Hi,
What will do when you have $1 MILLION? How about $10 Million?
Inheritance/passive income is the most likely road to $1 Million. You/I need to be outstanding to innovate/sweat our way to 1 MIL.
I like Kirk Kerkorian's road to wealth:
In the autumn of 1939, Kerkorian was earning 45 cents an hour helping O'Flaherty install wall furnaces. Some days, Kerkorian would go with him to Alhambra Airport and watch him practice maneuvers in a Piper Cub. Originally disinterested, Kerkorian consented one day to go aloft with O'Flaherty.
As the plane rose, and the Southern California landscape became visible from the mountains to the ocean, Kerkorian experienced a defining moment.
"He was sold on it right then," O'Flaherty later recalled. "He had never been up in a plane before. But I'm telling you, after that first flight he went right at it. The very next day, he was back out at the field to take his first flying lesson."
With war clouds darkening Europe, he worried that he would be drafted into the infantry before he became a licensed pilot.
One day in 1940 Kerkorian showed up at the Happy Bottom Ranch in the Mojave Desert adjacent to Muroc Field, now Edwards Air Force Base. Owned by Florence "Pancho" Barnes, a pioneer female aviator, the ranch was a combination flight school and dairy farm.
"I haven't got any money," Kerkorian told Barnes. "I haven't got any education. I want to learn to fly. I don't know how I can do it. Can you help me?"
No college was needed, just the willingness to pull teats and shovel bovine backwash. Within six months, Kerkorian had a commercial pilot's license, and a job as a flight instructor.
But teaching bored him.
"I heard about the Royal Air Force flying out of Montreal, Canada, and I went up there and I got hired right away," he recalls. "They were paying money I couldn't believe, $1,000 a trip."
The mission of the RAF Air Transport Command was to fly Canadian-built Mosquito bombers from Labrador to Scotland. Only one in four made it.
In 2 1/2 years with the RAF, Kerkorian delivered 33 planes, logged thousands of hours, traveled to four continents and flew his first four-engine plane. He also saved most of his generous salary.
Kerkorian clearly recalls his first visit to Las Vegas in July 1945. His RAF service completed, he paid $5,000 for a single-engine Cessna in which to train pilots. "And I used that same plane to fly charters. That's what got me into the transportation end of the business."
In 1947, Kerkorian purchased a tiny charter line, Los Angeles Air Service. He later changed the name to Trans International Airlines, and offered the first jet service on a nonscheduled airline.
In 1965, Kerkorian took TIA public. Armenian-Americans knew of Kerkorian and bought his stock. It rose from a low of $9.75 to a high of $32.
"It brought the stock up to begin with, and then our earnings were great, too, and it kept going up until we sold to TransAmerica," says Kerkorian. In that 1968 deal, Kerkorian received about $85 million worth of stock in the TransAmerica conglomerate, making him its biggest shareholder.
Kirk Kerkorian - Wikipedia, the free encyclopedia