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The problem with millennials rests between their ears.

#22
(This post was last modified: 06-13-2018, 06:02 PM by pirkster.)

Becoming a millionaire isn't as hard as it sounds these days. A millionaire being, someone with a million dollars net worth (not a million dollar annual income.)

There a few rules that you must not break, but some refuse to follow anyway.

1. Save money. Have a budget that includes savings and stick to it.
2. Pay cash for everything besides a home loan. Never borrow money except for your home.
3. Don't buy a home unless you have 20% down.
4. Work both sides of the equation. Get another job if you need to raise your income.
5. Don't be stupid and ignore rules 1-4. People of all incomes have become millionaires following this plan. Close to 90% of today's millionaires did it themselves - they did NOT inherit it.

Another reason for optimism with Millenials being in the million dollar club and retiring early... is the ease of making money online.

Pro gamers, youtubers, online sellers, etc... the internet has made kids millionaires overnight.

It's not a stretch to think that anyone could become the next thing.

I'm sure that's what folks like Hogg thought would happen. Why wouldn't he? It's a different world now and a lot of folks are getting famous, rich, or both extremely quickly.
"You do your own thing in your own time. You should be proud."
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RE: The problem with millennials rests between their ears. - by pirkster - 06-13-2018, 05:57 PM



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