Is it difficult to become a millionaire?
For example, through option XY but anything but the normal grind (run-of-the-mill training/job).
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Yeah, otherwise it would be much more people.
It is not impossible to become a millionaire with a normal income. There is no need for happiness or special skills, but only discipline, economy and time.
If you deposit an amount of over 500€ per month in a broadly scattered world index, you will be millionaire in 40-50 years. The more you apply, the faster you move forward. All you can do is accelerate even more if you can make larger sums aside in young years. The older you become the less time the money has to unfold on the stock exchanges.
If you then pay off a small property and convert your rent to a deposit and thus support the asset building, you can also accelerate your progress.
Even if the 500€ mtl are inaccessible, it still makes sense to put smaller amounts aside. I wouldn’t depend so much on this millionaire status. What brings you a life full of absenteeism if you are a millionaire with 70 and you don’t have real benefits from this money anymore. Even if you only make €100,000 up to the pension, this is a big sum that you can make your retirement much more beautiful.
No, not at all.
My father did it as an auxiliary worker when he made a number of overtime his life and saved him for 40 years.
Even I had a good training after the real school and worked up to the procure after the bank’s arrest and I was a millionaire with 40.
When do I count among the richest 10% of the total population in Germany:
· from a net budget of EUR 477,200 to this group.
· Under 30-year-olds you have already arrived at the top group with around 70,000 euros.
· The 30-34-year-olds already need 200,000 euros and the 35- to 39-year-olds need more than 300,000 euros to leave 90 percent of the peers behind.
In addition, I find:
· with 16 you should only have your pocket money
· with 18 you should have the money for the driving licence
· with 25 you should already have your first 10,000€ to 15,000€
· with 30 perhaps already his 40.000€ to 50,000€
· with 40 you should have your €150,000 to pay a property
· with 60 the property should be paid off
· with 67 you should retire with an additional €150,000.
This is quite conservative and many will even be clearly above that if one is reasonably successful in the profession.
The goals can be achieved much faster than alone.
I already had my first million euros of fortune and a paid house at 40. .
How to achieve that?
Just by working make career and save……
Or by happy heirs!
I had €25k in total with 29 years… lol
Well, I’m sure a lot more people would be millionaires. Most were just lucky / the right contacts etc.
From these “Come into the group “ Coaches I don’t hold anything if you mean something like that.
Money wants to be earned first and then you should make it smart. This usually takes many years. It’s faster only through inheritance, rich marriage or lottery. All the other abbreviations are associated with disproportionate risks or pure abscissa.
Of course it’s hard. If it were simple, everyone would do that.
Being a millionaire is difficult, yes, especially if you don’t want to take the normal path.
Jackpot cracking would be a way. Just need luck.
In young years invest well and broadly scattered.
If it were simple, then all people would be millionaires…