Do you dream of joining the ranks of the world’s millionaires? Whatever your ambitions, understanding the different types of millionaires is a key to success. From net-worth millionaires who’ve accrued their wealth through investments, to asset-value millionaires whose fortunes lie in tangible assets, to cash-flow millionaires who leverage the power of passive income, understanding the strategies of each type of millionaire offers valuable insight into building and maintaining wealth. Unlock your financial potential to join the millions of other millionaires around the world! 

Net-worth millionaires

Net-worth millionaires are often seen as the epitome of financial prowess. They have attained remarkable wealth by leveraging investments, businesses, and financial instruments. Their net-worth is an accurate reflection of their total asset value – real estate, investments, cash, and liabilities. Nevertheless, net-worth alone doesn’t signify financial stability or liquidity. So, these millionaires must vigilantly manage their financial portfolios to conserve their wealth.

Asset-value millionaires

Asset-value millionaires are strategic and discerning when building their fortunes. They target tangible assets, such as real estate, rare artifacts, businesses, and other appreciable sources, to foster and leverage wealth. By taking this dynamic approach outside of traditional financial markets, such innovators are able to amass substantial wealth and secure their future.

Cash-flow millionaires

Cash-flow millionaires prioritize consistent streams of passive income, strategically mastering rental properties, businesses, royalties, and dividend-paying stocks to benefit from their power. Instead of homing in on accumulating assets or net worth, they are crafting portfolios that generate regular cash flow. By harnessing the power of passive income, they are leveraging these investments to secure their financial future.

The next step

Regardless of how many figures are in your net worth, meeting your financial goals requires a tailored approach. While folks might think this is less relevant for larger portfolios, the opposite is true! Larger portfolio owners need guidance in making sure their investments are aligned with their values and goals. If you are ready to look beyond the Bottom Line to the End Result of your wealth, and if you’re ready to ask serious questions about the goals of your asset accumulation, email me

Douglas Goldstein, CFP®, GFP®, is the director of Profile Investment Services, Ltd. He is a licensed financial professional both in the U.S. and Israel. Call (02) 624-2788 for a consultation on how to set up your American assets to meet your financial goals. Securities offered through Portfolio Resources Group, Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not those of Portfolio Resources Group, Inc. or its affiliates. Neither PRG nor its affiliates give tax or legal advice.

Published August 15, 2023.

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