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~Misconception 10—Millionaires Are either Lucky or Smart~

Updated on November 6, 2014
This person works diligently for his wealth.
This person works diligently for his wealth. | Source

10—Millionaires Are either Lucky or Smart

Whenever a person under thirty years of age has reached the million dollar plateau, the news media often report the big event. People who accumulate this kind of money early in life may very well be lucky or smart, but more often fortunes are made over the course of many years of devoted work.

Since many of us don't have any millionaire friends, we often create illusions about them. We calculate that they must be similar to an alien life form that is vastly superior to ourselves. Since we consider ourselves about average, we assume that it is our destiny to become like our friends and settle for life with modest assets.

Are Millionares Simply Lucky?

Luck and intelligence seldom play a role for anyone who accumulates a fortune. What are the characteristics for a millionaire? According to Dr. Sam Janus, who studies this question at New York Medical College, millionaires have five characteristics in common.

1. They are captivated by their work.

2. They are patient and persevering.

3. They compete only with themselves.

4. No aspect of work is beneath them.

5. The primary interest is not money.

Most people have given up trying to accumulate wealth. They may say, “I'm not smart enough,” or “I'm not that lucky.” This is their rationalization for not jumping off the bandwagon to nowhere and creating a life for themselves.

This article taken from “Born to be Rich.”

Discover the Wealth that has always Belonged to you


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    • Reynold Jay profile image

      Reynold Jay 2 years ago from Saginaw, Michigan

      That may very well be. In that life is short they find something that works and then go with it. IF it continues to earn profits they may end up with a ton of $$$. For many of us, we reach old age before we find something that earns big $$$ and then it is too late!

    • DDE profile image

      Devika Primić 2 years ago from Dubrovnik, Croatia

      Most millionaires are lucky.

    • Reynold Jay profile image

      Reynold Jay 5 years ago from Saginaw, Michigan

      You are correct, of course. I imagine that the two of us possess all of the characteristics.

    • dahoglund profile image

      Don A. Hoglund 5 years ago from Wisconsin Rapids

      RJ, Those characteristics, I think, may be right for success, not necessarily ultra-high incomes. I think it is true for those who earn the money, I am not sure of such millionaires a many politicians who became rich from public office. I'll have to give that some thought.

    • Reynold Jay profile image

      Reynold Jay 5 years ago from Saginaw, Michigan

      We both write inspirational HUBS. Glad you enjoyed it and left a comment as that is always appreciated.

    • stars439 profile image

      stars439 5 years ago from Louisiana, The Magnolia and Pelican State.

      Great hub. Enjoyed it much. GBY.

    • cherrycrime26 profile image

      January Moon 6 years ago from NY, Now Living in Atlanta Ga

      Great article obsessed with being a millionaire, or marrying one :-) actually as long as I'm comfortable with my finances, I'll be happy with that :-) Voted up.

    • Reynold Jay profile image

      Reynold Jay 6 years ago from Saginaw, Michigan

      We are very much alike. Your "message" is very close to mine.

    • christopheranton profile image

      Christopher Antony Meade 6 years ago from Gillingham Kent. United Kingdom

      There is no excuse for any of us really. Thanks for that encouragement Reynold. I'm not certain that I would want to be a millionaire, but I do want to influence people.

    • Reynold Jay profile image

      Reynold Jay 6 years ago from Saginaw, Michigan

      thanks for the comment. Much appreciated.

    • 1youcantoo profile image

      1youcantoo 6 years ago from Hillsboro Oregon

      Great article