How to be a millionaire by the age of 30

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Balstrome

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This is for those who have just started high school. If you want to retire as a millionaire by the age of 30, then you should just follow this simple suggestion. If you can manage it, I will promise that becoming a millionaire and being able to retire to a life that you want to enjoy, will be as easy as sticking a finger in your eye.
The suggestion is that you take English, Maths and Science, as subjects and keep getting above 80% in them for the rest of your high school career. That's is all, if you can manage this you will achieve retirement as a millionaire around the age of 30.
Of course those who do not, most probably will not amount to much, and will certainly be working for someone at minimum wages around the age of 40, not to mention that they will keep working until the maximum retirement age of 60+
So it's up to you, easy or hard..

(Yup, I posted this elsewhere on the nets)
 
Eh? How do you work that one dude? I know plenty people that did exactly that and some of them are doing ok others not, it's all down to your life choices and not how well you do at school? Certainly if you get those marks it opens more doors for you, however if you choose not to go through those doors...

So I could go back to school at the age of 35 get 80% for those subjects and then in 12 years time be a millionaire based on those results.. Show me the way!!!
 
If you are willing to learn how to work hard to achieve these goals, by the time you are ready for the working world, you will have developed skills that will greatly improve your ability to become a millionaire by 30.
Skills such as being well read, understanding logic, being sceptical, able to follow a train of thought, developing a path towards a goal, and being able to stay on course to that goal.

Further, English as a subject, will teach one about different concepts people have to deal with in their daily lives, through reading of books. Think of this as experiments that are done in a safe environment, where one can see and predict their outcomes. Read a story about a person who chooses to wrestle a grizzly bear and loses, is a simple lesson on not to wrestle a grizzly bear. In other words, one can see that this was a bad idea to try, and it cost nothing to learn it. Other stories and books, have much deeper lessons to teach. Also by focusing on a major language, one gains the thinking processes of other people who use this language. In the working world, one's first couple of managers, will usually issue instructions and explanations in English, so of course an understanding of the language is a must for the goal of 30 year millionaire. Simple concept, but one that is often forget or worse minimised.

Taking Maths, would develop the skill to find how to solve a problem, not necessary a numbers problem, but to learn a method of how to do this. What is common, what does one know about the problem, what type of answer should one expect.

Science will take this further, in the development of experimental systems and the refining of solutions. Along with creating an understanding of the physical world, how and why things work the way they do. Science is the place where one gets to test methods on real physical objects, as English allows testing on thoughts and behaviours of conciousness

It's all about gain good habits, which will make it hard for one not to become a millionaire by the age of 30. Gaining these habits creates in one the desire to reach such a goal, because over time it becomes obvious that reaching this goal with the skills that one has gained is simple.
 
I'm already 30 and not a millionaire :( At least my assets are about R750 000... but my debt is almost as much lol
 
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Balstrome are you willing to fund one of these "students" seeing that you are all so generous in sharing this secret with us, "it's kind of obvious."
 
Balstrome said:
Taking Maths, would develop the skill to find how to solve a problem, not necessary a numbers problem, but to learn a method of how to do this. What is common, what does one know about the problem, what type of answer should one expect.

Science will take this further, in the development of experimental systems and the refining of solutions. Along with creating an understanding of the physical world, how and why things work the way they do. Science is the place where one gets to test methods on real physical objects, as English allows testing on thoughts and behaviours of conciousness
Click to expand...

I'm nearly finished my MSc, and I am pretty broke atm :o
Although in principle I agree that what you mention could quite possibly contribute greatly towards a successful career, I'm not sure that they will guarantee you millionaire status by your 30th birthday.

PS: The National Research Fund has R0 available to fund scare-skills post-grad degrees at university on account of a large amount of money being reallocated for world cup use. So don't expect any bursaries from them if you want to study maths/science/computer science further.
 
Retiring with 1 million is pretty doff.
You need at least 40 million to survive on the interest, and if they keep dropping the interest rate, that amount is going to keep growing.
 
Retiring as a millionaire? You need to be a multi-millionarie if you want to retire at the age of 30.

Which definition of a millionaire are you referring to? Net worth or money in a briefcase? ;)

I followed the above principles and had a net worth over R1 mill by the age of 30. That's not much these days. :(
 
I'm over 30, I did take those subjects at school, had more than a million for a few years already, and can't retire.

Pretty much anyone who has owns a property is a millionaire.
 
I guess the situation is worst than I believed it to be. My point was aimed at those starting high school, making the statement that getting a habit of achieving high results in those three subjects, will make the goal much easier to attain. Of course it's obvious, but if it is, then why do people choose maths literacy and life skills. If you have an interesting to look at bank statement, then you certainly would know how to read it. In other words, your ability to make the statement interesting or have lots of money in the bank would be because of the hard subjects, like English, Maths and Science. Learning how to read a bank statement while at school sounds like a good socially responsible idea, but unless you have something to put in the bank to make the statement worthwhile reading, what is the point.

And thing, retirement, if it was asked of a scholar, what he would do when he retires, the answer would be something on the lines of Big Screen LCD, party hard. While a person who has lived a bit of life, would have a better idea of which wine goes with which course. So I suggest that work hard now, to learn what is the real good stuff to have when you retire

Lastly millionaire = not having to carry a wallet around. It's not a number but a lifestyle.
 
alf101 said:
I'm over 30, I did take those subjects at school, had more than a million for a few years already, and can't retire.

Pretty much anyone who has owns a property is a millionaire.
Click to expand...


Problem is, most people say they 'own' property, but in actual fact they are the caretakers of the property, which really belongs to the bank :)
 
Balstrome said:
I guess the situation is worst than I believed it to be. My point was aimed at those starting high school, making the statement that getting a habit of achieving high results in those three subjects, will make the goal much easier to attain. Of course it's obvious, but if it is, then why do people choose maths literacy and life skills. If you have an interesting to look at bank statement, then you certainly would know how to read it. In other words, your ability to make the statement interesting or have lots of money in the bank would be because of the hard subjects, like English, Maths and Science. Learning how to read a bank statement while at school sounds like a good socially responsible idea, but unless you have something to put in the bank to make the statement worthwhile reading, what is the point.

And thing, retirement, if it was asked of a scholar, what he would do when he retires, the answer would be something on the lines of Big Screen LCD, party hard. While a person who has lived a bit of life, would have a better idea of which wine goes with which course. So I suggest that work hard now, to learn what is the real good stuff to have when you retire

Lastly millionaire = not having to carry a wallet around. It's not a number but a lifestyle.
Click to expand...

:confused::confused:
 
blunomore said:
Problem is, most people say they 'own' property, but in actual fact they are the caretakers of the property, which really belongs to the bank :)
Click to expand...

True. I would've paid my house off earlier this year, but chose to pull some money out for other stuff. :)

I can sell my house now, pay off the rest of the bond, rent an equivalent house and still have R1M in a briefcase. I bought before the boom in CT. :D
 
davemc said:
Retiring with 1 million is pretty doff.
You need at least 40 million to survive on the interest, and if they keep dropping the interest rate, that amount is going to keep growing.
Click to expand...

Balstrome said:
I guess the situation is worst than I believed it to be. My point was aimed at those starting high school, making the statement that getting a habit of achieving high results in those three subjects, will make the goal much easier to attain. Of course it's obvious, but if it is, then why do people choose maths literacy and life skills. If you have an interesting to look at bank statement, then you certainly would know how to read it. In other words, your ability to make the statement interesting or have lots of money in the bank would be because of the hard subjects, like English, Maths and Science. Learning how to read a bank statement while at school sounds like a good socially responsible idea, but unless you have something to put in the bank to make the statement worthwhile reading, what is the point.

And thing, retirement, if it was asked of a scholar, what he would do when he retires, the answer would be something on the lines of Big Screen LCD, party hard. While a person who has lived a bit of life, would have a better idea of which wine goes with which course. So I suggest that work hard now, to learn what is the real good stuff to have when you retire

Lastly millionaire = not having to carry a wallet around. It's not a number but a lifestyle.
Click to expand...

What dave said
 
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