. ... or miss out on all the fun … . Myth 7: Millionaires Are Elitists . Tax advisors and estate planning experts are also in the top of the list. Millionaire Secret Splurges. I took it out to 100 years mainly for the fun of it, but you can see that more than a million dollars can be amassed in half that time. Thomas Corley, Contributor 2014-09-18T15:04:00Z The letter F. An envelope. 3. “Successful people are goal-oriented,” Corley wrote. I know a few multi-millionaires, but only one billionaire, so I will answer in relation to the latter, though there is plenty of overlap with the former: (1) they read. There were 92 mentions of what millionaires like to buy/their secret splurges. [7] Many millionaires think that the ideal occupations for their kids are accountants or attorneys. Here's What Rich People Do For Fun. An image of a chain link. Let's talk about what it means to be a millionaire. 19 Things Future Multimillionaires Do in Their 20s ... the habits and practices that 30-year-old self-made millionaires embraced in their 20s. —Chris Hogan. Most American families are spending more than the average millionaire on groceries . These decisions allow them to do things like save for retirement and college, and build up a large down payment for their dream home. "Everyday millionaires spend most of their lives sacrificing temporary pleasures for long-term success." It's fun, but not always easy. They Maintain a Daily To-Do List. Contrary to popular belief, many millionaires do not live in mansions in prestigious neighborhoods. Get this: The average monthly grocery expense for millionaires is $412, 1 while a comparable non-millionaire American family spends $647. [7] Most modern American millionaires today (about 80%) are first-generation millionaires. It indicates the ability to send an email. According to the dictionary, a millionaire is someone who has a net worth of a million dollars in assets. Stock.xchng We all imagine millionaires drinking expensive champagne at breakfast, driving expensive cars, shopping at the most prestigious establishments and vacationing in exotic locations. I do mean, they read. 2 That means non-millionaires spend about 57% more on groceries than millionaires. It's not as glamorous or fun, but millionaires go to work just like you do; it's how the money gets in the bank. millionaires, all priced under $100. Before we get to the exact findings, here are the top-line results: 55 millionaires responded to the question (not everyone answers every question and some who did said something like “I don’t really spend”). Concentration of millionaires: 7.2%; Median income for all households: $68,368; Median home value: $222,300; If your ideal summer retreat is a lakeside getaway, you could hardly do … every single month. The average millionaire goes bankrupt at least 3.5 times. A lot. They realize that instant gratification is fun—but delayed gratification is so much better. In fact, his research showed that 81 percent of the wealthy maintain a to-do list versus 19 percent of poor people. Mostly, non-fiction. In his book “Rich Habits,” Corley stumbled upon another finding: making daily to-do lists is one of the key habits of the wealthy. Let that sink in for a minute. Gift ideas for the man or woman who has everything, i.e.