For years I thought I wanted to be a millionaire until it dawned on me that wasn’t true. What I wanted was the millionaire lifestyle. Perhaps that’s what you want as well. You probably know or know of a person who lives in a house they have owned for 50 years or more. That property has appreciated to now being valued at over a million dollars. That person is now a millionaire, but they may be living on a small pension and cannot do the things we associate with being a millionaire. So it’s not the valuation of your assets that is important. It’s the cash flow of having a million bucks generating income for you. If that cash flow comes from investments you don’t have to do anything with that would be called passive income. Now that’s the type of income I wanted and have worked for since I figured it out. How much regular cash flow would you like to have? If you had that mythical million bucks invested in real estate, the bank, other peoples businesses etc., a return on capital of 10% to 20% per year is possible. Would $100k to $200k be sufficient for you? Breaking that down to monthly works out at between $8k & $16k per month. Online, that sort of income isn’t out of reach, but you won’t get there next month unless you are already well on the way. You can get there in a year by being focused and consistent. Regards, P.S. The place to start is by setting up a simple business. For the investment of less than a single pizza, you can have all the information you need to make a start. Begin here . |