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Old 03-27-2007, 12:55 AM   #72 (permalink)
RT Wolf
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^ Human beings seem to be overestimate our abilities constantly. And that's healthy people. That doesn't disqualify hte idea of ending up a millionaire.

You're right, few people end up with a net worth of a million. If I recall the stats from The Millionaire Next Door right (and I think that's an eight year old book) then at least 3.5 million americans have a networth of a million dollars or more. That's a tiny part of the overall population, but that's still substantial.

You can end up a millionaire surprisingly easily, provided you start early enough. Compound interest really does do wonders in the long-term, which is something you understand, because I just read your other post. Which is just one method of becoming a millionaire.

To start off with, sure, 100,000 dollars would be more realistic, but, there is a certain allure to a million dollars. While a million dollars isn't as much as it used to be 50-100 years ago, it still holds that strange sense of accomplishment or mystery from that time. Why not aim high? If you're going towards a million dollars, you'll have to hit 100,000 dollars somewhere along the way.
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