It’s been close to 4 months now since I quit my job and went out on my own.
So, I can now actually say I’ve had my first ‘financial quarter’ as a self-employed businessman.
It’s been exciting to pour over the numbers. I’ve looked back and reviewed, and watched this little project develop from a seed into a sapling, and now into a young and quickly growing tree. It’s not a great oak yet, but I’ll get there.
All of this got me wondering – if none of the sites I’m working on takes me into the realms of the super rich were I can buy my own 40 foot yacht and spend my retirement going between the various islands in Fiji and French Polynesia, just what do I need to tuck away to retire in style and comfort?
Of course, the first order of business was getting specific and detailing exactly what style and comfort meant to me.
I came up with a figure: $1 million USD. Nothing more or less. That’s my backup number, if 100 million fails!
I sat down and worked it out, and to my surprise, anyone with will, drive and a little time on their hands can easily retire with a cool million, provided they are currently 30 or younger. For you older readers, don’t worry, half a million is still a lot of money, and you can easily make it!
How to Retire a Millionaire
Every single month, you need to put away $1000, if you want to retire a millionaire.
Now a math wizard will quickly figure out that this simply doesn’t add up. There are 12 months in a year, and we’re talking about 30 years here, for most people.
30 x 12 = 360, and at $1000 per month that equals 360k for retirement. Certainly not a million, so what’s the deal?
Compound interest is the deal! It’s the power of compound interest which works financial miracles, and will take you over the finish line to retiring with a nice million dollar bank balance.
See how it works:
If you start with zero (which I hope you aren’t if you’re 30, but it doesn’t matter if you are), and you add 12,000 annually, or $1000 per month, and invest it at 7%, which is easy as pie and I’ll tell you how in a minute, you get $1.2 million in 30 years.
Pretty immense, isn’t it? For you cynics out there who think the screenshot is a fix, feel free to do the calculation yourself at Money Chimp just look for the compound interest calculator and enter the data.
So, now we know the math behind retiring with a mill, how do we get there?
Making the Extra $1000 per Month
I’m telling you right now, without any shadow of a doubt, scouts honour, that any grown man or woman in the Western world with half a brain can make an extra $1000 per month, at least.
I’d hazard a guess to say that most of the men reading a Mens Self Improvement blog are above average intelligence, and so 2-2.5k should be possible, if you put a little extra effort into it.
I’ve seen my side gig grow from $130 the first month to well over $1000 in the 4 month’s I’ve been operating. It will grow to $2k within the next three months, I know it for a fact.
So what is the side gig? How can you take advantage of it and retire a guaranteed, bona fide millionaire…
Take The Keys to Freedom Course and I’ll show you how. It comes with a no questions asked money back guarantee if you don’t make back your costs in the first three months. After that, it’s all profit.
You didn’t think I was going to lead you to the water AND bend down and fill your bucket for free, did you? :p
How to Get 7% Returns on Your Loot & Retire a Millionaire Guaranteed
7% returns are sinch, and any decent fund manager will get that over time a long time line.
It doesn’t work as a steady 7%. Markets go through their ups and down and one year you might gain 12% while another you only gain 3% and so on, but over time you will average out 7% if you put your money in any decent mutual fund based on the S&P stock index. Read more about that here for a detailed look at historical averages.
You can even do this part online, meaning you don’t have to go down to some bank and deal with a pinstriped moron.
Just keep working, keep doing what I tell you in the course, keep adding $1000 a month or $12,000 annually to your fund, and watch the magic happen.
For probably the first time in history, any man or woman on the planet can retire a millionaire as long as they have internet access and a backbone.
It’s yours for the taking. The only question is – will you walk through the door?
I’m handing you the keys to retire a millionaire. Take them.
Until next time,
Desire. Decide. Persist.