What are Your Chances Of Becoming A Millionaire? - Isnt This Cool?

20 replies
According to a study conducted by the Deloitte Center for Financial Services, that as of May 2011, there are currently almost 38 million people around the world who are classified as U.S. dollar millionaires -Wiki

Wow, talk about making your dreams feel more utterly realistic!

It makes you think "Wow could I be one of those 38 million people...?", instead of "I only have a one in a million chance and the odds are stacked against me".
#cool
  • Profile picture of the author Colm Whelan
    A quick calculation gives that as approximately .54% of the total population or about 1 in 190 - which isn't bad odds when you think about it!
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  • Profile picture of the author jslim
    Totaly agree!
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  • Profile picture of the author jomarcans
    [DELETED]
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    • Profile picture of the author Vikuna2009+
      I hate to admit it but I would probably settle for less... (Do you have any statistics on that too, lol?)
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  • Profile picture of the author philboy uk
    I quite often have stupid ideas, and this maybe one

    but to earn $1000,000 selling a product with a profit of $200, I would need to sell 5,000 of that product.

    I am guessing the average person could not conceive selling 5,000 of anything

    but could the average person consider being able to sell 100 of a product,if there was a huge market and this was backed with a proven system, maybe this sounds more feasible.

    so focus your effort on selling 100 of this product in the shortest time period possible. Come up with a no brain solution, systemise it, test different strategies and automate as much as possible.

    then do some beta testing. you will split the profits with your jv partner 50/50 I am sure a lot of people would like to earn $10,000 , especially if you can give them an easy to use formula, and will require minimum of effort on their part.

    once you nailed the system and have social proof, take it to the market place, you would need 100 people that can follow your formula to make your $1000,000.

    Perhaps an even easier strategy would be to approach businesses that already have a large client base and then do a jv partnership with them. give them an automated system which they can plug into their sales funnel.

    so first focus on the system, and then focus on helping your jv partners to implement the system.
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  • Profile picture of the author iAmNameLess
    This is actually my goal by the end of 2012 if we're still alive.... we'll see. By then being a millionaire in USD might not be much to brag about lol.





    Edit: Now that I see someone brought a year old thread up from the grave... To stop the PM's and emails.. no I didn't do 1 mill this year. I thought I was going to, but still a considerable amount away. Always next year.
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    • Profile picture of the author John Durham
      Originally Posted by iAmNameLess View Post

      This is actually my goal by the end of 2012 if we're still alive.... we'll see. By then being a millionaire in USD might not be much to brag about lol.
      12/21 is coming man....look out for the Alien invasion!

      Originally Posted by gmil88 View Post

      Isn't that 1 in 190 figure just showing one out of every 190 people is a millionaire? What does it have to do with your chances of becoming one? I feel that someone that is actually working towards becoming a millionaire has a much better chance than 1 out of 190 then right?
      Depending on how dedicated they are I would like to think the chance is 100%
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      • Profile picture of the author gmil88
        Originally Posted by John Durham View Post

        12/21 is coming man....look out for the Alien invasion!



        Depending on how dedicated they are I would like to think the chance is 100%

        Now that's what I'm talking about!
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        • Profile picture of the author Claude Whitacre
          Your chances of becoming a millionaire are actually much higher than .5%. These statistics include the vast majority of people who could never earn a million a year, because they are salaried employees. And most would never invest well enough to end up with a million in assets.

          About a third of my business friends do over a million in gross business a year, and I'm guessing that maybe 10% of them actually earn that much a year.

          Believe me, most millionaires I know drive the same cars we do, live in the same homes, and eat in the same restaurants we do.

          In most areas of the country, making a million a year makes you comfortable, but I wouldn't think of myself as wealthy.

          A friend of mine got a million dollar sale, where he actually got a check for one million dollars (and change). I asked him what he was going to do with it. He said "Make payroll. Maybe pay down some debt".

          It was a good sale, but not life changing.
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    • Profile picture of the author celente
      Originally Posted by iAmNameLess View Post

      This is actually my goal by the end of 2012 if we're still alive.... we'll see. By then being a millionaire in USD might not be much to brag about lol.


      .
      INfact IF you have a million dollars in USD right now, its not actually worth that much by any standards, the US dollar is devaluing big time, but you aint seen nothing yet. But what do I know
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  • Profile picture of the author sdentrepreneur
    Going to try to lock down a $500,000 year in 2012, so I will be half way there !!!
    I have many friends of mine that make 7 Figures with Internet Marketing.
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    • Profile picture of the author Michael Bucker
      Originally Posted by sdentrepreneur View Post

      Going to try to lock down a $500,000 year in 2012, so I will be half way there !!!
      I have many friends of mine that make 7 Figures with Internet Marketing.

      You are the chosen my friend you will do $500,000 and more. Tap into those friends and recruit them as your master mind team. Make it their goal to get you there as well as yours.

      I am saying (December the 1st 2011) you will Not only reach $500,000 in 2012 but you will go beyond it.
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  • Profile picture of the author guyd
    Another great fact like this I heard yesterday was:

    "There is enough money in circulation for EVERYONE ONE OF US to have a Million pounds"

    Pretty uplifting huh!
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  • Profile picture of the author gmil88
    Isn't that 1 in 190 figure just showing one out of every 190 people is a millionaire? What does it have to do with your chances of becoming one? I feel that someone that is actually working towards becoming a millionaire has a much better chance than 1 out of 190 then right?
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  • Profile picture of the author vndnbrgj
    I guess it all depends on what you consider a millionaire....

    Someone could have made a million in there working lifetime.
    $25k a year at 40 years is a million.

    Then, there is someone's networth.
    Between all the assets they have a total net worth of a million.

    Then there is liquid.
    Where you look at someone's bank statement and it shows a million.

    Which kind of millionaire do you wanna be?
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  • Profile picture of the author Michael Ten
    So if that is true, then about 1 in 200 humans are millionaires? About .5%....

    Good point, OP!
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  • Profile picture of the author Tsnyder
    The chances of you becoming a millionaire are simple... either 100% or 0%.

    Those who are willing to gain the knowledge and skill required to
    become a millionaire and apply that knowledge and skill on a consistent
    daily basis have 100% probability of becoming a millionaire... assuming they
    don't die first.

    Those who aren't willing to gain the knowledge and skill or apply it on a consistent
    daily basis have 0% chance no matter what they do... the exception being the rare
    individual who picks the correct lotto numbers.... lol

    As with most things... becoming a millionaire is a choice... not a chance.
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    If you knew what I know you'd be doing what I do...
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  • Profile picture of the author kenmichaels
    Becoming a millionaire is the easy part.

    The hard part is staying one.
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    Selling Ain't for Sissies
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  • Profile picture of the author dave147
    Yes it's more of a choice than a chance in relation to the correct and consistent application of your acquired knowledge If you're looking for "chance" Do the lottery!
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  • Profile picture of the author sdentrepreneur
    Wonder how many of them are Internet Millionaires?
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