Reply to: how to become millionaire

[AtW]

Life is rarely perfect. The middle is good enough.

You said it Half-a-brain.

[sasguru]

Beginning of.

Life is rarely perfect. The middle is good enough.

[DimPrawn]

Buy a £500K house in a good part of London in the middle of a boom.
Simples.

HTH

Beginning of.

[sasguru]

Buy a £500K house in a good part of London in the middle of a boom.
Simples.

HTH

[hyperD]

Indeed, avoid sexy women, don't own or drive an exciting car, never visit exotic or interesting places that cost money, save, save, save, shop at Primark and Lidl.

Hmmm, I knew I was doing something wrong - thanks for clearing that one up DP!

[DimPrawn]

that has to be one of the best pieces of advice this year !!

Milan.

Indeed, avoid sexy women, don't own or drive an exciting car, never visit exotic or interesting places that cost money, save, save, save, shop at Primark and Lidl.

Do this you whole life and when you are a decrepit old fart, yes, you too might be a millionaire.

[DS23]

that has to be one of the best pieces of advice this year !!

Milan.

whs

[Churchill]

Hi guys,

What is the quickest way/ways for a 29 years old Senior DBA/Contractor to become a millionaire or multi millionaire?

Should he take pay cut and go for management position such as IT Manager etc? ( in another word working toward MBA and CEO?

Thanks!

Send me £150 and I'll send you a copy of "How I made it and how I made others help me!" by return post!

[milanbenes]

Get yourself on a £500 daily rate (to start and then move up), be flexible with location, watch out for new technology and skill up - save around 25% no matter what happens. If you can't afford it, don't buy it!

Don't get into debt - except a mortgage.

Steer clear of women who spend spend spend.

No flash cars.

Let some one else buy a round once in a while.

Then at 55 you should be set up.

that has to be one of the best pieces of advice this year !!

Milan.

[namnadasht]

Don't do what the non-millionaires are doing.

thank you!

[hyperD]

how to become millionaire

Don't do what the non-millionaires are doing.

[PRC1964]

Move to Zimbabwe.

[centurian]

How much is that discounted to present value?

Discounting the payments in at 3%, the 21-60 options works out at around 3 times the 0-21 option (about 19K when used as a comparison instead of 46K)

The underlying argument is still correct, but not as dramatic as it appears in the example, when you consider that the £100 payment in year 60 is actually a smaller payment (when discounted) than £25 in year 0

[Bagpuss]

I mean 1.4 million in 2041 probably won't be that impressive

[gingerjedi]

How much is that discounted to present value?

None, it's not that bloody easy!