Im only fairly young, and I agree, when you are young, take risks. When you are 55, you cant afford to take as many risks, as you have less time to recover from them.
Im focusing mainly on companies that have taken hard falls in the past and have been oversold for years. The strategy has me ahead so far, there have been some big losses, but there have been some big wins too.
At the end of the day, I expect that I'll have a healthy pocket full of insolvencies and real winners. The trick is picking the winners
Originally posted by talkgold@Dec 10 2004, 10:50 PM I am all for saving young and retiring early. The younger you are the riskier you can be with your investments.
Originally posted by me222@Dec 11 2004, 09:32 AM Eagle9,
I don't want to go off topic, but allow me this question: Do you honestly believe that YMMSS can last forever? Is there a good chance they will still be around in let's say 5 years from now?
I haven't joined (yet) and I'm afraid it's too late for newcomers.
Hi Fred
I cant guarantee that the YMMSS program will be here in 5 years this goes for any other program and neither can anyone else.
I only know that the man in question Kim Inman is reachable and he will talk to you and explain the program in detail to you.
Which is more than you get from most others and I have trust in him which is something I dont say lightly.
But also all you need to do is spend $any amount of $320 EPC's and you wait three months maximum to get your capital back.
After this the strategy is your choice alone and you are the decider of your own destiny.
I cant guarantee that the YMMSS program will be here in 5 years this goes for any other program and neither can anyone else.
I with you eagle, we cant say YMMSS will be here for sure, but if I had to pick five programs that would be here in 5 years, YMMSS would be one of them.
Going back on topic, no matter how much we may like or dislike each other, we share this very passion: making money. Hence a a question to all those different characters:
What are your ways to achieve financial freedom (+/- millionaire) and how long do you estimate it will take?
I think the main thing you need to do is save. Don't blow your money on stupid things but instead simply invest it. Let your money work for you. Start out small, and gradually accummilate more assets, cash, investments. Over time anyone can become a millionaire if they are smart, and have a sense of saving.
Re: How to Become a Millionaire
Hybrid Mode
