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First thing you need to do, is determine how much income you want to be making. Are you happy with $1M net worth (in stocks and real estate) or do you want to
by clark-kent 16y ago
First thing you need to do, is determine how much income you want to be making. Are you happy with $1M net worth (in stocks and real estate) or do you want to make $1M USD annual income. I would rather have $100,000 monthly income than a $1M net worth on paper.
I am not a millionaire yet. I would like my annual income to exceed $1M. I don't care much about net worth.
Once you determine how much income you want to make, you can then decide how you are going to do it. Best way is a startup in a sizable market.
Just my thoughts.
- chc 16y agoThis got downvoted, but I think it's pretty insightful. If you're wiling to live in abject poverty, just work any six-figure job and you will be a millionaire in under a decade. If you want it in three years, make sure the job pays more than $300k.
- perpetuity 16y agoTrue but the chances are slim that one can obtain a position at this pay scale. We are talking about ~.5% or so of all earners? In the world!