Have you read this thread through? Then you have a pretty good idea.
Are you working? If not, get a job or start a company or join an existing business as a franchisee. If you are going to be a millionaire, you've got to start with some sort of income.
Sales is a wonderful tool that will help you the rest of your life. Instead of working on straight commission (do or die), hook up with an experienced salesperson who will train you. Even if you have to intern for free. Sales is sales, yet it is more interesting to sell something that you enjoy. And you tend to be better when you believe in the item.
Sales will also improve your people skills.
Get a good grasp of investing. Realize that HYIPs are gambling games, and real investing has much smaller returns. The importance of investing is passive income. Your money works for you, regardless of what you are doing.
Live below your income. Keep your bills paid. Get a credit card, and use it wisely. Replace it as soon as you can with a lower rate credit card. Use it, and keep it paid off. You are building a credit rating here, which is an invaluable tool for your future.
Think big. Decide what you want. Plan towards that goal. Revise as necessary. Don't obsess about it.
To fail to plan, is a plan to fail.
That's a big work order. Take it one step at a time. Choose your alliances carefully. When you are learning something new, ask yourself, "to whom am I listening." Align yourself with the best resources you can.
Continue to learn. If you think education is expensive, try ignorance (B. Franklin, I think).
And never be afraid to ask questions, to ask for help.
Realize now how short life is. Strive to be pleasant. You'll be happier, and so will those around you. No matter how intelligent you are, how right you are, don't waste your time on silly arguements. No one is perfect, and you have to let go and allow them to be wrong and learn from their mistakes. Remember, someone did the same for you. It is through our failings that we learn.
I hope this helps. I work with a lot of young people. It's great, because you have such great potential.
ML
Thank you for the interesting reply. I am currently not working but looking to get a job again soon. I generally save most of my money and have worked some in sales before. Right now I am interested in learning about investing and am trying to do that. Thanks again for the advice!
Justin
Have you read this thread through? Then you have a pretty good idea.
Are you working? If not, get a job or start a company or join an existing business as a franchisee. If you are going to be a millionaire, you've got to start with some sort of income.
Sales is a wonderful tool that will help you the rest of your life. Instead of working on straight commission (do or die), hook up with an experienced salesperson who will train you. Even if you have to intern for free. Sales is sales, yet it is more interesting to sell something that you enjoy. And you tend to be better when you believe in the item.
Sales will also improve your people skills.
Get a good grasp of investing. Realize that HYIPs are gambling games, and real investing has much smaller returns. The importance of investing is passive income. Your money works for you, regardless of what you are doing.
Live below your income. Keep your bills paid. Get a credit card, and use it wisely. Replace it as soon as you can with a lower rate credit card. Use it, and keep it paid off. You are building a credit rating here, which is an invaluable tool for your future.
Think big. Decide what you want. Plan towards that goal. Revise as necessary. Don't obsess about it.
To fail to plan, is a plan to fail.
That's a big work order. Take it one step at a time. Choose your alliances carefully. When you are learning something new, ask yourself, "to whom am I listening." Align yourself with the best resources you can.
Continue to learn. If you think education is expensive, try ignorance (B. Franklin, I think).
And never be afraid to ask questions, to ask for help.
Realize now how short life is. Strive to be pleasant. You'll be happier, and so will those around you. No matter how intelligent you are, how right you are, don't waste your time on silly arguements. No one is perfect, and you have to let go and allow them to be wrong and learn from their mistakes. Remember, someone did the same for you. It is through our failings that we learn.
I hope this helps. I work with a lot of young people. It's great, because you have such great potential.
If he retired at 48, 52 could be this year or next.
Or maybe a tad jealous?
Whereas the majority of TG readers are young, there is a strong contingent of the older & wiser set. They mostly read and don't post. I know because I am one and I get emails from them all the time.
You don't have to have "arrived" to share the lessons you've already learned.
You need to plan. You need to track your progress.
Quote:
Originally Posted by I_con_you
Come back when you are 52, proving that your ideas are sound.
When did you retire?
I am aware of people working until they die, basically living from paycheck to paycheck.
Studies indicate that most people accumulate very little over their lives.
Literature for insurance (Not a good investment) stress this.
Retiring at 48 I already have proven that I can plan and meet goals.
What have you done?
I noted you do not provide any personal info in your profile. That confuses me. Why would an honest person not want to share any info?
Motherlode's post had good generic information for anyone looking to increase their net worth.
You need to plan. You need to track your progress.
... When did you retire?
I am aware of people working until they die, basically living from paycheck to paycheck.
Studies indicate that most people accumulate very little over their lives.
Literature for insurance (Not a good investment) stress this.
Retiring at 48 I already have proven that I can plan and meet goals. What have you done?
I noted you do not provide any personal info in your profile. That confuses me. Why would an honest person not want to share any info?
...
1-You have checked my 'profile', that's good, but have you read the 'tone' of my posts?
2-You ask: When did I retire, what have I done,...
And your tactical remark with a malicious HINT:
"I noted you do not provide any personal info in your profile. That confuses me. Why would an honest person not want to share any info?"
That was a good try: to label anyone who tries to question your purposes as being dishonest. You know some scoundrel tricks!
3-You know pretty well that I don't need to give or share any personal info nor the need to show honesty because simply I am not advertising/telling/luring people into any wealth building 'scheme'.
4-On the other hand,
You are telling US that you are an expert and you are 'harvesting' US into your 'plan'.
imho, and based only on point 2-, you are not to be trusted with 'our' hard earned cash!
It`s funny how many young people there is around who seems to think there`s some secret way to become rich based on a stake that consists mainly of the last two weeks allowences.. I have worked a few years, and saved up roughly 18k $. And even that is hardly enough to get me off the floor doing general investments..
Re: How to Become a Millionaire
Hybrid Mode
