Site icon Leonid Mamchenkov

How much money do you need?

Lately I’ve been reading more interviews with millionairs than I usually do. Hmm. That didn’t come out right. Let me rephrase it. Usually, I don’t read interviews with millionairs, but recently I scrolled through a couple. Those were from different people. And by different I mean totally different – background, education, stamina, industry, working life, connections, and so on and so forth.

The only two things which were in common for all of them were:

  1. All of them started of as non-millionairs, and now they are millionairs.
  2. All of them said that as the first step of the way they had to decide what is it exactly did they want.

The first point is obvious. At point X in time, all of them had less than $1,000,000USD. At point Y in time (which occured after point X), all of them had $1,000,000USD or more.

The second point is more interesting though. But simple. All of them said, that one has to clearly see the goal. “I want to be rich” is not a goal. It’s an endless process, and very much vague at that. The goal is more concrete, like “I want to live in a house, which has the market value of $500,000USD” or “I want to owe five Jaguar cars, each of which is valued as $100,000USD”. Setting the goal, they all said, is the absolutely necessary first step.

It struck me as interesting. I am very bad at setting goals. (I am much worse at completing them, but that’s not important right now.) So ,I decided, just for the practice-sake, to set a goal.

I was thinking about all the wonderful things that I may have, as well as pure cash, tossed things around, and summed it all up. It came up to 2,740,000 CYP (in USD that’s about x2). If I’ll have so much money by the age I’m 30, I won’t have to think about money ever again. Or so I think. Now.

What’s your number?

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