Monday, March 19, 2012

Do You Want to Be a Millionaire?


Do you want to be a millionaire?

According to Forbes.com today there are about 8.4 Million millionaires and 413 billionaires in the united states.But back in the early 1900's there was only 5000 millionaires.

A lot of people think that in order to become  a millionaire you must become a famous singer or actor, but statistically those people are only in the 1% category.

Self-owned Business (74%)
People in this category as usually entrepeneurs, real estate agent etc. Nowadays starting a business can be done for less than a $1000 investment. Why not take a business that's already been done and try doing it 10% better?

Senior Executive Positions (10%)
Last year Tim Cook CEO of Apple was given a package that was valued at $378 million (U.S.). Many positions today are rewarded by the effort and the results that they produce, no longer by the amount of time committed to that company. Many jobs no longer provide the security that many people long for and most people could have more than four jobs in four years!


Doctors, Lawyers, and Other Professionals (10%)
These professionals make a lot of money but only a few of them end up becoming millionaires. Reason being is many of them spend more than they make. It's not about the amount of money you make but how you spend it, you must live within your means.

Sales People and Consultants (5%)
The great thing with sales is that many companies pay a base salary with commission, therefore there is no cap on the amount of money you can make. These people may not have degrees, licenses or certification but they are darn good at selling!

Stock Market, inventor, actors/actresses, singers/songwriters, authors, lottery winners, athletes (<1%)
People think that becoming a famous singer is the only way to make a million dollars but really this is in the less than 1% section. People like Miley Cyrus, Selena Gomez, Madonna, and Lady gaga are in the lime light right now but this is certainly a very rare job that creates millionaires.

To be part of the 74% you truly don't need some new, crazy idea. You can even do something that's already been done and just do it a little better! Don't believe the lie that you need a lot of capital to start a successful business today, you can actually start with something as simple as a lawn mower and start mowing your way in to the 74% of millionaires.



No comments:

Post a Comment