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NATIONAL BE A MILLIONAIRE DAY - May 20

National Be A Millionaire Day | May 20

NATIONAL BE A MILLIONAIRE DAY | MAY 20

Annually on May 20, we celebrate National Be a Millionaire Day and wonder what it would be like to be a millionaire.

#BeAMillionaireDay

Have you ever imagined what it would be like to be a millionaire? If you have, this holiday is for you. However, imagining millions does no good if you can’t imagine how you would spend your millions.

A million dollars today may not be what it used to be, however, having one million dollars in your bank account is still a major financial success. Today, you can start taking steps to turn your dreams into a reality. A good start is planning for your future:

  • Start a savings account.  If you have an existing savings account, review it to make sure you are earning the maximum interest available. Increase the deposits into your savings account.
  • Review your financial portfolio with a trusted expert.
  • Review your investments. Look at ways of improving your investments.
  • Add to your 401K. If you do not have one, start one.
  • Pay off your credit card.
  • Review your spending habits. Find ways to spend less and save more.

Every millionaire has secrets and tips on how to become a successful millionaire. According to www.ramseysolutions.com, there are five habits millionaire’s practice. Millionaires:

  • Read and learn constantly.
  • Sacrifice things that cost money.
  • Pay cash for as much as possible.
  • Create and budget and stick to it.
  • Often donate to charities, friends or organizations.

The United States has the most millionaires in the world, ranging from millennial millionaires to old money millionaires.

  • The average millionaire owns at least three properties.
  • 44% of millennial millionaires live in California.
  • Only 1% of the population make up millionaires.
  • About 3.3 millionaire households live in New Jersey.
  • 77% of all millionaires in the U.S. are white.
  • There are 21 million millionaires living in the U.S.

SPEND YOU MILLIONS

  • Pay your bills.
  • Hide some under your mattress for a rainy day.
  • Start a business.
  • Save for retirement.
  • Buy some property, specifically real-estate.
  • Invest. Invest. Invest.
  • Donate.

NATIONAL BE A MILLIONAIRE DAY HISTORY

We are not sure who created National Be A Millionaire Day. While we continue to research, you can learn a few tid-bits about some millionaires who have made history using technology:

  • Elon Musk (50 years old): Co-founder and CEO of Tesla. His net worth is $268 billion. He owns only 16% of Tesla, which means he invested in other companies to make his billions.
  • Jeff Bezos (58 years old): Cofound and Executive Chair of Amazon. He is worth $150 billion. He owns 10% of Amazon. He also has ownership in Blue Origin, The Washington Post and cash8.
  • Bill Gates (66 years old): He is the co-founder of Microsoft and worth $127 million. Interestingly, he only owns 1.9% of Microsoft, meaning he makes more money from his other investments with Cascade Investment LLC and cash36.
  • Steve Ballmer (66 years old). As the highest stakeholder in Microsoft, Steve is worth $97.6 million. He also owns the LA Clippers and cash 93.
  • Sergey Brin (48 years old): As a co-founder and current board member of Google, Brin has a net worth of $101 billion. He also has ownership in Alphabet, the innovative technology company that creates services like self-driving cars and smart glasses.