Comments on: How to Become a Millionaire in 10 Years http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/ Money Saving Insights: Coupons, Smart Spending and Promotional Codes Mon, 13 Feb 2012 05:38:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Dawne http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-76653 Dawne Tue, 07 Feb 2012 00:45:22 +0000 http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-76653 Fantastic reply - it works Fantastic reply – it works

]]> By: bismark http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-47851 bismark Fri, 03 Dec 2010 11:31:56 +0000 http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-47851 All of us have dreamt of becoming a millionaire at one point, if not every single day, of our lives. We just want to know what it’s like to not worry of any financial situation as your bank account holds more money that you’ll never be able to use up in your lifetime All of us have dreamt of becoming a millionaire at one point, if not every single day, of our lives. We just want to know what it’s like to not worry of any financial situation as your bank account holds more money that you’ll never be able to use up in your lifetime

]]> By: The Little Artiste http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-47661 The Little Artiste Sat, 27 Nov 2010 03:42:43 +0000 http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-47661 I'm 18 years old, jobless, and a student. My only source of income is my blogs and my side jobs as a graphic designer. Since I'm starting on my millionaire journey so early, I know I'll be able to accomplish this very large goal. These are really great tips, and even if it sounds unreasonable (and is) you just have to be in the mindset of "make a lot of money" and "save as much money as you can at as high of an interest rate as you can". I already make a decent amount of money from my side jobs, so when I can even find myself a minimum wage part-time job, I'll be well on my way to becoming a millionaire. It doesn't hurt to learn how to save, too. I’m 18 years old, jobless, and a student. My only source of income is my blogs and my side jobs as a graphic designer. Since I’m starting on my millionaire journey so early, I know I’ll be able to accomplish this very large goal. These are really great tips, and even if it sounds unreasonable (and is) you just have to be in the mindset of “make a lot of money” and “save as much money as you can at as high of an interest rate as you can”. I already make a decent amount of money from my side jobs, so when I can even find myself a minimum wage part-time job, I’ll be well on my way to becoming a millionaire. It doesn’t hurt to learn how to save, too.

]]> By: Joe http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-47454 Joe Wed, 17 Nov 2010 23:33:04 +0000 http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-47454 Why would I want to pay down my mortgage early, as you suggest, to save ~2% after tax (given today's ultra-low mortgage rates), when I can invest it after-tax at 9+% (your figure adjusted for capital gains tax)? Why would I want to pay down my mortgage early, as you suggest, to save ~2% after tax (given today’s ultra-low mortgage rates), when I can invest it after-tax at 9+% (your figure adjusted for capital gains tax)?

]]> By: My 5 Must Read Thrifty Blogs | Thrifty 20 Something http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-46423 My 5 Must Read Thrifty Blogs | Thrifty 20 Something Tue, 12 Oct 2010 18:37:43 +0000 http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-46423 [...] I think every twenty something should read some sort of financial blog, especially one that focuses on eliminating or preventing debt and investing for the future. Many people our age rack up credit cards, student loans, and other debt, which can become a horrible burden. Frugal Dad is like getting wise advise from your own dad about what not to do and how to dig yourself out of whatever financial mess you might be in. If you don’t have debt, you can at least find out how to become a millionaire in 10 years. [...] [...] I think every twenty something should read some sort of financial blog, especially one that focuses on eliminating or preventing debt and investing for the future. Many people our age rack up credit cards, student loans, and other debt, which can become a horrible burden. Frugal Dad is like getting wise advise from your own dad about what not to do and how to dig yourself out of whatever financial mess you might be in. If you don’t have debt, you can at least find out how to become a millionaire in 10 years. [...]

]]> By: Ramblings of a Woman http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-45505 Ramblings of a Woman Fri, 17 Sep 2010 11:50:31 +0000 http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-45505 I think that what is presented in this article was a little bit of a stretch, however, the concept of it is not. So what is you don't earn 12%, what if it is only 8%, so what if you can only save 500K, or if it takes you 15 years? If you don't do it at all, guess what, you won't have ANYTHING to show for it! Take this advice and make it work the best you can for your situation, and run with it. And for someone who's been married almost 30 years with grown kids, the advice of trying to live off of one income and saving the other is awesome. And again, if you can't do it COMPLETELY, work towards it. While 2 incomes may be necessary in the beginning, if you'll maintain a certain level of living, and don't use it to constantly move up the economic ladder, you'll be much better off. We live in the same house we did 21 years ago. Will be paid off in 3 years (coulda been sooner!) We don't drive 2 new cars, or even 1 new car, we have 2 1990 something vehicles in our yard. We haven't even saved a lot, but because our needs are lower than most, we will be able to 'retire' (read-quit jobs we don't love to do something we do) on much less and sooner than most. Sorry for the soapbox! Bernice http://bernicewood.wordpress.com I think that what is presented in this article was a little bit of a stretch, however, the concept of it is not. So what is you don’t earn 12%, what if it is only 8%, so what if you can only save 500K, or if it takes you 15 years? If you don’t do it at all, guess what, you won’t have ANYTHING to show for it!
Take this advice and make it work the best you can for your situation, and run with it.
And for someone who’s been married almost 30 years with grown kids, the advice of trying to live off of one income and saving the other is awesome. And again, if you can’t do it COMPLETELY, work towards it. While 2 incomes may be necessary in the beginning, if you’ll maintain a certain level of living, and don’t use it to constantly move up the economic ladder, you’ll be much better off. We live in the same house we did 21 years ago. Will be paid off in 3 years (coulda been sooner!) We don’t drive 2 new cars, or even 1 new car, we have 2 1990 something vehicles in our yard. We haven’t even saved a lot, but because our needs are lower than most, we will be able to ‘retire’ (read-quit jobs we don’t love to do something we do) on much less and sooner than most.
Sorry for the soapbox!
Bernice
http://bernicewood.wordpress.com

]]> By: How to Make a Million Dollars http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-45302 How to Make a Million Dollars Mon, 13 Sep 2010 19:45:19 +0000 http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-45302 [...] Become a Millionaire [...] [...] Become a Millionaire [...]

]]> By: Paul Meyer http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-43576 Paul Meyer Wed, 21 Jul 2010 02:34:03 +0000 http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-43576 Benjamin, I used this articles advice almost 2 years ago, started a home-based business, paid off my debts and now I'm completely retired. No matter if you do it in months or years just don't give up man. I believe in you. -paul Benjamin,

I used this articles advice almost 2 years ago, started a home-based business, paid off my debts and now I’m completely retired. No matter if you do it in months or years just don’t give up man. I believe in you.

-paul

]]> By: Benjamin Bentley http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-43571 Benjamin Bentley Wed, 21 Jul 2010 01:27:23 +0000 http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-43571 Superb article.. i am in the process of clearing out whats rest of my debt now and as soon as that is over and done with i will begin my 10 year plan.. I am assuming it will take me about 2 years for the entire debt "thang" so it is actually going to be a 12 year plan.... Fantastic information.. Superb article.. i am in the process of clearing out whats rest of my debt now and as soon as that is over and done with i will begin my 10 year plan.. I am assuming it will take me about 2 years for the entire debt “thang” so it is actually going to be a 12 year plan…. Fantastic information..

]]> By: MG http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-43501 MG Tue, 20 Jul 2010 04:54:41 +0000 http://frugaldad.com/2008/08/19/how-to-become-a-millionaire-in-10-years/#comment-43501 i'm new to this blog. my husband and i are like most americans, scraping by to live. we make $4000/month, so we will have MADE a million dollars in ten years! ... but we live. now, my father is a workaholic, missed most of my life, and already has two million (plus) stashed away and a divorce on his resume. a million dollars can't buy the time my hubby spends with our one year old daughter, or the dates we take to enjoy each other and build our relationship. he already works hard and we are not paying someone else to raise OUR child. the title of this post is charming, but having such lofty goals, sacrificing your life to get there, is not a great investment. our goal is "become a $10000aire in 10 years". i’m new to this blog. my husband and i are like most americans, scraping by to live. we make $4000/month, so we will have MADE a million dollars in ten years! … but we live. now, my father is a workaholic, missed most of my life, and already has two million (plus) stashed away and a divorce on his resume. a million dollars can’t buy the time my hubby spends with our one year old daughter, or the dates we take to enjoy each other and build our relationship. he already works hard and we are not paying someone else to raise OUR child. the title of this post is charming, but having such lofty goals, sacrificing your life to get there, is not a great investment. our goal is “become a $10000aire in 10 years”.

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