It's not difficult at all. All it takes is:1.Time - enough time to allow savings to accumulate and returns to compund2. Discipline - to stay the course, live within your means and save a sensible portion of your income3. Risk taking - a willingness to take at least some risks with your moneyA little bit of luck would also help as would living in a country which does not have have punitive rates of taxation - but the absence of luck or the presence of high tax rates will not stop someone who is deterimined to get there.3.
Well said, traineeinvestor..:)However, most youngsters today (the ones that I come across, at least) will tell you that they want to be a millionaire too, but1. Not willing to wait for a long time and 2. Not willing to sacrifice and stay disciplined.. :(
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