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10 Million Millionaires in the World. Are You One of Them?

June 25, 2008

Read an interesting article on the NYTimes.com today. It seems that, for the first time ever, the Earth is home to 10 million millionaires at once. This is according to research by Merrill Lynch & Co. and Capgemini Group consulting firm.

And 33% of the M-aires (1 out of 3) live in the good ‘old U.S of A. Africa, the Middle East and Latin America combined have just 10% of the group.

The article goes on to say that last year, the combined wealth of these 10 million has grown to almost $41 TRILLION, up 9% from the year before.

This means that each M-aire has an average wealth of more than $4 million. And that doesn’t include the values of their homes!

So, when I read this, a few questions came to my mind.
1. How did they do it?
2. Why ain’t I part of that group?
3. What do I have to do to get into that group?

Obviously, every one of them has taken a different journey to get to that point. Some inherited it. Some made it. Some stole it. Some got lucky. Some made their own luck.

And I know why I’m not in that group yet: I just haven’t done it yet.

As for what do I have to do to get into that group? Well, every day I work on my wealth plan as well as search out for the smartest ways to create wealth. And an article like that one is pretty inspiring. Because, the way I look at it is, if they can do it, I can do it.

So, what do you think about that article? Do you care that there are so many M-aires in the world? Are you one of them? Do you want to be? Could you care less? Let us know.

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