I hit $1,000,000 in net worth when I was 36 after working 14 years in technology.
Most of what you hear about millionaires is dead wrong.
Here are 14 lessons I learned about being a millionaire after becoming one.
Most of what you hear about millionaires is dead wrong.
Here are 14 lessons I learned about being a millionaire after becoming one.
1. They didn't inherit their wealth.
The assumption that most millionaires got lucky has been proven false repeatedly.
Only 21% of millionaires inherited money. Just 16% inherited over $100,000.
3% inherited a million.
The assumption that most millionaires got lucky has been proven false repeatedly.
Only 21% of millionaires inherited money. Just 16% inherited over $100,000.
3% inherited a million.
2. Marketable degrees WORK.
Most millionaires have degrees in subjects like business, engineering, economics, finance, computer science, and medicine.
Sorry, your liberal arts degree didn't make the list.
The worst degrees: Philosophy, history, and psychology.
Most millionaires have degrees in subjects like business, engineering, economics, finance, computer science, and medicine.
Sorry, your liberal arts degree didn't make the list.
The worst degrees: Philosophy, history, and psychology.
3. A million isn’t “nothing.”
Money Twitter tries to convince you that a million is nothing these days.
Secret: None of these people are anywhere near a 7-figure net worth.
People around the world struggle to put food on the table.
A million can be EVERYTHING.
Money Twitter tries to convince you that a million is nothing these days.
Secret: None of these people are anywhere near a 7-figure net worth.
People around the world struggle to put food on the table.
A million can be EVERYTHING.
4. Loving money isn't the root cause of evil.
Most millionaires use money for good (you only hear about the ones that don't).
▫ Giving to charity
▫ Funding someone’s education
▫ Buying your mother a much-needed car
Collecting money isn’t the goal.
Using money for good is.
Most millionaires use money for good (you only hear about the ones that don't).
▫ Giving to charity
▫ Funding someone’s education
▫ Buying your mother a much-needed car
Collecting money isn’t the goal.
Using money for good is.
5. Money doesn't solve problems.
Money isn't magic. It won't magically fix everything in your life.
▫ Relationships
▫ Anxiety
▫ Loneliness
▫ Self-worth
Like a hammer, money is a tool.
Tools don't build homes by themselves.
Money isn't magic. It won't magically fix everything in your life.
▫ Relationships
▫ Anxiety
▫ Loneliness
▫ Self-worth
Like a hammer, money is a tool.
Tools don't build homes by themselves.
6. Accumulating a million isn't difficult.
Building wealth builds the confidence to build even more wealth.
Once your foundation is in place, you've taken 75% of the difficulty away.
This works for *any* net worth, BTW. $100K. $500K.
It works.
Building wealth builds the confidence to build even more wealth.
Once your foundation is in place, you've taken 75% of the difficulty away.
This works for *any* net worth, BTW. $100K. $500K.
It works.
7. Happy people attract wealth.
Happy people are easy to be around. Easy to love. Easy to support.
Happy people are magnets for wealth.
Angry people repel wealth.
Most people aren't happy because they are wealthy.
👉 They are wealthy because they are happy.
Happy people are easy to be around. Easy to love. Easy to support.
Happy people are magnets for wealth.
Angry people repel wealth.
Most people aren't happy because they are wealthy.
👉 They are wealthy because they are happy.
8. Friendships can be difficult.
Some friends are only friends if you're not better than them.
The second you do something amazing, they push away.
They make comments.
They treat you differently.
These aren't your friends.
Some friends are only friends if you're not better than them.
The second you do something amazing, they push away.
They make comments.
They treat you differently.
These aren't your friends.
9. Most millionaires are nice people.
The happiest people I've ever met have also been the richest.
'nuff said.
The happiest people I've ever met have also been the richest.
'nuff said.
10. Millionaires aren't greedy but they are protective of their wealth.
The more you have to protect, the more protective you get of your spending.
Every dollar we spend is meaningful.
Impulse purchases are almost non-existent.
Wealth encourages spending protection.
The more you have to protect, the more protective you get of your spending.
Every dollar we spend is meaningful.
Impulse purchases are almost non-existent.
Wealth encourages spending protection.
11. Millionaires use goals, not "luck."
Without a target, we are aimless. And we will have no idea if we’ve hit it.
Tangible goals are the stepping stones to seven figures.
No goals? No wealth.
Without a target, we are aimless. And we will have no idea if we’ve hit it.
Tangible goals are the stepping stones to seven figures.
No goals? No wealth.
12. Money doesn’t equal “success”.
Money without a loving family is a superficial success. Linking money with success is a relatively new social construct.
Money is great.
Family is everything.
Money without a loving family is a superficial success. Linking money with success is a relatively new social construct.
Money is great.
Family is everything.
13. Wealth is not meaningful without health.
Money can buy medication, but it can’t buy a healthy lifestyle.
Never sacrifice your health to obtain wealth.
Money can buy medication, but it can’t buy a healthy lifestyle.
Never sacrifice your health to obtain wealth.
14. The Joneses are broke.
Building wealth taught me how broke most of my neighbors are. They might drive BMWs and take expensive vacations, but they weren't rich.
They lived for paydays.
Building wealth taught me how broke most of my neighbors are. They might drive BMWs and take expensive vacations, but they weren't rich.
They lived for paydays.
These threads take a lot of time to write.
If you dig this thread, please leave a comment and RT the first tweet. It helps me and it helps you spread money intel that's much needed out there.
If you dig this thread, please leave a comment and RT the first tweet. It helps me and it helps you spread money intel that's much needed out there.
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