Many people ask “how to become a millionaire” but many people have no idea where to begin. Hopefully studying other people that have made this milestone will help us answer this question. The jnforgeaphic below tries to settle this question by giving statistics from how most people made their millions.
15% of millionaires became so by having high income jobs. A modest and doable path, but without strong connections and education, most would most likely fail. The other 15% became millionaires through real estate. This makes sense since many people can leverage real estate. This seems like the most likely path for the average person. The other 20% became a millionaire by the stock market. Doable if one is investing in indexes, but probably a large amount of luck is needed for individual securities. Finally, the last 50% became millionaires by starting a business.
It seems like starting a business is your best chance to become a millionaire. What are your business ideas?
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