For each of us, freedom through our opportunities in the real estate industry is going to take a different form. Each of us will have different goals. We'll have different numbers we want to hit. We'll have different things that our freedom will fund and different objectives of how we're going to spend our time.
Yet, as we make our journey towards freedom, it's important to look at those who have gone before us to gain some wisdom to help us in our journey. Here are some general statistics about millionaires.
As you read these statistics, think about where you're at and what you could do to improve on your journey.
Remember, a millionaire is simply a category to help describe someone's net worth. It's more about the below-the-surface characteristics that we can learn from and apply in our own lives to help us grow our wealth and accomplish the goals we have set out for ourselves.
WHO ARE THEY?
After reading this, you have to have a little bit of an internal "chicken or the egg" debate. Yes, it's much easier to save 23% of your income when you have a million dollars. Yet, it's probably BECAUSE they were disciplined in saving 23% of their income consistently over time that they became a millionaire.
Take a look at their habits. 76% exercise 4 days a week and 74% are happy with their work/life balance. That's probably because they are successfully managing their time vs. letting things throw off their schedule. It's probably why 80% are still working.
They are disciplined. They are intentionally reading 30 minutes a day, meaning they don't have time to watch over an hour of TV a day.
What truths can you pull from these statistics and what can you work on to apply to your own life? The stats will simply remain stats unless you make a CHOICE to apply something to your own life.
Remember, it's a journey so you don't have to change everything overnight. Yet, if you don't make any changes, you'll continue to see the same results.
Credit to millionairefoundry.com for compiling the statistics used in this article.