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Updated about 17 years ago on . Most recent reply

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1,169
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Frank Adams
  • Loveland, CO
123
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1,169
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Do you have what it takes to become a millionaire?

Frank Adams
  • Loveland, CO
Posted

I just finished reading "Middle Class Millionaires" but I almost put it down before I got too far into it. A lot of it had to do with marketing to the MCM, things such as "concierge medical plans", "shared vacation homes", "shared Winnebagos" etc, which really doesn't interest me.

But a lot of it had to do with the mindset that got these MCM where they are today. Willingness to put in a lot of hours, they are about twice as likely to work 70 hour weeks as non millionaires in their cohort.

If you've read "The Millionaire Next Door", and if you haven't why are you reading this instead?, I'd suggest you read this book and check your work ethic and attitude against those who, while seemingly just like you, have already made a couple of million.

all cash

Most Popular Reply

Account Closed
  • Banker
  • Brighton, CO
6
Votes |
23
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Account Closed
  • Banker
  • Brighton, CO
Replied

A work ethic is absolutely a requirement to success...no doubt.

But I think another often overlooked ingredient to success is passion.

If what you do is a labor of love you'll never stop. You are motivated by something bigger...more powerful...more transcendent...than simple persistence or will power.

Working 70 hours a week is easy when you love what you do. I know it sound cliche, but it's true.

All the big names were motivated by passion...not money.

I'd rather be a failure at something I love than a success at something I hate.
George Burns

He did pretty well for himself, eh?

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