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Who are our future millionaires ?
 

Hello everyone, haven't been on this forum in a while and was wonder who our future millionaires are. Please give a small description of how you are determined to be in the top 1%

Re: Who are our future millionaires ?
 

Perhaps I will get there...But right now, I am happy to have a somewhat stable (I use the term VERY loosely...) income.

I do this a few hours a day and I am sure that when I am ready to grow, I will make a few hundred K a year.

From where I came from, and where I am now, I am VERY content with that.

Re: Who are our future millionaires ?
 

Top 1%?
How do you measure millionaire? Net Worth? Annual income? Accumulated wealth?

I ask because a million dollars does not get you much these days. Most of the people I know that hit the low end on the 1% measurement by the IRS standard live a luxurious stressed out middle-class style.

Re: Who are our future millionaires ?
 

You won't find the top 1% here that's for sure, but we can make a nice leaving with hard work

The top 1% are making money from money and not from hard work

Re: Who are our future millionaires ?
 

Nope, you tell us what you are doing first.

tell us your plans.

fair is fair.

:deadhorse:

Re: Who are our future millionaires ?
 

$1 million dollars isn't going to be worth so much in the future. Being a millionaire isn't as exclusive as it once was. You'll probably need at least that much to retire.

Re: Who are our future millionaires ?
 

A million cannot get anything anymore that is why a millionaire is definetly not the top 1% that would be the wealthy people that are billion airs that just make multimillionaire everyday in selling a stock that went up .50 because they own millions , and make millions just on interest

That is true wealth and the way to truly earn real money and this can only be done with a great amount of wealth

Money just creates more money

Re: Who are our future millionaires ?
 

Dont know about millionaire achievement but I am eyeing your guest room to move into...or at least your garage :d...please /hope

Re: Who are our future millionaires ?
 

So you want to go live with the OP's parents too, rsot?


Going to take the hamster?

:pound:

Re: Who are our future millionaires ?
 

..I like hamsters:

http://cdn.abowman.com/widgets/hamster/hamster.swf

:lol:

Re: Who are our future millionaires ?
 

I am sure there is several millionaires on this forum. A million dollars is not a lot of money these days.

Re: Who are our future millionaires ?
 

I would disagree.
The wealthiest people I know work exceedingly hard, but they work on business and investments, not in them.

Re: Who are our future millionaires ?
 

I like hamsters too, they taste good with some ranch sauce.

Re: Who are our future millionaires ?
 

Yea that is true for millionaires but a million dollars is nothing today, the top 1% are not working hard they are wealthy! meaning they have hundreds of millions or billions , and they don't need to work hard if you have the top 1% wealth

The people we would know are not in that category, I don't think no one here has to much in common with Warren Buffett or Bill Gates

Re: Who are our future millionaires ?
 

I agree, do not wish that on myself but I will go through that process for a period of time.

Re: Who are our future millionaires ?
 

Well there is a large majority that got there with hard work and are taking it easy now.

Re: Who are our future millionaires ?
 

Yes as time goes by inflation takes a large toll.

Re: Who are our future millionaires ?
 

Seems fair, what I'm doing at this point is ebay and amazon. I have one of each account nothing else and its doing pretty well.

I don't see myself doing this 3 years from now as it is very stressful and takes a ton of work. At the moment I'm studying how to be a full day time trader. I'm not investing real money at the moment but I think 2 years from now is enough time for me to have the backbone of knowledge with a large account.

My ultimate goal is to own a few apartment complex. My family currently owns about 20 units and its easy and ok money.

I want enough units to have an agency take over and deal with everything! When I say everything i mean everything to where I do absolutely nothing and have at least 100k deposited into my bank account each month.

This plan has a lot more detail to it but i tried breaking it down as much as possible. I also do have plan A-Z as nothing ever goes as planned. I mean I was suppose to be in medical university right now as I am a drop out and doing way better off. Not a lot of people in this world can say I dropped out from a university and make more money than my former classmates that want to become plastic surgeon, by the time there done with school they will be working for someone like me.

Re: Who are our future millionaires ?
 

I want to make more than that a year.

Re: Who are our future millionaires ?
 

What you said is somewhat true.... But with 1 million you are definitely wrong, it will get you plenty if you know how to use it. I started off with a 500$ credit card, within a year I made 30k profit. Thats 600% now with a million i know for a fact I can at least get 100% in a year and guess what?

1M(one year)2M

2(one year)4

4(one year)8

8(one year)16

16(one year)32

Your limits are what you set for yourself my friend.


As for stocks it does sound like you know very little about it....

Re: Who are our future millionaires ?
 

My father passed away recently, god rest his soul. Its just me my brother and mom.

Re: Who are our future millionaires ?
 

Just let him/her think he/she knows about stocks. I worked at a investment bank for some years and most people who worked there didn't know what went on, on the trading "floor".