Throwback Thursday: Does Becoming A Millionaire Appeal To You?

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Education & Training with U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business.


"Work is just something I'm doing until I win the lottery."

On January 6, 2008
I wrote the following post here on AR.  I would love to readjust the numbers to reflect today's membership numbers but, with all the spam memberships, that is impossible.  But, you should get the point. 



* * * * *

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

Owning a small business                           1,000 to 1

Clearly, the most likely way to become a millionaire is by investing your time and effort into your own business.

Real estate agents are all, quite literally, running their 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?  

I hope so! 




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"The best way to predict the future is to create it!" -Peter Drucker


Carol Williams: 
The New Real Estate Agent's Survival Guide.  

Customized coaching, goal setting and marketing

Ask for a FREE consultation with Carol
TopTeamCarol@gmail.com

 

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Rainmaker
2,585,749
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Carol... okay, I'll admit it... I'm still waiting to win the Publisher's Clearing House sweepstakes one day! (In the meantime, I'm running my own business... just in case. )

Oct 04, 2018 01:08 AM #1
Rainmaker
2,562,125
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Carol.

I'm sure of one thing, at this stage in my life I won't be a millionaire.  What I am is comfortable where I am.  My life is just wonderful

Oct 04, 2018 02:14 AM #2
Rainmaker
2,818,164
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Carol. Always nice to have money, much better to truly enjoy your life. Enjoy your day!

Oct 04, 2018 05:17 AM #3
Rainmaker
1,543,738
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Great encouragement to all of us today to work hard and keep our focus! 

Oct 04, 2018 05:33 AM #4
Rainmaker
2,255,368
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Those are interesting stats for becoming a millionaire, Carol.  There was a time in my life when that would have appealed to me more than it does now.  I am enjoying life in its beautiful simplicity.

Oct 04, 2018 05:33 AM #5
Rainmaker
1,070,088
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Good morning Nina Hollander 
Keep working Plan B. 

Oct 04, 2018 06:04 AM #6
Rainmaker
1,070,088
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Good morning James Dray ,
Being content with life is worth way more than money, isn't it?

Oct 04, 2018 06:05 AM #7
Rainmaker
1,070,088
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Totally agree with you on that, Wayne Martin !

Oct 04, 2018 06:06 AM #8
Rainmaker
1,070,088
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Good morning Lise Howe ,
It is well worth the effort when it's time to retire!

Oct 04, 2018 06:07 AM #9
Rainmaker
1,070,088
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Good Morning Myrl Jeffcoat ,
I'm at that point in life too, Myrl.  It feels good.

Oct 04, 2018 06:08 AM #10
Rainmaker
3,561,899
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Carol Williams,

Loved your post with the stats for becoming a millionaire! Hard work and saving and having a good financial advisor will get you much farther!

Oct 04, 2018 06:41 AM #11
Rainmaker
3,160,398
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning again Carol. I don't ever worry about this. I haven't ever won anything and I don't expect that to change.

Oct 04, 2018 07:05 AM #12
Rainmaker
1,070,088
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Good morning Dorie Dillard CRS GRI ABR ,
I thought the stats were pretty interesting too.  Just goes to show owning your own business, which is what being an agent is, offers the best potential for financial security.

Oct 04, 2018 07:14 AM #13
Rainmaker
1,070,088
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Sheila Anderson ,
It's good to be at the point in life where we can enjoy the fruits of our labors, and spend our time as we choose.

Oct 04, 2018 07:15 AM #14
Rainmaker
2,117,252
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

My quest in life is not to become a millionaire, but having a million dollars seemingly would take some financial stress away from me, haha.

Oct 04, 2018 08:16 AM #15
Rainmaker
1,001,405
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Interesting stats, to be sure.  I'll just say I am perfectly content with the life I have. 

Oct 04, 2018 11:46 AM #16
Ambassador
2,729,287
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Carol - compounded interest!!  Start young and keep building up from there - consistently. Actually I thought you were going to talk about being a millionaire AR member!!

Oct 04, 2018 01:37 PM #17
Rainmaker
3,915,962
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Carol,

Like Nina Hollander I am waiting for the new Ed MacMann to show as an emissary of Publishers Clearing House and tell me I have won...A

Oct 04, 2018 02:06 PM #18
Rainmaker
2,861,562
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Carol, loved this post too bad I missed it the first time around, I will have to admit it... clearly  I am waiting for the Lottery and funny  I was planning on writing a post about The Lottery & also what  Ron and Alexandra Seigel  commented about... so there has been two posts swirling in my head, but it is Playoff Season hence I am limited on time:)Endre

Oct 08, 2018 10:09 PM #19
Ambassador
2,832,643
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 Today you have to be a billionaire to have the same benefits that I need in your head in the past Carol Williams 

 

I am blessed 

Oct 11, 2018 10:18 PM #20
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