Millionaire’s Mindset: How Millionaires Invest Their Money
According to surveys, millionaires focus and invest primarily in growing their assets than to protect their assets. Most people, especially financial advisors think that millionaires less worry about things, but actually millionaires are relatively more like non-millionaires. When millionaires were asked about their level of confidence about retirement at any age they want, surveys show a significant percentage that millionaires around the world are not confident to do it just yet. Today, millionaires put their money in a more dynamic and flexible investment options, and their major decisions when it comes to investment may include developing a solid financial plan, taking cash off the sidelines then making an investment, and taking a more international approach to investing. Millionaires invest largely in portfolio investments, equities, bonds, and real estate, and a small percentage of non-traditional investments.
Millenial millionaires or young millionaires have a common trend in their investing behavior today. Millennials do not want just want to grow their money, they also want to achieve environmental and social goals through their investments, which is referred to as “impact investing”. Today, millennial investors consider social impact as their ultimate key to their investment decisions. It is true that impact investing is incredibly hitting the mainstream, hitting the tipping point. New investors choose companies that make an impact in the society in a more positive way. The investment process practiced by millennials is completely integrated with sustainability values. Unlike in the past, non-financial factors are now playing a major impact on the financial performance of a company, because a large number of consumers and young investors are more supportive of businesses that consider and prioritize not just profitability but more of the social impact of what they do.
The the truth of the matter is more and more investors are becoming open, flexible, smarter and sensitive to their society and their environment. Many investors believe in the return of their domestic and foreign investments if they consider the social impact and environmental outcomes. Indeed, we owe much to ordinary people’s hard work and courage, when they presented protests and campaigns about protecting the environment, providing for the less fortunate, protecting women and their children, fighting against unjust labor, poverty and other relevant social, environmental as well as economic factors, with the influence of social media and other digital technologies providing enlightenment to those who have more in life.
It can be observed that modern millionaires are engaged and active helping businesses with social cause achieve their success, as well as they work together with charitable institutions for helping the poor and the needy. And this is what we all want to be, no matter if you are just an average earner or a new business owner, you should always have the heart for others.