You know the show “Who Wants To Be A Millionaire”? Well, most people do. In fact, the Indian version of the hit game show became the focus of the Academy Award winning film, Slumdog Millionaire in 2008. The concept of being a millionaire is the focus of dreams belonging to people all over the world.
For the most part, people generally associate being a millionaire with an unachievable dream. For others, the dream never dies and the hard work and effort that is required to become financially successful is a part of their every day lives. Last month, we happily blogged about the fact that studies have shown that the “self-made” millionaire is the most likely type there is.
Entrepreneurs, it seems, have chosen career paths that will best allow them to turn their dreams into realities by hitting the millionaire mark. Today, QMI Agency’s Sharon Singleton shares some encouraging news to Canadians who may still be working towards achieving that dream.
“The number of millionaire households in Canada is set to surge by 38% by 2020, and total wealth will more than double,” she writes. According to a new Deloitte report on global wealth, “the number of millionaire households in this country will jump from 1.74 million to 2.41 million over the next nine years.”
Yet another example of Canada’s incredible climb out of the recession, the rise in millionaires defines the nation’s ability to strengthen financially. Singleton notes that “total wealth will rise from $3.35 billion to $6.77 billion”. At this time, she goes on to mention, Canada ranks seventh in the world in terms of total wealth.
Interestingly, even though the nation is expected to make significant gains in rich households, the report predicts that Canada will slip to eighth place by 2020. China, which sits twelfth right now, is expected to make a giant leap to seventh by that year. Currently, the United States, Japan and Italy are ranked as the world’s richest countries in that order.
The moral of the story, we’d like to think, is to keep the dream alive. If you aspire to making millions of dollars, accomplishing the feat begins with the belief that it can be done. The next step is to focus on ways in which you can get towards your goal. It’s worth a shot. As the great Wayne Gretzky once said, “you miss 100 per cent of the shots you never take.”