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How To Become a Millionaire In Three Years

jasonlbaptiste.com

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Re: How To Become a Millionaire In Three Years

#41

Post by nhebb »

ErrantX wrote: post #28
jasonlotito wrote: post #5

Thanks for editing your comment and posting it. It's much nicer to read. And... > Raise Revenue, Not Funding Thank you, thank you, thank you. > Look For Something That Is Required Or Subsidized By Law I'd like to add that you should be careful about something that requires you to need constant permission from a third party. The iPhone market is a good example. While I'm not suggesting that you shouldn't develop for t…

On the last point: anything dealing with ISO, Quality Assurance or auditing for big bisnesses will sell well. It is a massively underdeveloped market.

I used to be a manufacturing engineer, and from the perspective of a potential buyer I always thought it was a massively saturated market.

Re: How To Become a Millionaire In Three Years

#42

Post by jseliger »

edw519 wrote: post #36
pragmatic wrote: post #15

Are you in fact a millionaire?

Excellent point. On the other hand, I know plenty of millionaires who never could have made a post like Jason's. Why? Because of how they became millionaires. Either they inherited, joined a family business, climbed the corporate ladder, held onto or flipped real estate, grew a conventional business in the perfect climate, or just got plain lucky. Better: Have you earned a million dollars through your own start-up >…

Most people don't become millionaires through inheritance, extreme income, and so forth; they become millionaires because they save more than they spend, usually by a substantial amount, invest widely, buy a house and keep it, and marry and don't get divorced. Stanley and Danko's book The Millionaire Next Door describes this phenomenon: http://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/d... and what wealth in America actually looks like.

Re: How To Become a Millionaire In Three Years

#43

Post by kiba »

jseliger wrote: post #42
edw519 wrote: post #36

Earlier quoted context omitted.

Excellent point. On the other hand, I know plenty of millionaires who never could have made a post like Jason's. Why? Because of how they became millionaires. Either they inherited, joined a family business, climbed the corporate ladder, held onto or flipped real estate, grew a conventional business in the perfect climate, or just got plain lucky. Better: Have you earned a million dollars through your own start-up >…

Most people don't become millionaires through inheritance, extreme income, and so forth; they become millionaires because they save more than they spend, usually by a substantial amount, invest widely, buy a house and keep it, and marry and don't get divorced. Stanley and Danko's book The Millionaire Next Door describes this phenomenon: http://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/d... and what wealth i…

That's a slow way of becoming a millionaire. People want to become millionaire the fast way.

It's still hard work though. However, you can probably combine the advice in that book and speed up the process of becoming a millionaire.

Once you get to that, I think you can live off a 3 percent interest. That's 30,000 dollars. I am pretty sure you can manage that if you live like a college student.

Re: How To Become a Millionaire In Three Years

#47

Post by patio11 »

Just a quick semi-meta comment: if you have a comment which you put a lot of time into and which resonated with people, strongly consider blowing it up into a blog post. It may be irrational, but the perceived authority of 500 words wrapped in an attractive Wordpress template murders the perceived authority of 500 words appearing at the third level of indentation on this page.

I like to think that I've written some fairly useful stuff here over the last year or so. To the best of my knowledge, none of my comments has ever gone to Slashdot and the New York Times, but the comment that I turned into a blog post about programmers and names just did.

Your own blog is also a little easier to cite in resume-type situations. (Hypothetically assuming I were to seek funding, I have at least one HN comment that I'd point to to say "Read this, it is strongly indicative of the future success of the business you are about to invest in", and that is a little quirky.)

Re: How To Become a Millionaire In Three Years

#49

Post by MaysonL »

edw519 wrote: post #36
pragmatic wrote: post #15

Are you in fact a millionaire?

Excellent point. On the other hand, I know plenty of millionaires who never could have made a post like Jason's. Why? Because of how they became millionaires. Either they inherited, joined a family business, climbed the corporate ladder, held onto or flipped real estate, grew a conventional business in the perfect climate, or just got plain lucky. Better: Have you earned a million dollars through your own start-up >…

Better yet: have you earned that million by creating many millions in value for your customers.

Re: How To Become a Millionaire In Three Years

#50

Post by runT1ME »

ErrantX wrote: post #32
ryanwaggoner wrote: post #31

Earlier quoted context omitted.

In the context of "how to make a lot of money in a short time period", volume is pretty much the key differentiator.

Thats exactly what I mean. Jason may or may not have a million - but he understands how to make wealth. This is possible to scale to meet the timeline as required.

what? It means everything. Selling lemonade from a stand can be profitable, but the skills required for that to be successful in no way transfer to running a company that sells to every grocery store in america.
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