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Originally posted by LilDudeissocool
reply to post by LilDudeissocool
History.com message boards are infested with "Anonymous." George wacko neo-con I believe in the tooth fairy Hearst loves them.
Originally posted by Rockpuck
reply to post by bandito
You're absolutely correct, the vast majority of Millionaires are exactly like you.
Also it's not incredibly hard to become a millionaire either, as long as you save and invest in something, chances are by retirement you should be a millionaire at least.
When we think "Millionaire" however we think people who can throw cash around, buy $100k cars, live in mansions etc. That population represents only .5% of the population. And only the upper 2% are considered "rich".
I myself will probably become a millionaire by the time I'm in my 40's, just through retirment saving and investment. Some might think wow, that's a lot of money.... but it's not. Today you can hardly retire "comfortably" on a $1m fixed income, you would see negative growth.. you would need at least $3m you cover most expenses and still see minor growth -- the average account of $3m with a good interest rate sees $50k in gains per year, you're supposed to use the gains to live on, and the rest as an emergency. By the time I retire (in my 20's) I will need 4x that amount to live "comfortably". Though of course, everyone needs something different.. some people need to travel the world and live in a beachfront condo (I do!) some just want to chill on their farms with the grand-kids, just depends on your plan.