A lot of people struggle to become rich or at least make enough money to create a nest egg for later use. I am not a millionaire but I have met a lot of them over the years and have even been able to talk to them about how they became millionaires and how they keep their money coming in.
One of the first millionaires that I was ever able to talk to told me that he became rich because he invested a lot of time and energy into it. He also stated that he became broke before he became rich. I never understood this until I became older and more curious. He was talking about all the time that he had spent to make it to the top. He invested a lot of money into projects that kept failing him. He then discovered that it was not about the money, but the way you spent and saved it. He spent years saving his money until he had enough to invest in a company that was already off of the ground. How much money did he spend? He saved up enough money by being tight when it came to everyday things and was known as a tight wad in his community. One advantage that he had was that he was never married and had no children. He spent approximately a quarter of a million dollars on this company and within ten years, he became a millionaire.
I also noticed that a lot of people who are millionaires have something that everyone wants. For instance, cars are something that most of us choose to live without. Investing in a company like this, could make you rich in no time. The problem with this all is that you would need to save up enough money to do so.
I don’t ever plan on becoming a millionaire because I have five kids, a husband, and too many bills to do this. Would I like to be? Of course, who wouldn’t?
After talking to another one of my friends who is not a millionaire but is pretty well off, she told me that she became this way by saving her money. She doesn’t splurge on things that she does not need. She does drive a nice car and lives in a nice home, but other than that she chooses to save for her retirement. Her line of work consist of doing private investigations and her husband is a lawyer. The two of them grew up in homes that did not have much and both of them worked their way through college. They have an advantage over a lot of us though, they both have an education but one that they worked for.
I met another guy a few years ago who lived in a two bedroom house but drove a Bentley. His money was all in savings and investments. He works but does it mostly on the phone. He had an idea when he was thirty years old and later he put it to work. He became very successful and he said that he knows that one day, he may not be able to have it all so he saves his money and does not invest in things that he does not need.
The question that a lot of people have on their mind is, can you become wealthy with no education. I think that you probably can but it would be difficult. The one thing that the three of these people have in common is that they all save their money.
Even if you don’t want to be a millionaire but you would still like to be wealthy enough to not have to worry about anything, the way to do it is to save your money and to not splurge on things that you do not need.