Where does your school rank with NIL ?

[Thiefery]

It's not hard to be a millionaire these days. A million dollars isn't what it once was.

i'm no millionaire, please teach me

 

[fordman84]

i'm no millionaire, please teach me

"put down the food, fatty", en sech.

 

[RP-29]

i'm no millionaire, please teach me

Anyone can be a millionaire with the right spending habits. Focus your financial priorities on appreciating assets (i.e. stocks, bonds, savings accounts, property), minimize depreciating assets (i.e. new automobiles, appliances, phones, tech toys) and avoid straight consumption as much as possible (i.e. food, entertainment, drugs, hookers). And if your priority is to be a millionaire, stay single; a spouse and kids will crush that dream.

 

[fordman84]

Anyone can be a millionaire with the right spending habits. Focus your financial priorities on appreciating assets (i.e. stocks, bonds, savings accounts, property), minimize depreciating assets (i.e. new automobiles, appliances, phones, tech toys) and avoid straight consumption as much as possible (i.e. food, entertainment, drugs, hookers). And if your priority is to be a millionaire, stay single; a spouse and kids will crush that dream.

And invest in land. They aren't making any more of it, so buy it when you can. Taxes aren't that prohibitive for undeveloped land. Property ownership is how you build a massive retirement.

 

[RP-29]

And invest in land. They aren't making any more of it, so buy it when you can. Taxes aren't that prohibitive for undeveloped land. Property ownership is how you build a massive retirement.

Yep. My intent was including "land" in my "property" citation. Land/property ownership is oftentimes much more fruitful than stocks and savings accounts.

 

[Deep Creek]

i'm no millionaire, please teach me

Piss on teaching me. Just give me a million bucks.

 

[Thiefery]

yeah those steps suck.. don't eat awesome food or go to a few CFB games in the fall.. invest in land near huntsville? Just give me the million dollars like @Deep Creek said.

 

[fordman84]

Piss on teaching me. Just give me a million bucks.

give a man a fish...

 

[fordman84]

yeah those steps suck.. don't eat awesome food or go to a few CFB games in the fall.. invest in land near huntsville? Just give me the million dollars like @Deep Creek said.

live below your means and invest. That's it. Short of playing the lotto or having a rich family member there isn't really a secret to gaining generational wealth.

 

[Thiefery]

live below your means and invest. That's it. Short of playing the lotto or having a rich family member there isn't really a secret to gaining generational wealth.

 

[fordman84]

Excellent call out! Additional rule...don't get high on your own supply!

 

[occupant]

live below your means and invest. That's it. Short of playing the lotto or having a rich family member there isn't really a secret to gaining generational wealth.

FK THEM KIDS

 

[Deep Creek]

live below your means and invest. That's it. Short of playing the lotto or having a rich family member there isn't really a secret to gaining generational wealth.

Gaining/schmaining generational wealth. I told my you youngest daughter she needed to marry Bill Gates’ kid. That was the only one in the country I knew that could provide as much money as she could spend!

Once she started having to spend her own money she became the biggest tightwad in the world.

 

[Wishbone]

Invest Invest Invest and play the stock market smartly for the long term.

 

[Goldbug]

The three best pieces of advice my Dad gave me about money were:
1. Invest in a good woman who loves you. She won't steal from you and she will respect your hard work.
2. Don't invest very much in the other guy's deals. Invest in your OWN company/deal/project.
3. Pay your taxes. Pay as low amount as legal but pay your damn taxes.

 

[Bayou Tiger]

Seems entirely made up.

I just read the post, didn't click the article -- but holy shit this is even more stupid

Yes. It's just another skin of the "who has the most donors/biggest endowment/etc" nonsense

Damn pulling an article from August? OP that desperate?

The editor must have fired his QC guy who proofreads all things before they are printed.

I read the title then read the article. The title insinuated something that was ignored in the body of the article. Either something didn't make it to print or a paragraph or two got lost along the way?!?! It was very confusing...

 

[MAIZEandBLUE09]

Invest Invest Invest and play the stock market smartly for the long term.

The trick to low-end generational wealth isn't even that complicated. Just start contributing to the market and/or retirement as soon as you start working. That's it. If you contribute to the market in some way from age 20 to, say, 55 it's pretty certain you'll probably have near generational wealth by that age so long as you don't touch it. Or at least enough where you'll be able to comfortably live on interest and pass most everything else down.

 

[MAIZEandBLUE09]

The editor must have fired his QC guy who proofreads all things before they are printed.

I read the title then read the article. The title insinuated something that was ignored in the body of the article. Either something didn't make it to print or a paragraph or two got lost along the way?!?! It was very confusing...

There's also two different articles linked in the OP. And if you click the 247 link, it's confusing as hell because it starts at the bottom and you have to scroll way up to see the methodology.