Are You A Midwest Millionaire™?
Are You A Midwest Millionaire™?
When you picture a millionaire, what comes to mind? You might envision someone wearing designer clothes, driving a luxury car, or living in a large mansion. However, Midwest Millionaires™ are different. These humble, hardworking folks often do not even know they are millionaires. Instead, they focus on providing for their families, saving diligently, and typically drive a reliable pickup or another fully paid off vehicle. For a Midwest Millionaire, the primary motivation for work is not making money, but the satisfaction that comes from a job well done.
The Midwest Millionaire Mindset
Just as your zip code does not define your values, you do not need to live in one of the twelve states that the U.S. Census Bureau defines geographically as the Midwest to qualify as a Midwest Millionaire. If you have a humble attitude and a commitment to long-term financial discipline, you might be a Midwest Millionaire. Research has shown that through consistent, methodical wealth-building practices that prioritize long-term security over short-term gratification, anyone can become a Midwest Millionaire.
Midwest Millionaires are the neighbors who shovel your driveway without being asked, the business owners who know their employees' children by name, and the community members who contribute generously without seeking recognition.
You might be a Midwest Millionaire if you identify with any of the following attributes:
- Disciplined Financial Habits: You avoid lifestyle creep, which is the tendency to overspend as your income increases.
- Humble Demeanor: You prefer not to boast about your wealth.
- Work Hard and Balance Life: You appreciate the financial resources that you earned through diligent hard work. You also prioritize relationships with family and friends, allowing you to enjoy the journey.
Disciplined Financial Habits
You might be a Midwest Millionaire if you embody two financial habits that have proven successful: living within your means and being a diligent saver. Midwest Millionaires understand the principle that true wealth isn't about what you earn, but what you keep. This disciplined approach means driving reliable vehicles for a decade or more, researching major purchases, and viewing debt as a strategic tool to be used carefully. They consistently save through contributions to retirement accounts, maintain a well-funded emergency account, and automate their wealth-building process by treating long-term savings as a non-negotiable expense.
Humble Demeanor
Midwest Millionaires are unconcerned with keeping up appearances or competing with the Joneses. Unlike coastal millionaires who might feel pressured to display their success through buying expensive cars with debt, concern about wearing high-fashion labels, enrolling their children in overpriced schools, or maintaining rarely used exclusive club memberships, Midwest Millionaires find these displays wasteful and unnecessary. Freedom from social pressure allows them to allocate resources toward what truly matters: family experiences, charitable giving, and building sustainable wealth that can support multiple generations.
Work Hard and Balance Life
The Midwest Millionaire's relationship with work differs dramatically from the coastal millionaire who spends more time in traffic than with their children. You might be a Midwest Millionaire if you prioritize family time and friendships over endless work hours, understanding that wealth without relationships is hollow success. You may find yourself coaching your children's sports teams, volunteering, attending school events, and creating memories that cannot be bought with money.
How To Become A Midwest Millionaire
The beauty of the Midwest Millionaire model is that anyone can adopt these principles. Midwest Millionaires are not waiting around for an inheritance or taking on high risk through gambling on day trading, or unsustainable ventures. Midwest Millionaires are made through consistent, disciplined choices that accumulate over time. These choices create a foundation for substantial wealth that can last for generations.
If you are ready to embrace the Midwest Millionaire mindset, start by examining your current financial habits. Do you direct a portion of your income towards long-term goals? Do you increase your savings rate when you get a raise? Are you invested in a diversified portfolio? If you are unsure if you are a Midwest Millionaire or if you are on track to get there, contact the fiduciary financial advisors at the Hurlow Wealth Management Group. For over two decades, the advisors at Hurlow Wealth Management Group have helped Midwest Millionaires (in 28 states) find clarity, make decisions with confidence, and achieve comfort in retirement. Call 812-333-4726 or click here to schedule your complimentary introductory call with an advisor today.