First, let me remind you of my objective - Being a millionaire at 30.
Evaluating all my asset, I have bought a few stocks 2 years ago, and the crisis struck. Should I also tell you that I borrowed that money?
Left with only 60% of that, a smile is still on my face.
As well I invested some money in some ventures, and also some companies I founded. No return yet, and some were epic fails. However a smile is still on my face. -well it’s close to a grin though-.
Happily I get my payroll from Airbus every month and I get paid for a great job. I also get to travel sometimes…
But nothing that gets me to become a millionaire before 30, or so it seems.
I am currently 27 – so what methods are left?
The Latte factor.
David Bach made that method famous. If you spend $5 per day on a cafe latte, you’re enjoying every day. But if you invest it on a fund with a 10% return, guess what… You’re a millionaire by the time you retire.
That’s the easiest way to become a millionaire, so it seems. However, the payoff seems to be available only in the long run.
Don’t count on it. Not gutsy enough to borrow 100 000 dollars go to vegas and put it all on “black”.
Marry it, inherit it.
I’ll also discard those methods. I don’t think any of those would be classy ways to get to be a millionaire. I want to have something to show for it.
Trade hours for dollars, trade ideas for millions.
That’s one hell of a method. You get an idea, then you license it to big companies, and wait at home for the royalties to come in. I like this method… but getting the idea is difficult, and achieving real dollar returns is uncredibly hard – at least, the first time.
Millionaire at 30, is not a simple money achievement.
It is a quest for freedom.