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FINALLY! From Millennial to millionaire - - in 5 steps! (forget the fastlane)

shubham525

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I'm not sure if you're joking, confused as to where to post that kind of suggestion, or just truly think that a fastlane app would be so painstakingly awesome that you just NEEDED to tell MJ to create one while you saw him in this thread..

Regardless - I'm going to act like you just REALLY want the app.. SO I'm going to tell you exactly what to do!
giphy.gif

You be the cat. I'm the dude.

Your first option is downloading tapatalk which is an app that allows you to access this forum and many of the other forums all in one place. Boom. Done.

But maybe...JUSSSTTTTT MAYBE - you're like me and think that tapatalk's interface really shits the bed and you'd possibly even rather punch your mother in the face than have to use it... WELL it just so happens that you can put an icon right on your smartphones homescreen which will bring you straight to your mobile browsers version of this site!

I'm an android guy - and all that you have to do on android is go onto whatever site you want to be able to access with the tap of your screen, then go into your mobile browsers menu, and then click "Add to home screen".

If that's you in your image though, it looks like you have an i-phone - so I googled "how to add a website to an iphone desktop" and copied what looks like it made sense to me.

"Open the website you want to add to your home screen in Safari, then tap the "Share" button to open the Share menu. This button is located on the bar at the bottom of the Safari window and resembles a square with an exiting arrow; if the bottom bar is currently hidden, tap the address bar at the top of the window to display it. In the Share menu, tap "Add to Home Screen." If you wish, edit the name of the icon using the on-screen keyboard, and then tap "Add." Safari minimizes and your iPhone displays your home screen, with your newly added icon. This icon works just like app icons when it comes to repositioning or removing it."

Hopefully that will help you out, my kind sir.
Yeah I am like you lol, tapatalk has so much to improve.
I can't load all gold thread separately and all ,it always show error.
I can create icon in safari , its good.App is basically intended to provide stable connection even with a little low net connection.
An include rep transfer in app :)


Sent from my iPhone using Tapatalk
 
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Deleted21961

Guest
Now... A good point to remember is that a younger person DOES have time on their side and socking away money at a young age means a ton more than doing it later.
Well, that's not true. Time is thee enemy, for all of us. ;) Maybe not time itself, just death lurking over your shoulder every day.
 

Mac

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A dollar today will not be a dollar in 20 or 30 years from now. You should be saving up to invest in something that is going to make you more cash NOW.
 

Mac

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You lose control of your financial future when you rely on the stock market. Nobody can control the market.
 
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Deleted21961

Guest
You lose control of your financial future when you rely on the stock market. Nobody can control the market.
Yeah, but it is the same with money, which has value as long as people think it has, and you can't control that any more than the stock market.
 

MoneyDoc

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Wait....

By reading some of the most recent comments.. People actually think I was serious about this post?

My last sentence "And that ladies and gentlemen is how 95% of the population is rich" should've gave it away... I guess it didn't...

Anyways, to clarify again, I was NOT serious about this post. So please don't think I'm some stupid person.
 

Bouncing Soul

Silver Contributor
Read Fastlane!
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May 13, 2014
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Wait....

By reading some of the most recent comments.. People actually think I was serious about this post?

My last sentence "And that ladies and gentlemen is how 95% of the population is rich" should've gave it away... I guess it didn't...

Anyways, to clarify again, I was NOT serious about this post. So please don't think I'm some stupid person.

Most millionaires did get there in the Slowlane doing what you wrote in your first post...most first time millionaires are old too.

We here talk about a different path, is all. ;)
 

Camber

New Contributor
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Oct 9, 2015
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Reading posts like these help reinforce the key values of the fast lane.

Everywhere and all around you, there are people who ALL advocate the slow lane.

You have to look back and evaluate what the key values of the fast lane are.

Anyways, the point is... Fast lane not slow lane.
 
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Deleted35442

Guest
Millennials have a super-charged advantage in growing wealth: time.
It's the most important factor in what I call the prosperity formula. Savings multiplied by time equals wealth.

Millennials have it in spades. Here's how to use it.

1. Save early. Invest $5,000 a year starting at age 25. Boom! By 65, that's more than a million bucks. In fact, if you invest $5,000 annually during just the 10 years between ages 25 and 35, you'll have more than if you invested the same amount over 30 years starting at age 35. (Check out slide number 16 in this JP Morgan (JPM) retirement guide.)

2. Save a lot. Fidelity Investments studied investors who earned less than $150,000 a year but had amassed more than $1 million in their 401(k) retirement accounts. The key to their success was setting aside 14% of their pay into tax-advantaged retirement accounts. And that's before the company match.

"Save as much as you can, as early as you can, for as long as you can," advises certified financial planner Doug Flynn, of Flynn-Zito Capital Management.

3. Live below your means. To sock all that money away, you'll need to make sure you are living on 85 cents of every dollar you earn. Flynn says successful self-made people sacrifice early -- before marriage, mortgage, and parenthood -- so they don't have to sacrifice later.

4. Pay yourself first. As you progress in your career, you'll receive annual raises that can help boost both your standard of living and your investments. Put half of any new raise into savings and investments, and spend the other half as you wish. Over time, all that extra investing adds up.

5. No excuses. Always invest in your 401(k). Often companies match some of your investment. Never leave that free money on the table.

It's actually fairly simple if you follow these steps -- you will be on your way to millionairedom.

Source: http://money.cnn.com/2015/05/21/pf/...html?iid=ob_homepage_money_pool&iid=obnetwork
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And that ladies and gentlemen is how 95% of the population is rich.

95% of the population is not rich. This is the type of "advice" you'd see on Yahoo Finance in the early 2000's. Fidelity sucks. If you're willing to go a more hands on approach with your portfolio go with motifinvesting.com. You invest in "motifs" i.e., up to 30 stocks bundled together by industry for only $10 bucks. If you're really active/daytrader. Go with Interactive Brokers or Lightspeed Trading. The rest is crap. 85 cents on every dollar earned? I wouldn't do this till I have a million in cash-flowing assets. More like save 85 cents of every dollar earned.
 
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