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Who here is actually a millionaire?

MJ DeMarco

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He came off when he met me as bragging condescendingly, as if to say "look how great I am and how pathetic you are." It was arrogant and tacky, and people that actually make a significant amount of money don't generally talk about how much they make.

Reminds me of a funny story, almost like the "because I can" thread.

A few years ago I met a stranger at our regular group happy hour (its about 15 regulars and once in awhile a few newbs join the party). Anyway, this guy comes in all cocksure and starts bragging that he sells BMW's. He then proceeds to brag that he made $5K last month. $5K! I remember my friend giving me a smirk across the table. I can't imagine announcing such a thing to a group of strangers, let alone friends!

So anyhow, this guy goes on-and-on about his great job seemingly forever, and then comments on the nearby Lamborghini Diablo parked just several feet away, in the valet atrium, saying something like it's probably some stupid trust fund kid. I replied calmly, "Ehhh, I'd bet it's probably some entrepreneur-type making $5K/day, not $5k/month". (Mind you I said this in a humorous, joking type tone.)

Anyhow, that was the end of it. Fast forward an hour or so and I get up to leave, I say it was nice meeting him, and I walk over to my Lamborghini Diablo parked just a few feet away, get in, and drive away.

BMW guy... owned.
 

biophase

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I highly doubt anybody here will raise their hand.

One of the things I have noticed in life is that those with money/wealth are the least likely to say they have money/brag. And those who are quick to brag are the ones who don't have any money OR they are gonna lose their money/wealth eventually(rappers, athletes).

To take this even further. I have a friend who is very wealthy and all of her stuff is fake, fake LV purses, fake Prada, Rolexes, rings, jewelry, etc... Nobody ever questions their authenticity because if you are wealthy, who is going to think that you have a fake Rolex?

On the other hand, if you are poor or middle class you NEED to buy a real one, because all your friends will ask you if it's real when they see it.

The irony...
 
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regoapps

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Not sure if this is the answer you're looking for in a forum about becoming a millionaire, but here's my honest opinion about being a millionaire:

I won't answer how much money I have or make (you shouldn't judge people by these criteria), but I will say that it doesn't matter how much money you have. As long as you're happy with what you have, then you don't need to look at your bank statement for validation. It's just a number on a piece of paper after all. Peace of mind, security, privacy, and healthy relationships are more important than becoming a millionaire. I can tell you that I am as happy now as I was when I was just living in my small college dorm room a few years ago. Okay, maybe I'm a little bit happier now than before, but you get the point. Don't let all the commercials and consumerism tell you that your life will only be happy if you buy a Ferrari or other material goods. You only have so much dopamine in your brain to make you happy. If you think that being a millionaire will keep your body constantly producing dopamine, then you're wrong. Drugs will do a more consistent job at that (not that I recommend using drugs). Happiness is all relative after all; so if buying a $30k sports sedan makes you 90% happy, then a $300k Ferrari won't make you 900% happy. It'll just bump it up by an extra 5-10%, even though the car costs ten times as much. That's about it. And the happiest moments in my life are not when I buy expensive cars and houses. It's when I get to spend time with the people I love and care about (which is free).

Now if your goal to be debt-free and have financial freedom to kick-back and not have to work in a 9-5 office job, then that's a different story. In that case, probably around 70k a year for the rest of your life in passive income is enough to not have to work in an office again. You don't need to be a millionaire. That should take care of rent, food, clothes, vacations, and other basic lifestyle fees. Anything more than that will just have diminishing returns. In other words, a person making $10 million a year is not going to be significantly happier than a person making $1 million a year. And a person making $1 million a year is not going to be significantly happier than a person making $100k a year. Unless, of course, the person's happiness is dictated by how much he makes compared to others. That kind of insecurity will always be a losing game, because there will always be someone somewhere who is making more money than you (with the exception of one person).

So always be happy with your life, but never satisfied.
 

WestCoast

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I'll bite.

I might be a millionaire, I might not, I'm not really sure. It's simply the last thing I think about.
I'm motivated by a lot more than dollars to own the business I do.


I think wealth is a state of mind. People fixate on a number, and million is still the standard...
A million in the bank, free and clear, is different than owning a million in real estate.

And none of that means much about wealth and freedom.

Million is just one mark on the road to whatever motivates you.
$1.2M, 1.4M, .5M, .1M, 250M...

they are all just numbers.

Millionaire is a mindset that anyone can have, no matter how much money they currently posses.
I think that's what this forum is about and why people choose to spend time here.
 

PatrickP

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Actually I am so very blessed to be a multimillionaire.

Here is what I did in the past 4 hours. Called to find the most reasonable priced hotel I could, I am away on vacation. Got a room at Comfort Inn.

Walked to walmart and bought underwear, socks and a shirt. I ran out of laundry and wont get back to my place until tomorrow.

I bought generic fruit pie at a convenience store because I saw they were on sale Buy One Get One Free. uggg it tasted bad. Note to self, sometimes you do get what you pay for.

I went to the sports bar in the hotel and had a Pabst Blue Ribbon because it was $2 for a pint.

Yes we millionaires live the high life for sure :)
 
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AllenCrawley

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A well read forum member would have a good idea of who they are. I doubt you'll get many if any that will answer your question. But maybe that's just me. I wouldn't step in and raise my hand to this question.
 

Runum

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Does it devalue their advice to you or their knowledge if they only have $900,000? How about only $500,000? Is your million requirement liquid or net worth? Is their advice with more to you if they have 5 million? Your question speaks about your experience and limitations.

I agree with AC, you probably won't get a direct answer to your question. However, you never know, ask a better question, get a better answer.

Good luck.
 
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Jake

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How about in Zimbabwe?
:icon_super:

one+hundred+trillion+zimbabwe+dollars.jpg


Any Trillionaires on the forum?
 

MJ DeMarco

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andviv

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so I am sitting at a bar and this girl comes to me and says "so, what do you do for a living?" while looking at my watch and my shoes.

How do you spell "golddigger"????
 

Runum

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I can actually provide you with an exact reason for the millionaires here to NOT elaborate on their assets or wealth.

A well off, local, acquaintance of mine's mother was killed by a thug looking for some assets about 2 years ago. The thug knew of my acquaintance and invaded their home. The mother was home and was shot in the head, point blank. It was documented that the 60+ year old mother offered the thug no resistance. Thug was under the influence of drugs and had mental disabilities. Thug was recently sentenced to be executed. The murder was less than 5 miles from my house.

This is a public forum with thousands of lurkers in addition to silent members. Also, these posts are indexed by google.

I am not so concerned about myself. I am not going to intentionally set my relatives up for disaster.

I only give advice in the areas that I have direct knowledge of. If my 5 years here and my post count don't speak for my credibility then suit yourself, don't believe what I say. It makes absolutely no difference to me.
 

andviv

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I am not a millionaire. Please feel free to block my posts. Add me to the ignore list.
 

machin576

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I am not here just to get a millionaire mindset. I already have that, but it's worth nothing. Thinking is nothing, if there is nothing tangible in the physical world. I am here to gain tools on how to be a multi-millionaire, and throw ideas out to see how others respond, which is different than mindset alone. That's why the book isn't called, "Think Rich. Be Rich: guide to the psychology of millionaires". Every dollar is one step closer to financial freedom.

I can pretend all I want that I am a millionaire, I am free, I am making value to the world.... but if I am not actually doing that, then I am not a millionaire. I am not here to pursue my passion, on my goals in life, or anything like that. I'll do almost anything to be a millionaire business-wise, but a lot of roads are close for me, since I am not going to wait 5 yrs before I see a 16% of success. No, next yr I am going to rock the world.

If the world isn't paying me for my value, then I am going to quit what I am doing, and find something that works. I have yet found something that works, but I haven't really tried yet . Money is what matters more than any material substance on this world besides water, but money can buy water... water can't buy money unless it can use for a country, and the millionaire mentality isn't going to give me freedom, money is. I wouldn't have read that book by MJ if it wasn't for the fact that I want to be a millionaire, not pretend to be, I can take an acting course in that. Millionaire mentality will just put me on the sidewalk.

I don't think I might be. I will be.

1 million dollar does stand for something, and so does 10 million. It means nothing if the wrong person possess it.

Disagree completely.

When you think like a millionaire, you can't help become it.

The Secret is kind of true in this aspect.

When your mind thinks like a millionaire, you see opportunity everywhere and the stars align, blah blah, and you meet the people you need.

I was out and met a middle eastern financier with an interest in small American business this weekend.

Are you kidding me? If my mind wasn't changed I would have thought that was a cool relationship, now I know it is a great opportunity.

The way you think is THE MOST important thing about you.
 

Runum

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I don't understand why the OP's question gets so much hate!

Possibly it's the assumption that something is owed and manners, or etiquette. It just seems that the question from a newbie requires an experienced member to prove his worth before being taken seriously. I am not selling or promoting anything. I am taking time out of my life to answer questions asked. It's up to the recipient to decide the value of my advice, not my responsibility to sell it.

Also, when I started, there was no easy forum method to ask for advice. No method for me to vet the advice I received. I had to ask, receive, and make my own choices. I don't mind helping another member but there is no obligation on my part to do so.
 

mohawkdcg

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Cash flow greater than expenses,
no non-performing debt,
your output is helping many,
you and your family are healthy and happy,
you have everything you want,
I think these are better measures of success than a number.
 

Vigilante

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Besides MJ, how many people on this forum are actual millionaires?

And if you are a millionaire, what is your business?

I'm just really curious, thanks.

I came across this thread when I was searching for something else.

I clicked on it wanting to see if the OP was still around.

As I suspected, he is not.

See, once you learn that the Millionaire Fast Lane is not a get rich quick strategy, you move on to the next MLM pitch.
 

Deon

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I don't understand why the OP's question gets so much hate!

If someone is a millionaire, they can just say so... Many people in forums, in general, give advice and preach it when they have only read about it, and have no clue how valid it is in real life.

I would take more seriously advice given by someone who has made it, than not.

I agree however with those saying that 1 million is just a number, and that you can learn from people who have made a considerable amount of money, even if it's under 1 million.
 

RogueInnovation

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I dunno, but I've felt like one the past few months
It is a good feeling


The thing I'd say to people is this
There are two kinds of people
The chasers and the people who live

Chasers get money and they don't know what to do with it, they come on the forum saying "I just got 30k what do I do now?" and their only bar of success is "Mr. Millionaire" so until they achieve that unreachable dream they discard money like its useless, or hoard it like it is a symbol of self worth.

The people who live, spend money for increased happiness, and have no qualms about that, or working to make a bit more (so long as it is respectable work). They save money, budget it, know it isn't a discardable thing, and make good investments because you can make your money worthless if you spend it on trash, but you can make it worth a whole lot if you invest it in great ideas and value.

The chasers can get really screwed up in the head and seem to never be satisfied, where a person who knows how to live could take all the money and assets that they have and whip it up into a dream.

That is why I don't care at all about money anymore,
I just couldn't care less about chasers thinking it all gets solved when you get a million dollars. I think a person ought to be resourceful and if you can make a great life for yourself before a million dollars, then you bought a perfect life for pennies on the dollar. Thats frugal.

See, sometimes, chasing more money is the dream of an idiot.
Though of course those who make money have to chase it a little, but it seems the stupid chase it a little too much and miss opportunity that is within reach. And imo, thats just a waste.

I have enough "f~ck off" money
I just think I need a bit more to be like "oh yeah! I'm good at this"
But that will come
No biggy
No stress
No huge chase or hole to fill

Just goals and getting to em
Once you are real about money and life like that, dayum, you feel like a million bucks let me tell you

I feel freaking fantastic
I mean, I'm not a millionaire but I have a spa, and a sauna, and a swimming pool
I've got cooks

Know why? Go to a restaurant, get a membership at a GOOD gym.

You really want to maintain a pool and spa at your house? You really wanna hire only one chef? Nah nah, go places, do things, be part of it.
The world is an extension of whatever you own, and what you own will pale in comparisson to it. Get that, and just make sure your place in the world is solid and cool.
 
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Vigilante

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Patrick... I was gonna see if you wanted to split a suite at B&P... but based on the whole generic fruit pie thing that's not the weekend of Patron and Fuentes I envisioned. :)
 

PatrickP

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Patrick... I was gonna see if you wanted to split a suite at B&P... but based on the whole generic fruit pie thing that's not the weekend of Patron and Fuentes I envisioned. :)

Split a suite?

Maybe a campsite outside with SPAM roasted over an open fire with some PBRs ok but not a suite lol
 

GlobalWealth

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I would take more seriously advice given by someone who has made it, than not.

Spend some time on the forums. You will get a feel for who has valuable information and who doesn't. There are several people on here who may not be millionaires, but have significant value nonetheless.

Like anything else, it takes a bit of time and work. You will get a sense of the 'value-adders' and the 'value-takers' after a bit of time.

I always find the original question funny. Those that have the financial success would not likely answer you. The reasons are many; privacy, humility, or just the old adage, "you never ask someone how much that earn or how much they are worth"

But trust me, there are plenty of successful people on here who are adding value.
 

MJ DeMarco

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May as well take @annagreenang with you too.

Good call, found another one too thanks to this recommendation. Banned + 2!

Gotta love it when they say they're from Ohio and they're IP says Pakistan.
 

angelique

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Besides MJ, how many people on this forum are actual millionaires?

And if you are a millionaire, what is your business?

I'm just really curious, thanks.


This is a very lazy question. You are not curious enough. If you were, you would have already searched the forums and found your answer.

But.. who cares anyway? You still have to do the work to get there.

They're here, it's possible, go make it happen.
 

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