How would you define "Self-made millionaire" ?

Most of those I have met and heard about, who claim to be self-made, were born into rich families, and their parents gave them land, houses, cars, businesses and cash. If someone gives you 999,999 dollars and you put it on deposit in the bank until it is worth over a million, does that mean you are

Most of those I have met and heard about, who claim to be self-made, were born into rich families, and their parents gave them land, houses, cars, businesses and cash. If someone gives you 999,999 dollars and you put it on deposit in the bank until it is worth over a million, does that mean you are "Self-made".

Best Answer:

Peter: The truth of the matter is that there are no self-made millionaires, at least in the sense that they became wealthy all by themselves. No, everyone relies on others, along with social, political, and economic structures as well as a measure of pure luck to get them to wealth. The self-made millionaire is a product of being in the right place at the right time in combination with hard work and other factors that are uniquely beyond one’s control. Many so called self-made millionaires in America have struggled through hard times and have had to work hard for their money. One common thread links these wealthy individuals together; a winning attitude. Of all the success stories that have been written about people who came from poverty and became wealthy, most say that they did it through a strong will, and through smart decision making.

Other answer:

Peter:
a myth it's impossible put him on an island and say ok make a million you for the life of me cannot use phone somebody else invented it or a plane or a ship or the wheel get where its going it's bullsh** the world is full of self made millionaires that just had bad luck
Thomas:
It means that the person named earned most of the money that he has himself.
Beverly S:
Self made means no help from family to me.
Gerald:
a myth it's impossible put him on an island and say OK make a million you can't use phone somebody else invented it or a plane or a ship or the wheel get where its going it's bullsh** the world is full of self made millionaires that just had bad luck
CorgiCare:
Well "Self-Made" means you just made something yourself.

So basically, it just means they made their own money instead of getting it from someone else. Like Donald Trump. He's got boat loads of money, and its all self-made.

And yes, putting money in the bank for it to build up interest is still "Self-made"

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