💰$1,000,000💰

[Different]

The name of this blog looks pretty attractive, doesn't it? Especially if it were in your bank account, right now. You wouldn't even know what to do with it, would you?

Anyways, what do you think is the QUICKEST and MOST EFFECTIVE way to earn $1,000,000? If you play your cards right, you can get there. But, if you're one of those dumbasses who blows through their money instead of saving it like the rest of these goofballs who have no financial discipline, then you'll probably never get there. However you reach your $1,000,000 goal is none of my business.

If you know something about reaching $1,000,000 quickly (that's not up on the list of choices), then please share it with us. Also, if you really think about it, $1,000,000 is pocket change compared to the big boys who have the majority of the wealth. To us, that's a shit ton of money. But, then the TOP 1% would look at us and laugh, hysterically.

[Master Raiden]

There is no quick and effective way.
There is only a quick and risky way, or a slow and reliable way.

You could make $1,000,000 in a year or two by spontaneously starting a business or by investing aggressively, but there's also a chance that it cripples you and takes you further away from your $1M goal.
You can also make $1,000,000 (after tax) by working at a $100k/year job for 14 years, or by starting off slow in business/investing to make sure you get it right, which might mean you take 10+ years to make $1M from it.

Not that $1,000,000 is that much anyway. Depending on where you are, that money could disappear instantly when you buy a house.

So take your time. Trying to get rich quick will most likely make you broke quick. People who are rich either sacrificed a lot to get to where they are, or they took a big risk and got lucky.

[Different]

There is no quick and effective way.
There is only a quick and risky way, or a slow and reliable way.

You could make $1,000,000 in a year or two by spontaneously starting a business or by investing aggressively, but there's also a chance that it cripples you and takes you further away from your $1M goal.
You can also make $1,000,000 (after tax) by working at a $100k/year job for 14 years, or by starting off slow in business/investing to make sure you get it right, which might mean you take 10+ years to make $1M from it.

Not that $1,000,000 is that much anyway. Depending on where you are, that money could disappear instantly when you buy a house.

So take your time. Trying to get rich quick will most likely make you broke quick. People who are rich either sacrificed a lot to get to where they are, or they took a big risk and got lucky.

I think I would rather invest into stocks and bonds. I know it's risky as hell, but I also know that I wouldn't want to be crippled during the process. So, hopefully that $1,000,000 would happen over time. Now if I somehow hit the numbers sporadically, then there's the possibility of getting lucky. But, then the odds are astronomically low.

[Uptight 534]

Be born into generational wealth and receive a small loan of $1,000,000 from your father.

[Different]

Be born into generational wealth and receive a small loan of $1,000,000 from your father.

Ha! This is how the Kardashians and Paris Hilton started off being rich. They immediately ran to daddy and drained his pockets out.

[Legend]

Investing is all about the exponential growth from the compound interest over time. One would have to save and invest the majority of their income and live frugally to build up their investments enough so that the effects of compounding take over, which is around $100,000. After that your investments will likely grow faster than you can contribute to them. At an average return of 10% a year, it will take 25 years to grow $100k into $1m. Saving $100k by age 40 is almost a guarantee that you will retire at 65 a millionaire. Here's how much a $100k investment would grow over time if nothing more was ever contributed:

5 years: $161k
10 years: $259k
15 years: $417k
20 years: $672k
25 years: $1083k
30 years: $1744k
35 years: $2810k
40 years: $4525k
45 years: $7289k
50 years: $11739k
55 years: $18905k
60 years: $30448k

[Different]

Investing is all about the exponential growth from the compound interest over time. One would have to save and invest the majority of their income and live frugally to build up their investments enough so that the effects of compounding take over, which is around $100,000. After that your investments will likely grow faster than you can contribute to them. At an average return of 10% a year, it will take 25 years to grow $100k into $1m. Saving $100k by age 40 is almost a guarantee that you will retire at 65 a millionaire. Here's how much a $100k investment would grow over time if nothing more was ever contributed:

5 years: $161k
10 years: $259k
15 years: $417k
20 years: $672k
25 years: $1083k
30 years: $1744k
35 years: $2810k
40 years: $4525k
45 years: $7289k
50 years: $11739k
55 years: $18905k
60 years: $30448k

25 years sounds like a really long time to me. I think it's that return rate of 10% that's not enough for me. I would figure out a way to invest money into stocks that has a return rate that's stratospherically higher than 10%. I know that sounds preposterous, but that 10% return rate is making it excessively difficult for me to reach $1,000,000 in a shorter time frame.

[Different]

This is just a really pathetic & shady way of reaching $1,000,000 - pretending you're a contractor and promising people that you're going to build pools for them is just ridiculous.

[LCPD]

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this is a sad story where a 1 year old dies in a daycare that apparently also housed a fentanyl drug operation. So they were trying to make money.

[Different]

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this is a sad story where a 1 year old dies in a daycare that apparently also housed a fentanyl drug operation. So they were trying to make money.

Man, I heard about that too. The father said that he had a bad feeling not to send his child over to that daycare. I wish he would have listened to his gut because these monsters out here don't give a damn about someone's child.