Comments on: Are You a Millionaire in the Making? http://www.doughroller.net/money-management/how-become-millionaire/ Money Management and Personal Finance | The Dough Roller Sun, 12 Feb 2012 23:24:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: College Student http://www.doughroller.net/money-management/how-become-millionaire/comment-page-1/#comment-32639 College Student Sun, 08 May 2011 19:15:04 +0000 http://www.doughroller.net/?p=1074#comment-32639 Earn side income~ Easier money. I earn money the old fashion way by staying at home and doing random surfing and it doesn't hurt at all.I must say that when I first went to the Swagbucks website, I was a little confused and somewhat skeptical. It mentioned things like being a “premier rewards site” and a leading online search engine. But if they were a search engine, then how does one generate the rewards from? And why have I never heard of them? Well, it turns out that Swagbucks is indeed pretty legit. It’s amazingly simple. You just sign up and you can either go to their website each time you want to gain points for surfing the web, or you can just download the Swagbucks toolbar and do your searches from there. Then each time you do a search using the Swagbucks search engine, you gain Swag Bucks which are good towards a wide variety of prizes, including everything from GPS systems to memorabilia to gift cards to actual cash via PayPal. During the writing of this review, I installed the Swagbucks toolbar on my computer at home. At the completion of this review, I had already gained 410 Swag Bucks! Now, I’ve only got 40 to go before I can get a $5 Amazon gift card! Use this referal link to get a bonus of swagbucks for signing up! http://www.swagbucks.com/refer/tannguyen1 Earn side income~
Easier money.

I earn money the old fashion way by staying at home and doing random surfing and it doesn’t hurt at all.I must say that when I first went to the Swagbucks website, I was a little confused and somewhat skeptical. It mentioned things like being a “premier rewards site” and a leading online search engine. But if they were a search engine, then how does one generate the rewards from? And why have I never heard of them? Well, it turns out that Swagbucks is indeed pretty legit.

It’s amazingly simple. You just sign up and you can either go to their website each time you want to gain points for surfing the web, or you can just download the Swagbucks toolbar and do your searches from there.

Then each time you do a search using the Swagbucks search engine, you gain Swag Bucks which are good towards a wide variety of prizes, including everything from GPS systems to memorabilia to gift cards to actual cash via PayPal.

During the writing of this review, I installed the Swagbucks toolbar on my computer at home. At the completion of this review, I had already gained 410 Swag Bucks! Now, I’ve only got 40 to go before I can get a $5 Amazon gift card!

Use this referal link to get a bonus of swagbucks for signing up!
http://www.swagbucks.com/refer/tannguyen1

]]> By: Millionaire Acts http://www.doughroller.net/money-management/how-become-millionaire/comment-page-1/#comment-15441 Millionaire Acts Thu, 22 Oct 2009 02:18:27 +0000 http://www.doughroller.net/?p=1074#comment-15441 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 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: Ray http://www.doughroller.net/money-management/how-become-millionaire/comment-page-1/#comment-9526 Ray Sun, 12 Oct 2008 11:35:44 +0000 http://www.doughroller.net/?p=1074#comment-9526 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. 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 http://www.doughroller.net/money-management/how-become-millionaire/comment-page-1/#comment-9522 DR Sun, 12 Oct 2008 10:12:48 +0000 http://www.doughroller.net/?p=1074#comment-9522 This article was featured in the 171st edition of the carnival of personal finance, which you can check out here: http://www.soundmoneymatters.com/carnival-personal-finance/ This article was featured in the 171st edition of the carnival of personal finance, which you can check out here: http://www.soundmoneymatters.com/carnival-personal-finance/

]]> By: fern http://www.doughroller.net/money-management/how-become-millionaire/comment-page-1/#comment-9413 fern Mon, 29 Sep 2008 14:54:55 +0000 http://www.doughroller.net/?p=1074#comment-9413 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. 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.

]]> By: hank http://www.doughroller.net/money-management/how-become-millionaire/comment-page-1/#comment-9392 hank Thu, 25 Sep 2008 23:55:33 +0000 http://www.doughroller.net/?p=1074#comment-9392 The mentality of " I don't have enough to start investing and am tapped out" is just that, a mentality. Even if you're donating a few bucks a week/month, it is about a habit. Getting into it will really help you out. If you don't have the money, you won't spend the money is a good mentality to have. Deposit into your 401k each month via direct deposit right off your check if you can, you won't miss it if you don't see it. :) The mentality of ” I don’t have enough to start investing and am tapped out” is just that, a mentality. Even if you’re donating a few bucks a week/month, it is about a habit. Getting into it will really help you out. If you don’t have the money, you won’t spend the money is a good mentality to have. Deposit into your 401k each month via direct deposit right off your check if you can, you won’t miss it if you don’t see it. :)

]]> By: Jake http://www.doughroller.net/money-management/how-become-millionaire/comment-page-1/#comment-9352 Jake Sun, 21 Sep 2008 21:22:06 +0000 http://www.doughroller.net/?p=1074#comment-9352 Good post DR. It's definitely not as hard as it used to be. Good post DR. It’s definitely not as hard as it used to be.

]]> By: jeflin http://www.doughroller.net/money-management/how-become-millionaire/comment-page-1/#comment-9341 jeflin Sat, 20 Sep 2008 12:38:13 +0000 http://www.doughroller.net/?p=1074#comment-9341 “Its not what you earn, its what you spend.

I like your last point. Indeed, the first step to financial freedom is to save money. If you consistently spend more than you earn, you are forever in debts, not to mention making the first million dollars.

Only when you manage your own finances well, can you be a good investor. If your own balance sheet don’t tally, how can you judge other companies whether they are good or bad?

http://jeflin.net

]]> By: Mo Money http://www.doughroller.net/money-management/how-become-millionaire/comment-page-1/#comment-9334 Mo Money Fri, 19 Sep 2008 14:44:47 +0000 http://www.doughroller.net/?p=1074#comment-9334 Very good post. You must be disciplined in order to save money. Then all you need is time and compound growth just like Patrick said. Very good post. You must be disciplined in order to save money. Then all you need is time and compound growth just like Patrick said.

]]> By: Patrick http://www.doughroller.net/money-management/how-become-millionaire/comment-page-1/#comment-9333 Patrick Fri, 19 Sep 2008 13:44:31 +0000 http://www.doughroller.net/?p=1074#comment-9333 Great tips. I agree that the process for becoming a millionaire is not very difficult when one takes the time to step back and look at it in a methodical manner. Spend less than you earn, save and invest the difference, and repeat the process. The biggest factor after that is adding time and compound growth. Great tips. I agree that the process for becoming a millionaire is not very difficult when one takes the time to step back and look at it in a methodical manner. Spend less than you earn, save and invest the difference, and repeat the process. The biggest factor after that is adding time and compound growth.

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