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.