Skip to content Skip to sidebar Skip to footer

The Real Truth About Millionaires

The Real Truth About Millionaires

Money is an important part of everyone’s life. The more you have it, the more convenient your life would be. You can afford every basic necessity like food, housing and education without worrying even a little bit, and then you can also afford leisure.

That is why we are working hard every day to gather as much money as possible. And sometimes, we get jealous of people who've already got it, or we are usually called millionaires. There are a lot of myths around millionaires and here is the real truth about millionaires.

Most Millionaires Didn’t Get Their Title from Their Parents

A lot of people think that all millionaires only get their title and money from inheritance just because their parents are rich. But the fact is, almost 79% or 8 out of ten millionaires didn’t get their money from inheritance. Most of them are first generation millionaires who came from middle class families or even lower middle class families.

That’s right, most millionaires there are today were just working class people like most of us. The only thing they inherited from their parents are their fierce determination and amazing work ethics. So, if you want to be a millionaire, you absolutely can.

Most Millionaires Didn’t Get Their Money Because They Have High Paying Jobs

If it’s not from inheritance, most people would think that millionaires got their money from their jobs with incredibly high salaries like doctors, business owners, or executives. But you might be surprised, most millionaires don’t have jobs like those.

When 10.000 millionaires were asked about their jobs, the top three were accountants, engineers, and teachers. Yes, teaching, which is still criminally underpaid, is one of the most common jobs for millionaires. Maybe because they understand how important it is to plan your life and work hard, and want to help people to understand it too.

Most Millionaires Didn’t Go to Prestigious Private Schools

The next thing people usually think about millionaires is they went to prestigious, expensive private schools where they can get the best education, and the best connection to enter the best colleges and then can get the best jobs.

But the real truth about millionaires is that you don’t have to go to expensive private schools to be a millionaire. The fact is, around 60% of millionaires graduated from public high schools, and around 10% millionaires didn’t graduate from college at all.

Millionaires Didn’t Build Their Wealth by Themselves

Millionaires couldn’t get all their wealth just by working alone, that is impossible. They have mentors, friends, colleagues, investors, clients, and other people who slowly but steadily are helping them build their wealth over time. 

If you want to be a millionaire, you have to be open for everything because becoming a millionaire is also becoming a lifelong learner. Most millionaires have financial advisors and investment professionals to help them. When millionaires don’t understand something, they are not afraid to ask for help.

Most Millionaires Don’t Live a Lavish Lifestyle

Just because you could use your money to buy fancy cars or clothes, doesn’t mean you should. And that is exactly what most millionaires do in their life. Most millionaires were working class people, and they exactly understand how hard it was to earn money, so they’re not going to just waste it on fancy, unnecessary things.

The real truth about millionaires is that most millionaires look like just your everyday neighbors or coworkers. They drive ordinary cars, they don’t eat at five-star restaurants every day, and most millionaires only spend around $110 dollars on clothes.

Faisal “Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.” — Albert Einstein

Post a Comment for "The Real Truth About Millionaires"