What is the most reliable method to become a millionaire? Well, statistics show that 3% of millionaires gained their wealth through real estate, while another 3% did so through various means like technology, health care, law, and politics. 5% accumulated their fortunes from entertainment, sports, and media, while 10% found success in finance and investment. Another 14% reached millionaire status through working in executive positions like directors, board members, and CEOs. It may come as no surprise that a high 24% inherited their wealth.
However, the most foolproof way to achieve millionaire status is by starting your own business and becoming an entrepreneur, as 41% of millionaires fall into this category. To make money in a professional way and increase your chances of financial success, consider the following tips:
1. Develop a solid business plan.
2. Identify a niche market.
3. Surround yourself with a strong team.
4. Stay informed about industry trends.
5. Network and build meaningful connections.
6. Take calculated risks.
7. Stay focused and persistent in pursuit of your goals.What’s the most reliable way to become a millionaire? Well, 3% of millionaires made their money through real estate. 3% in other ways, such as technology, health care, law and politics. 5% through entertainment, Sports and media. 10% via finance and investment. 14% through working executive positions like directors, board members and CEOs. The important people. And unsurprisingly, high 24% made their millions from inheritance.
But the most sure-fire way to earn the big bucks is to start your own business and become an entrepreneur. As 41% of millionaires are entrepreneurs.
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Now Reading: How Do Millionaires Actually Make Their Money
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How Do Millionaires Actually Make Their Money
August 7, 2024
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How Do Millionaires Actually Make Their Money
@ErxgonIITK
How to get rich????
Sell sh*t
@TonyKHwin
For a second i thought the last percentile is through divorce 😂
@michellescurrah3870
Reiss hub? The fortnite channle
@Stir_The_Pot
Lies
@seccat
It’s hard to be an entrepreneur without having $1M. If you find investor, you’re just making THEM rich.
@abhi0909-o4e
Enough to start it.Thank you👍
@eglenceogretmeni7909
Finding the ##MoneyHiddenMagic ebook should be your top priority, even if it's the last thing you do in life
@serhatnurikaya3443
Finding the ##MoneyHiddenMagic ebook should be your top priority, even if it's the last thing you do in life
@kadersylmz11
Finding the ##MoneyHiddenMagic ebook should be your top priority, even if it's the last thing you do in life
@sedaturali5990
Finding the ##MoneyHiddenMagic ebook should be your top priority, even if it's the last thing you do in life
@iSmailBalin-r1y
Finding the ##MoneyHiddenMagic ebook should be your top priority, even if it's the last thing you do in life
@kadirtas4628
Finding the ##MoneyHiddenMagic ebook should be your top priority, even if it's the last thing you do in life
@hanmakn9415
Finding the ##MoneyHiddenMagic ebook should be your top priority, even if it's the last thing you do in life
@yusfmngr
Finding the ##MoneyHiddenMagic ebook should be your top priority, even if it's the last thing you do in life
@Nefes2050
Finding the ##MoneyHiddenMagic ebook should be your top priority, even if it's the last thing you do in life
@b4mbeastgaming669
But the fact is those 41 percent entrepreneurs are there because of the financial sector..
@bigwill1890
What are source to verify these numbers? And for what year(s) as well?
@kabadanis
Bro I thought you do fortnite videos
@DanielWieser
41% of millionaires are entrepreneurs. But how many % of entrepreneurs are millionaires? That‘s the question…
@jimmymason7461
40
@mehikaner9554
survivorship bias at its best. now, whats the percentage of people trying to be successfull in each of those areas?
@thedropman
lies.
@user-up3cl2hw7s
Forgot about ama
@bogite8734
Is this the fortnite guy 😂😂
@mba2ceo
I believe that
@user-vc5my5kw1z
Being rich and able to afford luxury does not come easy, you have to INVEST!!! Nothing beats the involvement of a expert in any trade or investment, selfishness and greed held many back and they ended up suffering huge losses, and the crypto market – currencies does not no exception.
@Bithereum
To actually answer the question with the data provided, the most 'reliable' way to become a millionaire is inheritance. Reliable refers to which pathway has the greatest odds of success. The most common/popular way is entrepreneurship as there were more, but the success rate is likely much much lower than inheritance when born wealthy.
I didn't hear retirement mentioned, which I wouldn't group with finance for obvious reasons.
Regardless, good short. I agree with the central point, which is that entrepreneurship is what it's going to take for regular people to make millions. No one is making millions strictly from saving at a 9-5 and most other routes are virtually impossible without some kind of luck (which includes God given talents).
@RebeccaGorin
Amazing. “How to build wealth, do this..”
@chrischambers9949
Stop watching youtube and work
@limenarity3141
Wher gambling
@stephenishulk
What percent of entrepreneurs become millionaires? Very risky
@zeus_god6904
How do you make the difference between inheritance or entrepreneur that inherited the business or just started one with some of the inheritance money? Pretty sure if you apply this distinction the numbers would be different…xD
@mr.stonks3871
This is bullshit, most of the wealthy people in this generation are self made and ceo's are entrepreneurs, directors as well
@Jordo1x
From Fortnite to talking about how millionaires get there millions
@Dewshika
Yooo, Reiss hub
@user-se5tf4oj7x
Wasn't this guy doing Fortnite pro reviews?
@savior9822
this guy is evolving from fortnite advice to finance advice
@JNHackers
Wait this isn’t fortnite
@markaraujo06
I need a real millionaire to meet me in person
@NqHavoc
I think it’s really funny that you posted Donald Trump as if he made all his money in politics, which everybody knows this is false😂