My goal is to die owing millions.... The only folks I want crying at the funeral are creditors!

 

Scot

I agree with you completely. That is what I meant when I said you make much of your own luck. But, as you will agree, you do need some outside luck too.

 

I seldom ever post on this board but I read it every day. I thought I should throw my two cents in on this discussion. I

 

heck before i die. ill get all the credit i can n spend a million in last few days of my life. that will surely bring those creditors to my funeral!

 

I'm as young as you (21) and had the same idea, retire early and with lots of cash. In fact I had been saving towards that goal, until I realized I don't really want to be rich just furfilled in what I do.

I think I will be one of those guys who die at work, doing something I like till I die. But I did make a lot of money early on in like relatively speaking. Goals modivate me, so I set some high ones. First one 50K+ by the time I was 20, I did it. The next was 100K a year by 23 I can do it but I stopped beating myelf to death over what will happen in the future. Got smart invested for the long term and will let it ride, stuff happens doors will open or close you just got to have the guts to jump through them. I did on one occation and fell flat on my face got up started again and I am back in game, turned out to be a great learning experiance for me.

As for education I love school will be finishing up my bio-chem degree in about 18 months or so, MBA followed directly by my Ph. (yes you can skip the masters) When I get out of school basically pick what I feel like doing at the time.

So really my advice boiled down past my horrible grammer is. Set goals and if you reach them treat yourself. Work is were you spend a good chunk of your life, I would and have taken a hit in salery to have fun and enjoy going to the office, time flies and you work the best when you don't hate stepping in the door. And stay away from credit cards they can destroy you, really.

 

kiyosaki is a load of crock, i too was a follower of his "teachings: but i soon wised up and if u do a search on him under kiyosaki scams on google, the resulting search will also open ur eyes to his "teachings"
mindcore, i have read a little about ur misfortunes , rather ur families misfortunes relating to being audited and how u mentioned u were fortunate to be well off when u were younger- something like a ferrari and such. would u mind giving a brief example of what happened and why the tax dept decided to audit ur family of all people. the harrowing process that an audit brings, the time period, stuff like that is intriguing, the outcomes, etc. u dont have to mention it if u dont want to but i thought it might make for interesting discussion about how to better protect oneself if it was to occur

 

there's really only 4 ways to become wealthy:
1)Born into it - Kennedy's
2)Become an entertainer, either musically or athletically- Shaq, any rock band
3)Work extremely hard - any successful business owner
4)Crime - mafia, triad, yakuza, drug runner.

I'll leave the path for you to decide to follow. #4 has some bad outcomes if u get caught.

 

My dad once told me something similar. He said the 3 ways to become wealthy are:

1) be born into it
2) marry into it
3) work your butt off

He told me that I screwed up on the first one and that the second choice could be much more work than the third choice. By the way, I didn't choose the second choice, so like most people, I'm working on number 3. Also, he told me this many years ago when it was amazing for athletes to break into 6 figure salaries.

 

This could be true, and I will take a look. But I think there is still something to learn from the book. And it basically states that you will never be rich working for someone else. And his ways of getting rich are used by lots of people who deal with real estate. So he might be a scammer, but I still feel his book has value. You have to interpret the reading and make the correct decisions for yourself. Just like everything in life.

ERIK

 

that is true erik, but take it with a grain of salt.
btw, u can get rich working for the man, see doug daft, ceo of coca cola, he is a local boy (australian) and he is an employee, although his wealth did come from a lot of stock options...
jac nasser, basically all high level execs with fat share options can get filthy rich by being employees, so it is easy to be rich working in a job, just takes a long time to make ur way there.
just keep buying lotto tickets and sell ur soul to the red guy