Why You DON'T Want To Be A Millionaire



Regis Philbin hit the TV jackpot when he debuted as host of the award-winning game show, "Who Wants to be a Millionaire?" in 1999. The show, an overnight sensation for ABC, tapped into a common American dream – becoming wildly rich. According to the IRS' Personal Wealth Statistics study (last undertaken in 2004), an estimated 2.7 million Americans hold gross assets of $1.5 million or more. If you have ever bought a lottery ticket or made an investment based on a "hot tip" just hoping you could be counted in that IRS number, consider that there may be some downfalls to becoming a millionaire.
  1. No results found.
Related Articles
  1. Insights

    Why Many Millionaires Don't Feel Rich

    Learn about the millionaire mindset, and how you can benefit from millionaire market moves.
  2. Financial Advisor

    6 Millionaire Traits That You Can Adopt

    The most successful people have more in common than just money. Find out what you can learn.
  3. Financial Advisor

    Millionaire Households Reach Record High in U.S.

    Millionaire households in the U.S. reached a record high in 2015, a recent study by Spectrem Group has found.
  4. Managing Wealth

    Why Some Millionaires Have the Middle-Class Blues

    Recent studies show that a large percentage of U.S. millionaires classify themselves as middle class. Here's why.
  5. Investing

    How to Invest Like a Millionaire in 2016

    Discover how to start 2016 strong by learning how to imitate the investing strategies that distinguish millionaire investors from most average investors.
  6. Managing Wealth

    How Not To Become A Millionaire

    Everywhere we look, millionaires are trying to push their methods of financial accumulation on us. But are they effective?
  7. Managing Wealth

    The Great Millionaire Migration

    According to a recent report from New World Wealth, a number of countries around the world are losing millionaires.
  8. Managing Wealth

    5 Easy Steps To Becoming A Millionaire

    Find out some easy-to-follow tips for setting yourself up to become a millionaire.
  9. Financial Advisor

    Why Millionaires are Running Scared

    Most millionaires don't identify as rich and worry about maintaining their wealth. Here's why.
  10. Managing Wealth

    Should You Follow Millionaires into this Sector? (XLF, XLK)

    Millionaire investors—and those who follow them—should take another look at the current economic situation before making any more investment decisions.
Trading Center