Who are the millionaire's?

Who are the millionaire's?

"Surround Yourself With Only People Who Are Going To Lift You Higher"- Oprah Winfrey

Becoming a millionaire is a secret or over dream for many youngsters. Some people are born with the silver spoon while some others are born to become millionaires. It is a reality that over the past few decades there has been an increase in the number of people who have become millionaires at an early age. Moreover, if you get a chance to look into their life, most of these self-made millionaires are college or school dropouts and came from an average family background.

Here is a list of some millionaires who are an inspiration to others. It took belief, hard work and lot of luck!

Mark Zuckerberg - this self-made millionaire is in fact the world's youngest billionaire. He revolutionized the social networking scene on the internet and today, Facebook is the second most visited site on earth behind only Google! Zuckerberg's story is a good example of just how important it is to come up with a smart, well-liked and popular product if you want to sell lots of it.

Richard Branson - this self-made millionaire actually has 'rich' in his name. His business empire 'virgin' stretches all over the world and is among the most respected brands on earth. The secret to Branson's success is networking. There is in fact no such thing as a self-made millionaire in the strict sense, Branson had a lot of like-minded enthusiastic individuals working alongside with the same zeal and from this we can learn the importance of networking and having a good team of employees who can overcome any hurdle.

Arnold Schwarzenegger - this self-made millionaire had a million dollars when he was twenty-six years old. And it was in the seventies! Arnold demonstrated how you can get away with anything if you happen to be the undisputed absolute best in your craft and stay miles ahead of the closest competitor. Strive to achieve the highest standards of perfection.

Millionaire mindset believes that

? If they fail they can always try again

? Losing their attitude repels wealth attraction

? Understands that no one can be successful at all times

? Thinking and planning ahead of time is a vital key to success

? Having faith in their abilities is the driving force to reach higher goals

India is home to the fourth largest population of millionaires in the Asia Pacific region with 2,19,000 ultra-rich individuals with a combined wealth of USD 877 billion. High net worth individuals (HNWIs) are defined as those having investible assets of USD 1 million or more, excluding primary residence, collectibles, consumables, and consumer durables. 

With a net worth of $23.2 billion, Mukesh Ambani, the chairman of Reliance Industries Ltd (RIL), is the highest-ranked Indian in the list, at No. 33. He is followed by Lakshmi Mittal (No. 56; $16.4 bn); Azim Premji (No. 72; $14.9 bn); Dilip Shanghvi (No. 84; $13.7 bn) and Shiv Nadar (No. 102; $12.3 bn), to round off the top five Indian entries in the list.

Making his debut on the list at 814th spot is Acharya Balkrishna, friend of yoga guru Baba Ramdev, who holds 97% stake in the fast-growing consumer goods firm Patanjali Ayurveda. His net worth is $2.5 billion.

These Indian millionaires have total wealth of USD 5 trillion as on 2017. The report has estimated that while the total wealth of Indians will to grow by 7.5% annually to reach USD 7.1 trillion in 2022, the number of millionaires will grow to 3.70 lakh by 2022.

How to become millionaire?

Becoming a millionaire is not extremely difficult. It takes money, time, discipline, and a little luck. Here are following pointers to become millionaire:

  • A millionaire puts in a lot of hard work to achieve the financial status of his/her dreams. Simultaneously, not everybody who works very hard becomes a millionaire. For example, the concept of inventing useful products and marketing them is very lucrative indeed. But, only a few entrepreneurs can successfully do it.
  • Millionaires are people with carefully guarded financial secrets. Many people make the mistake of thinking that a person can get rich as long as he/she has a job with a fat pay check and the required qualifications. However, this is not really correct.
  • Millionaires don't go around getting well-paid jobs. In fact, many educated people who go in search of jobs are people who doubt their own abilities to make their fortunes on their own. Would you like to achieve great wealth? Then, you must get rid of self-doubts, develop plenty of self-confidence, and learn to fight for your rights.
  • If your goal is to earn in millions, start working toward it immediately. Nobody is born a millionaire. Millionaires have the power to convert the little they have into something very big. Your first step to become stinking rich is to focus on the wealth you already enjoy, not on the wealth you dream of enjoying one day.
  • Develop knowledge of your own self. Such knowledge will help you always. You can function well in a particular field only if you have the required expertise. Similarly, if you want to work on improving your financial condition, you need to develop expertise on your nature and thought patterns.
  • It is harder to become a millionaire if you are a perfectionist. People who are perfectionists spend all of their time trying to get perfection before bringing it to the market place. People who know how to become a millionaire know that they just have to get going, and they'll take care of perfecting their product or service as they go along.
  • Lastly, save money. No one is a millionaire forever. You can always go down when you don't know how to handle your money. Becoming a millionaire thrives on saving money because if you are big spender, your days of being a millionaire are shortened unlike with millionaires who knows how to save money.

The best tip of all millionaire secrets is to always be aware of the competition that offers you same or similar products and services. This is key to excelling in the enterprise business. Although never allow your awareness of the competition steer you away from your goals. Rather than focusing all your attention on beating your competition you should instead focus on giving your best performance and you will out do you competition every time.

Networking is very important to any business. The key of millionaire secrets is to make sure you always attempt to network above the level of your company. When you attend a typical networking event the business you are likely to need for networking aren't going to be present. Therefore, when networking for your company it is important to be selective in the businesses you choose to network with if you want to have benefits.

The rich find a great idea, often something they are passionate about, they assemble a great team of people, follow advice and hang out with people who are already where they want to be and they never let anyone steal their dream. Just surround yourself with those who are already where you want to be and share your dream with only those who you know will support you and see the vision of your dream with you.

Harinder Jeet Singh

Lead Strategy & Sales at Qdesq Realtech Private Limited

7 年

Informative article.

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