Personally, I recommend the book The 4-Hour Work Week, which will help you call into question why we use the arbitrary $1,000,000 as a goal. He illustrates how having the financial freedom "live the dream" might involve a substantially smaller number, especially if you exploit currency differences (e.g., you can spend a month living richly in a cheap country for very little).
The risk is spending your whole life waiting to achieve that arbitrary number instead of living a adventurous, rewarding life right now. But I don't mean to rain on the parade -- there's all kind of great advice in this thread.
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