Everyone in their 20s wants to be rich (note: we’re defining “rich” as $1M+, Felix Dennis will disagree). Ask any male who is in the 20-29 year old age bracket and you’ll find becoming rich is the number one goal in their life 9/10 times. The reason why they won’t get rich is simply because they lack patience and believe they are smart. Here is the trick to becoming a millionaire by 30 (+/- a couple years for safety).
“Spend 12-16 hours of every single day making money and dollar cost average into VOO (ticker)”
1) Make Money 12+hrs a Day: If you really spend 12-14 hours a day making money you’re going to be hard pressed to burn it aren’t you? Your savings rate will increase dramatically by default.We don’t do many posts on becoming frugal because it is a scarcity mindset where you are thinking in terms of cutting costs (saving $100 a month, really?) rather than making money (if you make $100 you didn’t spend $100 during that time frame). In short, even with the demographic that reads this blog, 99% of people will not be able to earn money for 12 hours a day for 5-7 years. This is not a knock on anyone reading the post, it is simply the truth. They will get “tired” they will “need to blow off some steam”, in short, they will need to spend their money to maintain their happiness levels. They’ve already lost.
2) Don’t Predict the Market: Everyone thinks they are smart. Once you realize this, you stop trying to predict the entire global economy and simply dollar cost average. You will *generally* see 5-9% returns over the long run (nothing is guaranteed), but in simple terms “are things going to become more expensive?” if you answer yes (you should answer yes based on 100+ years of history) then all you need to do is buy inflating assets (stocks).
Until you no longer have to work for a living, you cannot break either of these two rules. If you are Financially Independent (FI as the nerds like to call it) then you can dabble in higher risk items. The end.
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In 100% honesty it is taking the will of a thousand marine soldiers to avoid clicking “publish” after the end of the previous paragraph. Why? It really is that simple.Instead of clicking publish lets go ahead and look at all the foolish people who will try and break these rules. No apologies if you’re in this camp because you’re going to pay the price of losing money which would be much worse than accepting the two strategies above.
Market Timing: Any seminar that explains how you can time entry points into stocks, bonds, houses, options, foreign exchange, derivatives, or otherwise are all the same. Get rich quick schemes to steal money. By reading the previous two sentences you’ve eliminated 95% of the marketing gags on the internet. There is no system, no person and no calculation that can predict price movements in advance. Period.
“But so and so has done it 20 times in a row!”
Great. Go up to this Oracle and ask him “Can you show me all of your transaction records for the last 5 years”. Anyone can show 20 clean breaks and no one will hand you their information. Move on.
Finally, how can you be certain? So sure no one can predict market timing?
Easy. The value of knowing market timing for certain is north of $10 Trillion dollars. That is not an exaggeration. If you can predict the timing of any market, on a daily, weekly or even monthly basis… The first thing you do is shut your mouth. You quit your job and you hide in a tax free jurisdiction to trade an account. You borrow at any rate imaginable (10%+? who cares! give me the debt!) Why? If you can predict the turn of a security in that short of a time duration you’re going to make 10x the return immediately on an option (Puts or calls). In fact if you know a single security is going to move by 10%+ within a day, you should quit everything you’re doing lever up, and go all in. If it’s really that easy you’re rich by the end of the day, not month, not even a year.
You’re certainly not teaching seminars. You’re in hiding to protect your algorithm and backside. Don’t skip on the high end body guards.
Work Life Balance Personalities: These people never get rich. This breaks rule number one where you believe that you’re entitled to $500K+ a year without working more than 40+ hours a week (Gotta be able to make happy hour!). In addition? The fact that the person believes his career isn’t fun and is “hard work” tells you he won’t be any good at it in the first place.
If you decide to take the work life balance approach you should get a job at a start up. Why? You’re putting your fate in the hands of luck and this is the only space where you will have a shot at event driven income without putting in the time. Blind luck!
If it works? Great and more power to you, just don’t become delusional and believe you can earn a high income without the aspect of luck and a mediocre 40 hour a week work ethic.
The Rich Think Alike: If you don’t believe that rich people think alike, and would largely agree with the two premises listed above… You need new friends. Why? They are broke.
The odd thing about life is that the law of attraction does work when it comes to money. If you find one man who made it to a million dollars by 30ish, you’re going to find a startling fact… In his phone is the phone number of every other student in his class who cleared $1M+ in net worth by the same age. To get rich you’re going to operate like a rich person, which means your friends are going to be rich as well. Simple as that.
Unable to Earn: The classic lazy person. They will claim that their only source of income is their job/career. Unwilling to reinvest in themselves and find skills that will pay immediately they try to squeeze pennies out of a flat-lining income stream. Similar to your friends who are unwilling to work over 40 hours a week and dollar cost average… You need new friends again.
Before the comments become filled with “bragging” type complaints here is a short list of skills you can learn that will pay immediately if you simply put in the time (you can even do some of these at work when your boss is not looking)
1) Copy writing (can be done in an office)
2) Affiliate Marketing (can be done in an office)
3) Fix electronic devices (if you’re slick you can do this at work as well – eventually hire outsource)
4) Paid for services on Fiver/task rabbit (eventually outsource).
These tasks can be completed off the clock with ease.
Pretty simple, lets assume you only make $20 an hour? If you add 20 hours a week times 52 weeks a year… that’s $400*52 = $21K in cash savings.
Guess what? If any of the above take off, they are scalable. You can simply spend more ad dollars and scale your marketing business or you can change your rates to higher end consumers etc. You’re building another stream of income. It’s not passive income yet, but the $21K sitting in stocks/bonds certainly is.
Avoiding Bad Information: Lets assume you believe this entire post, entire blog and entire opinion is BS. That is fine. In that case make your life a million times easier by using simple logic.
“Is this person actually rich and happy?”
This logic makes complete sense. If the person has what you want, listen to them. If they don’t have what you want, they should be ignored. You’re going to meet many people who are older and supposedly wiser than you are (if you’re 30 this is the 40+ gang, if you’re 20 this is the 30+ gang) but don’t take what they have to say at face value. Do your research. Is this person rich? Did he succeed? If not his advice should go directly into the trash. Smile and nod. Smile and nod.
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As a signing off point, this was a painful post to write. It was not meant to come off as demeaning angry or unhappy yet if you read the post it still does.
Why is that? It is depressingly true. The only way to get rich (relatively rich!) is to GRIND.
Look around you. Anyone who is 18-20 years old can simply read this post act on it and become financially independent within a decade!!!!!
Yet… 99% of people won’t do it. Lets repeat that… 99% of people won’t do it.
Hopefully for every 100 people who read this post at least two people will get the message. This would double the number of rich people!
You guys really need to give up on point number two. I have worked in financial services for over 20 years and through my entire career the one thing that stayed constant was clients asking for outsized market returns. No matter how smart they are or aren’t they want to do better than the market and they think they have an edge. There is something about human nature that makes people believe they can do this and it’s not just the poorer clients (under $1M) but the high net worth people ($100M+) who really still have a need to gamble their money away.
$10M lost in a day? Seen it.
Retirement savings lost? Seen it.
One home run stock followed by a 90% loss? Seen it.
The blog is great but #2 is simply human nature, better to convince people to work hard becuase even the smart ones think they have an edge. Just calling a spade of spade buds.
That is depressing to say the least. Have to try though, no other way to prevent people from making the same mistake over and over again.
As long as the truth is out there, it is a lot easier to sleep at night.
You get a bit of a filter effect. The guys like me that are totally happy with putting all of their money into vanguard VTI ETFs and such are never, ever, going to talk to these financial service firms. The ones that listen on #2 are boring and don’t talk about it, because there isn’t much to it.
#2 is a relief, you don’t have FOMO about the market anymore.
Yep. The funny part is the guys who get a 5% outsized market return on their paltry $100K portfolio (ie: $5K) and spent 10+ hours a week researching and following the market diligently…
Practically equal to minimum wage
They’re also building a skill that might be much more useful when their portfolio’s are 1Mil+.
Will go ahead and disagree. If you build a $1M portfolio your income should be at least $700K+. So managing your money for $50K becomes a waste of time again.
In short it’s a easy way to tell if someone lucked into their money or not.
If they are worth $1M but are still trying to make “5% outperformance gains” they are not successful in their real career/business. Again by the time you are *worth* a million your cash flow on an annual basis should be $700K or so unless you were a strange frugal person who saved every penny for years on end.
There is a significant difference between making a million and scrimping to a million. If you can’t tell the difference we just gave you the answer.
I’m with you on this one WSP. All through college I was chilling and getting B’s off “natural talent”. Lost so potential on not building up work ethic and now I’m trying to catch up. Should have realized sooner that the cream rises to the top and that happens only by grinding. Nobody told me, and learning it for yourself is a painful discovery.
One of the challenges for me? Cutting out the idiots and finding quality information/mentors to work off.
A book that really helped me get into gear is The Success Principles by Jack Canfield.
Thanks for the post.
Good luck on your journey! Don’t make the mistake of many and burn your 20s chasing girls and gambling on the stock market.
Could not have come at a better time, Just turned 18 a few days back.
Got the idea of starting a journal from you guys, been doing it for a month, and already seeing a jump in the productive time I spend in college , and learning extra stuff on the side.
Thanks for the killer post , and the ass kicking blog !
Glad you see the point!
The funny thing is people won’t listen. People really believe they can beat the market with their $100K trading account and don’t even have the skills to make a million bucks?!
Find a career with leverage (sales/equity) and you’re going to be sitting pretty in 10.
Great post – concise and obvious.
A lot of this hinges on finding the right ‘career’ as soon as possible. If you enjoy it, you’ll work hard, embrace the grind, get better, earn more, and it becomes a positive cycle moving up and to the right.
If you hate your career or job, you’ll spend countless hours being miserable and spending to find the solution to your misery.
Do everything you can to find a career as soon as possible in your life. Don’t make the mistake of looking around at 35 realizing your career and your investments are going no where fast.
Yep. It seems obvious but men tend to rationalize their choices. They choose the “easier path to money” thinking that it will work.
Never does.
All they are doing is mentally checking out by saying “well everyone *must* hate their job so I’ll just do one with lower hours”. Guaranteed road to failure.
Do you recommend somewhere to learn more about Affiliate Marketing?
In that space, similar to any space really, you should find a mentor instead of looking for a book or scam product to learn about making money online.
To help, generally most of the top marketers are in Southern California/Florida.
Hi. Felix Dennis won’t be doing any disagreeing with you – he checked out in June. But he’s still planting his forest in the English Midlands from beyond the grave.
Yes we know, he would classify $1am as working poor or worse though.
how do you guys deal with burnout?
happens after a few years after working all the time like you described.
The best way to avoid burnout is to work with people you like.
$20K bonus difference for working with a tyrant is not worth it. Learned this the hard way.
any other advice?
and how to recover from one?
makes sense, unless you’re getting a better learning experience along the way too.
That is honestly the only thing to do to prevent burnout.
If you hate your career you will burn out anyway so avoid that at all costs as well.
Finally, you can’t burn out until you’re at least 35 otherwise the person is simply lazy.
True, but a lot of young 30 something guys burn out after working in finance… The hours and stress are not kind to one’s age
This is generally a myth propagated by people who haven’t worked in the industry. Not saying this is you but that is the case 90% of the time.
The people who look terrible at age 30-35 in finance are usually the poor performers, hey are stressed out, working longer to catch up and generally in bad positions politically.
The ones who survive, make more and are well entrenched usually look younger than their actual ages.
That was quite insightful. Thanks.
Avoiding Bad Information: You’re going to meet many people who are older and supposedly wiser than you are (if you’re 30 this is the 40+ gang, if you’re 20 this is the 30+ gang) but don’t take what they have to say at face value.
I have to say this has been the biggest epiphany, enlightenment, for me this year. Giving a 30-40-50 yr old the benefit of the doubt for knowing things you don’t/having qualities of success and trusting them to help you get there- total waste of time. Just because they’ve been out of college for 20-30 years in the real world doesn’t mean they are worth listening to. And, I’ve even found quite a few rich people to have gotten there out of luck/associations. They are often a waste of time too.
On point. If they didn’t earn it themselves what possible advice can they offer? They didn’t succeed in the first place, eject from the conversation as soon as you can and don’t reach out to them for financial help.
In this ZIRP environment, is it even a good idea to hold bonds if your late 20s? At near %0 interest, I don’t see anything positive about keeping money in bonds. You either lose money as interest rates go up, and interest rates cannot go any further down so it’s harder to make a gain.
Or am I missing something? Currently I just have my money in international and US index funds.
Only own bonds if
1) you cannot stomach a 30% decline in the equities market
2) you have enough money to never work again and are protecting the principal
Otherwise there is no point in the current environment (opinion, not legal or binding or in anyway financial advice)
Follow the plan above: work 12 hours a day at minimum earning money, dollar cost aversge into VOO you’ll likely be well off in a decade (opinion)
How do you like that 3.06% yield as of today? *Sarcasm* Should I jump into equities at this point since I’m getting 30% returns on bonds every year and equities are down? */Sarcasm*
Continue to censor the truth that bonds are vilified for all the wrong reasons and provide more buffer and opportunities for capital appreciation to people who want to make a retirement account and not an “investing” account.
Cool if you’re making mowny off bonds go for it!
If 90% voo and 10% cash is good enough for buffet, it’s good enough over here!
How does #2 work for aspiring hedge fund associates? Obviously investing at the hedge fund level is a totally different ball game than investing at the personal level, but you still need to have a better answer to the “What do you trade in your personal account?” interview question than “I just DCA into VOO.”
It is illegal for them to ask for *access* your personal trading account.
Pitch a stock know the company be confident.
Unless you are financially independent you’re not smart enough to pick stocks otherwise you would already be… Financially independent.
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Side note, her is how you get into a hedge fund:
http://wallstreetplayboys.com/investment-banking-to-a-hedge-fund-you-got-what-it-takes/
They cannot legally ask you to hand over your personal trading account information so you’re in the clear (you will be tracked after obtaining an offer, but again they cannot make you show your PA to anyone in the firm excluding compliance – who also cannot legally share your info). In addition, you’ll be restricted on what you can buy so if you get into the habit early it won’t matter in the long run anyway.
I recently discovered this site and I’m enjoying every article and learning much from the comments. I’m 40 years old and work in equipment financing, got a non-target MBA, went to a non-target Undergrad school, BA Psychology, yada, yada, yada. I’ve carved out an ok niche for myself within the industry as a credit analysis professional, but I don’t see myself progressing through the ranks. I’m currently looking into masters programs in either real estate or taxation. Understanding that being in my 40’s is now a detriment to breaking into anything high finance, Ive decided to look at other industry opportunities, hence the RE and Tax routes. In fact, I’m doing the grind now. Taking night courses in tax preparation and plan to work at a tax prep firm and prepare returns in my spare time. I live in western NY but want to get back into NYC where I was for 14 years. Honestly, I never should have left. No decent job opportunities in upstate NY.
I know most of your readers are probably younger than me, but I welcome any of their advice.
Thanks for reading.
On a glance, at that age education is certainly not the answer.
Use your background to start a business that can be scaled instead (opinion).
Thank you for the feedback. I’ve tried thinking of what I could do with my credit analysis background but for some reason I can’t come up with any business that would work. This is something I’d need some help on to generate ideas. Any resources you could point me to that might help?
We don’t know you or your skillset so we would be of no use to be honest. Not going to give you bad information.
Understood
Speaking from a semi successful guy I totally agree with your 2 points. I got about 500K in vanguard accumulated over the last 10 years + real estate to tip my net worth over 1 mil. Nothing impressive considering I am 43 y/o.
But to reconfirm your point to the youngsters I probably lost out 100k trying to time the market after ’07. If I had stuck with my dollar cost avg I should have a 600k portfolio now. Also I got lazy and want to chase girls. No regrets but probably could have add another 300k if I hustled.
Glad you point out that hedge fund is a scam. You wonder why money manager buy up real estate and expensive art if their own fund is such a “sure thing”.
Sounds good, we removed your email.
Also we never said hedge funds are a scam.
Does the part about other revenue streams apply to somebody doing an analyst stint in IB? Sure you are already grinding but you are paid on a salary with a range bound bonus. What are some doable additional income streams when working 80-100 hrs week?
1), 2) and 5) listed above are all doable.
You’re only really working 50 hours a week, the other 30 hours you’re in down time so get creative instead of refreshing sports pages over and over 😉
Amazing article as always. However I’m in a strange position. I am 23 but have a few million from family money. I am starting my career in Sales, and have a great work ethic. But I am constantly thinking that I should be thinking of investment opportunities or starting up my own business. What do you think I should do? Work hard during my 20’s? Build up my Sales skills and start a new business when 30? Any advice would be appreciated ! P.S, my goal is to create great wealth say that of 100 million.
If you have the skills you need to start a business you should start one starting yesterday.
Do not blow your money, ie: don’t touch the principle ever.
Take the bare minimum needed to survive, create motivation for yourself by living solely off what you make ony the business.
99/100 You’re not going to get to $100M working for someone else.
I’m hesitant as in your previous article you said that you need experience to set up a business. I have none. Shall I become and investor or hone a skill? I just don’t want to make a mistake and am willing to work my balls off.
The best risk adjusted way to get rich is through a business.
Ie: hone a skill.
Even if you become a phenomenal investor a few million bucks is not going to turn into $100M any time soon.
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Look around you, the only way to generate real wealth is with a business. We suggest you read the book recommended in this post by Felix Dennis.
link to post by felix dennis?
First link first sentence.
What is your opinion on being a highly paid independent contracting wage worker?
I get paid well over 100K as an independent contractor. My buddy committed to his company, made partner, and now is on the board of directors and make twice as much as I do in addition to benefits.
With my salary and freedom, in theory I can live over seas for 3 months a year and work in the US for 9 month. But the fantasy of living in Thailand or Eastern Europe is confronted with the reality of having no friends or family over there. Also, just to be honest I am envious of the money my friend make and the luxury he can afford.
But one final point, although it is advocated to build your own business to be rich, when you narrow it down to location independent business you really limit your options. A lot of business succeed because of advantage in local knowledge, network, contact. So, my question is, should I just be content with my situation, enjoy my freedom, and wisely save and spend my above average income?
Not sure what your question is to be honest.
If you don’t want to be rich then keep the $100K and enjoy life.
If you want to be rich, you’re not gonna get there with $100K a year.
How do you see real estate as a career option?
Can the income be scaled via leverage (ie: are you selling large estates?)
If so yes, if not… No. We have a post on careers friend!
Hello, whats your opinion about Vemma (mlm)?
if its good idea for 20years old guy. Thx you
Do not know what it is.
#2 is ridiculous – you are saying it because it benefits your job.
99% of men should never buy stocks because the only
people who make out are a small group of insiders
working off inside information
3 multi-millionaires I know will never buy stocks if you held
a gun to their head. They put excess $$ in dirt (real estate)
An entire generation (Baby Boomers) got wiped out and
will be working past 70 because the Kosher media said
to “buy stocks” and “diversify”
What happened to those 401 K’s
What are you talking about?
If you never sold your stock you’re up. Just pull up a stock chart of the S&P 500.
Again don’t listen to us listen to warren buffet.
WSP, what is your opinion on investing your full $17,500 into a Roth 401k (after tax, maintain no-penalty access to principal from day one) vs going all-in with a pre-tax traditional 401k where your money is tied up til 59 1/2?
I’m including my email address in case you prefer to answer privately:
[mod note do not post your email on here publicly, not safe for you. We have a post on 401K. Long story short, it won’t make a material difference]
Thanks
If you make 200k/year and get married to someone making 150k a year, isn’t that a more relaxed way to get rich as well?
Gaming can be fun, but it is financially draining as well. Also much harder to do if you aren’t super social and/or jacked in western countries.
Why would you risk half of your assets for nothing?
I agree that a girlfriend, not necessarily a wife, who supports you (takes care of shit you don’t want to do aka cleaning, cooking and gives what you want: sex) is worth it.
No time wasted on gaming chicks and more time invested in where it matters.
You aren’t risking half if she is bringing in basically what you are bringing in.
Only risk is if she decides to stop working.
Sounds like you’ve made your decision already.
If so we have no idea why you’re paying extra in taxes to the government to be legally married.
At high incomes, you pay more in taxes legally wed than you do both filing single.
LolZ! You guys are too nice, no chick making $150K when the guy is making $200K is attractive. She’s usually the same age and will hit the wall quick.
My dad essentially did what was described here and was a millionaire at 35. My major criticism of his otherwise stellar example is that at 20 he was very healthy and at 35 he was very unhealthy. The result of working at a desk 6 days a week for 15 years. I don’t really know what “work-life” balance means to everyone else. Partying? Drinking? For me it means the gym. I am eager and willing to work 60 hours a week (I’m in university now and about to start my career in accounting), but I need to get in about 15-20 hours of exercise/gym every week. If that reduces my weekly workload to 55 hours then I will stomach it because all the money in the world can’t bring back my dad’s health and I have no interest in making the same mistake.
How did your dad’s health deteriorate?
My father was the same way, CEO of a private company by early 30s pulling in a nice $500,000 salary plus bonus, but awful health. His idea of exercise was walking a few miles every other day. Not really what a lot of us would consider exercise.
However, you’ll never out-walk a bad diet. If you’re working 80-100 hours/week where you can’t make it to the gym, just keep your diet in check. No, you won’t become Arnold, but you won’t blow up or end up with other ‘lifestyle’ diseases that are caused by shitty eating habits.
This is basically the trick.
1. Live close to a gym
2. No bad food/drinks
Under no circumstances do you trade your health for money. That is the exact same as tradig your time for money. A terrible idea.
Did you guys actually write this in the past?? Bonds, stock picking, really….explain?
http://wallstreetplayboys.com/7-return-profile-and-beating-the-market/
Love the blog though, quality stuff.
There is nothing to explain 99.999999% of people should just dollar cost average. If you are not sure how or why both posts are up then you should dollar cost.
We are not going to do posts on PE returns etc because most people who read aren’t even in the 7 figure net worth area yet.
I do dollar cost avg, just surprised you were advertising stock picking to gain ‘alpha’!
Also, RSS please 🙂
“Everyone thinks they are smart”, this reminds me a lot of Good Looking Loser’s “Work Harder, Not Smarter”.
Yes pretty similar.
If you’re smarter than everyone else, you wouldn’t be behind in the first place. Your brains would have put you ahead.
First of all, thanks for creating this blog. I have been pressed to find a self development site for guys that actually are educated and know their shit.
Quick question though, could you generally make more money by dollar cost averaging into a small cap mutual fund or index fund with a higher beta? Still diversified as opposed to individual stocks, but riskier than the market..
haha f*** you all I’m a trust fund baby!
no work for me 🙂
And how is this a good thing?
Great post! How would you recommend starting a copy writing gig on the side when working in banking? Interested especially in procuring clients and being able to create content under strict deadlines in the case of firedrills at the office.
Thanks in advance!
Thanks for this one. It’s brain dead simple, and literally all you need to do. You can calculate when you’ll be independent (conservative and optimistic ranges). Just work and invest. That’s it.
Yep. If you are working 60+ hours a week when you’re young in your career or business (note NEVER a job), you don’t have time to spend a ton of money anyway.
Then at ~30 you don’t have to work anymore. Just keep buying income producing assets.
Really is that simple!
Another fascinating, and hard-hitting post from you guys.
I’m approaching my 19th birthday, and I’m so glad I found these posts now, it’s the perfect kick start I needed to go that extra bit further.
One quick question I have (not sure if you’ve answered this in another post yet, I’ve only managed to read through about 15!):
For someone young, in the tech industry (so less knowledge on investing), where would I begin at a low enough level to practice and learn, but not risk too much.
I know it’s something I need to learn, and figured now is the best time to start.
I’m motivated to try a lot of things, and I’m hard working, but I’m struggling to get the initial push when my knowledge on investing is sub-par.
If you have any reading recommendations, or places to start, that would be greatly appreciated.
Loving the posts, looking forward to reading more!
In the FAQ and will have more announcements soon.
Thanks for the prompt reply!
I’ll be sure to check it out.
Great post guys!
Do you think it’s a good idea to work as an insurance agent on the side in addition to my full time job (investment team in a big reinsurance company). I just think I can stand out from the rest because I know how insurers invest their assets and it adds credit to my pitch if I want to sell insurance products to my potential clients. And it definitely helps sharpen my sales skills as well. Some sort of synergies here.
My concern is I won’t be really making money 12 hrs a day by being an insurance sales. What’s your take on that? Thanks.
“My concern is I won’t be really making money 12 hrs a day by being an insurance sales”
Aren’t you just contradicting what you said earlier?
Can you write something about ESPPs and RSUs. As a tech worker, I get 15% discount and can contribute up to 15% of my salary. Should i be doing the full 15%?
Just finding this blog at the age of 35. It’s too bad I didn’t find it earlier …but hey that’s life.
Unfortunately I’m guilty of many of the things you guys advise against (most notably chasing girls while your in your 20’s)
What advice would you give a single 35 year old guy who makes about 70,000 a year in advertising sales and has no savings to speak of as far as which way to pivot career wise. I have about seven years of sales experience and a good work ethic but not much else as far as assets.
Obviously being a millionaire by 30 is out for me, but I need to start somewhere at this point.
Thanks,
I think if you do what they said you should be able to retire by 45. Kinda sucks but it is what it is.