A recent This Is Money article revealed that Britain is currently home to 280,000 millionaires. What is very interesting about this is that most of these people are actually multi-millionaires. Britain is home to about 60 million people in total, so only around 1% of the people are in this millionaire category.
This shows how difficult and rare it is to become truly rich, and why one must be dedicated to the cause. Most millionaires became that way by practising habits most other people cannot be bothered to do. There are countless stories of millionaires who have lost a million but then made their money back and more, such as Peter Jones, Donald Trump, etc, so this proves that getting rich cannot simply be about getting lucky. If you practice these skills you might not become a millionaire but you will still be much wealthier than you were otherwise.
I have the privilege of knowing one of these British millionaires, a certain Mr Piper, and I have had the chance to observe his habits and beliefs over 4 years so far, to see what makes him rich. He has no qualifications and does not own a business or have connections but he still managed to become a multi-millionaire. He saves and invests his money, and works hard to cut his costs everywhere. He is very independent and has built up a property fortune of around £3m. I was at his house last week and he told me that whenever he tries to give advice to friends about how to become wealthy they just say to him "well, you got lucky" or "you were gifted your wealth". These statements are so untrue as he started with nothing.
Every time I visit Mr Piper he is always working on about 4 different things. He maintains all his properties himself, and always tell me that if he needs to do a new skill which he's never done before, he'll just learn it. There is never any doubting or quitting with him. I've noticed that every time I visit him he gets me to do some 'menial' manual labour job or another such as carrying planks of wood. He's done this so consistently over the years that I now realise that he is purposefully testing me, or training me in some way. I think he's showing me how work gets done and how he does it, and that the only way to do it is to take action immediately. I've known Mr Piper for years and after all this time he still takes lots of daily action on his goals, he still tries to save money, he still looks for cheap deals on eBay, he still does all of his manual labour work on his properties himself, he is still a multi-millionaire. He remains a great example of the millionaires portrayed in the book: "The Millionaire Next Door" by Thomas Stanley.
I thought of a recent Budgets Are Sexy blog article I read, where the author J.Money tells of how his readers think that just because he now has more money than he had before, it must have come easily to him. Most people think wealth is something to do with luck. They then use this excuse to degrade other peoples success by accusing them of getting lucky. That way they can justify not putting in any effort themselves to gain wealth.
In the book Think Big by Donald Trump (which I am re-reading), on page 15 he says "to be successful you have to separate yourself from 98 percent of the rest of the world....there is a formula, a recipe for success that the top 2 percent live by..". This basically confirms that the vast majority of people in the world are not rich/wealthy because they do not do what the successful people do. Instead they take the easy way out with no budgeting no hard work, no sacrifice, no forward planning, etc.
Only a few people in every country in the world are rich and the majority are poor. If you want to separate yourself from poverty, do what the rich do. Wealth did not come easily for most of them. They worked hard for it, and are still working hard but it gets easier over time as you learn and practise the skills consistently.
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