Millionaires are fairly common these days and some of us may even know one or two. Being a millionaire although still not a common attribute is not what it used to be as far as finances are involved. It’s the billionaire that today represents what the billionaire was years ago. And now we are seeing the rise of the billionaire. But even if being a millionaire is not what it used to be, it’s still quite accomplishment and plenty of people still want to be a millionaire. Here are some things that may be surprising about millionaires.
A lot of people think that millionaires live extravagant lifestyles but contrary to that belief, there are plenty on millionaires that don’t live extravagant lifestyles. They live in regular neighborhoods and have average houses. In fact, this is how they were able to amass their fortunes. Most of the time they don’t buy expensive clothes, boats or drive expensive cars. Some might consider them tightwads, but that’s how they got to where they are, by making good deals and saving money.
There is one trait that is common among millionaires though, as the old saying goes, “you’ll never get rich by working for someone else”. Many millionaires are either self-employed or own their own businesses.
The majority of millionaires invest heavily and spend much of their time studying their investments or seeking advice from financial advisors.
Investments are the way to riches, and no one knows it better than a millionaire. Being the top of the class or having the most degrees doesn’t guarantee millions. There’s a lot of millionaires who never got advanced degrees or graduated at the top of their classes. Some didn’t even go to college and some didn’t even finish high school.
The fact is, most millionaires are self-made and didn’t inherit anything. They made it on their own and most want their children to follow the same path that they did and do not plan on giving them a lot of money.