The Way Millionaires Really Live

Many people possess the wrong idea about what being a millionaire is about. Many also equate instant gratification with happiness. They believe that millionaires live lavish lifestyles and all sorts of that self-indulgence brings lasting happiness. Well, from my research and my own observations of the numerous self-made multi-millionaires I understand, I find that most self-made, sustainable millionaires DO NOT live by doing this. What does sustainable mean? It means a person whose millions of dollars will last nike air max 2012 a lifetime and not just a few years.Officially, Bill gates is ranked because the richest man in the world with a net worth of $46 billion. Unofficially, figures put IKEA founder Ingvar Kamprad as the world’s richest with a value of $53 billion. One of the reasons he were able to accumulate so much cash is due to his frugal nature. Up to today, it is said that Kamprad flies economy, drives a classic Volvo as well as waits until the afternoon to purchase his vegetables and fruit, once the prices drop significantly.If he were alive today, Sam Walton (1918-1992), founding father of Wal-Mart would be the richest man on the planet by having an estimated value of $90 billion. If you take a look at Forbes listing of the ten richest folks the world, five of them are nike air max the Waltons who inherited their money from Sam. How did this once poor farm boy accumulate a lot wealth? Again, he was well known for sharing rooms during a business trip to save money, flying only economy and wearing clothes from his own discount store.Another fascinating example is Warren Buffett, officially ranked the 2nd richest man in the world today having a net worth of $42 billion. Even with all of this money, it’s said that Warren won’t buy a completely new car because he thinks it is simply not worth the money. During the ’60s, Warren pointed out that if he spent $20,000 on a new car, it might be worth little or free in ten years, He also knew he could acquire a 25% annual compounded return on his $20,000 if he were to invest it. Going through this return, investing $20,000 would bring him $158,518 in ten years, $1.26 million in two decades and $9.96 million in thirty years! She figured that $9.96 million was just an excessive amount of down the sink on the car!When lots of people learn of this frugal trait of millionaires they often want to themselves, ‘Why make all of this money if you cannot appreciate it?’ Well, here’s the solution, most millionaires obtain joy and fun not from spending cash but from doing what they love to do! For them, money is just a way of measuring their success.For this reason, despite all the money in the world, they still strive to build their businesses and empire. This is because they’re driven by passion for what they do along with a sense air max UK of mission. If spending money brings you enjoyment, you’ll never be rich. However if making money brings you enjoyment, your wealth is guaranteed.

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