Advice on becoming a Millionaire

servantofone

servantofone

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Anyone have any advice on becoming a Millionaire?
 
Between those two, I'm well on my way... :pinose:
 
I'm "working on it". I bought a lottery ticket.
 
The question is, has anybody followed their own advice?
 
Why shoot so low? A million won't buy squat these days......you need to shoot for multi-millionaire or better yet, billionaire.

The advice? Live well under your means and you'd be surprised how quickly you can accumulate wealth. Also be grateful not only for the things you have but the things you don't. :wink:
 
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Ok - quit your belly aching...the next time one of my long lost uncles dies in a plane crash in Nigeria, I'll let you contact the prince to get the money out of the Central Bank and I'll let you keep half.
 
I've heard cat breeding is lucrative.
 
precocious said:
Why shoot so low? A million won't buy squat these days......you need to shoot for multi-millionaire or better yet, billionaire.

The advice? Live well under your means and you'd be surprised how quickly you can accumulate wealth. Also be grateful not only for the things you have but the things you don't. :wink:
Click to expand...

It is true. To live like we imagine millionaires living, I've heard you need 5 million. I don't want to slowly accumulate wealth though. A million dollars will be worth far less by the time I retire.

I've decided that what I really want isn't the money. It's the freedom of having the money so I could live where I wanted and spend more time with the people I care about. As a result, I'm setting my goal at quitting my desk job in 2 years and having a completely mobile online business so I can live overseas for 6 months at a time.

Ready, set, go...
 
spazntwitch said:
The question is, has anybody followed their own advice?
Click to expand...

Sort of - the ticket I bought wasn't a winner but I'm forever the optimist (and gambler). Hummmm, :thinking: now that I think of it I've never seen "gambler" on a list of traits of millionaires or billionaires.
 
I think my idea came to me last night... it's brilliant, seems untapped (from the little reasearch I've done), has a huge customer base, would be easy to advertise, and could potentially provide a steady stream of income if I execute it correctly. And no, I won't share my idea...

Anyone know of an affordable way online businesses can do recurring credit card or debit card charges without using paypal?
 
spazntwitch said:
Square can do recurring transactions. See their section 1L.

https://squareup.com/legal/cea
Click to expand...

Thanks Spaz! Do you know if I can manage that systemically? I want something I can automate. This seems good:

Low-Cost ACH and Merchant Account Processing: Set Up Your Small Business Today!

But not sure if it's the cheapest available. Maybe initially I will do it manually with Square (if there isn't a better way), until I build up a customer base large enough to warrant the costs of having an integrated system.
 
servantofone said:
I think my idea came to me last night... it's brilliant, seems untapped (from the little reasearch I've done), has a huge customer base, would be easy to advertise, and could potentially provide a steady stream of income if I execute it correctly. And no, I won't share my idea...
Click to expand...

Hey! No fair. You started the thread, asked the question and I told you MY idea. Commm'on!
 
My simple plan is to wait on Servant to become a millionaire :drool5: and then write a book on his success story.
 
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