Owning a business is the path to becoming a millionaire, according to the research of one author. Jaime Masters, who decided to survey more than 100 millionaires to see how they achieved the goal. Entrepreneurship, while risky, gives you more control over your fortune and destiny than other paths, Masters says. Click through to read more, and visit her website to read case studies from her interviews with self-made millionaires who make their fortunes on their own terms.
businessinsider.com – Jaime Masters, author of “The Eventual Millionaire: How Anyone Can Be an Entrepreneur and Successfully Grow Their Startup,” hoped to change her lifestyle when she was 24.
Masters, who wrote under the name “Jamie Tardy,” was over $70,000 in debt and hated her job as a project manager for a company that installed computer equipment.
“I felt stuck, because I knew we were in debt and I couldn’t quit my job because of the choices I had made,” she writes.
Instead of giving up, Masters began to study and interview people who had already reached that goal.
Based on research from Thomas Stanley in “The Millionaire Next Door,” and the many “first-generation rich” millionaires she interviewed, she come acrosscommonalities that led their successes. You can read some of her case studies on her website.
She writes that the one proven way to become a millionaire is not by investing, nor is it real estate. Instead, more millionaires have made their money by owning their own businesses than by any other means.
Read more here.
