Jump to content
  • entries
    720
  • comments
    8,026
  • views
    231,475

The Four Steps To Becoming A Millionaire


Spoony Bard

670 views

Well as a adult, I feel I should pass on some worthy knowledge to you kids.

 

People wanna be successful and wealthy. People assume that they can just become a star or an athlete to get an easy life. Well it isn't that easy, and not something you should rely on for your future.

 

Economics teacher told me these steps. They can work as long as you don't break any of the steps or if something major comes up.

 

These steps are simply easy if you know what your doing.

 

1. Have a job. Doesn't matter if your flipping burgars or washing dishes. This way your still making money even if your not doing the job you want. Consider this a substitute of backup until you find your correct path.

 

2. Save and/or invest. You need a base of income, whether it is $10 or a $100. Take a few bucks from a weekly paycheck and put it aside. It will eventually get bigger in size. Investing is helpful as well, such as stocks. Interest is something good too.

 

3. Stay away and out of debt. Try not to borrow money or take out loans. This isn't gaining any money for you, but more like losing it. If you have a credit card, be careful. Don't use it for something that you can easily pay for with cash. If you have the money for something expensive, buy it. Don't charge it.

 

4. Be careful with the friends you make and who you marry. Your friends may be awesome to you, but sometimes they can become the biggest moochers ever and rely on you all the time for a few bucks. They will also use you. Same can go for marriage. If you file for a divorce, make sure you know what your doing. it isn't worth to pay 40 grand for an attorney to sort out a dispute that can be dealt outside the courtroom.

 

I myself have accomplished 3 of these steps (I don't have a job, but I have a large income and no debt, no credit cards, and no loans to pay). It is best to start out at a young age. It won't work as well if you start it when your older. 18 is a perfect start.

 

-Omi

6 Comments


Recommended Comments

I don't know if I trust a financial advisor who doesn't know the difference between your and you're. But the rest seems all right...
Link to comment

I don't know if I trust a financial advisor who doesn't know the difference between your and you're. But the rest seems all right...

 

XD Makaru is the new wielder of the grammar hammer :P

 

Great advice Omi. I thought you worked at a radio station though..... :o

 

~-VC-~

Link to comment

Great advice Omi. I thought you worked at a radio station though..... :o

Even djs need a college education. And I did. I will be changing that status hopefully soon.

 

-Omi

Link to comment
Guest
Add a comment...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...