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Re: Who are our future millionaires ?
 

I like this post.

the richest people often came from rich old money.

what I mean by that is some of the wealthiest people have a giant trust that keeps growing, this was setup years ago by their forefathers. it was designed to never be altered and slowly disburse money so everyone in the family could have a good life and then they could pour even more into it if they too were successful. I learned about this in college, some of the richest people have these in place and you never hear about them.

I hope someday that will be me as well!

Re: Who are our future millionaires ?
 

All sorts of options for generational wealth, especially if you don't need the original money for your own retirement. Whole life insurance policies for the living benefits and IRA that holds (cash flowing/but non tax saving) assets that are setup to skip a generation, etc...

Re: Who are our future millionaires ?
 

I will say one thing. As much as I enjoy business. The excitement of making money, and finding new business ventures. I can not stress enough how much I enjoy these things and are part of the reason I wake up every day. Some of the most "rich" people are the most miserable and "morally bankrupt" you will ever meet.

Money is an important aspect in life. By no mean's is it the only one. Anyone who never becomes rich yet they spend every day chasing their dreams and are happy. They in my opinion are "rich" in their own right.

Re: Who are our future millionaires ?
 

Health and a happy unbroken family is way up there too.....

Re: Who are our future millionaires ?
 

I already became one of millionaires but it is RMB,this money not enough for me to buy a house in big city in china,so my next goal is became one of millionaire but the currency should be USD or uk pound

Re: Who are our future millionaires ?
 

I'm in the 1%...in $ or £..suppose definitions count though, assets, liquid etc.....very easy to have a $1million house where I live, that is just an average price for a normal house, not even a mansion or anything.......

Re: Who are our future millionaires ?
 

I've already made my first million, but once you spend a dollar you're no longer a millionaire correct? Then again maybe I'm lying, who knows!?

Re: Who are our future millionaires ?