How To Make A Million Dollars
The running joke is you start with 2 million and although having an inheritance makes this much easier it can be done regardless of your circumstances. With that being said I take issue with the pie in the sky argument that where you start in life does not provide an economic advantage. What do Mark Zuckerberg, and Biz Stone have in common? Neither grew up in poverty. If you can afford to go to an elite university in the top 10 you have a distinct advantage over those with less resources. This backed by countless studies and a pile of data does this mean you just give up if you grow up in extreme poverty? Of course not, rags to riches stories do indeed happen. With that being said what is your best way to become wealthy starting from scratch?
1. Save and start early. This is the easiest one to attain by smartly saving and investing as early as possible.
2. Collect real estate. Have you ever seen Monopoly? The concept is the same in real life if you collect enough real estate and generate enough cash flow wealth can be attained.
3. Start a successful business. Business ownership is one the most common forms of wealth building.
Are you building an empire? Let us know your thoughts in the comments below.
Tech Crunch recently posted an article stating on the bright future ahead for millennials. (The generation right behind me) I disagree, in a world of reality tv and instant gratification I worry just how much we can expect of this younger generation. On top of that you have a weak economy creating unrealistic career and job requirements and I see a recipe for disaster. Their is a level of commitment ,ambition and discipline that success requires of us. Maybe that is part of the argument for why they can contribute but not yet lead. My concerns about whether they will pull their weight remain.
The original article can be read here. http://techcrunch.com/2015/07/20/hold-up-millennials-we-dogs-still-know-a-few-tricks
· If you are still looking for excuses then below are some people who have overcome the odds to reach for the stars
· Edgar Allen Poe
· "Men have called me mad," wrote Edgar Allan Poe, but the question is not yet settled, whether madness is or is not the loftiest intelligence...whether much that is glorious--whether all that is profound--does not spring from disease of thought..." Poe suffered from severe mood swings and a drinking problem which eventually killed him but not before he became one of the greatest writers ever.
· Winston Churchill
· Prime Minister United Kingdom"Had he been a stable and equitable man, he could never have inspired the nation. In 1940, when all the odds were against Britain, a leader of sober judgment might well have concluded that we were finished," wrote Anthony Storrabout Churchill's bipolar disorder in Churchill's Black Dog, Kafka's Mice, and Other Phenomena of the Human Mind.
· Abraham Lincoln
· 16th President
· Melancholy: How Depression Challenged a President and Fueled His Greatness, author Joshua Wolf Shenk writes: "Sometimes, an impenetrable fog seemed to settle around him... [At times] Lincoln sunk into a deep depression which deeply worried his friends and led in 1841 to aggressive medical treatment which probably made him worse. Lincoln went on to become one of our greatest presidents however and a national hero.
· Ernest Hemingway
· Winner of the Pulitzer Prize (1952), and the Nobel Prize in Literature (1954), the novelist's suicidal depression is examined inThe True Gen: An Intimate Portrait of Ernest Hemingway by Those Who Knew Him by Denis Brian.
· Dave Matthews
· chart-topping musician, composer
· "I was depressed. It was not a good time for me," he told Rolling Stone magazine. "I was feeling remarkably alone… I don't want to be someone who writes about how sad I am, I'd rather write…with some sort of strength. Otherwise, I don't think there's any gift - or offering - being made. I would like to be an inspiring force." A new album, with an entirely new sound, essentially saved Dave's life; he finally felt good about what he'd accomplished.
· These are just some of the people who overcame even a mood disorder to reach for their dreams. Will you dare to?