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Whats you plan on becoming a millionare

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Some nice fellow named Dr. Clement Okon from Nigeria promised me millions in a 100% safe transaction, but it's strictly confidental.
 
all goes well, will be making 6 figures in ~ 5 yrs. then just save. should have a million by the time im 40. plan to avoid women and children at all costs.
 
Im not sure if ill make a million but i currently have plans to go in with my dad on a resturant a few years after college, he will spot me some of the money and ill run it. If that goes well i plan to open an offroad shop with a buddy of mine and then possible a few more resturants.

This is still at least a few years in the future.
 
401K + Roth IRA (Yearly contributions since I was 21), and company profit sharing. Don't touch until I retire, and I should be just fine.
 
i will be a multimillionare when i retire just through 401K

i am planning on law school though and hopefully will hit that a lot sooner
 
A Million bucks is not a lot of money. If I stay in my current job for 20 years, I will have been paid a million bucks. It's a lot for a day, a week, maybe even a year, but when you spread it out over a lifetime, a million aint sh!t.
 
I started a company about a year ago, so provided that it survives I will reach that goal at some point. My main concern right now is growth and diversification, but in a few years I should have enough disposable income to make further investments outside of my company as well.
 
Millionaire Next Door book indicates most millionaires are self-employed. Which means you give up free hours (non-typical business hours usually) for the sake of money. To that I ask... what's the point ?

Some people like to bust their @$$ so they can retire early. But what are you really going to enjoy at ~45 years old ? I'd rather enjoy a "normal" life through my good years.

I have a plan to start my own business but the business hours will be from 4pm-11pm. I just got married and that wouldn't be good for our future kids either.
 
Originally posted by: rh71
Millionaire Next Door book indicates most millionaires are self-employed. Which means you give up free hours (non-typical business hours usually) for the sake of money. To that I ask... what's the point ?

Some people like to bust their @$$ so they can retire early. But what are you really going to enjoy at ~45 years old ? I'd rather enjoy a "normal" life through my good years.

I have a plan to start my own business but the business hours will be from 4pm-11pm. I just got married and that wouldn't be good for our future kids either.

You really think that a 25 year old working a 40 hour week making $50K can enjoy life more that a 45 year old with a retirement income of $200K?
 
Originally posted by: Mwilding
Originally posted by: rh71
Millionaire Next Door book indicates most millionaires are self-employed. Which means you give up free hours (non-typical business hours usually) for the sake of money. To that I ask... what's the point ?

Some people like to bust their @$$ so they can retire early. But what are you really going to enjoy at ~45 years old ? I'd rather enjoy a "normal" life through my good years.

I have a plan to start my own business but the business hours will be from 4pm-11pm. I just got married and that wouldn't be good for our future kids either.

You really think that a 25 year old working a 40 hour week making $50K can enjoy life more that a 45 year old with a retirement income of $200K?
20 years buddy... 20 years of fun while the business owner busts his ass all those years. My memory doesn't even span 20 years - that's a LONG time. I don't care if the then 45-year old has 2 yachts and owns an island. He can enjoy that with his 45-year old woman too. Not my thing. Besides, who's to say 2 younger people combining for $100-$150k per year can't enjoy something similar ?

Don't get me wrong (like the people in the last thread about this did). I have investments and savings. But I sure as hell am not going to kill myself during my good years ONLY to enjoy my graying hair days.

I see plenty of gray-hair dudes driving around in Porsches and Vipers. It only brings one thing to mind... I honestly don't envy them.
 
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