Making it big..?

lessonlearned

Again you are right.

I too believe that money for money's sake is not a very worthwhile goal and simply making oodles of dosh should not be the primary motivation.

A drive to succeed is very different from a drive to be rich.

Whilst there is nothing intrinsically evil about money per se - it is after all only a tool and is therefore entirely neutral - it doesn't do to make a God of it.

PS Have you read a book called "Outsiders" - can't remember author offhand. Basically it's about the 10,000 hour rule. If you don't fancy reading the book just google 10,000 rule and it will explain it far better than I can.

It's interesting stuff.

lessonlearned

motorguy wrote: »

Oh aye. But for every Arnie (of which there are very few) there are probably a million people who dont make it (assuming there have been at least a million immigrants into the US?) - yet probably fundamentally followed the same method.

"/QUOTE]

Ah but that's my point. How many of us have that drive, dedication, commitment, work ethic, focus and sheer bloody mindedness to keep going.

I think very few people in reality could keep up the required momentum, which is why so many try and then fail.

From his story you can see that Arnie more than fulfils the 10,000 hour rule.

From my own experience of almost going bankrupt I can say that the fear of losing my home did help me knuckle down and focus on my goal.

I think the title of the thread "Making it Big" - is just a bit of a laugh really. Just like the Millionaire Challenge - it's just a useful headline to fire the imagination and get folk motivated.

At any rate I notice that the OP hasn't been back. He's either not that committed and doesn't want to learn or he is already out there getting stuck in…….

alex_p

It's good to think big and have big aspirations! It actually sounds like you are doing well for yourself already!

There are no secret formulas here, you need to work hard and have a high degree of risk tolerance. There is no safe way to become a millionaire otherwise every Tom, !!!!!!, Harry and their dog would be doing it!

I am also starting to do some research about making money online. I don't expect it to be easy or fast however.

motorguy

alex_p wrote: »

It's good to think big and have big aspirations!

Is it really??

Setting yourself unrealistic expectations based on fantasy is setting yourself up to fail.

Setting your aspirations to be pure financially based is not a way to be happy in life.

lessonlearned

motorguy wrote: »

Is it really??

Setting yourself unrealistic expectations based on fantasy is setting yourself up to fail.

Setting your aspirations to be pure financially based is not a way to be happy in life.

I think so - no point aiming low:rotfl:

Alex - I notice from your signature that you have cleared your mortgage. Well done you - that is a great achievement.

You are obviously doing something right.

And you are right, there are no secret formulas, just work, dedication and commitment. If it were easy then everyone would do it. And……of course, you do need to take the occasional leap of faith.

Good luck with your online ventures.

I have no pearls of wisdom about internet opportunities - it's beyond my ken. However, I understand that there are good business opportunities working on line so I wish you well.

Listerbelle

motorguy wrote: »

Im a bit bemused that all of us offering advice on how to become a millionaire arent.

So either

(a) dont follow our advice as it clearly doesnt work

or

(b) we're lazy?

My tuppence

Actually, you'd be surprised at what assets some of us have. Self made.

I agree with your points regarding a (high) figure vs a specific goal. Our goal has always been to be in a position that we don't need to work for money, nor really worry about finance.

Our path continues to meander, but we are getting pretty close to our goal.

lessonlearned

Great to hear that LB.

I agree the actual figures are in many ways irrelevant. For many, my DS2 included, it's about security and financial freedom.

And thank you.

I was beginning to think I was a lone voice crying in the wilderness - one woman against the forces of negativity:rotfl:

I think our young people should be encouraged to aim high and not be held back by fear of failure or negative thoughts and feelings of inadequacy.

I see nothing wrong with striving for a better life. And having a dream to fulfil and a goal to aim for is what makes it happen.

motorguy

lessonlearned wrote: »

Great to hear that LB.

I agree the actual figures are in many ways irrelevant. For many, my DS2 included, it's about security and financial freedom.

And thank you.

I was beginning to think I was a lone voice crying in the wilderness - one woman against the forces of negativity:rotfl:

I think our young people should be encouraged to aim high and not be held back by fear of failure or negative thoughts and feelings of inadequacy.

I see nothing wrong with striving for a better life. And having a dream to fulfil and a goal to aim for is what makes it happen.

Absolutely agree.

But that aim shouldnt be "to earn a million pounds a year".

As others have said it should be things like "i want to run my own successful business", or "i want to be at the top of my field" or "i want to be a company director by the time i'm 30".

I guess we're going to have to agree to differ here, but i definitely think it would be wholly wrong of me to be telling my son to "aim to be a millionaire" rather than to be the best he can and to decide what he wants to do in life and aim to do that.

And so far so good - hes just turned 20, in full time education at university studying a course that will put him on the right path for his career, has a part time job that brings him in close to £800 net a month and has just upgraded his car again to a rather nice BMW with a retail price of £12,000-£13,000 which i helped him get through my trade contacts for £9,000 - which he paid himself in cash from his own savings and through money hes made from his car changes in the past. Granted the car is more than he needs but he could liquidate it in the morning into £10,000 if he had to.

He also has a "plan b" career choice with the company hes with at the moment who'll take him on full time when he finishes university anyway.

To me THATS what we need to be telling our youth - work hard, dont expect hand outs, and set yourself stretch targets for your career aspirations - and dont be afraid to try.

motorguy

lessonlearned wrote: »

I think our young people should be encouraged to aim high and not be held back by fear of failure or negative thoughts and feelings of inadequacy.

Yes, of course they should BUT in schools today kids are taught they can be anything they want to be and that they deserve everything NOW - and then when they leave school and hit their twenties they get themselves into all sorts of debt with cars and credit card so that they can have some of the trappings of success that they've been told they are entitled to.

People need to understand their own strengths and weaknesses, discover their own aspirations for life, and then strive to be the best they can be.

motorguy

lessonlearned wrote: »

I was beginning to think I was a lone voice crying in the wilderness - one woman against the forces of negativity:rotfl:

I am not being negative - i'm being realistic about life.