Re: Does it take luck to become a millionaire?
luck? I don't believe in luck. I don't think things happen without an underlying reason, maybe we can't comprehend the reason but there is still a reason.
For this, I don't think becoming a millionaire is a lucky thing. Unless you're referring to inherited money- the lucky sperm club and even then, somebody worked for it and planned for it. And another thing, a Million isn't what it used to be. I think it can be easily obtained, with dedication and persistence to your own personal financial goals, but a Million dollars in 2005 won't keep you living the same standard that you're used to in 2055. So there has to be some system and logic in growing your money at the same rate or greater than the rate of inflation which many feel is stocks or real estate. Plus you still have to earn money to invest. Everything is cyclical. What goes up, must come down... so hitting that one "lucky" stock isn't going to always keep you up. Unless you take your money and run, and that is counter to the entire nature of the stock market. Diversification is another key word. Don't place your trust in finding the one stock, but in several, but you know this.
In sum... there is no quick fix to becoming a millionaire, there is determination, wit and whimsy. You have to put your time in.
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