Comments on: How to Be a Millionaire

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.

By: Jovim

Jovim — Sat, 10 Sep 2011 15:26:57 +0000

How about, wasting time reading “How to Be a Millionaire” articles on the internet and just follow the basics you have learned already and stick to it .

Just do it. -Nike

My two cents… Start a side business while you’re still at your day job. Pay off all debts. Allocate your profits wisely – 30% Keep, 30% Growth (reinvest), 30% Dreams, 10% Play Money.

Keep your plan simple and stick to it. First years are grueling, 3rd year things start to materialize. Biggest problem I see with today’s generation is everyone is so damn impatient and a bunch of “on-demand” kids. Everyone wants to get rich, famous quick instead of putting in the work. They quit just when things are going to happen for them. #weak.

By: Bala Koh

Bala Koh — Wed, 07 Sep 2011 08:08:09 +0000

I still believe that the easiest way to become millionaire is to bet on the lottery.

By: Josh

Josh — Sat, 06 Aug 2011 17:45:32 +0000

Dude, with whom did you invest and got those returns?

By: Erill

Erill — Tue, 12 Jul 2011 08:02:06 +0000

For me the secret to become a millionaire is to work hard, look for better opportunity, save more and most especially don’t spend beyond on what you are earning.