Budgets are Sexy

The Original Millionaire To-Do List

Hah! My original "Millionaire To-Do List" before I digitized it :) I came across it when flipping through my "idea book" the other day. This one actually made it to fruition, but unfortunately a good 25-50% are still in the works or on hold. But hey, that's what keeps us going, right? Our dreams and visions for the future!

PS: If you don't do something similar already, you should totally give it a shot. Increases the odds of accomplishing your goals, while at the same time helps to hold yourself accountable :)
PPS: Writing down your accomplishments each day is also a great idea.

Labels: goals, million dollar club, millionaire love, retirement

My millionaire to-do list! Ya gotta start somewhere...

Welcome to J's "Million Dollar Club"! If you've ever dreamed about becoming a millionaire - and you actually want to DO SOMETHING about it - you're in the right place!

Can you imagine how killer it would be logging into your accounts one day and seeing a cool million there? I've been all about it the past couple years and there's really nothing stopping me now. I've got the desire, the patience, and more importantly the game plan! (what this post is all about).

And I'd love for you to join! Check out my "millionaire to-do list" below and then create one for yourself. It doesn't have to be much, just make sure it's realistic so you'll actually go through with it. Then review it every once in a while to remind yourself WHY you're saving so much more than all all those crazies around you ;) After that, just keep Motivated! "The Automatic Millionaire" and "The Millionaire Next Door" are excellent books for this. All the plan really entails is time and habits. You master those and it's easy breezy my friends! (besides, of course, finding the money to invest). But regardless, you have to start NOW.

In order for me, J. Money, to become a millionaire, I pledge to do the following:

Max out my 401(k) every year.
Max out my Roth IRA.
~~Save/invest 1/2 of all future bonuses~~.
Sell unwanted stuff on eBay/Craigslist.
To be frugal, but not insanely frugal ;)

$16,500 invested + $16,500 matched!
$5,000 invested --> stocks, funds
~~$2,500~~ *currently frozen...
$500 est.
$1,000 est.

That would mean a total of $39,500/yr if I could pull that off! Using CNN-Money's millionaire calculator with a conservative interest of 6%, and stripping away taxed vs. non-taxed money along with inflation, I will see a cool $1 Million in approx. 13 years and 9 months!

This means I will become a millionaire by the time I'm 43!

That $1 million might not actually be *worth* $1 million by then (and I can't predict future returns), but to be honest that's not what it's about for me. All I want is the ABILITY to retire happily with no concerns about money at all. And I'm pretty damn sure being a millionaire would cover that ;)

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So what do ya say - ready to join the club? Get your own pledge jotted down, and then link back or leave a comment and I'll add ya to the list! Here are the current soon-to-be millionaires: