Raise your hand if youโre a millionaire?
Raise your hand if youโre a wannabe millionaire?
Raise your hand if you could care less about how many millions you have? (Stop it, millennials)
When I first started this blog, all I cared about was becoming a millionaire. I didnโt know how I was going to do it exactly, or why I even wanted to be one โ other than it just sounding cool! โ but it was something I deeply desired and I eventually started a club around it :)
Over the years of living this stuff, however, Iโve come to the realization that while having a million dollars is in fact nice (I mean โ itโs A MILLION FREAKINโ DOLLARS!!), whatโs even *nicer* is hitting financial freedom. Which could come at having a million dollars or come at having 10 million dollars (or even half a million dollars!), all depending on how much you spend โ the biggest factor of all.
(Quick calculation for you: multiply your *yearly* expenses by 25 to give you a rough idea of how much you need to reach this freedom, plus or minus some Gโs depending on how conservative you are)
Wherever you are on this path, though, celebrating major milestones is key so if any of youโve crossed that elusive million dollar status as of today, congrats! We celebrate in your honor as itโs National Be A Millionaire Day โ woo! A day to โthink and dream about what it would be like to be a millionaire.โ And one thatโs also apparently shared with National Bike to Work Day and National Quiche Lorraine Day too, both of which sound a lot less exciting, hahaโฆ
But while โthinkingโ and โdreamingโ is fine, any millionaire will tell you that *doing* is what gets the results. So if youโre keen on hitting this million dollars yourself, here are some quick ways to up your chances today:
- Stash an extra $20 aside
- Invest an extra $100 into the market
- Up your 401(k) contribution by 1%
- Sell a bunch of crap this weekend
- Earn some extra $$$ this weekend!
- Start tracking your expenses/net worth
- Pledge your Million Dollar To-Do List
Play the lottery
If you come back on Monday with just a few extra dollars in your pocket, youโll make me one proud blogger :) And even more so if you come back this time next year and youโre one of the freshly minted millionaires we celebrate with! How cool would that be??
If you need some more motivation to get you going, or just want to put off doing more work this morning, haha, here are other millionaire-inspired posts from over the years:
- 5 Simple Ways to Become a Millionaire
- 11 Tips From My Millionaire Friend
- Why Iโm Obsessed with Rich Habits
- Book Review: The Millionaire Next Door
- The Millionaire [Liar] Next Door <โ This is a crazy one!
- Proof Itโs Possible to Become a Millionaire
Good luck! And donโt forget that while the money is nice, there is a point to it all in the end. And itโs actually not about the money!
*****
PS: Found this old scrap from 2008 scheming my way to a million, hahaโฆ Fortunately weโre now only 11 years from hitting it according to CNNโs millionaire calculator :)
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Ha I love how you keep finding these old notes!
Financial freedom is definitely the ultimate goal!
Happy Millionaire Day to you J$! How are yo celebrating? Going for a walk and looking for loose change?
Financial freedom is the goal and piling up cash in saving and investments is a great way to get there.
A dayโs never complete without a walk :)
And speaking of loose change โ my kids the other day found 22 pennies and 1 dime while playing near a sidewalk! Was like hitting the jackpot for all of us! Hahaโฆ
I am so happy itโs Millionaire Day! I currently fall into the wannabe category โ but Iโm cool with that. Getting there is half the fun. And btw, you totally need to frame that scrap piece of paper! What a great story prop itโll be when youโre a cool old dude telling your grandchildren how you got your first million. Of course this will all happen on some chilly winter night in front of a fireplace smoking a pipe. Ha!
Great motivation for hitting The Job today. Thanks!
Smoking a pipe is on my list of things to try one day actually :) Maybe Iโll save it for that magical day indeed!
Growing up I never even thought about being a millionaire. A few years into adulthood I realized itโs actually quite attainable if you play your cards right and persist over time, and can be a wise way to reach FI. Your old millionaire to-do list is greatโI love finding old notes like that!
After reading blogs like yours and MMM, Iโve realized that I donโt even need a million dollars to never work again. Millionaire day sounds nice but itโs definitely not what I thought it was when I was a kid!
Haha yupโฆ Remaining a millionaire is pretty much doing the OPPOSITE of what you thought it was as a kid. If you go around spending your money on everything shiny youโre not gonna end up with anything left! :)
Today I took the step by finally listing some stuff on Craigslist and Offer Up. Iโve had the pictures in my phone for a month meaning to post them but never got around to it. But in accordance with the holiday I finally got around to starting to list them and hopefully clean out some space and reclaim some of that money weโve spent in the past.
BOOM! And the magic starts!
Todayโs the day I quit my gig because theyโve told me to complete some work for no pay. I have enough going on that I can just say no and walk away from them. That feels like a million dollars.
Damn girl, yeah it does!! Good for you!
(That changed with new information right as I was sending the email. Iโll quit when I return, unless they do the right thing,)
I said it on Twitter, but Iโll say it again. The โread moreโ is my favorite part. Regardless of what Vanguard does today (come on, GREEN!), I learn so much in the PF world that I know Iโm already better for it. Thanks for the Friday inspiration!
Iโm doing some reading and learning this weekend. I picked up the book โSteal The Show; from speeches to job interviews, to deal closing pitches,: How to guarantee a standing ovation for all the performances in your lifeโ
Increasing my presentation skills is an area that I need some work in and can certainly help with moving up in income and striking the best work/life balance as time goes on.
Oh man, I suck at that part HARDโฆ put me in a small group or one-on-one and Iโm on fire, but I hate talking to a crowdโฆ too much attention and not as much interaction :(
Send me over all your tips though once youโre done with it so I can learn! :) And then blog about it!!
Happy Millionaire Day to you J and all the โwanna beโ out there! I am there tooโฆworking my way towards a goal that I am not sure I will make but having fun trying.
I found a shinning quarter the other day on my walk and it felt like finding gold. Put that little baby right in my jar of found moneyโฆโฆtotal found money to date $3.75!
Bow chicka wha wha!
I love the old scratch pad calculations! Thereโs nothing like looking back to give you a reminder of how far youโve come. My guess is that youโre going to hit that cool million before 53.
Iโve thought about being a millionaire in several different ways over the course of my life. When I was young, I thought being a millionaire was just awesome โ having lots of money and nice things, woohoo! Then in my 20โs, my thought process shifted a bit and I began to think that having a million is NOTHING these days. If you truly want to live โgoodโ, then youโll need much more than that.
And today, I finally realized that accumulating a million bucks is completely unnecessary with the right lifestyle. If you live within your means, a million is probably *too much* โ though, it never hurts to have TOO MUCH money, so long as it doesnโt affect your lifestyle.
I love the notes youโve made, J โ and Iโm even more impressed that, even after all of these years, you still manage to find them! :)
Well, I kinda cheated and digitized it years ago for a post but hey! I still randomly found it today! :) And very much nodded in agreement with how youโve viewed a million over the yearsโฆ though with two kids in tow now I very MUCH need at least that if to retire, hahaโฆ
National Be a Millionaire Day and Bike to Work Day? I am and I do! Biking to work can help you become a millionaire a few dollars at a time.
Whoโs Quiche Lorraine?
Cheers!
-PoF
Hahaโฆ.
Happy Millionaire day! Celebrated mine back in Nov 2014โฆright before my 32 birthday! :) I gotta say, after becoming an M (I still donโt like to say โMillionaireโ because a neuron in the back of my head, always jumps up and down SCREAMING โshut upโ! All you friends will HATE you!โ), I donโt actually feel that different.
I mean, other than the fact that I finally got to quit my job (YAY!) and travel the world (Double YAY!), Iโm pretty much the same person. Part of me wants to shout out to to the world how ABSOLUTELY LIBERATING it is to live life on your own terms, instead of going in to a job you hate everyday, but a bigger part of me keeps thinking about how much my Millennial peers are going to HATE me. And reading your article โMillennials Donโt Want to Be Millionaires?โ kind of heightens that fear. Which is kind of sad because as Millennials, we keep getting beaten up over and over again by the other generations, calling us โlazy, entitled, and narcissisticโ, and I REALLY wish we could do something to prove our critics wrong. Iโm sick of the bad rap we get, and hopefully one day I can change that perception of us, and inspire my peers to become Millionaires. That is if they can stop hating on moneyโฆand me, by association, first.
Love it! Congrats!! And totally hear ya on not much changing lifestyle-wiseโฆ I reckon that will be the same for me too, outside of perhaps a little extra swagger in my step :) And itโll be nice to have a place where you CAN talk about all this too (here on this blog!) where people are much more supporting and eager to ask for tips/advice vs the opposite in the real world like you mentionโฆ People are just too quick to hate on things/each other. Probably good to keep it to yourself and just let it out whenever makes the most sense (like when people genuinely want to hear what you have to say about it so they can reach it too! Because thatโs the biggest loss with keeping it to yourself โ no one else learns!).
That old note is awesome! I should look through my old โgoalsโ book when I first started reading personal finance books
I remember the first season of Who Wants to Marry a Millionaire. After the show, the lucky bride was pissed to find out that the โmillionaireโ had a normal house, average car, and basically lived a relatively boring middle class life. He just happened to have amassed a million dollar net worth the way we all know its done: living simply and saving money.
Written notes and goals like yours are what separate achievers and dreamers, in my opinion, J. I wrote a note with a variety of life goals in several categories when I was 18, and now that I am about to turn the big 3-0, it is really fascinating to look back and see how those goals kept me on track. It is also interesting that several of them were WAY off target!
PLEASE TELL ME YOUโRE GOING TO POST IT ONLINE??? :)
I had no idea the fraud guy was featured here! Totally remember that saga unfolding on Yahoo! Thatโs nuts
Was the biggest trafficked article too that year! Felt real bad for the journalist because she got it off my blog and we all thought he was trustworthy :(
Love the handwritten list! I probably have 20 of those floating around. I love to list methods, and associated math, to financial freedom. Youโve inspired me to do it again :) Plus โ Iโm selling some crap this weekend!
Go girl! Please blog about all the nuggets you learn/doodle down too please! You know we love this stuff!
Phase 1: Collect Underpants
Phase 2: ????????????
Phase 3: PROFIT!!!!!!!!!!!!
Hahaโฆ.
Happy Millionaire Day, didnโt know such day existed. Being a millionaire is great but being financially independent would be even better.
Happy Millionaire day! As everybody above me stated, the value is meaningless on its own, what matters is how it relates to your goal. Iโm at 85%, yay!
Sweetness! thatโs killer!
11 years will go by in no time. Iโm pretty sure you will be a millionaire sooner than that. One of your ideas is bound to make it big. :)
BTW, it took us 14 years to become millionaire. Thatโs shared between two people, though. Does that count or do we need 2 millions?
It all counts as long as you both have access to it :)
I love your old note. I have so many floating around. Iโm working right now (from home) and Iโve got 4 different notes laid out next to me with similar things on! I like to look at them as they give me motivation! And to write down any ideas that come to me!
I want to see some of them!!
We are going out of town this weekend, so I wonโt be the one to make you a proud blogger. But I will set a few dollars out of my wallet into a safe space before we leave. I suppose that counts for something.
Great to see these old notes pop up and the assumptions you had!
It is indeed not about the money: it is about feeling good, being happy and having fun. De Free. Sadly, that requires some money.
I do believe intermediate phases ar possibleโฆ!
Hey this is awesome,
i really like your writing style!
Itโs so true people all want to be millionaires, but when you tell them it takes hard work or you will have to work 60-80 hrs a week and have no sleep, they donโt think itโs a good idea anymore!
My dad always told me, hard work will pay off and never give up!
Have a great day!
Haha true datโฆ Still trying to master the โwork smarter, not harderโ philosophy but man is it tricky to figure out :)
I just hit millionaire status earlier it this year. To be honest it was awesome, but I felt more satisfaction and accomplishment paying off my house early because it seemed impossible. Once I learned how to really invest and got everything in order financially I didnโt really feel much when becoming a millionaire because I expected it to happen. I still highly recommend it, but yes you donโt need a million to be financially freeโฆ. unless you suck at spending.
Truth bombs all around!
I like the idea of doing something like selling a few things this weekend.
I try to I still this in my kids by giving them my spare change on Friday.
โYouโre going into the weekend $2 richerโ! I tell them. Hope it instills something
Iโm trying to decide when our clock started on our journey. I started solo ten years ago, but we combined forces 5 years ago.
Plus Iโm hoping that the first M is the hardest/takes longest because I wonโt proclaim status til we hit $10M and thatโs gotta happen in the next ten years. Just cuz :)
Iโll be standing by waiting to hear all your secrets with each passing million :)
11 years closer to the dream, whoop whoop! I think I can handle that little bit of hustling over the weekend. Cheers to those already a part of the millionaire club!
Love the handwritten plans, I write everything down just like this.
My favorite part is to play around with the numbers and see what I can speed up.
โOk saving $$$$ has me retiring by 55 but what if I can save $$$$ instead..โ
Saving is Exciting!!!!
Well that may be the lamest yet coolest thing Iโve ever saidโฆ.
-KB
Sounds like a killer blog url to me ;)
I started keeping a financial โnotebookโ. I write in it every time I do something that moves me closer to the FI mark. (Okโฆso I am rather liberal with what countsโฆ reviewing the kidsโ 529s counts as much as paying an extra $100 to the debt monster.) Flipping through it helps keeps me motivated in the dry spells and reminds me when itโs time to review some bill or policy!
i love that!! Excellent idea!!
I wonder if you could frame that future millionaireโs work of art above and sell it on ebay to the highest bidder, thereby rendering your dream that much closer to reality?
Are you making an offer?? :)
I say your first million of the hardest million.
Canโt wait to celebrate as an actual millionaire! Yippee!
You know what J? It wasnโt that long ago that I was under the impression that having anything less than a million bucks would make retirement unsustainable for me, and you know what? When I sat down and did the maths, then made some realistic adjustments to how I live my life, I found that retirement can be quite comfortable for significantly less.
So I say Millionaire Day can also be Early Retirement Day!!
Agreed 100%! And I want to be the first person alerted on that fateful day you hit it, please :)
Just starting out on my journey to being a millionaire! Hoping to get there one day though. Started my own personal finance blog ourgrowingwealth.com for the ride!
That will help with staying accountable! Itโs one thing to work on your money by yourself, and a whole other when a community online is watching you too :) Hope you enjoy it!