Comments on: Are You a Millionaire in the Making?

By: Millionaire Acts

Millionaire Acts — Thu, 22 Oct 2009 02:18:27 +0000

think the ultimate way to become a millionaire is to EARN MORE and DESIRE LESS. Earning more increases your income i.e. (taking a second job, investing your money, buying assets that provide passive income, etc.) while desiring less lessens your spending (i.e. budgeting, frugality, etc.)

Make it a habit and definitely, you would become a millionaire someday

By: MyBarnabas : T.G.I.S.: In A Position To Serve Edition

MyBarnabas : T.G.I.S.: In A Position To Serve Edition — Sun, 01 Feb 2009 19:23:48 +0000

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Sat, 03 Jan 2009 00:29:38 +0000

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By: Ray

Ray — Sun, 12 Oct 2008 11:35:44 +0000

I always cringe when I hear people “it’s not how much you earn/make, it’s how much you (don’t) spend”.

Becoming a millionaire is as much about how much you save/invest as it is about how much you make/earn. Especially if HOW LONG it takes you to become a millionaire matters to you.

By: DR

DR — Sun, 12 Oct 2008 10:12:48 +0000

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By: Weekend Reading: September 28, 2008 | TheOnlyDevice.com

Weekend Reading: September 28, 2008 | TheOnlyDevice.com — Thu, 09 Oct 2008 17:38:00 +0000

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By: FBN Roundup- Living In Sin Edition : Tight Fisted Miser

FBN Roundup- Living In Sin Edition : Tight Fisted Miser — Sun, 05 Oct 2008 20:54:38 +0000

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By: fern

fern — Mon, 29 Sep 2008 14:54:55 +0000

You say, “If you contribute the maximum amount ($15,500) allowed to a 401(k) beginning when you are 20 and earn 9% on the money, your balance will grow to $1 million before you are 45.”

there’s a fairly important flaw in your thinking here. And that is (correct me if I’m wrong) that you can contribute 15% of your gross pay to your 401k, up to a maximum of $15,500, but you can’t contribute the maximum unless it represents 15% of your pay. To do that, you’d need to be grossing $100,000, hardly a common salary for a a 20-year-old.

So if, say, you make $70,000, you can only contribute 15%, which is $10,500. If you make $50,000, then 15% would be $7,500. you couldn’t contribute $15,500.

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Carnivals and linkage — Bumblefucked — Mon, 29 Sep 2008 00:09:51 +0000

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By: Money Saving Links: 9/26/08 | Online Savings Blog

Money Saving Links: 9/26/08 | Online Savings Blog — Fri, 26 Sep 2008 17:56:57 +0000

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