There are a lot of millionaires around 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. Today we are seeing the rise of the billionaire and to some extent they represent what the millionaire did many years ago. Even though 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.
Contrary to what you might think, 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.
The old saying “you’ll never get rich by working for someone else” is very true. Many millionaires are either self employed of own their own businesses.
Investments are the way to riches and no one knows it better than a millionaire. The majority of millionaires invest heavily and spend much of their time studying their investments or seeking advice from financial advisors.
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.
It seems that 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.