A million dollars isn't what it used to be

[Guest Post] A Million Dollars Isn’t $h1t…Unless You Don’t Have It

Gen Y Finance Guy General Information 17 Comments

The following is a guest post submitted by community regular JayCeezy, sharing a few ideas he has picked up along the PF road we all travel.  GYFG welcomes guest contributions, please click here for more info. A financial mentor of mine told me something that stayed with me: “A million dollars isn’t $h1t. Unless you don’t have it.” But once you have it, what are you going to do with it? Why? I’m not an expert, but I am experienced, and want to share these ideas, passing along useful tactics and strategies my PF mentors generously shared with me. Maybe you will find some of this worth passing along, someday. You might not need a million if everything goes your way, but …

I wanna be a millionaire

How To Become a Millionaire – Joining the Double Comma Club

Gen Y Finance Guy Financial Freedom 26 Comments

They call it the double comma club and membership is open to anyone. Well, it’s open to anyone that is willing to practice simple disciplines of saving, investing, and living below their means. Let me clarify that when I say “living below their means”, I am not saying you have to live like a college student, instead you simply need to spend less than you earn and invest the difference. Ideally you should be saving and investing at least 20% of your income (although I recommend saving 50% as you build your income). J. Money over at Budgets are Sexy has started “The Million Dollar Club” for anyone who desires to become a millionaire can join. It started out of his own desire …