Finding your path from millionaire to multi-millionaire

If you want to be part of the top 1% globally, the goal is to become a multimillionaire with a net worth of about $11 million. But, to be one of the wealthiest people in the world, or an ultra high net worth individual, you’ll need to reach a much higher valuation.

If you’re still working on making your first million, becoming a multimillionaire might seem like little more than a pipe dream. However, once you’ve taken the step of crossing the million dollar net worth threshold, it becomes easier to leverage your capital into increased wealth. In this article, we’ll help you decide what to do next in order to reach your financial goals and take your net worth to the next level. 

You have what it takes

Becoming a multi-millionaire is less difficult when you’re already a millionaire. One way to build your net worth is to focus on investing in the right areas and relying on yourself and your skills to bring in income. You are your own greatest asset, and, even if the market fails, you will still have your own experiences and abilities.

Adopting the mindset of a multimillionaire is crucial if you want to build net worth. First, you need to set specific goals and targets, and consider how every business decision will impact these goals. Additionally, you need to understand what types of actions and investments are necessary to achieve your goals. 

In some cases, those actions might seem risky or counterintuitive. However, multimillionaires make their money by taking financial risks and reaping the rewards. For many high net worth individuals, the risk of investments doesn’t concern them because they’re confident in their financial strategy. With careful planning and an experienced financial consultant, you can find yourself climbing the ranks toward the top 1% in the country. 

We have your back

If you have hopes of going from a millionaire to a multi-millionaire, partner with an experienced team of financial consultants to guide your decisions. You will never see $10 million or $20 million in your bank account without a top tier team supporting you. 

Concerned that your current advisors aren’t cutting it? Take a look at how to fire your accountant so you can start your journey to decamillionaire.