businesses going under than are being created, and we’ve all but rolled over and shown our bellies to the people who desire nothing less than our complete destruction.
Hate to sound so pessimistic, but A is A. I don’t see things changing as they need to anytime soon, so optimism is becoming a luxury I can’t afford.