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Old 04-07-2007, 06:47 AM   #47 (permalink)
Eggzachery
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Join Date: Nov 2006
Location: Where I Live
Posts: 35
Eggzachery is on a distinguished road
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I learned a long time ago (and consistently have the lesson reinforced) that one should keep their "going up" goals very much to themselves. Even those whom one might think should be very supportive of your goal are not always so. "Giving up" goals? Sure share them with everyone you see. Most everyone is supportive of someone giving something up. Giving up smoking, drinking, weight, etc.

I now only share my goals with my Wife. I will share my vision with my children once they're old enough to understand. But none outside those three do I ever share my heart. People are much too quick to tear a person down. Just decide where you want to go, figure out how you're going to get there, then GET UP, GET OUT, AND GET ON WITH IT.

As for how to become a millionaire? That's been pretty well covered. I think it's first and foremost an internal decision. Then it's simply plotting your course.

Taking into consideration what tipxypixie had to say, I would recommend taking your focus slightly off net worth and figure out how much cash flow you would like to have, how much you can make passively (hopefully all of it), then build your net worth.

It's not much good to have a million dollars worth of equity in real estate if the cupboard is empty, and the clothes are ragged and full of holes. There are so many people where I live that have huge houses, but they're furnished with a mattress which is laying right on the floor, a couch, and (amazingly) a big screen tv. All because they wanted their million dollars of real estate.
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