Has YoungEnterpreneur got any Young Millionaires?

[chriswick]

If so was the deam of making alot of money better than the real thing or was it what you were in business to do anyway?

I know some and they tell me that is not rosy, one of my familys friends still works 6 days a week in order to keep his business going is this the case for you or do you have other people run your business if that's the case what else do you do with your time apart from come onto YE?

[radreality]

unfortunately being a millionaire to people still has a lot of its older thoughts (like its so much money). Its really not that much these days and its relatively easy (with the right path) to attain.

I don't consider myself a millionaire, but according to all my personal assets and business assets, I technically could be considered one. But its not liquid, so it doesn't really matter (thats my opinion at least).

With business its a never ending struggle to keep it growing, so far I haven't been able to stop doing this task personally. It also depends on your business model, I believe that I will be able to step back from my businesses sooner than most others just because of the way I have built them to run. But at the same time, this is what I enjoy doing, so I will probably always do some work for the rest of my life.

Millionaire status is ok. Deca Millionaire status is a little better. (still working on that though)

______________________________
Robert Falk
Business Developer / Investor
Self Help & Success Forum

[chriswick]

Yeah I believe you I live in the UK and $1m or £500k would buy you a nice 4 bed house but it's nothing to live off.

[jackace]

My understanding of what "being a millionaire" means is Net Worth. Meaning if you liquidate all assets and pay off all debts you would have $1 million cash in hand. I'm not even close to that myself. Hope to be there someday though.

[nmx]

unfortunately being a millionaire to people still has a lot of its older thoughts (like its so much money). Its really not that much these days and its relatively easy (with the right path) to attain.

I don't consider myself a millionaire, but according to all my personal assets and business assets, I technically could be considered one. But its not liquid, so it doesn't really matter (thats my opinion at least).

With business its a never ending struggle to keep it growing, so far I haven't been able to stop doing this task personally. It also depends on your business model, I believe that I will be able to step back from my businesses sooner than most others just because of the way I have built them to run. But at the same time, this is what I enjoy doing, so I will probably always do some work for the rest of my life.

Millionaire status is ok. Deca Millionaire status is a little better. (still working on that though)

Do you mind me asking what you do for a living? Really interested! (If you don't mind me asking.)

[radreality]

Do you mind me asking what you do for a living? Really interested! (If you don't mind me asking.)

I own The RAD Group Incorporated, but that isn't where most of my money comes from; the business was mainly created to help others, thats the whole goal of the company.

I also am involved with a little bit of real estate development (just on a very very small scale right now) and also some other various types of real estate investing (also on a small scale right now). I'm working on a multi-million dollar development project at the moment which is a few years in the making and will take another couple years, but I have no financial stake in it, I'm mainly involved for learning purposes. I'm still new and have a lot to learn in this industry.

______________________________
Robert Falk
Business Developer / Investor
Self Help & Success Forum

[collegeburnout]

with a million dollars in the right hands, the right person can turn that 1 million into 2, then into 4, etc.you just got to have the right resources and make the right investments and dont go buy that nice new car right away or home. if i had 1 million, id multiply that. im young, i have time to wait.

[nmx]

with a million dollars in the right hands, the right person can turn that 1 million into 2, then into 4, etc.you just got to have the right resources and make the right investments and dont go buy that nice new car right away or home. if i had 1 million, id multiply that. im young, i have time to wait.

If only it was that easy..

[radreality]

with a million dollars in the right hands, the right person can turn that 1 million into 2, then into 4, etc.you just got to have the right resources and make the right investments and dont go buy that nice new car right away or home. if i had 1 million, id multiply that. im young, i have time to wait.

if you would do that if you had it, then why aren't you doing:

1x2=$2 2x2=$4 4x2=$8 8x2=$16 16x2=$32 32x2=$64 64x2=$128 128x2=$256 256x2=$512 512x2=$1,024 1024x2=$2,048 2048x2=$4,096 4096x2=$8,192 8192x2=$16,384 16384x2=$32,768 32768x2=$65,536 65536x2=$131,072 131072x2=$262,144 262144x2=$524,288 524288x2=$1,048,576

according to what you said, this will work too. The statement "if I had" should never exist, because you will never have everything but you will always have something at least, and you should work with what you have.

maybe you have money to work with, or maybe its resources, or maybe you know people, or maybe you just have a willingness to gain knowledge. There is always something you have curently that you can use to achieve your greater goals.

______________________________
Robert Falk
Business Developer / Investor
Self Help & Success Forum

[collegeburnout]

Agreed. very well put. nice response,.

[syia]

for me being a millionaire means that you have automated your business so that you can just only work for 5-10% and still earning