“How long does it take to get rich” is greatly determined by how you define “rich.”
If you want a billion dollars, it’s going to take you (theoretically) longer than someone who is looking for 80 grand in passive income.
Everyone wants to talk about earnings, but the side of the coin I see most struggle with is spending…
Took me 12 years of working and saving like a maniac to feel like I had a reasonable amount of money.
My advice is the same as so many others: If you get anything, get equity.
You can see how long it took Warren Buffet, after the jump.
It had taken Musk less than a decade to go from being a Canadian backpacker to becoming a multimillionaire at the age of twenty-seven. With his $ 22 million, he moved from sharing an apartment with three roommates to buying an 1,800-square-foot condo and renovating it. He also bought a $ 1 million McLaren F1 sports car and a small prop plane and learned to fly.
-Ashley Vance, Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future (Amazon)