21–30 of 84 posts
I suspect that for a lot of people here the answer to "are you a millionaire" would depend on how you're valuing the stock they own.
Yup. I guess I'm a millionaire on paper, in reality my bank account is negative several hundred dollars and all my credit cards are maxed out. Yay start-ups!
5 years at Google, plus living cheaply (at least as much as possible in Silicon Valley).
Mobile games, iOS in 2010, later on Android. Spent it on expensive RE though, so no longer in chequeing account.
The stock market, the only sure way of wealth creation in this century
FTFY
I used to work on a yachts. I've worked for billionaires and people worth hundreds of millions. The pattern seems to be they hire people who know what they are doing. They provide those people with resources to accomplish what they were hired to do. And, they stay out of the way. When I tell people I was a yacht chef, people often ask if the owners or guests tell me what they want to eat all day. In fact, people neve…
"What do you want for dinner tonight?" Not to have to decide.
Yes, just barely but in actual assets. Meaning, if you take a complete accounting of my net worth, subtract out debts and ignore options etc and count retirement accounts and stocks and so on. I make out to just above that number by a little bit. Not terribly impressive if you make over $100k/yr for 15-20 years, live below your means, pay off all your debts and own where you live. But I guess I've managed not to squa…
I made > $1M more than once. For me it's always been building projects/startups and eventually exiting. I repeated the cycle and got lucky enough a few times. Interestingly, I always managed to get some kind of liquidity event for each of my projects. This is important IMO. ALWAYS try to get paid. Don't just "shut it down". Each liquidity event added at least a digit to the price. For example, I sold my first busines…