Del.icio.us, and I saw a link titled, How to Make $1M. Well, obviously, I thought it may be interesting. So, I clicked.
It was refreshing, because it was reinforcement. Basically, it is a hook, line, and sinker discussion on becoming wealthy. He starts off by listing easy ways to get rich (inherit wealth, marry into wealth, win the lottery, or win a lawsuit). Then, he steps back to reality and discusses a sure bet (put $5 per day into a 10% investment, and you will have one million dollars in 42 years). So, these are the two extremes in getting rich (Quick 'n' easy and slow 'n' steady). Finally, he discusses becoming an entrepreneur and short circuiting the slow 'n' steady in order to do it more quickly.
So, it hits home. Come up with a slow 'n' steady way to get to your goal (Plan A). Then, find some way to do it much more quickly and try doing this while still working on Plan A (Plan B). I have had this discussion with a couple of lawyer buddies of mine, and they had recently turned their Plan B into a business that seems to be doing very well. They took the McDonald's approach to learning a business and then starting one.
Tips and Hints
- August 2005
- September 2005
- November 2005
- December 2005
- January 2006
- February 2006
- March 2006
- August 2006
- Saving Money on Auto Insurance
- The Benefits of Flexible Spending Accounts
- Grocery Coupons
- Carnivals for the Week of December 5th, 2005
- Sharing Services, Saving Serious Cash
- New Layout
- The Advantages of Credit Unions
- 10 Year Plan, First Action
- Retire At 30 Has a Plan!
- A Bit Off-Topic: Mozilla Firefox