The media always get this wrong. It is possible to be a millionaire and live like a pauper. Being classified as a millionaire only means having assets totalling up to a million bucks. If that happens to be your home, there is no income from that asset. For example, I read recently that an apartment in Hong Kong purchased for $100,000 in 1982 is now valued at $6.4 million. The owner still lives in that apartment and earns no income from that. Some people would say they should sell and downsize, but that may not be possible, and unless they relocate to a cheaper city, they still have to buy in the same market. Others would suggest a reverse mortgage to give the owners an income. There are many good reasons why someone would resist that path. Anyway, the point is that being a millionaire does not necessarily lead to a millionaire lifestyle. It’s actually much easier to have the lifestyle without being a millionaire. Let’s assume that your million-dollar asset is an income-generating one. Let’s also assume that the income it generates is 10% per year reliably. Oh, look. That’s the fabled six-figure income the gurus talk about. Will $100,000 per year give you the lifestyle you dream of, or isn’t it quite enough? You can reach that monthly income level ($274 per day) in months if you put your mind to it. Regards, P.S. You’ll need a platform to build that income on and a system to follow to make it work. Get your platform access here for free. https://go.wm-tips.com/llhome. Read my emails for the system. |