I have been focusing on generating revenue relatively fast, to get to millionaire status in short order. However, I want all to understand that I'm not advocating get rich quick schemes. In fact I recommend putting in place some security measures, if you are able to, before or while you're pursuing the more fast tracked route.
What I'm talking about is putting in place a plan like what you'd find spoken of in books like The Millionaire Next Door, and The Automatic Millionaire. What is given in these books is a long term plan that just about anyone can implement that will put you on the path to millions. Compound interest is emphasised, so you know this is meant to take years, even decades. But don't let that deter you from implementing this kind of plan. It need not conflict with your more rapid plans. In a worst case scenario, your fast lane plans all fail, but you will still be able to retire rich.
You can learn more about the long term approach from the article series, So You Want to be a Millionaire
The Ring Solar Pathlight
1 year ago
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