The Millionaire Secrets

Millionaire, millionaire, millionaire… Everyone wants to be a millionaire, if it is possible for you, do you want to be? Of course, nobody would want to live their life poor right? So what kind of lifestyle a millionaire posses actually? Is it that a millionaire is someone who spend lavishly? Is it that a millionaire someone who dine in the finest restaurant in the world? Is it that a millionaire is someone who drive luxury car?

It may seem so, for the media. However, in real-life, it will be totally opposite. If you want to find out how media describe the life of a millionaire, read this post of mine, Don’t Go Wrong Together With The Media. A real self-made millionaire will not live their life this way. What I mean here is that, a self-made millionaire will not simply spend lavishly, dine in the finest restaurant, drive luxury cars. I don’t mean that they won’t buy all these things and enjoy their life, but they will only do all these after they have achieved their goals and with extra money to spend.

Some Real-Life Examples…

Did you know that IKEA’s founder, Ingvar Kamprad is the unofficial richest man in the world? His net worth is $53 billion. One of the reasons he managed to accumulate so much money is because of his frugal nature. Up to today, it is said that Kamprad flies economy, drives an old Volvo and even waits until the afternoon to buy his fruits and vegetables, when the prices drop significantly.

What about Sam Walton? If the founder of Wal-Mart is alive today, he will be the world’s richest man, Sam Walton. If you take a look at Forbes list of the ten richest people in the world, five of them are the Waltons who inherited their money from Sam. How did this once poor farm boy accumulate so much wealth? Again, he was well-known for sharing rooms during business trips to save money, flying only economy and wearing clothes from his own discount store.

Another classic example is Warren Buffet. It is said that Warren will not buy a brand new car as he thinks it’s just not worth the money. Back in the ’60s, Warren remarked that if he spent $20,000 on a new car, it would be worth little or nothing in ten years, He also knew that he could achieve a 25% annual compounded return on his $20,000 if he were to invest it. Going by this returns, investing $20,000 would bring him $158,518 in ten years, $1.26 million in twenty years and $9.96 million in thirty years…he figured that $9.96 million was just too much to waste on a car!

Why Make All These Money If You Can’t Enjoy It?

Many people have the wrong idea about what being a millionaire is all about. They believe that millionaires live lavish lifestyles and all that self-indulgence brings lasting happiness. However, now you know that all these are not true. A real self-made millionaire will not simply spend their money on something unnecessary.

And if it is so, you may ask this question, “why make all this money if I cannot actually enjoy them?” Here is the answer for this question, do what you love, and money will follow.

Do What You Love, and Money Will Follow

All these successful people, they are rich because they do what they love. Look at Bill Gates, look at Warren Buffet, and look at Donald Trump. They like what they do. It is not about money, it is doing what they love to, and money is just the measure of their achievements. Remember this, self-made millionaires did not enjoy their life by spending the money, instead, they enjoy by doing what they love to.

Make this clears, if spending money is what you enjoy doing, then you will never ever be rich! However, if you enjoy by creating wealth, then your wealth will be guaranteed. I hope that you can see how people think toward money. Read this post as well, To Choose Between Money, Or Happiness?

I have heard an audio program from Robert Kiyosaki before, what he says is this, too many people cannot see through the other side of a coin. What they can see is just one side of the coin, where money is not enough. If you can see the other side of the coin, the world where money is in excess just like the air you are breathing, then that will be the day you change your life forever.