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What’s the Median Age of a Millionaire?

  • 3 min read

It’s not too late. You don’t fail until you entirely stop moving.

Patience, discipline, and vision matter.

Especially if your goal is to become a millionaire one day.

I often want too much too fast.

For example, my father asked me the other day if I knew the average age of a millionaire.

No.

I was super surprised when I opened my inbox and found the answer in a newsletter:

  • The median age of a millionaire is 49 yo.
  • The median age of a billionaire is 67 yo.
photo credit: Contrarian Thinking

Codie Sanchez from Contrarian Thinking explains there are three talents required to acquire the *boring business mindset of millionaires*:

Patience:

Like investing in a roofing company for 40 years and patiently experiencing market downturns and swings… until “suddenly” you have 800+ places.

Discipline:

Take a $5,000 loan to negotiate a used garbage truck, utilize the truck to attract clients, use the earnings from those customers to buy out your first competition, and then take the entire firm to the top.

Long-term vision:

Like a youngster who watched his grandfather create furniture as a pastime.

Who transformed that hobby into a distribution corporation, retail store, manufacturing behemoth, and industry world leader.

Even if you don’t become a millionaire, it’s great visualizing this goal

If your goal is to make money with your side hustle and create a startup… you need to know that you don’t fail until you entirely stop moving.

So no matter how old you are, you should never completely stop going if you want to make your long-term vision a reality.

Even if you don’t become a millionaire, it’s great visualizing this goal and try to reach it with patience and discipline.

Bottom Line

I’m a thirty-something, a part-time creator and my online business is my side hustle.

I have a job, a family, a husband, and a kid and I’m pregnant.

My vision? That my side hustle can feed my family one day. I don’t need to be a millionaire for this.

But it’s great to know it’s not *too late* to become one.

My patience, my discipline and my vision will show me the way… no matter where it leads me.

Humming “The only way is Up” while writing this :)

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