Odds of becoming a millionaire
If you own a small business, you're already more likely to reach millionaire status than most, according to USA Today analyst Danny Sheridan. He calculated these odds on ways to become a millionaire:
- Inheriting it: 12 million to 1
- Winning the lottery: 12 million to 1
- Playing the slots at the casino: 6 million to 1
- Winning in a game show on TV: 4 million to 1
- Saving $800 per month for 30 years: 1.2 million to 1
- Owning a dotcom that goes public: 10,000 to 1 (well, these odds were calculated in August 2000)
- Owning a small business: 1,000 to 1
What I like is the fact that when you own a business, you can actually increase the odds (if you are trained in business and work hard at fine-tuning your operations).
Source: Rich Kid Smart Kid, by Robert Kiyosaki
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