12 Steps to Become a Millionaire...the slow way!

[aptohosting]

12 steps to become a millionaire - MSN Money

Found this on MSN, how slowlane. Sorry if its a repost!

 

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[Analyzer]

I stoped reading at #1 :sleep:

1. Keep your eyes peeled for better ways to do your job. Streamline a procedure, shave costs, create a new profit center, become an expert on a specific topic, volunteer for a company committee -- anything that will make you stand out as a prime candidate for a promotion or a pay boost.

slowlane indeed

 

[verdoux]

Is the advice to "invest like crazy" REALLY such a good idea?

And is keeping it simple the same as not falling for "get rich quick" schemes? Seems to me like most get rich quick schemes are pretty simple (well, simple scams anyway). I guess that means I shouldn't create a company to follow through with the garybuseyonbusiness.com polar bear dye idea...

 

[mrshowtime3]

Definatly a horrible list.

 

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[MJ DeMarco]

Invest like crazy
9. Don't delay. The quicker you get a jump on putting money aside, the easier it will be to stuff a seven-figure cushion. If you start at age 25, for example, investing $286 per month will get you $1 million by age 65, assuming you earn 8% annually.

Yea, "invest like crazy" in great companies like Leaman Brothers, Enron, Worldcom, Fannie Mae, Bear Sterns -- great companies with great returns. Imagine putting 40 years of your life savings in these great investment vehicles where you'd be today!