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...

I would probably feel like a millionaire, if I had managed to save about four weeks of my pension, and not had to buy a single thing,or pay any bills etc.

I think to me a millionaire is literally having £1,000,000 in beautiful shiny coins in your bank account. I know property can be worth millions but I literally mean having mills in the bank 🏦

Must be amazing to just dancer round Harrods and decide to buy 5 channel bags just because or to just decide to take a luxury cruise because you fancy a break.

I'll keep dreaming about it with a hope that I'll happen to us one day lol

She asked how you had become a millionaire not what do you spend your money on.
Tbf she asked what it was like, is it what it’s cracked up to be, and what luxuries people had, aka what do you spend it on.

Euromillions. So much I can't spend it all.

This is a fantasy thread, right?

If you want to know about real millionaires... sorry, can't help you.

We’re comfortable, over a million worth of property but also have mortgages so probably net just under a million.
In a decade or so we will be proper millionaires due to inheritance. Then we will look back and think that our life was better now with more family in it.

No one would have 1m in a bank account, it's not protected & your money isn't working for you. You'd invest most of it.

[quote HollowTalk]@LadyCampanulaTottington She asked how you had become a millionaire not what do you spend your money on.[/quote]
She actually did and I quote …

What sort of luxury do you indulge in that people like me can simple not afford

No one would have 1m in a bank account, it's not protected & your money isn't working for you. You'd invest most of it.
My uncle once got £500 in cash out of the bank “just to see what that much looked like”. He would 100% put £1m in a current account for the satisfaction of seeing the balance at the cash machine.

I’ve moved on from euromillions daydreams – there’s no edge to it, you can’t spend that much. These days I like to play “what if the £1m prize only”: would I go all in on a baller house? Or settle for a house half the amount and stick the rest in pension, then still have to work but only a bit? Would I share with DP? How much house and pension can I get but still have enough leftover to do fancy wallpaper? There’s real graft in the lower level lottery fantasy wins.

Motherlode

@ElvisPresleyHadABaby someone knows the key to infinite riches!

If only it worked in real life.

@sugaraddictwithapinchoffluff Very few millionaires would have millions in their bank account, it’s a waste. You invest it.

My friend's mother bought penny shares as a hobby. Including BodyShop, Polly Peck etc, when worth nothing - and sold them at their peak. Essentially gambling made her a fortune. She worked in London and studied the business pages on the train, and had a rule about not spending more than a certain amount and knew just when to ditch them to make the most.

@balonsz

No one would have 1m in a bank account, it's not protected & your money isn't working for you. You'd invest most of it.

See there you go i can't even get that bit right 😂😂😂😂

I found a lost Harrison watch and sold it at Sotheby’s for 6.2 million. It was in my garage.

The person I know who became a millionaire did it by becoming a pop star.

My parents are cash millionaires, as well as owning their £500,000 house outright. They are in their early 60s, both been retired 10 years.

My dad had a very good job, he earned £300,000 a year plus bonus. They saved a lot of money, weren't extravagant, I lived in a modest house growing up but we obviously never went without.

Very lucky, as thanks to their financial planning I'm likely to be a cash millionaire too when they pass away, along with my brother.

Oh I do know someone who's a millionaire. They inherited lots whilst we were at uni. Main thing they do is work very p/t, use it for school fees, drive a expensive car, doesn't have to save for home improvements eg spent 35k redoing their small garden. Does lots of holidays & days out, she has recently booked the Maldives for a family holiday & it was between 30-40k!

My mates mum had a lot of property, she was born at the right time, bought it al cheap and now worth loads so when she passes my mate will be a millionaire, until that time though she is struggling.

Funny world.

@balonsz

No one would have 1m in a bank account, it's not protected & your money isn't working for you. You'd invest most of it.

the super-rich would. they'd have easy access to that kind of cash.

I think they'd have it in cash in their safe

@INeedtobealone

My parents are cash millionaires, as well as owning their £500,000 house outright. They are in their early 60s, both been retired 10 years.

My dad had a very good job, he earned £300,000 a year plus bonus. They saved a lot of money, weren't extravagant, I lived in a modest house growing up but we obviously never went without.

Very lucky, as thanks to their financial planning I'm likely to be a cash millionaire too when they pass away, along with my brother.

That absolutely fabulous! I really love to hear people's good fortune !

May I ask what it was your dad did to have that salary ?

I earn a lot.
DH earns a lot.
We've been given a lot.

The last one makes the biggest difference.

or offshore

I converted £5 into Zimbabwe dollars.

@balonsz

No one would have 1m in a bank account, it's not protected & your money isn't working for you. You'd invest most of it.

I have clients with exactly that, more in fact!

When you have £15M, £1.5M in cash is not that extraordinary

Bank heist.

No wait.. inheritance.

Actually, I worked 24/7 for 10 years. No sleep no slumber.

Okay, seriously, lottery!