Will you become a millionaire

[terry1156]

When I was much younger, the thought of being a millionaire was something that I couldn't really conceive. But inflation makes a million less than what it used to be (but still quite enough for me to live on) and the chances are that I will be one when all my assets are included (the upside of rising housing prices).

Do you think you'll be a millionaire in your lifetime?

[Tree0164]

Re: Will you become a millionaire

Yes... but a millionaire dollars isn't worth as much as it used to be.

My house is appreciating, assets that I have in cash, mutual funds, retirement account will grow. I don't have an exact time frame but probably with 25 years.

[PrincessPerky]

Re: Will you become a millionaire

Nope, never in a million years

[PRICEPLUS]

Re: Will you become a millionaire

Not in this lifetime! :

I hope to have enough though to live a happy and contented life!

[tuscan minoque]

Re: Will you become a millionaire

No I don't think I be a millionaire at all,but become better financially secure.$850,000 would do just fine all I have to do is invest it wisely.

[tuscan minoque]

Re: Will you become a millionaire

Again a miilon dollars is'nt nothing today consider gas prices, housing materials and maintaining children is a lot more expensive than it was per se In the 80's and the 90's.

[jmjj215]

Re: Will you become a millionaire

Nope, never in a million years

But PPerky, that's only a dollar per year

[Snoopy2645]

Re: Will you become a millionaire

Not sure if I will or not but like lots of others said a million sure isnt what it used to be. Maybe when the kids are grown & the house is paid for & I go back to work FT but then it wont be of much use I mean I would rather have it while raising kids ya know!!

[jmjj215]

Re: Will you become a millionaire

I have aggressive retirement plans. I want to be able to walk away from any paying job by the time I'm 50. You just have to get aggressive about it. But if it's not something you really want then that's certainly fine too. Whatever floats your boat -- or yacht!

[Bruce Wayne]

Re: Will you become a millionaire

I expect so.

[niki_the_tiger]

Re: Will you become a millionaire

Probably not.

[Bluezy]

Re: Will you become a millionaire

I'm not discounting that thought. Who knows.

[Russell]

Re: Will you become a millionaire

Well, we don't know what the future holds for us but that's the goal.

Actually, the goal is $2M because by the time we retire, we'll need about $2M to maintain our current lifestyle - which isn't fancy or lavish by any means, believe me.

According to my calculations below, I just need 10% return on my investment over 30 yrs to almost hit my goal

http://home.ingdirect.com/privacy/SAVINGSCALC/longTermCalc.asp

[cheapbastard]

Re: Will you become a millionaire

I hope to be. It is not outside the realm of possibility. I am now working towards retirement and our investment plan, rests mainly on real estate. As others have mentioned before house prices keep going up.

[baselle]

Re: Will you become a millionaire

Yes, at my current rate of saving, but it will take about 30 years, when a million dollars won't be anything special