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11-09-2006, 05:10 PM
| #1 (permalink) |
| Member Join Date: Nov 2006
Posts: 37
 |  A Millionaire by 21
Hi Everyone! Off late, ive been playing with an idea. I've been thinking, that i want to define for myself, this goal as soon as i finish my 12th grade. I'm looking at doing Computer Engineering, and then flying to become an airline pilot. But by the time im 21, i want to become a millionaire.  These are the ideas that i've got till now: 1) Start a Blog 2) Start three websites - One as a resource for Aviation, One as a resource for Personality Dev, and one as a resource for Gaming. 3) Start a social network or something - maybe like orkut. 4) Design software? 5) Marketing for Aviation Companies I've been wondering if you all could gimme some more ideas?  As for long term goals, these r it: 1) Start a chain of aviation Shops 2) Start a vegetarian Health food centre Network 3) Start chartered Services 4) Build a house like John Travolta's 5) Invest in Real Estate 6) Start a company linked to software consultancy 7) Start a flying school 8) Buy a strip of beach land Well, these are all for starters. I havent defined clearly that i want all of these. I've kept the decision making and choosing for after 12th. Any other ideas?!  I know these are lofty ideas, but im sure that with effort in the right direction, a bit of luck, and genuine goodness, all can be achieved. Waiting for your replies eagerly! |
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11-09-2006, 05:26 PM
| #2 (permalink) |
| Junior Member Join Date: Nov 2006
Posts: 22
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Go for it, man. I have the same ambitious goal. People might tell you "that's ridiculous, why set such a goal so big for yourself with such a rigid timeframe? That will just make you angry and feeling bad with yourself when you can't reach it." Ignore that. Real estate investment, unless you're not in the US, won't be a real option in the next three years. Blogging probably won't get you there, since Steve Pavlina's blog is the best blog I've ever seen and he's only now just getting over $100k annually. Some of the others might work but you need a crazy, definite plan, one you're sure you'll follow through with and sure it will develop a million bucks. You can come up with it, you'll just not be successful if you have any ambiguity in your objectives. But I'm in the same boat, man, and go for it! It makes life tremendously more exciting! |
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11-09-2006, 05:38 PM
| #3 (permalink) |
| Member Join Date: Nov 2006
Posts: 37
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Yo' FXTrader! Great to see sumeone else in the same boat! Yeah ur right! People would think we're total jerks - But you know what!?> Few people have the fortune of recognising vision. I know ill have to develop a clear plan. But the thing is, that even if i earn just 1 million dollars, it would be sooo cool. As i said, i havent set the priorities and posteriorities as yet - Am kinda dying here, studying for exams and applying to colleges at the moment, hehe....  But am sure that i will devote a lot of time defining my goals and plans..! All the best to you, fellow Adventurer! And do let me know ur plan...It would be interesting to know each other's plans.... |
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11-09-2006, 05:43 PM
| #4 (permalink) | |
| Junior Member Join Date: Nov 2006
Posts: 22
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11-09-2006, 05:54 PM
| #5 (permalink) |
| Member Join Date: Nov 2006
Posts: 37
| Investopedia.com
Coool! As a matter of fact, i had considered investing in the Stock markets too, and i have already got myself into the learning process..... Check out Investopedia.com - Your Source For Investing Education It has a simulator....Your given 500$, and the market values change according to the real values of the market in North America....And you can invest and train yourself....Means like investing on the basis of ups and downs in companies, using the news to influence your investments, etc...Really interesting thingy...! Do check it out! |
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11-09-2006, 05:55 PM
| #6 (permalink) |
| Member Join Date: Nov 2006 Location: Perth
Posts: 67
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I thought this was going to be some motivational story about sum1 who became a millionaire by the age of 21 all i can think of is poker/currency and stock trading ooooo or you could become pro at sports betting hmm... i wish i had some better ideas it's a cool goal though, go for it! |
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11-09-2006, 07:11 PM
| #8 (permalink) | |
| Senior Member Join Date: Nov 2006 Location: USA
Posts: 119
| Quote:
Ideally you want something you enjoy because no one wants to lust after money in jobs or ideas they don't value. | |
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11-09-2006, 09:42 PM
| #10 (permalink) | |
| Senior Member Join Date: Nov 2006
Posts: 132
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11-09-2006, 10:14 PM
| #11 (permalink) |
| Junior Member Join Date: Nov 2006 Location: Bellingham, WA
Posts: 9
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Wow another person with dreams to become a millionaire in their 20s. My goal is millionaire by 25. I already have a semi-complete plan of how to get there. Good luck, and dont let others tell you its not possible. It may be really difficult but it sure as hell is possible.
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11-10-2006, 12:22 AM
| #12 (permalink) |
| Junior Member Join Date: Nov 2006
Posts: 9
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sweet!...seems like there's a lot of us youngies sharing the same dream...go goal is the same as brian...wanna become a millionaire by 25...mostly thru running a business or managing a corporation...btw arithhuh...all i can say is the same advice as the guys said b4...it all comes down to believing in urself and whether u want to accomplish that goal...i'd suggest 1 book which steve also recommends...its called Awaken The Giant Within by Tony Robbins. i suggest u have a look at that book...and i'm sure that u'll be able to achieve w/e goals u set for urself according to what he says...good luck in ur endeavour mate |
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11-10-2006, 01:51 AM
| #13 (permalink) |
| Junior Member Join Date: Nov 2006
Posts: 26
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Hey! I'm actually in the same boat as well, with a goal to become a millionaire before I'm 30 (4 years left!). I had the incredible fortune to become involved with a group of real estate investors who are building a corporation from the ground up. We have a proprietary system for locating properties, acquiring them, and creating the end-user (the homebuyer). The guys (up to now I've only been the web and graphics designer) have all been working steadily since April and have already accrued several million from multiple investors to be placed in a REIT (real estate investment trust) in the name of the corporation. I learned today that another $250k was secured and we should be able to begin paying salaries by Christmas! So... I guess my suggestion is that real estate is a great place to start for beginners, as long as you have a great mentor. (I know this is what all the "gurus" say, but it's true! It's just so hard to find...) |
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11-10-2006, 02:41 AM
| #14 (permalink) | |
| Junior Member Join Date: Nov 2006 Location: Wellington, New Zealand
Posts: 9
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I'm 18 and this is also my goal, although I don't want to stop at just a million dollars by my mid 20's I'd like to go further. I'm not all tha creative so I'm not likely to invent the next google, or some awesome product that everyone wants. So I'm looking at going through stocks / forex / real estate, and perhaps a ventue someone might want funding for ;p But we'll see how it goes I guess Quote:
Mentors. This is something which is great about real estate, there are a lot of like minded people that invest in real estate (and are active in the property investing communitiy), and they are always happy to have lunch with an aspiring property invester and are often also happy mentoring them. Last edited by MichaelL; 11-10-2006 at 02:46 AM. | |
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11-11-2006, 10:04 AM
| #17 (permalink) |
| Member Join Date: Nov 2006
Posts: 37
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@ Greg Thats absolutely true Greg! I absolutely concur with u....! If our motives and intentions are genuinely good, then all will come on its own.. @kmr321 Hey! Already have the book...Gonna read it soon.... Thanks all, for ur replies and good wishes! Really Sweet! Fly high and All the Best to you all! |
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11-11-2006, 10:56 AM
| #18 (permalink) |
| Family Member Join Date: Nov 2006 Location: Seattle, Washington, USA
Posts: 3,977
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I had this plan to become the CEO of my own company by like, um... well, now, actually. My human resources weren't as committed as I was, though, and I didn't know what I was doing. Still, I've refreshed this plan and while I'm not sure exactly how I'm going to map out my future, I've given myself a six year deadline, mostly for fun. Good luck, man, and let us know how you do. |
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11-11-2006, 09:38 PM
| #19 (permalink) |
| Family Member Join Date: Nov 2006 Location: Berlin, Germany
Posts: 8,749
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Since someone mentioned Napolian Hill, lets ask his question: What do you want to give up in order to achieve your goal? Also your Goal seem to lack focus. You can archieve anything, but not everything. |
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11-14-2006, 12:01 PM
| #21 (permalink) |
| Junior Member Join Date: Nov 2006
Posts: 4
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Sweet! I am working towards having a passive income of 500k plus before I hit 28 and to that end I have started several small businesses. The web will get you there but don't discount the 'real' world as well. Investing for passive income is my key strategy *after* I build a business to start pulling in $. Or hopefully $$$,$$$ One tip though, don't discount people who can help you. I just started an new company, my third, with twice the number of people that I had in my last company. The grand total is four. Luckily for me the whole company is forming around some intellectual property of mine and I am happily engaged in every aspect of the business, from market research to design and implementation. I have some great resources in my partners and while I only own 30% of the company I am happy with my share because I am making progress sooooo much faster than if I did it on my own. |
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11-15-2006, 11:32 AM
| #22 (permalink) |
| Member Join Date: Nov 2006
Posts: 37
| Thank you all...
Hi Everyone! My heartfelt thanks to all who replied! Its really nice to see all the encouraging replies, and to see that so many of us are in the same boat! My best wishes and warm regards to all of you! Im sure all of you including me, will succeed if we apply ourselves in the right way, and with a bit of luck, we should be on our way to glory....  All the Best! Fly High! |
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11-16-2006, 05:29 PM
| #23 (permalink) |
| Senior Member Join Date: Nov 2006 Location: Pennsylvania ,US America
Posts: 229
| ? what will you do when you are millionaire
Hi, What will do when you have $1 MILLION? How about $10 Million? Inheritance/passive income is the most likely road to $1 Million. You/I need to be outstanding to innovate/sweat our way to 1 MIL. I like Kirk Kerkorian's road to wealth: In the autumn of 1939, Kerkorian was earning 45 cents an hour helping O'Flaherty install wall furnaces. Some days, Kerkorian would go with him to Alhambra Airport and watch him practice maneuvers in a Piper Cub. Originally disinterested, Kerkorian consented one day to go aloft with O'Flaherty. As the plane rose, and the Southern California landscape became visible from the mountains to the ocean, Kerkorian experienced a defining moment. "He was sold on it right then," O'Flaherty later recalled. "He had never been up in a plane before. But I'm telling you, after that first flight he went right at it. The very next day, he was back out at the field to take his first flying lesson." With war clouds darkening Europe, he worried that he would be drafted into the infantry before he became a licensed pilot. One day in 1940 Kerkorian showed up at the Happy Bottom Ranch in the Mojave Desert adjacent to Muroc Field, now Edwards Air Force Base. Owned by Florence "Pancho" Barnes, a pioneer female aviator, the ranch was a combination flight school and dairy farm. "I haven't got any money," Kerkorian told Barnes. "I haven't got any education. I want to learn to fly. I don't know how I can do it. Can you help me?" No college was needed, just the willingness to pull teats and shovel bovine backwash. Within six months, Kerkorian had a commercial pilot's license, and a job as a flight instructor. But teaching bored him. "I heard about the Royal Air Force flying out of Montreal, Canada, and I went up there and I got hired right away," he recalls. "They were paying money I couldn't believe, $1,000 a trip." The mission of the RAF Air Transport Command was to fly Canadian-built Mosquito bombers from Labrador to Scotland. Only one in four made it. In 2 1/2 years with the RAF, Kerkorian delivered 33 planes, logged thousands of hours, traveled to four continents and flew his first four-engine plane. He also saved most of his generous salary. Kerkorian clearly recalls his first visit to Las Vegas in July 1945. His RAF service completed, he paid $5,000 for a single-engine Cessna in which to train pilots. "And I used that same plane to fly charters. That's what got me into the transportation end of the business." In 1947, Kerkorian purchased a tiny charter line, Los Angeles Air Service. He later changed the name to Trans International Airlines, and offered the first jet service on a nonscheduled airline. In 1965, Kerkorian took TIA public. Armenian-Americans knew of Kerkorian and bought his stock. It rose from a low of $9.75 to a high of $32. "It brought the stock up to begin with, and then our earnings were great, too, and it kept going up until we sold to TransAmerica," says Kerkorian. In that 1968 deal, Kerkorian received about $85 million worth of stock in the TransAmerica conglomerate, making him its biggest shareholder. Kirk Kerkorian - Wikipedia, the free encyclopedia |
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11-18-2006, 04:31 AM
| #25 (permalink) |
| Member Join Date: Nov 2006 Location: Westchester
Posts: 84
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Well here is what I want to do: My goal is $15,000,000 by the age of 25. Don't care about the money as much as the Aston Martin, the yacht, and the chateau in France. Yes I'm ambitious, but we're young so it's expected, no? I plan on starting a health chain. Like a gym, spa, and just total health. I'm SICK of people who have a membership in a gym, but don't use it or workout for 20 minutes and call it a day and then eat a full pasta dinner at the gym cafeteria. That makes me angry. I want to create a health center where we go out of the way to work with the people, closely monitering their nutrition, exercise, overall fitness and health needs to ensure that they will lose weight or gain muscle. Still an idea in the works, but it's something I am interested in. We will see I get into college and finish my undergraduate business program. Cheers, A.D. |
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11-18-2006, 05:13 AM
| #26 (permalink) |
| Member Join Date: Nov 2006
Posts: 37
| What I'll Do with 1Million $
@ Joelylye LEts assume i've earned 1 million $, i.e, 1,000,000$. (In no particular Order, will do the following). Utilize 250,000$ for things like providing for the education of orphans, and aiding old age homes, and other charitable work. But out of this 250,000$, I'd put 100,000$ in the bank, and use the interest also to provide a small amount every year for all these purposes over a prolonged period of time. Spend 300,000$ on Building a house with an attached runway. I'll spend 60,000$ to finish my flying, and get my flying licenses. I'd spend 200,000$ On business Explorations and Experiments, and on investing with solely the growth of my company/business enterprises. Out of the remaining 180,000$, I would put 100,000$ in the bank, and spend the remaining 80,000 on a car....:P Well, I always thought i would use a significant chunk of my income for charitable purposes. If i had 10 million, the statistics would differ, also, depending on when i'd get the 10 million...as in, how my businesses are, any expansion needed, what about investments for my future, my family, etc.... But if i had 10 million, i would def consider buying myself an aircraft....And investing in real estate more deeply...hehe..:P Well, Big plans! @Tanausu: Hey! You can add me - arithhuh@yahoo.com ; aditya_bhaskar@hotmail.com ...Not only Tan, but everyone else also, but please do mention that u got the id from stevepavlina forums. @The Protagonist: Hey! All the Best to you! Its great to see that ur planning on a health-related enterprise....If it succeeds, then you will be the cause for a lot of positive change in hundreds of people! I am of the opinion that if your goal is to really help people, then everything will start getting set... All the Best, and do add me on yahoo or msn.
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11-18-2006, 04:49 PM
| #27 (permalink) |
| Family Member Join Date: Nov 2006 Location: Home
Posts: 2,578
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I've been working towards a million dollars as well. I'm 20 right now, but I'm working on ideas that will inevitably generate my one million or at least enough to not have to have a real job. A real job is for suckers anyway. I've been writing quite a bit and been working hard at comedy, my other true love, so it's going to be a great ride because I'm doing what it is I love to do. Money will come, I know it.
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11-19-2006, 03:54 AM
| #29 (permalink) | |
| Member Join Date: Nov 2006 Location: Westchester
Posts: 84
| Quote:
My overall goal is to make people healthy. I originally wanted to be a doctor, but medical school is just not me. I am a very business orientated person, and I know enough about the aspects of nutrition and bodybuilding so that is where my interests lie. I plan on going to U. Penn's wharton school of business and then working in the industry for a couple of years to learn the ropes. The thing about business school, especially high calibre ones like wharton is INSANE connects. You have a whole host of alumni to talk to for venture capital, etc. I am very convinced my idea will work if I am given a chance. Till then I am working on my self. I can't be the CEO of a company in the health industry without being in peak physical condition myself. So I am giving the next 4 years to my self to get into great shape. I'm 5' 7" I want to be 175 pounds 6% body fat. I also want to go through Stamfords business program (it is available for free on iTunes!). Reccomend checking that out.. I'm young and ambitious, and I want things. There is no way I could just be happy in some 'regular' existance, I have the drive to make a difference, and I know you all do as well or we wouldn't be here. So on that note, I wish the best of luck to you gents. A.D. | |
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