Comments on: The First Million is the Hardest http://www.moolanomy.com/182/first-million-is-the-hardest/ Personal Finance. Investing. Wealth Building. Thu, 09 Feb 2012 18:55:29 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: mykscott http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-83922 mykscott Fri, 28 Oct 2011 03:49:35 +0000 http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-83922 5 months later I stumble on this post. From my experience, this money goal thing can really take over your life. My first goal was to save $10,000 by the time I was 20. Then my goal was to get to $100,000. I just reached $1million last year at 48. Yippee! I'm really an exciting conversationalist...I learned how to save money from my dad....he retired at 45 years old when I was a senior in high school. He's actually pretty exciting also... I turned things around just now...remodeled kitchen, Europe trip, flying lessons...but I think back how/what I could have done earlier in life if I hadn't been so damn focused on the dollar. 5 months later I stumble on this post. From my experience, this money goal thing can really take over your life. My first goal was to save $10,000 by the time I was 20. Then my goal was to get to $100,000. I just reached $1million last year at 48. Yippee! I’m really an exciting conversationalist…I learned how to save money from my dad….he retired at 45 years old when I was a senior in high school. He’s actually pretty exciting also… I turned things around just now…remodeled kitchen, Europe trip, flying lessons…but I think back how/what I could have done earlier in life if I hadn’t been so damn focused on the dollar.

]]> By: Alex Pino http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-49321 Alex Pino Tue, 10 May 2011 04:39:38 +0000 http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-49321 That's awesome but personally I can't wait that long to enjoy life. That's why I've jumped from being an employee to owning my own business that I'm passionate about. Good luck man! That’s awesome but personally I can’t wait that long to enjoy life. That’s why I’ve jumped from being an employee to owning my own business that I’m passionate about. Good luck man!

]]> By: Kevin http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-37297 Kevin Thu, 10 Mar 2011 00:40:44 +0000 http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-37297 @Money: Imagine how much you could really enjoy life if you diligently saved for that first million? $15,000 per year isn't all that much for a 2 income family. @Money: Imagine how much you could really enjoy life if you diligently saved for that first million? $15,000 per year isn’t all that much for a 2 income family.

]]> By: Money http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-37226 Money Wed, 09 Mar 2011 18:31:59 +0000 http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-37226 Goals are nice, but money isn't everything. The first million isn't hard if you don't care about it. Think about it. Enjoy your life and what you have, people. It's good for you. Goals are nice, but money isn’t everything. The first million isn’t hard if you don’t care about it. Think about it. Enjoy your life and what you have, people. It’s good for you.

]]> By: salman http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-19763 salman Fri, 06 Feb 2009 05:50:02 +0000 http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-19763 Hi My name is Salman. I am international student studying on very wealthy school ship, covering everything from tuition to healthcare. Along with that they provide us with a monthly salary of $1,850. Being that I am a business major I got to read little of how to become a millionaire. I was astounded to know that “I should start investing as soon as I can". But have little knowledge in stocks I DON'T KNOW WHAT TO DO? so if anyone can throw at me about: 1) What are they essential points I should know about the stock market , that I can build a strong base to the market ? 2) What are the key points that I look at when looking for a stock? 3) What percent of my income should I put in stocks ? 4) Being international how can I benefit from overseas stocks ? So if anyone was welling to throw any info or knowledge on me that would be great . Thank you Hi My name is Salman. I am international student studying on very wealthy school ship, covering everything from tuition to healthcare. Along with that they provide us with a monthly salary of $1,850. Being that I am a business major I got to read little of how to become a millionaire. I was astounded to know that “I should start investing as soon as I can”.

But have little knowledge in stocks I DON’T KNOW WHAT TO DO? so if anyone can throw at me about:

1) What are they essential points I should know about the stock market , that I can build a strong base to the market ?
2) What are the key points that I look at when looking for a stock?
3) What percent of my income should I put in stocks ?
4) Being international how can I benefit from overseas stocks ?

So if anyone was welling to throw any info or knowledge on me that would be great . Thank you

]]> By: Dividend growth investor http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-7458 Dividend growth investor Thu, 03 Apr 2008 17:08:44 +0000 http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-7458 To me the first million would be easy to achieve. I would start with a billion i would have to lose 99.99% which would be super tough. If I could certainly lose 99.99% with a strategy, then playing against the opposite strategy would yield a huge gain.. To me the first million would be easy to achieve. I would start with a billion i would have to lose 99.99% which would be super tough. If I could certainly lose 99.99% with a strategy, then playing against the opposite strategy would yield a huge gain..

]]> By: Jonathan http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-5062 Jonathan Wed, 30 Jan 2008 14:22:11 +0000 http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-5062 Totally agree Pinyo the first million is the hardest. What you have shown is how easy it is to accumulate more money once you already have a lot, ah the joys of compound interest! Totally agree Pinyo the first million is the hardest. What you have shown is how easy it is to accumulate more money once you already have a lot, ah the joys of compound interest!

]]> By: Pinyo http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-3135 Pinyo Sun, 23 Dec 2007 15:35:25 +0000 http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-3135 @Fiscal Musings - Great point. Please take a look at <a href="http://www.moolanomy.com/348/building-diversifying-and-shifting-your-income-streams/">Building, Diversifying, and Shifting Your Income Streams</a> to see more ideas about income building. @Fiscal Musings – Great point.

Please take a look at Building, Diversifying, and Shifting Your Income Streams to see more ideas about income building.

]]> By: fiscal musings http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-3077 fiscal musings Sat, 22 Dec 2007 07:50:04 +0000 http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-3077 I think it's interesting that everyone is so caught up in the unpredictability of the stock market and the associated gains. There hasn't been any mention of other forms of investing. I understand that real estate is getting a bad rap right now, but the gains there can be quite good and oftentimes predictable. My point is that there are other options and it's not all that difficult to imagine 10% yearly returns. I think it’s interesting that everyone is so caught up in the unpredictability of the stock market and the associated gains. There hasn’t been any mention of other forms of investing.

I understand that real estate is getting a bad rap right now, but the gains there can be quite good and oftentimes predictable. My point is that there are other options and it’s not all that difficult to imagine 10% yearly returns.

]]> By: Pinyo http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-1879 Pinyo Tue, 13 Nov 2007 14:13:23 +0000 http://www.moolanomy.com/182/first-million-is-the-hardest/#comment-1879 @Amanda - welcome to Moolanomy and you're welcome :-) @Amanda – welcome to Moolanomy and you’re welcome :-)

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