What age to be a millionaire?

[Treeshark]

I recently heard about this lady who sells her farts and used bath water in jars. Wonder if she’s a millionaire yet?

 

[TheAri]

I recently heard about this lady who sells her farts and used bath water in jars. Wonder if she’s a millionaire yet?

That’s my exact business model, it’s shitty I know

 

[NDGuy]

I recently heard about this lady who sells her farts and used bath water in jars. Wonder if she’s a millionaire yet?

 

[NDGuy]

I recently heard about this lady who sells her farts and used bath water in jars. Wonder if she’s a millionaire yet?

Had the stellar idea of a business model where I have people pay me a subscription to stop sending them nudes.

 

[cgasner1]

Had the stellar idea of a business model where I have people pay me a subscription to stop sending them nudes.

I believe that is called revenge porn and it’s illegal

 

[SAJ-99]

All I’m saying is you are making it sound way harder than it is. You can buy a 4 plex as a primary residence with 3.5% down and pay your mortgage with rental income. Live there a few years, sell it. 1031 it into something bigger. Yada yada yada..there’s money to be made if someone wants to work at it and use the system as it’s designed.

I think you are making it sound way easier than it is. When was this scenario you describe? 2006 when banks would lend anyone with a pulse money? I'm not saying it is impossible, just that it is more rare than common.

My wife and I are both doctors and started our own business, we’re in the process of exiting and starting our next business

So pretty exceptional. You probably didn't start as Drs until you were 30, and how much debt did you have from that, and your target to claim 30's is $2m in my opinion. Like I said, not impossible, but not common and certainly not easy.

 

[Carnage2011]

I think you are making it sound way easier than it is. When was this scenario you describe? 2006 when banks would lend anyone with a pulse money? I'm not saying it is impossible, just that it is more rare than common.


So pretty exceptional. You probably didn't start as Drs until you were 30, and how much debt did you have from that, and your target to claim 30's is $2m in my opinion. Like I said, not impossible, but not common and certainly not easy.

I did it at 29 in 2019. Would have done it in 2006 but I was sitting in sophomore English class…

 

[NDGuy]

I believe that is called revenge porn and it’s illegal

Back to the drawing board

 

[ismith]

Is being a millionaire really that big of a deal anymore though?

 

[Treeshark]

Is being a millionaire really that big of a deal anymore though?

Great point- not really.

 

[NDGuy]

Is being a millionaire really that big of a deal anymore though?

Makes a guy shudder thinking that 3-5 million won’t be much in 20-30 years either. Time to up my contributions

 

[DFS]

The real hunt talk flex for wealth is if you apply for special draws in Wyoming. Regular for me.

 

[SAJ-99]

Is being a millionaire really that big of a deal anymore though?

Big deal? Maybe not. But for 88% of Americans it would be a better spot than they are now. How many are younger than 40? I guess 1% is 1 million working Americans, but still, it is an accomplishment to be proud of for sure.

https://finance.yahoo.com/news/guess-percent-households-over-1-193023481.html

 

[Treeshark]

The real hunt talk flex for wealth is if you apply for special draws in Wyoming. Regular for me.

Draws? Ew.

 

[ismith]

Big deal? Maybe not. But for 88% of Americans it would be a better spot than they are now. How many are younger than 40? I guess 1% is 1 million working Americans, but still, it is an accomplishment to be proud of for sure.

https://finance.yahoo.com/news/guess-percent-households-over-1-193023481.html

Why settle for a million?

100 x Zimbabwe 1 Million Dollars Banknote, 2008, bundle CoA Authentic trillion | eBay

The banknote's front design features the iconic Chiremba balancing rocks along with the Zimbabwe bird in OVI and stylized grains and cow in underprint. The reverse side features the ancient ruins of Great Zimbabwe and Aloe excelsa trees.

www.ebay.com

 

[antelopedundee]

When Warren Buffett stoops over to pick up a penny to him that's the start of his next billion.

 

[TheJason]

$250+ combined income,

Haven’t seen that once in the 30 years we’ve been married.

 

[mukbowhunt]

Maybe. I agree 39 is waaaay different than 30. But I would still love to see the equation. Is the mortgage being subtracted out? Married? Kids? You eating eggs or spam? you know, the basics.

Just because you didn’t doesn’t mean it wasn’t / isn’t possible. My wife and I had a net worth of less than $50k when we were married at 22. We haven’t inherited any money or any other assets. We cleared the hurdle in this thread before 40. Good jobs, consistent savings, a commitment to investing and keeping spending in check goes a long way.