Comments on: How to Be a Millionaire

By: shuhrat

shuhrat — Thu, 19 Apr 2012 11:29:50 +0000

Chuck, do not retire. What you will do at home alone? Work until you die.

By: shuhrat

shuhrat — Thu, 19 Apr 2012 11:27:55 +0000

Chuck, what is the point of being a millionaire if you do not have the main beauties of life? No family no kids where you can come after work and enjoy. I do not envy you at all. Your life is nothing but work.

By: Russell

Russell — Tue, 17 Apr 2012 22:48:38 +0000

Dear King Saver.

First of all, I want to congratulate you on becoming debt free at 32. However, you have a long life ahead of you, and to sustain this seems implausible. The fact that you are thinking of where to put your money is great. Firstly, you must protect yourself. Eg.. have Critial illness Insurance or Disability Ins in place before you start to “invest”. Secondly, have an Insured Retirement Plan in place. This is a life insurance vehicle that has investments growing inside it tax free until the day you die. If done properly, it will never be taxed as well.

By: Foxy Forex

Foxy Forex — Wed, 04 Apr 2012 18:11:33 +0000

Your article is both funny, and true. The humorous ways you outlined in the beginning really will make you a millionaire, they are shortcuts, no doubt, but what’s wrong with that? No need to sneer at those who succeed the easy way!

By: Sidharth Sud

Sidharth Sud — Thu, 02 Feb 2012 16:42:57 +0000

By working for someone you can never become a millionaire.

By: Chris

Chris — Thu, 12 Jan 2012 16:28:14 +0000

I recently stopped contributing to my 401k. My company does not match it and my investment options were limited. Instead I now take what I was saving and put it in index funds and ETFs. Uncle Sam takes more now, but my returns will be bigger in the long run. Plus I have control over what I invest in. Non-matched 401ks are nothing more than a savings account at the mercy of someone else running it. Growth opportunities and disciplined saving doing it myself far outweigh any tax advantages of my 401k over the life my saving.

By: tommy

tommy — Wed, 14 Dec 2011 14:34:03 +0000

I am earning 4000 per month. Is there any possibilities of becoming a billionaire?

By: Andrew

Andrew — Thu, 17 Nov 2011 22:34:15 +0000

Lottery sounds fun, but unlikely. Slow and steady isn’t flashy, but wins the race.

By: sherzod n.

sherzod n. — Thu, 17 Nov 2011 04:32:32 +0000

Motivation is really important thing.
Self-motivate yourself is not easy. But staying motivated more difficult.
if you save $1 day, for 15 years with compound interest you make a million dollars. Some kind of myth or something.
But everything is possible.

By: King Saver

King Saver — Mon, 03 Oct 2011 02:17:21 +0000

I have a monthly net income of $1,794 and am 32 currently. I have worked to reduce my current debts and should be completely debt free by February 2012. It is my hope and intent to have significant savings, boosted via compound interest by the time I hit 50 which is in the next 18 years.

What do you suggest I do in terms of saving and investing, i.e., how much should I put up in liquid cash for emergency money and how much in investment money to go towards retirement? I welcome any sage advice on this as I want to do it right while I am young and able to do so.