Most millionaires get money through the following ways (most common):
- Real Estate - this is one of the most common ways millionaires get their money. Many friends of mine who bought even 20 years ago have seen their home quadruple in value. So if you had $250k then, you’d be a millionaire now. Much more common than you think. Most millionaires don't buy million dollar homes. They live in million dollar homes.
- Inheritance - might not be as common as investing in real estate, but yes, many millionaires are millionaires because of inheritance. Read up about generational wealth and the great wealth transfer. Even if you’re worth $500k and then inherit $500k, you’re still a millionaire (now).
- Entrepreneurship - another common way millionaires get their money from. Business ownership provides you with passive income and unlimited profit potential, something working for someone else usually doesn’t provide. I have a friend running a $50k per month drop shipping business and is making $15k per month in affiliate marketing on average. Maybe spent $50k upfront to get things going, and then another $25k altogether. Not bad for investing less than $100k. And yes, he's a multimillionaire today from this.
- Saving and investing - sure this is the most boring way but also one of the most common ways millionaires also get their money from. If you have a good salary and save just 10% of it per year, invest that over enough time, and you’ll likely retire a millionaire. Probably somewhere between $1 and $10 million. This is how most single-digit millionaires probably got to where they are today.
- There are other ways, but these 4 are very common ways from what I have heard. I got my money mainly from the entrepreneurship part along with real estate and saving/investing. Some millionaires got their money from using all 4 of what I said, some only 1, some even none. It all depends on the person as everyone’s story is unique.