{"id":14073,"date":"2018-05-29T18:08:35","date_gmt":"2018-05-29T15:08:35","guid":{"rendered":"https:\/\/www.ibtdi.com\/?p=14073"},"modified":"2018-05-29T18:08:35","modified_gmt":"2018-05-29T15:08:35","slug":"the-most-important-misconceptions-about-millionaires","status":"publish","type":"post","link":"https:\/\/www.ibtdi.com\/en\/the-most-important-misconceptions-about-millionaires\/","title":{"rendered":"The Biggest Misconceptions About Millionaires"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"http:\/\/successwithpaul.net\/wp-content\/uploads\/2016\/06\/Misconceptions-about-success.jpg\" alt=\"Image result for The most important misconceptions about millionaires\" width=\"611\" height=\"407\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">An American author interviewed more than 100 self-made millionaires. A self-made millionaire is someone who built their wealth <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">through their own efforts\u2014not through inheritance, winning a contest, or anything like that. Based on his conversations with millionaires, the author drew several conclusions and was able to <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">and debunked many common misconceptions about millionaires. We\u2019ll cover some of them in this post, and it\u2019s definitely worth <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">reading and learning from them.<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\">\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">1. Millionaires are very intelligent:<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">A belief we all share is that, to have a million or more, you must be smarter than everyone else. This belief is completely wrong\u2014millionaires are people <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">They\u2019re ordinary people like us. They try and make mistakes, but what sets them apart is that they create plans and strategies, follow them, and put them into practice. <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Some millionaires can\u2019t read or write. According to some global statistics, some were in debt but managed to overcome their<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> \u062f\u064a\u0648\u0646\u0647\u0645 \u0648\u0642\u0627\u0645\u0648\u0627 \u0628\u0625\u0646\u0634\u0627\u0621 \u0634\u0631\u0643\u0627\u062a \u0644\u0623\u0646\u0641\u0633\u0647\u0645 \u0648\u0648\u0636\u0639 \u062e\u0637\u0637 \u0646\u0627\u062c\u062d\u0629 \u062a\u0645\u0643\u0646\u0648\u0627 \u0645\u0646 \u062e\u0644\u0627\u0644\u0647\u0627 \u0627\u0644\u0648\u0635\u0648\u0644 \u0644\u0643\u0644 \u0627\u062d\u0644\u0627\u0645\u0647\u0645, \u0648\u0644\u0643\u0646 \u0644\u0627 \u062a\u0638\u0646 \u0627\u0646\u0647\u0645 \u0644\u0627 \u064a\u0642\u0639\u0648\u0646 \u0641\u064a \u0645\u0634\u0627\u0643\u0644, \u0644\u0643\u0646 \u0639\u0644\u064a\u00a0 <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">contrary, they face very serious challenges involving costs, insurance, and more. In the end, though, they can overcome them by staying determined to <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">succeed, thinking clearly, and refusing to give up.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">2- Millionaires are luckier:<\/span><\/h2>\n<div class=\"code-block code-block-2\" style=\"text-align: center;\"><\/div>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Most of us believe millionaires are extremely lucky\u2014that they inherited a fortune, had one fall from the sky, or found buried treasure. But this belief is also wrong, because <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">These cases are exceptions, not the rule. Some people really have inherited a lot of money and become millionaires without any effort, but most have worked hard to make their millions. <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">An American author recounts speaking with one of the 100 millionaires he interviewed. The man had become a millionaire by selling motorcycles. How did he do it? <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">At first, he had nothing and owed money to several people. He built motorcycles and took them to shops to sell. He went to 60 shops, <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">but every one of them turned him down. He kept visiting other shops until one finally bought from him. After that, he went back to the 60 shops that had refused to buy from him <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">so they would buy his motorcycles, which had caught on with many people and were selling well. When the author asked him why he hadn\u2019t given up after being rejected by 60 shops, <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">he replied, \u201cI would have kept going back to them even if they had rejected me 300 times. I wouldn\u2019t have stopped until they said yes.\u201d <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">And that\u2019s exactly what happened, thanks to determination to succeed\u2014not luck.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">3- Millionaires live lives of luxury and extravagance:<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">We all think millionaires live lives of luxury and extravagance, but this belief may come from the movies we watch or from some celebrities <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">who do this kind of thing. In reality, however, this belief is mistaken: most millionaires are careful with their money and invest it so that it will bring <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">them even greater returns. Most of them don\u2019t replace their cars until they start having more problems. One of the best-known examples is the millionaire \u201cWarren Buffett,\u201d who still lives in <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">the house he bought in 1958 for $31,000. Millionaires make only sound decisions that generate substantial returns, and when you see them spending <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">millions, you can be sure that the money will come back to them many times over.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">4- Millionaires inherited their millions:<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Some millionaires inherit money from their parents. Some squander it, while others preserve it. And some build a fortune of their own <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u2014a very large one\u2014which they then leave to their children. But there is a Chinese saying that wealth does not remain in one family for more than three generations, and some statistics support this <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">in the United States: 86% of American millionaires built their fortunes themselves, without anyone\u2019s help. There are many stories about the lives of some <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">self-made people who built their own success and preserved their wealth, even though they began life in debt and without a place to live. Even more surprisingly, <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">some studies and statistics indicate that the average millionaire (someone who inherited money) loses all their wealth and ends up in debt 3.5 times over the course of their life.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">5- Millionaires must never know fear:<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Fear and millions do not go together. You must take risks, try, and fail once or twice. Don\u2019t let anything stand in the way of your success, says the American author<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> 57% of the millionaires he interviewed were initially afraid when they started their first business. They feared losing money and failing, and worried because their families depended on them.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> They were also afraid of letting their wives down. The author shares a very moving story about Anita Kroc, who had no experience at all in business or sales. <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">She didn\u2019t like being rejected, no matter what she was offering. She was very nervous when she went to a store to show them products she had made herself, but <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">some people turned her down while others agreed. Each time she was rejected, she would leave the store in tears. But over time, she discovered that her successes <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">helped her accept rejection and face it with a big smile, without ever letting herself give up. You have to risk everything you have to succeed,<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> but you should carefully consider every step before taking it, including the potential losses and whether the profits are likely to outweigh them.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> Then you can decide whether or not to get started.<\/span><\/p>\n<p>.<\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">6- Millionaires make millions every month:<\/span><\/h2>\n<div class=\"code-block code-block-8\" style=\"text-align: center;\"><\/div>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Most millionaires work in more than one field, earn income from multiple sources, and invest heavily in their businesses until they become <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">very well-known and grow large enough to generate substantial profits. When the time is right, they reap the rewards by selling them for millions. Most millionaires follow one principle: <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">When they invest money, they expect to get more back\u2014perhaps several times their investment. Having multiple sources of income helps them invest more <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">and earn even greater returns. None of this happens by chance or luck; it takes hard work and dedication to achieve this level of wealth, <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">and some studies and statistics suggest that only 20% of millionaires retire, while 80% continue working until the end of their lives.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Ultimately, nothing is impossible\u2014you could be the next millionaire. Why not?! The countries that have seen the largest growth in millionaires are India, China, and Singapore. <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">The richest billionaire in a developing country is \u201cCarlos Slim Hel\u00fa.\u201d He is of Lebanese origin but lives in Mexico. One of his most famous quotes is: \u201cAll times are <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">suitable for those who know how to work and have the tools to do so.\u201d<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>&nbsp; \u0642\u0627\u0645 \u0627\u062d\u062f \u0627\u0644\u0643\u062a\u0627\u0628 \u0627\u0644\u0627\u0645\u0631\u064a\u0643\u064a\u064a\u0646 \u0628\u0625\u062c\u0631\u0627\u0621 \u062d\u0648\u0627\u0631\u0627\u062a \u0645\u0639 \u0627\u0643\u062b\u0631 \u0645\u0646 100 \u0645\u0644\u064a\u0648\u0646\u064a\u0631 \u0639\u0635\u0627\u0645\u064a\u060c \u0648\u0627\u0644\u0645\u0642\u0635\u0648\u062f \u0628\u0627\u0644\u0645\u0644\u0648\u0646\u064a\u0631 \u0627\u0644\u0639\u0635\u0627\u0645\u064a \u0647\u0648 \u0627\u0644\u0634\u062e\u0635 \u0627\u0644\u0630\u064a\u0646 \u062a\u0645\u0643\u0646 \u0645\u0646 \u062a\u062d\u0642\u064a\u0642 \u062b\u0631\u0648\u062a\u0629 \u0628\u062c\u0647\u062f\u0629 \u0627\u0644\u062e\u0627\u0635 \u0644\u0627<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":14080,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[1520,16100,8178,16099,3280,16101,16102,16103],"class_list":["post-14073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-1520","tag-16100","tag-8178","tag-16099","tag-3280","tag-16101","tag-16102","tag-16103"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/14073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=14073"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/14073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/14080"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=14073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=14073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=14073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}