Please login or register. Did you miss your activation email? Home Help Search Login Register. Okay this is a very common question and majority of people would love to achieve this goal.. But I want to realistically know how I can become a millionaire or multimillionaire at a younger age perhaps 30 or I want to make all the right decisions.
I would appreciate not to hear comments telling me "money doesn't make you happy" or "you can't do it". I'm not doing attempting this to try to make me happy, I'm not that insecure. I simply want to be able to live financially free and not be in debt all my life.
I want to be able to pay cash with things without having to to worry if it's going to hurt my finances. I want to live in a nice car and have a nice car and be able to use my wealth to travel the world.
I also want to be able to give back to my family. My main reason to wanting to become wealthy is wanting to have the ability to travel whenever I want and experience many things with my friends and family I would not be able to do without money. I don't want to have to work all my life in a corporate job until I'm 60 or 65 to be able to retire and enjoy my money. I want to enjoy life earlier and live an exciting life. I'm ambitious and I listen to people like Dave Ramsey who talk about management of wealth.
I am currently 18 years old and starting my first year of college at a large public university. I am getting a bachelors' in accounting or finance, but most likely accounting, and from a pretty decent accounting school. I have a friend that works for a big 4 firm, and he has kinda guided me into going into that career path. So I was planning to work for a big 4 and save my salary and maybe invest in a business or a franchise like McDonalds after of work.
Maybe even get a high paying job in industry after a few years in a big 4. Also I am very entrepreneurial and I'm trying to learn more about business and also ways of making money through the internet. I love the show "Shark Tank", and it inspires me. But my true goal would be to be a millionaire as fast as possible maybe with an investment, real estate venture, a business or product, or franchises, or even online businesses. I rather be my OWN boss and not have to be working off a salary every year.
I want capital and ability to invest in other things. Honestly I would like to retire as early as possible so I can spend more time with my family and experiencing the world I haven't been able to see. Can someone give me some good advice?
I'm young and have time to prevent future mistakes by learning from other people. And I don't know where to precisely begin Would greatly appreciate some help. If you land a decent paying job and watch your spending closely for the first couple years, this shouldn't be a problem at all!
Have you read any of the MMM articles? Would be a good place to start Unclear if that amount would finance your "nice car, nice house, travel the world, give to my family" dreams July 23, , First off, I want to say welcome to the forum.
That is a huge first step, and seeing that you are researching this at such a young age puts you well ahead of where most of us were at that age. That being said, I think you will have a very hard time finding people on this forum telling you how to "get rich quick". When it comes to investing I have found the majority recommend the Boglehead forums as a place to take a look on how to invest in the market. The main thing advocated is index funds with low expense ratios. Start early and contribute often.
While this will not get you rich quick, compound interest will make you very wealthy if you start young and stay the course. If you are looking to be a millionaire at such a young age, I think one of the only ways to do that would be to start your own business.
It is important to recognize there is a lot of risk with that, but the payoff might be worth it to you. Best super bonuses on Credit cards right now - ask me how to Mfg spend to meet the sign up bonus 1.
Earn a lot of money, or get very lucky. If you are too desperate for the earning part, you're going to end up investing in really stupid shit and lose it all. I would need enough to start a company and or buy a franchise like McDonalds because that's a very secure investment.
I mean do you think you're smarter than the guy selling you the McDonalds that you're buying Still dont understand your attachment to McDonalds PS you better learn alot in accounting school you dont have a very good grasp of money now.
Easiest thing in the world. Of course selling your time to an employer and investing the money can also get you there, albeit slower. You can have everything in life you want, if you will just help other people get what they want. You're going to be a completely different person at And a completely different person at Don't make any goals like internet business or mcdonald's franchise.
These choices are based on your lack of knowledge and opportunity. Learn more before you make such a precise decision. No, you're not one of the few year-olds who can see so clearly what they love and what they're good at that you can make the right decision today.
Moreover, at 35 you're going to think year-old you was an idiot. Hell, I'm only five years removed and I think so about myself.
You don't want to be trapped by the choices an idiot made, do you? Dude, you will get there in no time with the housing cost savings. I'd suggest living in a crappy car instead, though. Pursue a career that pays reasonably well. Save a healthy percentage of what you earn. If you marry, marry wisely. For most people, a steady job will beat out pie-in-the-sky entrepreneurship. Enjoy your life and be patient.
Texan 5 O'Clock Shadow Posts: They get paid great and are always in demand. I would stick to index investing.
By picking and choosing individual company stocks you are literally playing a losers game. By indexing you put yourself in that average and can sit back and collect.
Wealth is challenging to obtain, it does not come easy or quick. Counting Down Stubble Posts: You need to read Joshua Kennon he writes on his own website and about. I really enjoy his writings as they are both inspirational and practical. It's exciting to have dreams about owning franchises or starting internet companies, but here are the problems. Just now, you don't have the skills, let alone the finances, to do either of those things. I mean it's great to have a dream to have an awesome idea, get some guy to write an app that implements it, then sit back and watch the dough roll in, but just how do you think you're going to do that?
Right now, I'd focus on learning as much as you can about pretty much everything , finding out what you're passionate about, and saving and working hard. There are opportunities everywhere, but the only way to take advantage of them is to have the skills, experience, and wisdom to do it. Personally, I'd focus on the ends that you want to spend your money on, not the idea of being a millionaire as an end to itself. Sure, it'll be a great achievement to see that extra comma in your financial summary, but if you're stressed to pieces in order to get there, what good is that?
In other words, focus on life, knowledge, and growth, and money will come. I like your ambition, however, one thing I noticed is that you're depending entirely on external circumstances to determine your level of autonomy which is what it sounds like you really want. I've been studying ancient religion and philosophy recently, and all of them, in some form or another, teaches that that truth "freedom" really comes from within.
The Stoics taught that if you can control your mind, you will be free. Buddhists taught that the "self" is not real, that you exist only in relation to other things, and for that reason, all is well. The Abrahamic religions taught that salvation lies in God, which, if interpreted as an allegory, is a colorful way of saying that truth meaning is discovered outside of worldly things.
Certainly pursue the financial independence, but if at the same time you can cultivate an autonomous mind, I think you'll be able to handle whatever circumstances life throws your way.
Cpa Cat Handlebar Stache Posts: Edeceo 5 O'Clock Shadow Posts: I'm only a few years older than you, so I know what you are thinking.
Having an ambition is great! You also know that the most important things in life are the ones that are free family, friends, and your health.More...