How did you become a millionaire

[sugaraddictwithapinchoffluff]

Go on, make me extremely jealous of how you became a millionaire, what it's really like and is it what it's cracked up to be? What sort of luxury do you indulge in that people like me can simple not afford ...

Take it away...

On MN, it’ll be by working PT term-time only and flexible hours, around 2-6 per week, for £200,000. Quite frugal – my house manager is very savvy in Waitrose, we chose bifolds or parquet, not both, etc.

Just saved and invested it wisely – eg bought my double-fronted Victorian mansion in west London 30 years ago then sold it last year, try getting on the property ladder three decades ago?

I became a millionaire by .... Playing on the Sims 😅🤣🙂😂 my character has over 10mil simoleons.

@hotmeatymilk

On MN, it’ll be by working PT term-time only and flexible hours, around 2-6 per week, for £200,000. Quite frugal – my house manager is very savvy in Waitrose, we chose bifolds or parquet, not both, etc.

Just saved and invested it wisely – eg bought my double-fronted Victorian mansion in west London 30 years ago then sold it last year, try getting on the property ladder three decades ago?

I'm really hoping I get some replies, will be interesting to hear but yes I imagine your gonna be right lol

@CatRatSplat

I became a millionaire by .... Playing on the Sims 😅🤣🙂😂 my character has over 10mil simoleons.

Oh wow how much fun! So what's it life? Is life much different for you now?

Following for tips. I've got nothing but debts.

Just saved and invested it wisely – eg bought my double-fronted Victorian mansion in west London 30 years ago then sold it last year, try getting on the property ladder three decades ago?

I was just about to say….

My parents bought a house in 1986 for £66,000. It is now worth close to £1 million.

The person I know who is a millionaire inherited the vast majority of his father's estate, who also inherited the vast majority of his father's estate and so on back through the centuries. The other children in each generation inherited much less. The estate is farmland so they don't live like millionaires, the bulk of their spending money comes from his wife's professional job. Many farmers are in similar situation, millionaires on paper but all the money is in the land.

I can tell you how my parents did it.
They save and spent very little.
They moved overseas
My dad worked stupid hours
They were very savvy investment wise, saving at any opportunity and then investing. They bought their first (very small) buy to let flat when they were early 30s and carried on at every opportunity.

What do they do that I am nit doing? Very little because they still don’t spend a lot of money. But it has allowed them to pay for my dcs private school etc…
And most importantly they are nit worried financially as they are getting older (eg they know they could pay for 24/7 care if they needed)

My husband’s company went public.

Yes my characters plumbob shines brightly and they are able to go on many expansion pack holidays including skiing 😂⛷️

My friend who lives in the South East in a standard terrace house has constantly re-mortgaged in order to buy more flats to rent out. She now has 4 flats, plus their terrace house, so is worth about 1.5 million.

Several people died.

(I'm not a millionaire)

I created my own business.

I buy convenience as my luxury. We have a full time housekeeper (our house is relatively small as there’s just the two of us now). She does everything including batch cooking weekday meals. We have a gardener, a valet comes to the house to clean the cars and twice a year we get the carpets washed.

We travel business class when possible and pay for lounge access, speedy security checks and put all of our bags on the hold. Some airports have a private terminal that they keep hush. You can pay to use it even when flying commercial.

We pay for a black American Express for the extra air miles and use the concierge service regularly.

For me, money buys time because I pay others to do the things that either I hate or are not a good use of my time. I am the golden goose after all.

Mostly through selling their companies, generally on earn outs. On paper millionaires are very different to those who have millions in the bank.

According to many posters I've read on here...by being a sahm.... apparently then your husband can devote all his time to his career and make mega bucks. Full disclosure...I'm a sahm who does most house/child stuff and we're still not millionaires..... I must be doing it wrong

On MN, it’ll be by working PT term-time only and flexible hours, around 2-6 per week, for £200,000. Quite frugal

Yep, always so frugal.

My parents & inlaws are property millionaires. Just bought in the 80s in London, that's it.

bought for between 40-60k in mid 80s, now sell for 1.4-2m

I really don't think buying property that has gone up in price over the decades counts as savvy investing. Its pure luck at being born at the right time and profiting off the back of house price inflation. I say that as someone who has benefitted from it, while realising how much misery its caused future generations that aren't so lucky.

I'd love to hear more from people who worked hard or set up businesses.

I got married.

Relative that is a multi-millionaire in assets as well as cash.

Both her and her husband had a property business. Bought them, did them up and then sold them on again. London area so although outlay was high, profits also very good too.

@Annabelle69 I agree

Following for tips 🤣

but that's how the vast majority of millionaires will have been created in the U.K, property either BTLs, flipping or just their home. It's a different ball game these days

Ex dh built up a company and sold it. He also.has property. Probably worth about 10 million.

It’s very hard these days unless you were born into money. Lots of millionaire stories are related to property and that’s unobtainable for most these days.

I do know someone who will now be a millionaire. He bought a small house in London a long time ago, sold it for a huge profit, used the profit to buy a business, worked hard to turn the business into a success, eventually sold the business and bought buy to let’s with the proceeds.

If you ask him he will say as much of his success is down to timing and luck, as it is to hard work.