Millionaires Reveal The Incredible Origins Of Their Extraordinary Wealth

Step 1: be born into the right family

Chelsi

• Published in Interesting
• June 25, 2022

The phrase "Money can't buy happiness" when expounded means, that the mindless accumulation of excess wealth ultimately leads to the diminishing return of happiness. It does not mean that people should be satisfied with surviving with just basic necessities.

Contrary to the popular saying, money actually can buy happiness. It guarantees a certain level of security that poverty does not provide.

If you're not constantly worrying and stressing about paying your bills, budgeting your food allowance, and scrimping for gas then it will be easier to live in the present. Enjoying what you have and living in the moment is nearly impossible when you're not sure where your next meal is coming from.

Our current state of things makes it difficult to imagine a future with financial security. A majority of us are working multiple jobs but are living paycheck to paycheck.

The dream of owning our own homes and retiring with a big enough nest egg is starting to loom darkly over our heads. It's difficult to think and plan for a future when you are an emergency away from bankruptcy.

There are still those of us who were not born into wealth that made it out of the rat race triumphant. They managed to earn, save, and invest enough money to have at least a million dollars in their bank accounts.

Here are some of the stories on how they made that million:

1. This person was a programmer at the time when the internet was just becoming a thing

They invested in real estate and lives below their means

2. Received a cash gift from fiancé's grandparents who won tens of millions of dollars in the lottery

3. Became an officer in the Army, saved money, and invested it

Became a landlord with a diversified portfolio amounting to two million dollars

4. Saved 40% of their salary and traded in the stock market

5. Penny-pinching and consistently put money into long-term investments

6. Took out a loan and used the money to become a landlord then repeat a couple more times until you have a sizeable passive income

7. A lucky person who was at a bad point in his life, gambled, and fortunately won almost two million dollars one night

8. This hard worker who slowly climbed up the ranks, saved and invested religiously, and married a person with a similar ethic

9. Investing in their 401k as early as possible

Reaped the benefits of the compound interest

10. Know enough about your field to become a consultant and charge a ridiculous amount of money

11. Born into wealthy immigrant parents who got rich by working hard at California tech companies

12. This mom who did not change their lifestyle despite the sizeable pay bump. She is a wise spender and an even better saver.

13. Supported her husband's dream. He is a good businessman and they built their wealth together.

14. This grandchild who had amazing grandparents. They got it right when they invested a small amount of money to the right companies.

15. This person who inherited money from their deceased father and grew the money

The road to becoming a millionaire is not easy. Saving monthly will eventually become a habit if you are consistent about it but the real challenge is avoiding the temptation to spend it.

It must feel amazing once you realize that all those months, if not years, of saving and investing have finally paid off. Your million dollars may not buy you a yacht but it will at least give you some peace of mind.

Chelsi