millionaire

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I just came from the dentist to have my new crown fitted. We’ve been in a bit of a disagreement on pricing (and procedure) and I think one of the issues maybe a misunderstanding of the Millionaire Next Door. My dentist has known me for a while, he even knows I’m a millionaire. He thinks I’m loaded. While I’m trying to tell him, the hard time I’ll have finding the funds to pay for the root canal and crown (and dental induced migraine ER visit), he’s trying to sell me on getting all my filled teeth crowned (probably a whopping […]

The Millionaire Next Door and his/her money

 in Building Wealth / finances / millionaire  tagged Millionaire Next Door by
How I made 200K doing nothing 12
Sounds like a get rich quick scam, right? It’s not, it took a lot of work, sweat, patience and time before I got here, but I’m doing it nonetheless. I retired two and half years ago, haven’t worked for a single penny and today I have more money than I had the day I retired. It’s like magic (but it’s not). Doing nothing I lied, I’ve been doing something, I’ve been enjoying early retirement. I’ve found something I’m passionate about and it keeps be busy most day. What I’m not doing, and haven’t done for two and a half years, […]

How I made 200K Doing Nothing

 in Building Wealth / financial independence / FIRE / investing / millionaire / retirement by
screw-ups on my way to a million 6
Let’s put it out there, making assumptions is making an ass out of u and me. Mostly though, making an ass of out myself. On my way to wealth, I’ve made a few of them. Today in the series on Screw-ups on My Way to a Million: Making Assumptions. As you can guess, most of them wrong. Is making assumptions bad? That is a tough question. I’ve made several wrong ones but at the same time my entire path to wealth and my continued growth/stability of my wealth is premised on the biggest assumption of them all: The stock market will go up […]

Screw-ups on My Way to a Million: Making Assumptions

 in Building Wealth / emergency fund / finances / millionaire / retirement by
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In my last post I mentioned this was going to be a series. I’ve made a few Screw-ups on my way to a million. Today’s post is about investing emotionally. In other words, falling in love with your investments and the disastrous consequences associated to it. Different emotions in play It’s okay to get emotional when investing. When the stock is up I’m happy and when it’s down I get pissed. Can’t help it, it’s just another day on the job so to say. Investing emotionally isn’t okay, it can cloud your judgement. There are several ways in which you can get tied […]

Screw-ups on My Way to a Million: Investing Emotionally

 in 401(k) / investing / millionaire by
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You’ve probably heard it or seen it on a cheesy motivational poster: The road to success is paved with failure. I prefer to call them screw-ups as it seems to imply more of a duh!!-moment and lessons are learned. For two years now I’ve been writing about how I made my way to a million and how that eventually resulted in early retirement at 43. Today I’ll start a series that focuses on the screw-ups on my way to a million. We all know we learn from our mistakes (or at least should) so before you make yours maybe mine will make […]

Screw-ups up on My Way to a Million: Greed

 in 401(k) / investing / millionaire by
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If it’s your business why do you write so much it? No, my money is my business as in: it is my business business, it is there to generate our income. A modest income at that. My business isn’t running that well to be honest. The year I took the helm (the year I retired), SPY saw a high of $208.44, yesterday SPY closed at $209.28. In that time span we’ve also seen SPY drop to a mere $182. Since my business is build on a foundation of mostly SPY one might say we’re off to a rocky start. As any […]

My Money is My Business

 in 5 keys / finances / investing / millionaire by
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Stupid question right? Who doesn’t want to be a millionaire? The question should maybe be “are you willing to pay the price to become a millionaire?” If you want to become a millionaire  and are willing to do what it takes you can read up on the 5 keys to building wealth which will lead you to many other posts on this blog. Before you do that, the second key in my 5 keys to building wealth is about setting a goal and creating a plan. If you want to set the goal of one million and plan accordingly you […]

Do you want to be a millionaire?

 in 5 keys / millionaire  tagged frontpage by