Why Your First Million Feels Impossible (And How to Prove It’s Not)

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deviantz
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#46

Post by deviantz » May 15th, 2025, 11:45 am

Just asking how many of you have made a million and saved it, my friend made it in tech stocks and lost it all day trading




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gotonudecom
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#47

Post by gotonudecom » May 15th, 2025, 12:46 pm

deviantz wrote: ↑
May 15th, 2025, 11:45 am
Just asking how many of you have made a million and saved it, my friend made it in tech stocks and lost it all day trading
What do you mean "saved it"?

I invested, real estate, software, web sites, etc.

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#48

Post by deviantz » May 15th, 2025, 12:47 pm

gotonudecom wrote: ↑
May 15th, 2025, 12:46 pm
deviantz wrote: ↑
May 15th, 2025, 11:45 am
Just asking how many of you have made a million and saved it, my friend made it in tech stocks and lost it all day trading
What do you mean "saved it"?

I invested, real estate, software, web sites, etc.
Saved = still have it in the bank or invested not blown away




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gotonudecom
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#49

Post by gotonudecom » May 15th, 2025, 12:53 pm

deviantz wrote: ↑
May 15th, 2025, 12:47 pm
gotonudecom wrote: ↑
May 15th, 2025, 12:46 pm
deviantz wrote: ↑
May 15th, 2025, 11:45 am
Just asking how many of you have made a million and saved it, my friend made it in tech stocks and lost it all day trading
What do you mean "saved it"?

I invested, real estate, software, web sites, etc.
Saved = still have it in the bank or invested not blown away
Bank is a horrible place to keep money.. LOL!
Too many times my accounts were emptied and the money NOT returned.

Saved as invested is the pest way. Just don't put it all in one basket, e.g. day trading...
Pay your home off. Put some in secure investments that are easy to liquidate, for emergencies or that spur of the moment road trip.

Don't spend it on things the depreciate, like vehicles.

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viking
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#50

Post by viking » May 16th, 2025, 8:22 am

Keeping more than 6 months living expenses in your bank account is as dumb a financial move any one can make.




Why Your First Million Feels Impossible (And How to Prove It’s Not)

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