NATIONAL BE A MILLIONAIRE DAY | MAY 20
Annually on May 20, we celebrate National Be a Millionaire Day and wonder what it would be like to be a millionaire.
#BeAMillionaireDay
Have you ever imagined what it would be like to be a millionaire? If you have, this holiday is for you. However, imagining millions does no good if you can't imagine how you would spend your millions.
A million dollars today may not be what it used to be, however, having one million dollars in your bank account is still a major financial success. Today, you can start taking steps to turn your dreams into a reality. A good start is planning for your future:
Start a savings account. If you have an existing savings account, review it to make sure you are earning the maximum interest available. Increase the deposits into your savings account.
Review your financial portfolio with a trusted expert.
Review your investments. Look at ways of improving your investments.
Add to your 401K. If you do not have one, start one.
Pay off your credit card.
Review your spending habits. Find ways to spend less and save more.
Every millionaire has secrets and tips on how to become a successful millionaire. According to www.ramseysolutions.com, there are five habits millionaire's practice. Millionaires:
Read and learn constantly.
Sacrifice things that cost money.
Pay cash for as much as possible.
Create and budget and stick to it.
Often donate to charities, friends or organizations.
The United States has the most millionaires in the world, ranging from millennial millionaires to old money millionaires.
The average millionaire owns at least three properties.
44% of millennial millionaires live in California.
Only 1% of the population make up millionaires.
About 3.3 millionaire households live in New Jersey.
77% of all millionaires in the U.S. are white.
There are 21 million millionaires living in the U.S.
SPEND YOU MILLIONS
Pay your bills.
Hide some under your mattress for a rainy day.
Start a business.
Save for retirement.
Buy some property, specifically real-estate.
Invest. Invest. Invest.
Donate.
NATIONAL BE A MILLIONAIRE DAY HISTORY
We are not sure who created National Be A Millionaire Day. While we continue to research, you can learn a few tid-bits about some millionaires who have made history using technology:
Elon Musk (50 years old): Co-founder and CEO of Tesla. His net worth is $268 billion. He owns only 16% of Tesla, which means he invested in other companies to make his billions.
Jeff Bezos (58 years old): Cofound and Executive Chair of Amazon. He is worth $150 billion. He owns 10% of Amazon. He also has ownership in Blue Origin, The Washington Post and cash8.
Bill Gates (66 years old): He is the co-founder of Microsoft and worth $127 million. Interestingly, he only owns 1.9% of Microsoft, meaning he makes more money from his other investments with Cascade Investment LLC and cash36.
Steve Ballmer (66 years old). As the highest stakeholder in Microsoft, Steve is worth $97.6 million. He also owns the LA Clippers and cash 93.
Sergey Brin (48 years old): As a co-founder and current board member of Google, Brin has a net worth of $101 billion. He also has ownership in Alphabet, the innovative technology company that creates services like self-driving cars and smart glasses.