Being A Millionaire Is Just 11 Steps Away – The Doubling Game

If you were to work for 50 years of your life and then consolidate all your earnings in your entire life just to see if you’ll be able to earn a million dollars, you would be able to achieve it with an average income of $20,000 per year, even without investing. As you can see, that is an easy sum to achieve with an annual income of $40,000 if you save 50% of your pay.

In fact, you might already know a millionaire in your social circle. Man, I wouldn’t even be surprised if you are already one yourself.

But really, do you want to work for 50 years of your life? Continue reading “Being A Millionaire Is Just 11 Steps Away – The Doubling Game”

The ratio of millionaires in Singapore is 1 out of 50?!

I’ve always wondered how it would be like to be a millionaire. Watching Leonardo DiCaprio fanning his money away in The Wolf of Wall Street always seemed to be a tantalizing thought. If I did really have that kind of money though, I’m pretty sure that I wouldn’t wanna do that and would continue to keep it in my bank account to accumulate more interest :p

Is being a millionaire all that great? Maybe. It would probably be the first milestone for my journey to financial freedom. But could I retire with a million dollars at Age 40? Nah, I must be dreaming. It would only signify the beginning of my journey, and maybe indicate to me as a form of assurance that I have been on the right track.

There is this article from The Business Times that stated that the percentage of millionaires in Singapore is close to 2%. So by definition, if you have 500 friends in Facebook, you already know 10 millionaires! You could even be one of the 10, I wouldn’t be surprised. I would probably have way more to learn from you than whatever information you can get out of this blog.

Would I want to be one of your 10 friends one day? You bet.

But like the wise words from The Hollies, it’s going to be a long, long road~~~

May not quite be the perfect song to describe the situation, but I’m feeling nostalgic today. :p

Thanks for reading!

Miss Niao xoxo