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Originally Posted by Betrade  I believe that getting rich quick is the ONLY way to get rich and be young enough to enjoy it.
If you earn 100 grand a year, it will take 10 years to earn a million (and most earn less, so 50 grand will take 20 years, and a million isn't what it used to be by a long shot), but most of that will most likely be spent along the way, especially when you have a family.
You can get rich slow through investing and retire rich, and then spend the money on nursing homes and medical bills because you're too old to do what you used to do.
The wealthiest people I know were all wealthy before they were 35, and I'm talking about millionaires and multimillionaires; one in particular.
So, don't ever throw away the idea of getting rich quick. It's really the only way, and quick doesn't mean instantly. 5 or 10 years is relatively quick to be debt free with enough positive cash flow to live on. |
Absolutely. Think about Steve. Within a few years he built a $400k/year income. That's "Get Rich Quick"
2-5 years is totally doable. Anytime I've made money it's been pretty fast. I think the whole "become a millionaire" while making $30k/year and saving every penny you make by being super cheap is such a crappy ass, slow way to build wealth and I don't know anyone who it's actually worked for.