Want To Be A Millionaire: If you are a regular reader of celebrity net worth, you aspire to one day be a millionaire and perhaps eventually join a billionaire club. After all, money may not be able to buy happiness, but it ensures that the rest of life becomes much easier. A recent study showed that there is a possibility that we all know at least one millionaire.
Why? how? By the way, more than 8% of adults in the United States have enough assets to fit the definition of a millionaire according to a Credit Suisse report. This means there are more than 20 million American millionaires. They can fly under the radar and be someone you least expect. The average American millionaire is a regular, hardworking person. Most of them built their wealth over the years by making smart decisions about their career path from real estate to investment and beyond.
Chris Hogan of “Everyday Millionaire” interviews more than 10,000 millionaires and finds that they share all five things that they do with their money. He found that the average millionaire was not driving an expensive luxury sports car and living in a mansion. They were more likely to be your next door neighbor or your coworker. Television shows may portray millionaires as attractive people, but Hogan found that to be far from the truth. Today he has worked hard over the years to build the seven-figure (or more) wealth he possesses.
Those who have become self-made millionaires over time have made good use of their 401k, 403b, Roth IRA and IRA accounts. Millionaires focus on getting out of debt and staying out of debt after reaching that milestone. So whether you have $ 40,000 in the bank or $ 400, we all have the opportunity to make a plan and put ourselves on a path to a brilliant financial future. Hogan found that:
- They talked about living less than 94% of the millionaires. For the general population, this figure is only 55%.
- 93% of millionaires use coupons when they shop and spend $ 200 or less per month on restaurants. It is important for us non-millionaires to look at areas to save, to get a deal and to intentionally spend less. Find ways to cut your grocery and eat bills. Be very intentional about the money you spend.
- 93% of the 10,000 millionaires Hogan surveyed stick to the budget they make themselves.
- 97% of millionaires believe they are in control of their destiny. Among the US general population, about 55% of people feel this way, even though they have an average US wealth of $ 76,984.
In summary, Hogan pointed out that having the right knowledge, the right mindset, and the right kind of action can lead you on the path to building your own million-dollar net worth. What do you think Do you have what it takes to be a self-made millionaire?