Myths about millionaires that keep you away from wealth

Debunking common myths about millionaires with bunq. Learn how understanding personal finance and setting clear financial goals can help you build wealth.

September 15, 2023

Do you dream of becoming a millionaire? If so, it's time to debunk some myths that could be standing in your way. Understanding personal finance and setting clear financial goals are key steps towards building wealth. Let's dive into the most common misconceptions and see how bunq can help you on your journey.

Myth 1: Millionaires Inherit Their Wealth

Of course, some people are born into wealth. At the very least, it's undeniable that, on the road to becoming a millionaire, some people get a head start. However, contrary to popular belief, most millionaires don't inherit their wealth. Many build it through smart financial decisions, hard work, and strategic investments. With bunq's Easy Investment feature, you too can start growing your wealth today. The best part is that it doesn't require any effort. You simply open an investments account in the bunq app and choose an investment strategy that best suits your goals. You can even set the app to automatically invest your spare change. Paid €4.20 for a sandwich? That's 80 cents added to your investment portfolio. Over time all those little investments really start to add up!

Myth 2: Millionaires Don't Work Hard

This is far from the truth. What a lot of millionaires do have in common however is that they love the work they do. Most millionaires work extremely hard, often juggling multiple income streams, but an important reason why they do this is that they have found their passion and dedicated their lives to perfecting it. They also understand the importance of managing their money wisely. With bunq's Bank Accounts and easy budgeting features, you can easily track and manage your various income sources. Not only does this help you reach your financial goals faster, it also frees up precious time you can spend on doing what it is that you love.

Myth 3: Millionaires Take Huge Risks

While some degree of risk is involved in wealth creation, most millionaires take calculated risks. They invest wisely and diversify their portfolios. bunq's savings account offers a safe and reliable way to grow your savings and benefit from our high interest rates while you explore other investment opportunities.

Myth 4: Millionaires Have High-Paying Jobs

Not necessarily. Many millionaires are entrepreneurs or have multiple income streams. It's not all about how much you earn, but how well you manage and grow your money. bunq can help you do just that with its wide range of financial management tools.

In conclusion, don't let myths keep you from your financial goals. With the right mindset, knowledge, and tools like bunq, you're well on your way to building your wealth. Remember, it's not about becoming a millionaire overnight, but about making smart financial decisions consistently.

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Get a free international credit card in less than 5 minutes. Add it to Apple/Google Pay and start making payments today.

Easy Savings icon
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Get a free Savings Account and start growing your money faster with 3.36%* interest. No minimum deposit is required!

Easy Bank icon
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Everything you expect from a mobile bank, and more. Open a bank account in just 5 minutes with your phone and ID.

Easy Bank Pro icon
Easy Bank Pro

€9.99/month

Enjoy full control over your money wherever you go, with true borderless banking, easy budgeting, powerful cards, and much more.

Easy Bank Pro XL icon
Easy Bank Pro XL

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Discover the full power of mobile banking, with worldwide Travel Insurance, priority support and more trees planted when using your card.

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Easy Card icon
Easy Card

Free

Get a free international credit card in less than 5 minutes. Add it to Apple/Google Pay and start making payments today.

Easy Savings icon
Easy Savings

Free

Get a free Savings Account and start growing your money faster with 3.36%* interest. No minimum deposit is required!

Easy Bank icon
Easy Bank

€3.99/month

Everything you expect from a mobile bank, and more. Open a bank account in just 5 minutes with your phone and ID.

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Easy Bank Pro

€9.99/month

Enjoy full control over your money wherever you go, with true borderless banking, easy budgeting, powerful cards, and much more.

Easy Bank Pro XL icon
Easy Bank Pro XL

€18.99/month

Discover the full power of mobile banking, with worldwide Travel Insurance, priority support and more trees planted when using your card.