I have a feeling that the majority of people think about the game show. While I did love the game show and watched countless times, something else comes to my warped mind.
My auto response is to SING, "I don't." As some of you know, I'm a broadway show and musical junkie, so when I hear those words, I immediately think of Celeste Holm and Frank Sinatra singing that song from High Society. I just can't help it. It's such a clever song (and I wouldn't expect anything less from Cole Porter). And, I love the movie and what an all star cast...and then I am transported to Newport Rhode Island. And, I'm thinking about Grace Kelly, Bing, Frank and Louis Armstrong.
Anyway, most normal people think first about the game show. Or, they just think, "yes!"
It's kind of funny because being a millionaire in the 1950s was way less common than it is today. Yes, inflation can have a big impact, especially over time.
But, I think that many of us, given the choice, would love to be a millionaire...or at least to have enough money to live comfortably so that we don't need to worry about money.
Now, I know not everyone feels that way, and certainly money is not the main goal in life. Living comfortably and happily is the goal. And, often being in a financially comfortable situation helps. That amount may differ based on your personal goals, personal needs and where you live/cost of living.
There are many ways to earn money both actively (i.e. a job) and passively (i.e. by investing your savings) or a combo of both. One question I've heard over the years is whether it's worth it to invest in the stock market. And, I'm not here to give financial advice...and yes, my standard answer is "it depends." And, I will also explain that there are many ways to invest money (e.g. stocks, mutual funds, index funds, bonds, real estate, etc.). I could go on and on, but generally it's best to both consult a financial advisor and to learn the basics.
Why? Because everyone's situation is different, and everyone's short term and long term needs are different. And, those needs may change over time given life's curve balls.
Another question I hear, especially among those with less earnings and savings is about whether it's worth it to do day trading or buy penny stocks. As I'm not an expert in this, and my gut reaction is be careful, I would advise someone who is considering this to only risk money that they can afford to lose. Why? Because you may lose it all...or at least most of it.
The 2nd thing I would advise to learn how to do this from an expert. This will save you an enormous amount of time and give you a higher probability of success. One of those experts is James Bond. He's been highly successful. But is his program legit? Is it worth it? You can find an in depth review of Jason Bond picks here. This article is written by a friend of mine named Russell and I hope that many find this helpful. He gives his honest assessment of the training course.
For me, my personal preference is long term passive income coupled with my new project of earning online passive income. I will need to update you all soon on that journey. It keeps growing and growing.
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