Joxmb
New Contributor
I'll try to make this short.
For example, I'm 18 and will be going to Dental University in 1 year and by the age of 27 ish I will finish school and be qualified in USA or 24 and be qualified in Australia. After reading the book I see this is slow lane but by 30 I could be earning 200k+/year and once I open my own practice, on average they make about 250k-350k/year. Obviously this will make me a millionaire but this isn't fastlane at all and I won't be able to live my life without working for atleast a good few years.
So in summary I know I could have (just assume this is fact):
-Almost 100% chance of $2 mill net worth by 40 (today's dollars)
-Almost 100$ chance of $4 mill net worth by 40 (today's dollars)
Now my question is, how much luck would be involved to beat these figures in the fast lane with business and entrepreneurship.
My passion has always been stuff involving business/money/entrepreneurship since I was little but obviously due to family and stuff they tell me to do dentistry because it is the best guarenteed money and I do enjoy it (out of any jobs I can think of) as I like working with my hands and like when people appreciate services I can offer. Then again in business I would enjoy it just as much and probably more due to the fact of possibility retiring at 30-40 (Is this too low, too much luck involved?).
Conclusion:
How much luck is involved for say something like building a successful business and achieving a net worth of $4 mill or greater by 30-35 or $10 mill or greater by 35-40 if I am now just freshly turned 18? Assuming willing to put in lots of work and long hours? I have no clue if I'd be good in business but I do know I'm good in school (which is no work for me which feels like I'm wasting my time, therefore came to read MJ's book to be inspired to aim higher) - which I'm sure school smarts definitely don't help in business.
For example, I'm 18 and will be going to Dental University in 1 year and by the age of 27 ish I will finish school and be qualified in USA or 24 and be qualified in Australia. After reading the book I see this is slow lane but by 30 I could be earning 200k+/year and once I open my own practice, on average they make about 250k-350k/year. Obviously this will make me a millionaire but this isn't fastlane at all and I won't be able to live my life without working for atleast a good few years.
So in summary I know I could have (just assume this is fact):
-Almost 100% chance of $2 mill net worth by 40 (today's dollars)
-Almost 100$ chance of $4 mill net worth by 40 (today's dollars)
Now my question is, how much luck would be involved to beat these figures in the fast lane with business and entrepreneurship.
My passion has always been stuff involving business/money/entrepreneurship since I was little but obviously due to family and stuff they tell me to do dentistry because it is the best guarenteed money and I do enjoy it (out of any jobs I can think of) as I like working with my hands and like when people appreciate services I can offer. Then again in business I would enjoy it just as much and probably more due to the fact of possibility retiring at 30-40 (Is this too low, too much luck involved?).
Conclusion:
How much luck is involved for say something like building a successful business and achieving a net worth of $4 mill or greater by 30-35 or $10 mill or greater by 35-40 if I am now just freshly turned 18? Assuming willing to put in lots of work and long hours? I have no clue if I'd be good in business but I do know I'm good in school (which is no work for me which feels like I'm wasting my time, therefore came to read MJ's book to be inspired to aim higher) - which I'm sure school smarts definitely don't help in business.
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