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Which 10 Of Us Will Become Millionaires?

Does becoming a "millionaire" appeal to you? A million dollars doesn't go as far as it used to but it's still a lot of money and a worthy goal.

I was reading some interesting statistics the other day about how one could go about becoming a millionaire. According to the chart, which came from a USA TODAY analyst, here are some ways of going about attaining a million dollars... and what the odds are:

Inheriting $1 Million 12 million to 1

Winning the lottery 12 million to 1

Winning at casino slots 6 million to 1

Winning a game show 4 million to 1

Saving $800 month for 30 years 1.5 million to 1

Working for a dot-com that goes public 10,000 to 1

Owning a small business 1,000 to 1

Clearly the most likely way to make a million dollars is by investing your time and effort into your own business.

We real estate agents are all, quite literally, running our own business so it's a matter of making a plan and working the plan.

With over 10,000 members at A.R., that means 10 of us should become millionaires. Will you be one of them?

Carol Williams,
Wenatchee Real Estate Agent

Posted by Carol Williams Wenatchee Real Estate on 12/05/2006 07:39 PM

Comments (10)

become a millionaire, small business

10 Comments on Which 10 Of Us Will Become Millionaires?

Carol-

Fascinating way to look at it and it illustrates the "Big Secret"- "Success is less complicated than most people make it."

12/05/2006 10:00 PM

by ~Teri Lussier~ Dayton RE info @TheBrickRanch.com (Exit Realty Central)

Theresa, Thanks for stopping by my blog. I was surprised to learn we have a better chance of winning on a game show than winning at the casino slots! Hmmmmm

12/05/2006 11:41 PM

by Carol Williams Wenatchee Real Estate (TopPropertiesRealEstate.com)

I'l bet there are more than 10 here already. This is a pretty talented community.

Good advice!

12/06/2006 01:07 AM

by America's #1 Mortgage Broker

I can only hope I will be one of them!! One of my professors told me in college that the best way to make the most money is to go into business for yourself. It took me a few years to figure out what that niche might be until a friend coaxed me into real estate. Here's hoping I made the right choice and you and he are right!

12/06/2006 12:03 PM

by Sue Melhorn (RE/MAX Coast to Coast)

Brian: I bet you're right... so maybe there will be 10 more!

Sue: No reason why YOU can't be one of them.

I think communities like Active Rain will improve the odds... maybe down to 500 to 1??? Not that bad of odds.

12/06/2006 05:08 PM

by Carol Williams Wenatchee Real Estate (TopPropertiesRealEstate.com)

There are many talented people so I am sure you will have alot more millionaires. It really doesn't matter to me one way or the other I just want to live a full like and help others to do the same.

12/06/2006 09:40 PM

by Jennifer Fivelsdal, Rhinebeck NY (Keller Williams Realty)

Jennifer, I'm with you! Being a millionaire is intriqueing but it's not a must for me. My goal is to make a good living, help a lot of people and have a happy family life!

12/06/2006 10:32 PM

by Carol Williams Wenatchee Real Estate (TopPropertiesRealEstate.com)

Given the fact that our profession provides no "pension plan" it should probably be everybody's goal to "be a millionaire" unless you have some other reliable income source. In truth, if we retire at 60 and live til 90, a million bucks is not going to have us living in the lap of luxury.

12/07/2006 06:51 AM

by Norm Fisher (Royal LePage Saskatoon Real Estate)

Norm, Our pension plan is profit sharing, we have to recruit. I was at a meeting today where Mo Abassi shared his knowledge.

the guy is great, he is funny, smart, could sell you anything and shares that anyone can do it. You would never take a second look at him if he didn't speak. and boy, he does that well.

thank you for an easy way to look at this Carol, I've been so counting on the lottery for a while now.

12/07/2006 08:57 PM

by Joanne Brown (Keller Williams Hudson Valley Realty)

Carol - Interesting statistics...thanks for sharing

12/08/2006 06:41 PM

by David Recker (RE/MAX Classic)

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