Why Do You Want To Be A Millionaire ?

The Motley Fool recently published a poll asking: “Why do you want to be a millionaire?”. Over 10,000 people voted.

What to make of this poll?

The first thing which popped into my mind is that most choices are too specific. I believe this totally screwed the outcome of this poll.

• To make sure your kids kid will have everything you not have you need to be financially secure. So I understand why most people choose the second option as it comprise more opportunities.
• Do you know many who would recognize they would only be happy should they have more money? I don’t myself, they may say life would be easier with more money, but to say they are not happy because of it? Furthermore, if you are financially secure you can afford it.
• “So I can quit my job” is an easy one. It actually boils down to the same explanation as for the kids reason. If you are financially secure you can afford to quit your job. You should have a safety net worth 6 months at least ensuring that you have time to find a more rewarding job; Still, 12 percent is not a bad number. I’m actually quite surprised so many took this answer; maybe a spur of the moment while voting at work…
• I actually like the fact that people want to make a difference to the world. Yet they would only do it once they are a millionaire? Is changing the world linked to being a millionaire? I don’t think so. And I believe quite a few would agree with me. To some of those, money can even be the problem! Hopefully, we have CSR gaining popularity (think Acumen Fund)

In the end, the answer which stand out is as general as one can expect. It comprises a lot of things, and is as precise as a politician answering a question. It was destined to win. So what’s the point of this poll?