Hey, Millionaire! You know I love the idea of becoming a millionaire! That's what we're all
here for. And, of course, winning the lottery is the easiest way to do that.
But that doesn't mean it's the only way. We all want to do it the easy way,
but some people play the lottery because they don't think there's any other option. But really,
if you look at the facts, you'll see there's no reason to believe you can't become a millionaire
just by working hard and smart. I've gathered together some facts about real millionaires that
most people have never heard. If you're thinking you'll have to scrape your coins together for
the rest of your life if you don't win the lottery, these facts will prove you wrong.
You're capable of achieving more than you realize. Just listen to this!
10 - You don't need a rich family. You already know the first thing everyone
mentions when they're explaining why they'll never be a millionaire - the rich family. Most people
believe that only people from rich families become millionaires. But did you know that's not true?
Sure, I'll bet it's much easier to get rich if your family can give you limitless cash to start
a business or if you've entered your adult life with a huge trust fund. But in reality,
only 20% of millionaires inherited their wealth! According to the book,
The Millionaire Next Door, the other 80% of millionaires created their wealth
all on their own. I guess that's why so many rich people talk about being "self-made."
9 - There are more millionaires than you think If you think that millionaires are a super rare
breed, you're wrong! You might think you have more of a chance of being struck by lightning
than becoming a millionaire, but actually, the odds are in your favor! Statistics show that one
in every 854 people are millionaires! In other words, you're actually more likely to become a
millionaire than you are to win the lottery. Who ever saw that coming? Definitely not me. So if
millionaires aren't as rare as you thought, why wouldn't you be able to become one too?
8 - Don't wait for someone else to give you the opportunity
Okay, so you might need some help. But you definitely don't need to wait for someone
else to help you become a millionaire. You probably think most millionaires got that
way because they were promoted to the top in the right company. But actually,
half of all millionaires are self-employed! This goes back to the concept of being "self-made."
It turns out that most millionaires are starting small businesses, learning stock trading,
or even selling themselves the right way to make their fortune! They didn't wait around
for a promotion or a raise. They just went out there and did something to gain their wealth!
Are you self-employed? Tell us in the comments!
And keep watching - fact number 1 is going to blow your mind!
7 - Hard work will get you far
If you think most millionaires are sitting on the beach on their private islands being
served exotic cocktails all day, you're wrong. Only 20% of all the millionaires
in the world are retired. The other 80%? They're working. And they work hard. Sure,
most of them probably have the funds to retire. But, the more you work, the more money you earn.
I'll bet it's pretty hard to stop once you start seeing all that cash flowing into your account.
6 - You can't just stick to one thing. I'll bet you've been planning your amazing new
business since we mentioned most millionaires are self-employed. But don't get too caught up in your
grand plan. I'm not only saying that because you invented it a few seconds ago - there's a bigger
reason. Most millionaires don't just stick to one idea. In reality, they have their hands in many,
many cookie jars - much more than you expect. The average millionaire dabbles in about 17 different
potential money-makers. Whether it's a business, an enterprise, a deal, or a concept, they're
dipping in and out of them all the time! That's a lot, right? It's no wonder they have so much cash
if they're involved in all those things, right? Wrong! Most of them never make much money at all!
On average, millionaires only hit it big on the 18th try! But that teaches us one big lesson - if
most millionaires failed 17 times before hitting it big, the trick is probably not giving up.
5 - It's not all plain sailing. Imagine you've grown a huge fortune.
Congratulations! That must have been hard work - especially if you had to try out 17 different
money-making schemes before you earned a million. What happens if you wake up in the morning and
it's all gone? After all, it happens - all you need is for one thing to go wrong. Does that
mean you've failed? Absolutely not! Amazingly, statistics show that the average millionaire
will go bankrupt 3.5 times! That's a pretty shocking statistic, right? That doesn't mean
that you should be filing for bankruptcy over and over in the hopes you'll suddenly get rich. But it
does go to show that failing isn't always as bad as it seems. Most millionaires use that kind of
failure to learn what to avoid next time. And then they bounce back even stronger! It turns out that
millionaires use failures as lessons all the time, so maybe you shouldn't be so hard on yourself!
4 - What the average millionaire really looks like.
Remember how we said millionaires usually try out loads of businesses and go broke several
times before finally making their fortune? You can't do all that in just a year or two.
Because of all that, the average millionaire probably doesn't look like you imagined.
Most of them are actually 61 years old, with an average of $3.5 million! If that's not what
you were picturing, you might need to change your view of what millionaires are really like.
What did you think the average millionaire looked like? Did we surprise you? Tell us
in the comments, and keep watching for the shocking fact at number 1!
3 - Don't mention your age Okay, so what if you're not
happy about waiting until you're 61 to become a millionaire? That's alright because you'll only
get your millions by working right now. But have you been beating yourself up about not
making a million by the age of 25? Or 30? Or even 40? Sure, it would be great to make loads
of cash at a young age, and some people do. There seem to be loads of young influencers,
tech wizzes, and innovators out there who make millions or even billions by their 20s. Some of
them aren't even out of high school when they make their first million! It can be discouraging, for
sure. But it's definitely not the norm. But what is the normal age for hitting your first million?
Most of them only made their first million at the age of 54! Statistics show that most
millionaires only hit on their dream business at around 45 years old. That statistic also teaches
us something very important. You might be about to celebrate your 30th birthday, but that definitely
doesn't mean you've missed your chance to become a millionaire. We need to forget about using our
age as a marker of success. But that doesn't mean you shouldn't be trying hard right now.
2 - Is it really harder these days? This is another thing people like to mention when
they're talking about never getting rich. Those people will tell you that it's much harder to make
money these days, so there's no hope of becoming a millionaire. But the stats tell a very different
story. Let's use America as an example. In the year 1900, there were just 5,000 millionaires
in the US. So how does that compare to today? Well, it doesn't look good for the 1900s. The
year 2000 was much wealthier, with an incredible 5 million millionaires! That's a huge jump, right?
A 10,000% increase in millionaires in just one country proves that it's just as easy,
or even easier, to make a million these days! If you're one of those people who thinks that there
aren't as many opportunities anymore, you might need to re-think. There are loads of things you
could be doing to make a million - you might just need to look through more positive eyes.
And finally, the most surprising fact of all is...
1 - A new millionaire is made more often than you think
If I still haven't convinced you that becoming a millionaire is totally possible, then I have
one more fact for you. People make their first million way more often than you think. Okay,
so it's not quite so fast that you can count down to it. But it's much faster than you're thinking.
One new millionaire is actually created every 58 hours! Can you believe that? That's less
than 3 days! So, if someone out there will become a new millionaire 3 days from now,
why shouldn't it be you? You might just be closer than you think.