Making a million is not entirely impossible. In fact, every single one of us are millionaires in our lifetime. That is, if we save every single cent of our salary for the next 40 years (average of $2.5K a month). Needless to say, that is not possible.
And annie is right, it does take a couple of millions to retire comfortably, and still being able to sustain the current lifestyle.
Most millionaires, especially self-made ones, are more careful with how they spend their money. They lead normal lives, without driving fancy cars and dining at luxurious places. They are frugal. People like these will multiply their wealth, and not lose their millions.
I believed I have digressed. Anyway, my goal is to make my first million in 2 years, before 27. |