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  • Change Nothing – Become a Millionaire
    By Ryan on April 1, 2008 | 3 Comments3 Comments  Comments

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    It is possible to become a millionaire and change nothing about what you are currently doing. However, this is if you are already saving and investing.

    However, no matter what your situation you can become a millionaire with very little effort. However, the less effort you put into it then the more time it will take.

    Let me show you how you can become a millionaire with barely any change to the way you are currently living.

    Take a quick look at the following chart.

    HOW THE INVESTMENT OF JUST $1 PER DAY GROWS INTO $1,000,000

    % INTEREST                                                      No. of years it takes to grow to $1,000,000

    3%                                                                        147 years

    5%                                                                        100 years

    10%                                                                      56 years

    15%                                                                      40 years

    20%                                                                     32 years

    So in order for you to become a millionaire without changing much of what you are already doing then all you have to do is put away $1 per day for the rest of your life (well 56 years at least) and earn at least 10% interest per year on that money (The Stock Market earns an average of 11% p.a.)

    You can however speed up this process emensly by investing more money, or earning a higher percentage.

    You could sacrifice one coffee per day and bank $5/day and become a millionaire in a much shorter time period. Simply sacrifice a little and save and invest what you don’t spend and you can become a millionaire.

    This is the most simple, easy and pain free way to become a million. You don’t need to change your job, change the way you think or change the way you live.

    HOWEVER, it takes the more time. You can become a millionaire much quicker…it is however harder and invloves some risks (often not massive risks only small ones). Try reading my FREE E-BOOK “How To Become a Millionaire” for more information on fastracking your millionaire journey.

  • My Goal - $1,000,000 in 12 Months - Millionaire Before 21
    By Ryan on April 1, 2008 | 7 Comments7 Comments  Comments

    I have a goal of earning $1,000,000 in 12 months. Originally last year, when I was 19, my goal was to become a millionaire by the time I was 30. This would easily allow my to retire at 30 and only work if I had to. That is really my goal…to be able to work doing what ever I want, not because I have to work but because I want to work. I want to be a youth pastor (and that doesn’t pay good at all) so that is another motive for me to become wealthy early.

    Why do I have this MASSIVE goal?

    Well last year I read a book called “The One Minute Millionaire” By Robert G. Allen, which I got from the local library. This book led me to believe that when it came to serious wealth anything was possible. It also led me to believe that it was possible for me to become a millionaire in just 12 months. Some may say I am stupid…some may think I am bold.

    But the statement is always in my mind that says “Aim for the moon and even if you miss you will find your place among the stars”

    I want to aim big, and then if I miss hopefully I will have come closer than I would have ever come if I didn’t aim high. Maybe I will end up with $100,000 maybe $10,000. Anything over $10,000 will be an achievement (because that is what I would have earnt all year working in my boring dead end chemist job).

    I want to be an inspiration to people. I want to be someone that people can look at and be inspired to do what I have done. Not many people go from 0 to 1,000,000 in 12 months, heck not many people become millionaires before they are 21 or even 30.

    Here is how i plan to become a millionaire in 12 months….

    Make money online - Through multiple internet sites.

    I will be running multiple internet sites throughout the year (foolswealth.com being one of them). It is my goal to provide people with top quality information both for free and paid. This will be my major stream of cashflow.

    Real Estate - In the latter half of the year, once I have some cash flow going with my websites I intend to invest into real estate…possibly rental properties…possible home renovations. Not too sure yet

    Stock Market - Once I have made some money on line I will invest some of it into the stock market and try to make at least 10-15% on the money I invest.

    Business - Towards the end of the year it is my dream to start a teaching business where I can teach people all over the world how to make millions of dollars in wealth. This will begin online with e-books, training programs and audio teaching and then I will step out and hopefully do a seminar or 2.

    So there you have it. That is my goals, my dreams and my plans all laid out on the table. I am writing this to both challenge and inspire you to dream big and go for it and also to share a bit of who I am with you so you can know where I have come from, and where I am going to.


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About Me

My name is Ryan McLean and I am the Author of Smarter Wealth. I have a passion for making money online and helping other people make money online. I currently work online full time as a blogger and a freelance writer.