National Be a Millionaire Day
When you think of being a millionaire, what’s the first thing that comes to your mind? It could be the ability to buy whatever you want, travel the world, practice philanthropy on a grand scale, or just eliminating debt. Whatever your personal dreams may be, let’s all celebrate National Be a Millionaire Day on May 20, by doing at least one thing that makes us feel like a million. Try these: get a spa treatment, test-drive an exotic car, or at the very least, treat yourself to a special cocktail or coffee.
The point is, while you’re on your way to becoming a millionaire, focus now on whatever it is that makes you feel rich!
HISTORY OF NATIONAL BE A MILLIONAIRE DAY
Being a millionaire isn’t just about the money, you need to talk the talk and walk the walk. That’s the millionaire lifestyle, baby! That being said, the word ‘millionaire’ was coined in French in 1719 as a term for observers in the Mississippi Bubble who earned millions of French livres weeks before the bubble burst.
The concept of a millionaire appeared in print for the first time in 1786 when Thomas Jefferson wrote about the French as “The poorest laborer stood on equal ground with the wealthiest Millionary.” Over the next few years, the word ‘millionaire’ was used to refer to the wealthy and those towards whom luxury brands were targeted. What’s interesting, however, is that even though ‘millionaire’ is a label for the wealthy, only 0.15% of the total population falls in this bracket. Nonetheless, nowadays being a millionaire is increasingly becoming a more attainable goal and it is losing its relevance as a definition of exclusive wealth, especially in Western societies.
Still, there are currently only approximately 46.8 million millionaires in the world and becoming a millionaire remains a financial goal for many. Reaching that goal is not easy and it still holds a level of mystique. But hey, with shows like “Who Wants To Be A Millionaire?” that debuted in 1999, anything is possible!
TRADITIONS
Traditions for the day are to think like a millionaire, act like a millionaire, and hustle and plan to be a millionaire! Today is one day when people live extravagantly like a millionaire would, and spend money on activities and things that they normally wouldn’t. That fancy lobster dish served at the poshest restaurant in town? Go for it! A relaxing day at the spa? No problem!
Keeping up with a millionaire lifestyle requires hustling and planning finances, however. People are also reminded to look into investment plans and map out their expenses and other spending habits. And if the millionaire lifestyle is not for you, tune in to reruns of “Who Wants To Be A Millionaire” and “Celebrity Homes” and celebrate the day vicariously through their lives.
5 PRICELESS FACTS ABOUT MILLIONAIRES
- Not all of it is inherited
Only 20% of millionaires inherited their wealth. According to the book “The Millionaire Next Door,” 80% of millionaires earned their cash on their own. - Millionaires go bankrupt, too!
The average millionaire goes bankrupt at least 3.5 times. - One out of every 854 people is a millionaire
As unachievable as it seems, being a millionaire isn’t that rare. - A new millionaire is born every 58 hours
This reiterates the fact that becoming a millionaire is attainable. - Half of all millionaires are self-employed
It is never too late to take things into your own hands and begin hustling like you want to and start your own business to maybe become a millionaire!
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