Attaining millionaire status is considered by many to be one of the signs that you’ve “made it” financially. Today there are more millionaires worldwide than ever, and more millionaires live in the US than any country in the world. However, if you have yet to reach that status, what does it take to get there? Is it really attainable? Today on CFO at Home Vince talks with Tony Bradshaw of the Millionaire Choice, whose mission is to encourage people to make the choice to become millionaires and equip them with the right knowledge, tools and assistance to do so. Check out the conversation where they discuss Tony’s keys to becoming a millionaire, obstacles that need to be overcome in order to reach millionaire status, and more.
Key Takeaways
- Millionaire: Asset - Liabilities => $1M
- 40% of the world’s millionaires live in the US
- Keys of becoming a Millionaire
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- Foundational
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- Maximize Your Time
- Develop Strong Character
- Change Your Money Mindset
- Get Money Smart
- Find a Money Mentor
- Budget
- Create a Plan
- Adult millionaires surpassed 1% of the world’s population for the first time in 2020
- Median wealth for an adult in the U.S. is $65,904. $1M net worth is roughly 1,517% of this median
- Lack of belief that you can go from broke to being a millionaire creates a huge mental barrier for many people.
Resources
Ways to contact/follow:
Contact the Host - vince@thecfoathome.com
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