Does a Person Need to be Smart to Become a Millionaire Essay

Indeed, an individual’s brilliance is necessitated in order for him/her to become a millionaire. Allow me to explain further. In order to achieve the status of a millionaire, an individual ought to â€Å"realize that making money is just the first step to success† (June.. n. p. ). Of course, for a person to reach such a realization, he or she needs to possess intelligence or brilliance (June.. n. p. ). If he or she is incapacitated and cannot realize this, then he or she will never make it as a millionaire (June.. n. p. ). Simply put, an individual cannot get to the top without starting somewhere and knowing where to start entails being smart (June.. n. p. ). So, yes, a person needs to be smart to become a millionaire (June.. n. p. ). Second, even if an individual has the means to earn money, say through a business, or a regular job, if he or she does not know how to â€Å"grow his or her money† then it is useless, he or she will never b able to save a big amount such as a million (June.. n. p. ). Again here, â€Å"growing the money† requires a great mind (June.. . p. ). An individual should be a critical thinker, knowing where to invest his or her money for it to be able to grow (June.. n. p. ). Clearly, we realize again through the aforementioned that a person needs to be smart to become a millionaire (June.. n. p. ). Third, although a person realizes that he or she ought to make money, and even though he or she knows how to â€Å"grow the money†, if he or she does not know how to â€Å"preserve, keep, and protect it† then it is useless, his or effort will only lead to nothing (June.. .n. p. ). He or she will not become a millionaire if he or she does not have the intellect to â€Å"preserve, keep, and protect it† (June.. n. p. ). For instance, if an individual invested his or her money then it grew, but his wife or her husband, say, requested that a new car be bought, although it is unnecessary to purchase such at the moment and the wife or the husband obliged to getting one without thinking twice or just because he or she was just too emotional (say, excited about having a new car as well) then instead of becoming a millionaire, the money will just be lessened if not totally spent (June.. . p. ). See, an individual who is extremely subjective and cannot be very objective in making decisions with regards to preserving, keeping, and protecting money will never achieve the title, â€Å"millionaire† (June.. n. p. ). Remember that a person who is extremely subjective and cannot be objective is not smart and not being smart leads to loss of money (June.. n. p. ). Therefore, a person needs to be smart to become a millionaire (June.. n. p. ). Fourth, a person needs to know important technical terms in order to become a millionaire (June.. . p. ). Some of these terminologies include the following: †cover trusts, estate planning, asset protection, insurance and other wealth preservation strategies† (June.. n. p. ). Understanding the definitions of each and how it works involves a brilliant mind (June.. n. p. ). If an individual cannot at all be aware of and identify with all these, then there is no guarantee that he or she can become a millionaire (June.. n. p. ). Thus, a person really needs to be smart to become a millionaire (June.. . p. ). Fifth, an individual should be able to accept that to become a millionaire saving and investing should be carried out early in life (June.. n. p. ). If he or she does not realize such fact then he or she cannot be categorized as smart (June.. n. p. ). This is why a person really needs to be smart to become a millionaire someday (June.. n. p. ). Last but not least, a person who thinks that becoming a millionaire can happen overnight is not really a great or critical thinker (June.. n. p. ). A person as such is exactly the opposite of intelligent or smart since he or she depends on luck rather than on certain essentials like industriousness & being wise (June.. n. p. ). For example, he or she may opt to gamble because he or she believes that his or money will double through lotteries, casinos, card games, pyramiding scams etc (June.. n. p. ). A person who does this is not brilliant enough to entertain such thoughts and actually carry it out since it is too risky (June.. n. p. ). On a final note, it takes someone smart to become a millionaire really.