Comments on: Live Like A Millionaire?

By: Chad

Chad — Fri, 16 Jan 2009 17:46:20 +0000

I didn’t say it is not okay to make a million dollars, I was saying that your self-worth should not rely on what is in your bank account. There’s a big difference. If you manage to make a million dollars, great for you!

By: jo joe

jo joe — Fri, 16 Jan 2009 14:51:43 +0000

mate all I want to say is you will never be a million air with that attitude it seems to me that you are looking for exxcuses not to be a million air or why its ok not to be or you are trying to make your self feel better for not exeeding expectations but whatever the case , the story goes who ever said that money does not buy happyness never hade money. Of cours it is not going to solve all your problems every one has problems no matter what income you are receiving so mate if mony isn’t going to make you happy great you dont need to go to a great deal to support your case like **** mate you get what you think in life if you think it then its true you get what you think if you think its ok not to make a million dollars than so be it. you shouldnt look for ways to support you beleife. But mate i am a million air i earnt every penny of it I am not in a office busting my ass no bills buy every thing i want the house the car the boat and yep you bet ya i am preety HAPPY THANKS

By: june

june — Mon, 12 Jan 2009 20:09:54 +0000

i wish money wasn’t that important in life, that you could go where you want and do what you want and live like you want, but it sure would help to have a million, it can’t hurt…

By: cj

cj — Tue, 02 Sep 2008 03:05:06 +0000

hi i read all the comments, my bio is a young man trying to pay for school while i work as well. All the previous comments were very insightful, but i honestly would like the opportunity to work those long hours that you described, chad to attain the millions. i believe in challenges, and i believe that for someone to eventually earn that much money it took some work and a lot of dedication. i also admire Marc for being able to live his dream. i would like to be a millionaire to ease the stress life places on us sometimes, like having to make payments on bills or living from tips to tips (i’m a waiter = $2.13 plus tips). Above all i feel that we are all truely rich to be able to have good health, family and friends; and thats were the real wealth is.

thanks.

By: Chad

Chad — Thu, 14 Feb 2008 16:48:32 +0000

I should read over that book again – haven’t read it in a long, long time.

As for the website – I’m very tempted to sign up, there’s some great stuff there.

The main reason why I wrote this article is that I was sick and tired of hearing people say – “man, I wish I could win the lottery…imagine how great that would be?!?!” Then I’d ask then, “what would you do with the money?” “Oh…I’d buy a new car and a new house.”

Honestly, most people out there wishing for a million bucks wouldn’t improve their happiness a whole lot by achieving it…they don’t know how to be free.

So you’re right Manelle there is a difference between being a millionaire and being financially free. Some millionaires have freedom while others don’t…some people without a million bucks have freedom while others don’t.

By: Manelle

Manelle — Thu, 14 Feb 2008 16:22:21 +0000

There is a difference between being a millionaire and being financially free. Read Robert Kiyosaki’s “Rich Dad Poor Dad” I learned more about money from that book than any thing else ever. Also check out freecapitalist.com That guy has all kinds of good stuff to say about money. Check it out and you’ll see what I mean.

By: Chad

Chad — Wed, 06 Feb 2008 01:57:26 +0000

Hey Dan, thanks for stopping by! I am a huge stat-tracker myself and I agree with your idea of money being a way to measure business success. However, too many people worry about business success and dollars that they forget to consider “life success.” While they might have a few million in the bank, they don’t have the time or the opportunity to enjoy their wealth.

(*note…I’ll admit that there are tons of exceptions to what I’m saying, I’m not trying to stereotype rich people as having no life.)

I know many people who would be considered “poor” that are much happier than our culture’s “rich.” I’ve got nothing against being a millionaire, as I hope to be one someday myself, but I don’t want to pass on the rest of my life’s activities while I chase that dream. I want to have fun earning my way to success.

By: Dan

Dan — Wed, 06 Feb 2008 01:08:53 +0000

Interesting article, Chad.

I think it might make sense to separate the millionaires. You’re probably right that some celebrities and inherited millionaires (lottery winners, etc.), can be foolish about money and lose it all. But at the same time, the richest people in the world aren’t Hollywood celebrities, sports stars, or the like but winners in the business world. They value their money like no others, especially if they made their business from nothing to an empire, penny by penny.

I don’t think money will solve anything for me, but give me more options. For me, money will be an indication of my success in business.

P.S.- Thanks for writing, I really like your stuff.

By: Chad

Chad — Sun, 27 Jan 2008 21:45:32 +0000

Marc, I’m with you on this. There’s nothing wrong with being a millionaire and that’s not what I was trying to point out. I would love to be a millionaire, but I would hate to be like so many millionaires that I’ve seen who couldn’t escape the office if their life depended on it.

Okay, that’s a bit of an overstatement, but you’re right…it depends on the individual whether or not having a million will really solve their problems.

By: Marc

Marc — Sun, 27 Jan 2008 21:36:16 +0000

You characterize millionaires as crazy spending and always chasing a buck. Your generalization is based on a small subset of people and not those with $1 million in the bank, but more like those that are making $1 million++ per year. You should read “The Millionaire Next Door”, which explains that there are many millionaires around you, but you don’t know it because they don’t flaunt it, which is how many of them got there. These probably make up the majority of the millionaires.

I fit the book’s profile to a tee. I am 39, drive a 14 year old truck, live in a modest house, but have over $1 million in investments, $100K in liquid assets and a net worth of over $1.3 million. However, my annual expenses (not counting income taxes) are less than $50K.

I wanted to be a millionaire since I was in college. The thing I wanted it for wasn’t the ridiculous spending that you mentioned, but the financial independence that comes with it. With no debt (except a mortgage), we aren’t held captive to making payments. We don’t have to worry about making employment decisions based on money, but we can make it based on what we want to do. My wife and I recently went to part-time so we could pursue freelancing as part-time jobs, with a goal (at least for me) of that becoming my sole source of income – which should be easy since we don’t need much income. The frugality that made me a millionaire allows me to have great freedom with how I live my life.

So, I guess it really depends on the individual as to whether or not being a millionaire will make them happy or just cause more expensive problems.